The Ilikai Condo and Hotel is one of Oahu’s iconic properties made famous with Jack Lord in the opening scene of the original Hawaii Five-O Series.
With the popularity of the new Hawaii Five-O Series, weak U.S. dollar, and the peak holiday season approaching, we’ve been getting more and more calls about the Ilikai.
Since it is difficult for foreigners to get a loan in the U.S. (not having established credit here), they are typically cash buyers. I’ve also found that a lot of buyers prefer to have a product that offers the flexibility to rent out short-term, long-term, or live in. I’ll be honest, this is something that sounds appealing to me if I were to invest outside of Hawaii as well.
Unfortunately, the Ilikai has had a troubled past in recent years with a large block of units that were foreclosed on. The good news is sales have started to pick up. We sold one of the rock bottom prices earlier in the year at $180,000. As of today, the lowest priced listing is $229,997 (MLS# 1013195) for a low floor on the mountain side of the building.
This 2,378 square foot 2 bed, 2 bath unit (MLS# 1012039) is listed for $1,980,000
Unit 2603 (above) is the one of the more luxurious units in the building, and is an example of how this iconic building is coming back around… If the Ilikai is a building that interests you, feel free to check out the current inventory of Ilikai condos, or contact me for more information.