Great Value Hawaii Loa Ridge Luxury Home & Ala Moana Luxury Condo
Welcome to the most popular section of our monthly Hawaii Damon Blog Great Value Hawaii Luxury Real Estate! Currently most of the luxury home neighborhoods on Oahu are experiencing Buyers Markets (defined as having more than 5 months of inventory currently on the market) with average inventory levels at 15.6 months for Oahu luxury home neighborhoods (see Latest Oahu Hawaii Real Estate Statistics). Prices are decreasing (average sales prices for homes are almost 10% less than original asking prices) making it a great time for Buyers to find good value properties in these neighborhoods. Whether you are an investor searching for a great deal or looking to trade up to a luxury home or condo, now we would be great time to purchase a home in a luxury neighborhood in Hawaii. Most median neighborhoods on Oahu in Hawaii are in extreme Sellers markets (complete opposite from luxury home neighborhoods) with prices rapidly increasing. Selling your home in a median neighborhood and trading-up / buying in a luxury neighborhood would be a wise decision. In this section I will feature Hawaii Luxury Real Estate, both Homes & Condos which I think offer especially great value for potential Buyers. This month features 2 properties; one home on Hawaii Loa Ridge and one condo building in Ala Moana.
Hawaii Loa Ridge Home:
338 Puuikena Drive
Value Features:
- Price $2,500,000
- Spectacular Ocean Views, Diamond Head to Koko Head from Master Bedroom Suite.
- Asking Price Below Tax Assessed Value ($2,609,800)
- 4,186 SQF Interior & 12,898 SQF Land
- Split level with 2+ floors
- Conveniently located in the prestigious Hawaii Loa Ridge neighborhood
- Beautifully remodeled in 2011.
Ala Moana One Ala Moana Condominiums (built in 2015):
As of this writing there are 16 units on the market with some as low as 25% less than tax assessed value. Unit 1801 is an example of a 3 bedroom one that offers exceptional value.
Value Features:
- Price $2,050,000
- Beautiful Ocean Views
- Higher 18th Fl.
- 3 Bedroom Unit
- 1,800 SQF of indoor floor space comparable to a single family home.
- Conveniently located behind and above Ala Moana Mall
- 5 Star amenities such as theater, game, massage and wine tasting rooms along with park-like outdoor pool and children’s play areas.
- With many owners selling and new inventory in Ward Village, prices in this building are temporarily decreasing.
- Great value luxury condo buying opportunity near Ala Moana Mall and a short walk to Ala Moana Beach & Park!
If you would like to know more about these properties please contact me (Damon Rhys) for more information. Disclosure: Some properties in this section may be listed by the brokerage firm I work with, Sachi Hawaii. My goal is to give my unbiased opinion on great value Hawaii Real Estate for all brokerage firms on Oahu. In this month the two featured properties are not listed by Sachi Hawaii.
Please check out this sites easy to use Search Tool to find current listings of Hawaii Real Estate now on the market. Homes for sale in Oahu and Condos for sale in Honolulu (Waikiki, Ala Moana, Kakaako, Hawaii Kai etc.) can all be found here using the Hawaii Condo Search or Hawaii Home Search tools.
Aloha!
Damon Rhys