Following up on a series of Where to Find Oceanfront Condos on Oahu, we work our way clockwise on Oahu from Diamond Head to Waikiki. Believe it or not, there is only 1 true oceanfront condo building in Waikiki, which is the Waikiki Shore. When you think about it, the reason why is all the prime real estate in Waikiki is taken up by the hotels. Waikiki Shore is adjacent to the newly renovated Outrigger Reef and fronts a beautiful white sandy beach. One of the great things about the building is the maintenance fees are relatively low because the commercial spaces on the bottom floors offset some of the operating costs of the association. In addition, the 2 most recent sales sold at $1,062 and $1,598/square foot and active listings average $1,580/square foot. This is a great price for prime oceanfront property, given the new Trump Waikiki isn't even on the ocean & is selling for $2,000/square foot... If you're looking for an oceanfront condo in Waikiki within walking distance of great shops, restaurants and the only 5 star hotel on Oahu, this is it! Here's a gallery I've put together of available listings. Enjoy!
Unlike some of the neighbor islands that have lots of oceanfront condos, Oahu's oceanfront condo inventory is somewhat limited given the population of the island. The purpose of this blog post is to lay out where you can find oceanfront condos on Oahu. We'll start at Diamond Head on Oahu's southeastern shore (Diamond Head is where the original land surveys on Oahu used for reference) & work our way around the island clockwise.
As you can see, a number of the areas mentioned above have either just one or two projects in the entire area. In the near future, I'll be posting more information on each of the specific areas. In the meantime, if there's anything specific I can help you find in regards to oceanfront condos on Oahu, give me a call at 808-371-3509.
Diamond Head claimed another large sale recently. This is following a trend of the high end buyers realizing some great buys in this exclusive neighborhood. 3239 Noela St. closed for $8,750,000. The 10,544 square foot home that sits on over an acre was the former home of Jack Myers a local developer that moved to the San Francisco Bay Area. He sold this back in 2000 for $9 million. I'd say close to 99% of the homes on Oahu are worth more today than they were in 2000. Someone got a good buy here!
Realty Trac came out with their latest Hawaii foreclosure stats that were published this week in the Star Bulletin. Lihue on Kauai led the state with the highest rate, however this was skewed due to Kauai Beach Resorts foreclosure, which accounted for 145 units.
Although, Oahu accounts for the majority of the population in the Hawaii, 65% of the foreclosure activity was on the neighbor islands. Ewa Beach led Oahu with the most foreclosures on the island with 65 in the month of August. Honolulu ranked 150th in the nation out of 203 metro areas tracked, which isn't too bad.
If you're looking for a great buy, Ewa Beach could be the place. In general, the construction is newer, the infrastructure is newer & Ewa Beach hardly lacks any sunshine 
The catch is the commute to Honolulu. Ewa residents that "fight traffic" stare into the sun driving to work in the morning & stare in to the sun in traffic in the afternoon... If you don't work the typical 40 hour work week in Honolulu, Ewa Beach has some great housing options. You can get a nice single family home built in the last 5 years for the same price of a 2 bedroom condo in Honolulu built in the 1970's. The wave of foreclosures hitting Ewa Beach is creating some great opportunities for buyers entering the market place!
Children's Place Magazine recently wrote an article titled The 100 Best (and Worst) Places to Raise a Family and Honolulu ranked #7!
I must say I'm not surprised. I was born and raised here and don't have much to complain about. Clean air, beautiful weather & the Aloha Spirit- what more could you ask for? Although our housing prices have traditionally been higher than national averages, the "price we pay to live in paradise" has been worth it.
The "Buck" Stops Here for All Your Real Estate Needs! David E. Buck (RA) at your service! Your local source for information, satisfying his buyers and sellers needs! Servicing all of Oahu, Hawaii.
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