After over three years of no activity at the Oceanside Manor on Diamond Head's Gold Coast, two new listings hit the market these past two week:
1. Oceanside Manor #602 (MLS # 202112012) listed for $2,300,000
Unit #602 hit the market on May 12th with an asking price of $2,300,000, which is a $1 million bump in price from when it last sold for $1,300,000 in 2013. However it actually sold higher than that in 2006 at $1,340,000 which just goes to show that timing is everything in this business.
2. Oceanside Manor #801/802 (MLS # 202110046) listed for $4,544,000
Combined units #801 and #802 hit the market on May 4th with an asking price of $4,544,000. They're also ambitious asking $1 mil more than the last sale of the combined units in 2017 for $3,500,000. Although a shorter holding period than #602, the $1 mil increase could arguably be more justified as there's been some nice upgrades in 2019 and also relatively less an increase with the size and price/square foot.
Time will tell if either owner is able to get their $1 million increase in price. Regardless, Oceanside Manor is a special building and we're glad to see more inventory come online in such a sparsely stocked housing market on Oahu.