We Have Our Fingers on the Pulse of Real Estate

Latest News and Articles from Harcourts Island Real Estate

March 12, 2016

Ossipoff Home on Waialae Nui Ridge on the Market

Earlier this week a new Ossipoff listing popped up on Waialae Nui Ridge. Having a few clients in the market for one, I went by to preview it.

Ossipoff Home at 1789 Halekoa Drive

Ossipoff home on Waialae Nui Ridge (MLS# 201604820) listed for $1,198,000

It had some great lines and typical features of his homes on the ridge, with great cross ventilation, built in storage, etc. Unfortunately for a few clients, the improvements were “nice,” however, redone in more of a taste of the owner than perhaps the original home. For instance, the tiled floors are beautiful, however, they at one point were most likely a more simple concrete look. The kitchen was redone nice and kept with the lines of the era. Another nice thing is there’s also gas cooking (rare on Oahu) that was piped in from the street.

Ossipoff Great Room with Ohia Posts

Ossipoff Seated Bar Area Ossipoff Remodel Appliances

Upgraded kitchen off the great room with gas oven, washer/dryer, and coffee maker

Some of the cooler features I liked in the home was the pass through window from the master bedroom to the living room, a built-in punee in another bedroom, and of course the view!

Diamond Head View from Ossipoff Home on Halekoa

Master Bedroom Pass Through Punee in Halekoa Ossipoff Home

Outside of the amazing view, the home has some cool features

Although this home didn’t work for the current clients I’m working with, I still think it’s a great buy. It’s been awhile since I wrote on article on another Ossipoff home on Waialae Nui Ridge. Although they’re more abundant in this neighborhood, they still don’t hit the market every day…

Contact a Mid Century Modern Expert

If you’re interested in homes by Vladimir Ossipoff or other mid century modern homes on Oahu, feel free to contact me for more information.

Jan. 28, 2016

Mahalo for Your Business in 2015

Thank you for our success in Real Estate.  We could not have done it without you!

Colony Surf in January 15 Ilikai Feb 9th Coconut Plantation February 24 Regency Park February 27th

Moana Pacific March 27th Makaha May 5th Diamond Head May 7th Hawaii Kai May 20th

Nuuanu May 26th Hoakalei June 3rd Kuapa Isle June 8th Palo Alto August 14th

Waikiki Shore August 18th Kahala Kua August 19th Diamond Head Sands August 24th Anchorage September 9th

2987 Kalakaua October 6th Kuapa Isle October 8th Castle Surf December 12th       Hawaii Life

The properties above represent the wonderful people we were able to work with and successfully purchase or sell in 2015. THANK YOU for contributing to our success in Real Estate!

We are very appreciative for our great clients and network of friends and colleagues who have done business with us and referred our services to others.  As a result, our business continues to grow! 

Oct. 10, 2015

One More Alfred Preis Classic Snapped Up Fast in Manoa

Recently, an Alfred Preis home hit the market on Melemele Place in Manoa. To no surprise, it was snapped up relatively quick.

Preis Home on Melemele Place in Manoa

Latest Preis listing on Melemele Place (MLS# 201509359) listed for $988,000

Considering the last few sold north of $1 million, this one is a great buy. I had the opportunity to preview it prior to coming to market. Although it needed some work, it is definitely at “diamond in the rough.” Situated on a cul-de-sac, the home sits on over a half acre (which is hard to find in Honolulu). With mature fruit trees, space, and privacy, this home has a lot to offer.

3271 Melemele Place in Manoa

Melemele Manicured Yard Melemele Place Back Yard

Space and privacy on a 25,769 square foot lot

3271 Melemele Carport

3271 Melemele Place Living Room Melemele Preis White Washed Walls

Classic mid century modern lines signature of Alfred Preis’ work

Throughout the home you can see the classic mid century modern lines, use of hardwoods, mahogany paneling, and the thin hollow tile that was commonplace in a number of Alfred Preis’ homes. This is one of the coolest collections of his works if you were to take a drive up Melemele Place as Mr. Preis was involved in the development of a number of homes here. This particular listing has been under contract this past month. If you’ve got interest in other mid-century modern homes to purchase, I’m here to help.

Contact a Mid Century Modern Home Expert

If you’re a fan of Alfred Preis, here are some of my previous articles below:

492 Portlock Road in Portlock – Sold July 2, 2015

2316 Round Top Drive in Makiki Heights – Sold June 25, 2014

3247 Melemele Place in Manoa – Sold January 30, 2014

3220 Melemele Place in Manoa –  Sold May 3, 2013

492 Portlock Road in Portlock – Sold January 23, 2012

1290 Alewa Drive #1 in Alewa Heights – Sold October 21, 2011

17 Kepola Place in Nuuanu – Sold January 25, 2011

1290 Alewa Drive in Alewa Heights – Sold November 23, 2010

If you’ve interested in this or other mid century modern homes, feel free to contact me for more information.

Sept. 13, 2015

Recent Market Activity in Kahala Kua

Over the past month we have listed and sold a home in Kahala Kua, which is one of east Oahu's exclusive gated communities. Considering there's been very little inventory selling there over the years, it really says a lot.

Kahala Kua Just Sold

Recent Kahala Kua sale where we represented the Buyer

Since there is only a little over 120 homes in this gated community, there isn't a whole lot of turnover each year. Since 2008, there have only been anywhere from 1-4 home sales per year.

Kahala Kua Home Sale per Year

Home Sales in Kahala Kua over the past 10 years

So far in 2015 YTD, there have only been 2 sales, 1 in escrow and another listing. We're directly a part of half of those:

  • April 17, 2015 - 5439 Kuaola St. Sold for $1,410,000
  • July 22, 2015 - 5328 Kahalakua St. Listed for $1,678,900 (In Escrow)
  • August 14, 2015 - 5257 Kuaiwi Pl. Listed for $1,728,000 - We Represent the Seller
  • August 19, 2015 - 5209 Kuaiwi Pl. Sold for $1,328,000 - We Represented Buyer

Entering 5257 Kuaiwi Place

5257 Kuaiwi Place (MLS # 2015141568) we have listed for $1,728,000

On 5209 Kuaiwi, we got a client a great buy! The home was originally listed for $1,895,000 earlier this year. The appraisal also came in much higher that the sales price. On 5257 Kuaiwi, we've got it at a great price considering the home on Kahalakua St. went into escrow very quick. In addition, both sales in the neighborhood in 2014 went over $2 million.

Kahala Kua Sales Prices from 2005-2014

Average sales price in Kahala Kua over the past 10 years

To learn more about this exclusive neighborhood, contact us for more information. 

Sept. 9, 2015

Mid Century Modern Classic Available in Waialae Golf Course Neighborhood

Over the years, I’ve written a number of articles on the Sony Open and homes fronting Waialae Golf Course. They typically range anywhere between $3-5 Million. If you’re not adamant about living “on” the course, yet want to be in the same neighborhood, I’ve got the right place for you! We recently listed a classic mid century modern home in the exclusive Waialae Golf Course neighborhood.

Waialae Golf Course Neighborhood Aerial View

1044 Waiaholo (MLS# 201511122) is listed for a fraction of the homes on the Golf Course

Noteworthy Features

Sales for homes not on the course typically trade under $2.5 Million, which is a bargain compared to interior Kahala (where interior homes can trade up to $6 Million). The main difference between Waialae Golf Course and Kahala is just about every home in Waialae Golf Course has great curb appeal! When driving around Kahala, it is common to see a new spec home or McMansion right next door to a run down home with overgrown grass. The Waialae Golf Course Community Association does a great job of maintaining the neighborhood for a nominal annual fee.

1044 Waiholo Aerial View

1044 Waiholo Curb Appeal 1044 Waiholo Seen from the Street

The subject property and all its neighbors have great curb appeal

An original owner since 1961, this is the first opportunity this architectural classic is available. It was designed by the owner during the mid century modern era and has been well maintained over the years.

Waialae Mid Century Living Room

Waiholo Living Room Waiholo Built Ins

Classic mid century lines and built-ins that are signature of the era

In addition to the architectural appeal, the Seller has put on a new roof, completely upgraded the electrical service, added new flooring, replaced all the pool equipment, and recently tiled the pool.

Waiholo New Roof and Tiled Pool

Waiholo at Dusk Waiholo Moon Rising

New roof and tiled pool are some of the recent upgrades

Contact a Mid Century Modern Expert

To learn more about this classic or other mid century modern homes on Oahu, feel free to contact me for more information.

June 3, 2015

Hoakalei-Kipuka Buyer Testimonial

Hoakalei Kipuka

William W. Burch, Ewa Beach, Hawaii

Mr. Buck provided exceptional real estate service as the buyer's agent for my family in our long awaited transition back to Hawaii. Although we were under a short time-line, Mr. Buck rapidly found us an excellent home and was quite patient with our long list of desires.

He encapsulates the notion of genuine Hawaiian hospitality while gently advising what is best for his customer. We would strongly recommend his high ethical services to all our friends and families. 

May 6, 2015

Only 15 Developer Units Left at the Ilikai

This evening I attended a special Cinco De Mayo Brokers Open at the Ilikai in Waikiki. This great building has come full circle out of the recession and come back even stronger than before.

Welcome to the Ilikai

The Ilikai is an Iconic Building in Waikiki that recently celebrated it's 50th Anniversary

It's been over 5 years since I wrote an article about Ilikai condos selling for bargain prices. After the foreclosure, iStar took the block of units back went through a complete renovation. This past fall, the started selling the block of units they had on the 22nd-25th floors. I've been fortunate enough to bring in several buyers during this period. After a flurry of activity, heaps of Buyers have been snapping them up. Unlike the bottom of the market when banks weren't lending on the project, today a handful are and roughly 30% of the recent sales have had financing. Here's what is remaining as of earlier today:

Remaining Ilikai Developer Units

Remaining developer units as of May 5, 2015

By this evening, roughly only 15 were left. Just prior to getting there this afternoon, one of the featured marina facing units (2510) asking $1.7 million went under contract! Now is the time to pick up one of these units before they are gone. These units can be placed in the hotel pool with Aqua Hotels and Resorts and they have a few programs available to owners. Some even offer guaranteed income! I know my clients have been happy thus far. Here's a general floor plan to give you a better idea of where the units are located:

Ilikai Floor Plan

Iliaki floor plan on floors 22-25

To learn more about what's for sale at the Ilikai (both in this block of units and the others below), feel free to contact us for more information.

May 3, 2015

Vladimir Ossipoff Home for Sale on Diamond Head Circle

Recently I wrote about two mid century modern homes done by Alfred Preis that were good values. In the article I’d mentioned how the Preis home on Diamond Head was the 2nd best value on a price/sq. ft. basis. The best value was an Ossipoff home on Diamond Head Circle. Well, that deal got even better. The home has since been withdrawn from the market and just re-listed for $411,000 less!

Vladimir Ossipoff Home on Diamond Head Circle

Ossipoff home on Diamond Head Circle (MLS# 201506416) listed for $4,588,000

This property is listed as 11 bedrooms and 10 bathrooms on 0.768 acres. When I wrote that last article, the improvements were already the lowest price/sq. ft. in all of Diamond Head at $562/sq. ft. Today, it’s priced at $516/sq. ft., which is significantly less than the average asking price of $1,406/sq. ft. The average sales price over the past 6 months has been $1,107/sq. ft., so this is definitely a great opportunity!

Contact a Mid Century Modern Home Expert

If you’ve interest in this or other mid century modern homes, feel free to contact me for more information.

April 20, 2015

Alfred Preis Diamond Head and Portlock Homes Back on Market

Alfred Preis is one of my favorite mid century modern architects in Honolulu. I’ve written a number of articles over the years on his listings, which seldom come on market. Today could be a luxury homebuyer’s lucky day if they’ve been waiting for one of his homes. There are two listings on the market, one in Diamond Head and the other in Portlock. Both sold in recent years and are back on market at higher prices where the sellers are looking to take advantage of the strong market.

Preis Home in Diamond Head

The home below is located on one of Honolulu’s most exclusive streets, Noela Drive. This home is listed for $4.1 million and last sold for $2.6 million in October of 2010. In today’s market, it’s a great value and the 2nd lowest price/sq. ft. in all of Diamond Head at $608/sq. ft. The lowest price/sq. ft. is another mid century modern home on Diamond Head Circle (MLS# 201419068) designed by Vladimir Ossipoff that needs a lot more work and is priced at $562/sq. ft. For reference, the average sales price over the past 6 months in Diamond Head was $1,118/sq. ft.

Pool on Preis Diamond Head Home

Alfred Preis home (MLS# 201502152) on Noela Drive in Diamond Head

Although this is an Alfred Preis home, some of the typical architectural lines and features may have been done away with over the years of upgrades and/or remodeling. For instance, there was a lot of marble, which may have been upgrades from the 80’s:

Marble Bathroom in Diamond Head Preis Home

Marble Bathtub in Preis Home Marble Bar in Preis Diamond Head Home

Use of marble, which appears to be altered during remodels over the years

Here are some of his indicative features below I’ve seen in his other homes:

Built in shelves in Preis DIamond Head Home

Handcrafted wood drawers as well as the “slotted” wood above the door jam for air circulation

With over 6,700 sq. ft. interior, this is a great opportunity in Diamond Head. Although the owner paid $1.5M less 4.5 years ago, the home is in better shape and there could be more upside as some of the grand estates on Noela have fetched $7-9 million.

Entry Way to Preis Portlock Road Home

492 Portlock Road (MLS# 201501799) was also designed by Alfred Preis

Situated on another one of Honolulu exclusive streets, this Portlock Road home is listed for $3,492,000 and last sold for $2.3 million in January of 2012. I’d argue that the Portlock market hasn’t increased as much as the Diamond Head market in recent years. However, this home is also a great value and the current owner got a great buy back then. Situated on a 28,446 sq. foot lot, this home has its own tennis court, pool, has well-kept grounds, and is across the street from ocean access.

Aerial View of Alfred Preis Home in Portlock

Alfred Preis home on 0.65 acres in Portlock across from the ocean

Tennis Court on Preis Portlock Home

Swimming Pool on Porlock Home by Alfred Preis Stairs on Portlock home by Alfred Preis

Tennis court, pool, and great landscaping are some bonuses outside of the architecture

This home also underwent a remodel in 2013. What I love about it was the owner’s ability to upgrade with newer materials, yet keeping the same feel, flow, and modern lines of the era. There’s a much different feel than when I wrote about the home four years ago. Here are some examples of the upgrades below:

Portlock Preis Kitchen Remodel

Portlock Bathroom Remodel Portlock Shower Remodel

Upgraded kitchen and bathroom

Contact a Mid Century Modern Home Expert

If you’re a fan of Alfred Preis, here are some of my previous articles below:

2316 Round Top Drive in Makiki Heights – Sold June 25, 2014

3247 Melemele Place in Manoa – Sold January 30, 2014

3220 Melemele Place in Manoa –  Sold May 3, 2013

492 Portlock Road in Portlock – Sold January 23, 2012

1290 Alewa Drive #1 in Alewa Heights – Sold October 21, 2011

17 Kepola Place in Nuuanu – Sold January 25, 2011

1290 Alewa Drive in Alewa Heights – Sold November 23, 2010

If you’ve interest in this or other mid century modern homes, feel free to contact me for more information.

March 27, 2015

Moana Pacific Condo Buyer Testimonial

Koolani 3008 Living Room

Michelle Ramstack, Honolulu, Hawaii

We recently moved to Hawaii from Milwaukee, WI. We did not know all the neighborhoods very well. David was recommended by a co-worker. We met with David and instantly were put at ease. David has been a wonderful tool in the buying process. We were happy with our purchase and our Realtor. He took the time (months in fact) to go through condo after condo and help us narrow down the neighborhoods to help make an educated decision. He was an excellent choice! I have already recommended him to several friends. We have been very impressed with his knowledge, attitude and hard work!!!

Posted in Kakaako, Testimonials