This past week I listed one of the lowest priced marina and ocean view units at the Ilikai in Waikiki.

Ilikai #339 (MLS # 201416937) is fully furnished with split air conditioning

This is the perfect unit for those looking for a view, yet not a big fan of heights or long elevator rides and waits. Situated on the 3rd floor, you're perched just high enough to get marina and ocean views over the deck below.

View of the marina and ocean from the lanai

In addition to the Ilikai's iconic reputation and location, this unit has been remodeled. Upgraded granite counters in the kitchen, newer cabinets and flat screen tv or just some of the upgrades. The unit is currently in a hotel pool, so this is the perfect opportunity for a 2nd home owner that wants to rent out their place when not on island.

Upgraded unit clearly not the Ilikai of the '60's

We are 1 of only 3 active 1 bedroom listings in the building as of today facing the ocean. In the past 6 months, there have been 18 sales ranging from $480,000 to $615,000. With a median sales price of $552,500 and average sales price of $551,389, we're priced to sell at $540,000. Feel free to contact me for more information.

It's not too often that I recommend a Leasehold condo in Honolulu as a good buy, however Executive Centre is one of those buildings that a nice long term lease that expires in 2053.

Sunset view from Executive Centre #2001 (MLS # 201415779)

We just recently listed unit #2001. In addition to the having a long term lease, this particular unit comes with a covered parking stall. Since it's above the 12th floor, it's in the secured tower as well as being eligible to be placed in the hotel pool managed by Aston. 

Relax by the pool at Executive Centre

On site security, restaurant and swimming pool are just a few of the amenities Executive Centre has to offer. As of today, there are 15 listings at Executive Centre. Although this sounds like a lot, it is less than 3% of the total project. With a price under $200,000 this is a great option for get a 1 bedroom condo in Downtown Honolulu at a great entry level price.

If you haven't heard already, Starbucks is coming soon to Aina Haina Shopping Center.

Starbucks is going in the old First Hawaiian Bank location in Aina Haina

Starbucks is the latest of many new upgrades to the shopping center that local firm Blue Rock Partners and the new ownership have undertaken to upgrade the mall. Recent years saw the addition of an upgraded Foodland Farms, a new McDonald's, a new First Hawaiian Bank and now Starbucks that's going in the old bank location. I didn't even mention the facelift that's given the original run down mall added curb appeal.

Starbucks under construction seen from the street

I'm not sure when the estimated roll out date is, however I can already see myself stopping through here in the near future between showings in East Honolulu.

Back in 2005, I recall it being difficult to find a decent 3 bed, 2 bath town home on the marina in Hawaii Kai. Shortly after the financial crisis of late 2008, prices dipped to the $700k range and some as low as the mid $600k range at some of the classic projects such as Koko Isle and Kuapa Isle. Fast forward to today and marina front town homes in Hawaii Kai prices are on the rise. Here's what's happening:

KoKo Isle

This Koko Isle Town Home (MLS # 201405950) priced at $1,025,000 is under contract

Koko Isle marina front town homes have seen the following uptick in values. Here's the average sales price by year as well as transactions thta took place:

2014 - $899,450 | 2 Sales (YTD) 

2013 - $858,333 | 6 Sales

2012 - $726,500 | 8 Sales

2011 - $674,000 | 5 Sales

2010 - N/A - None

2009 - $692,000 - 1 Sale

Meanwhile, active inventory outside the one above are asking prices ranging from $975,000 (MLS # 201407165) to $1,100,000 (MLS # 201332609). We've come along way since the under $700k mark. It'll be interesting to see if the new "norm" will be set around $1 million + going forward?

Kuapa Isle

Kuapa Isle town home (MLS # 201407016) under contract with asking price just under $1 million

Kuapa Isle has noticed a similar price increases since 2009 and has had very little inventory. In addition to the unit above showing as Active Continue to Show, there is another unit pending with an asking price of $989,000. What's even more amazing is there's a non-marina front listing with an asking price of $774,880 in escrow. Not that long ago you could get something on the water for that price! Amazing how the market has changed. Here's what's been happening with the average sales prices of marina front units at Kuapa Isle:

2014 - $858,333 | 3 Sales (YTD)

2013 - $820,667 | 3 Sales

2012 - $849,619 | 4 Sales

2011 - $743,600 | 5 Sales

2010 - $671,786 | 7 Sales

2009 - $691,500 | 5 Sales

Although YTD sales don't reflect much of a change over the past 2 years, the two units under contract in the high $900k range show a significant jump. It'll be interesting to see if prices trend upwards. This is a coveted community and as you can see not that many marina front units trade each year.

If you're interested in purchasing a marina front town home in Hawaii Kai, feel free to contact us for more information. We also are looking for Sellers as we are working with a number of marina front Buyers. To get an idea of what your place is worth, feel free to try our free valuation tool.

Diamond Head Circle is an exclusive enclave of homes off Monsarrat Avenue on the backside of Diamond Head. Typically, there may be a listing (or two) on the market at best. This week however, that count is up to six!

Locations of the six homes for sale on Diamond Head Circle

Prices range from $4.3 to $16.2 million and days on market range from 451 Days to market to the latest one listed just 2 days ago. Below you'll find a brief description with a links to more detailed listing information. I've listed them in chronological order of when they came on market.

1. 3703 Diamond Head Circle (MLS # 1300580) was listed January 15, 2013

Set on over 3/4 of an acre this property originally was listed for $7,250,000 and is now available for $5,900,000

2. 3735 Diamond Head Circle (MLS # 201333344) was listed on October 10, 2013

This one is my favorite listing on the circle with when factoring in the nicest house, prime location and view. Nestled on 1.27 acres it originally came online for $13,500,000 and is now $12,500,000

3. 3824 Diamond Head Circle (MLS # 201400627) was listed on January 10, 2014

One of several listings on the circle priced around the $5 million range, this one sits on a half acre. Although the original structure was built in 1949, there was a complete remodel done just a couple of years ago.

4. 3692 Diamond Head Circle (MLS # 201402274) was listed on March 1, 2014

This one is by far the largest and priciest listing on the circle. Set on just under 2 acres, this listing is comprised of 4 parcels. It last sold for $9,700,000 cash on July 14, 2008. It has the largest residential swimming pool on Oahu and is a storied trophy property.

5. 3636 Diamond Head Circle (MLS # 201403557) was listed on March 14, 2014

Although this is another one around a half acre in the $5 million range, what sets this one apart is the quality of construction. This is the newest home for sale built on the circle that was done in 2005.

6. 3653 Diamond Head Circle (MLS # 201405994) was listed on April 9, 2014

This one was the final straw which nudged me to write the article. There's a saying in the business that "things come in threes." This capped out the 2nd batch of 3 listings. This particular one has been on and off the market since 2005 and listed 11 different times with prices ranging from as low as $2,475,000 in 2006 to $7,500,000 in 2011.

Now that the stage is set, it will be interesting to see which one of these homes sells first... there are a number of great offerings here. It just depends on wants, needs and budget. If you need some assistance buying or selling on Diamond Head Circle or other parts of Diamond Head, I'm here to help.