Well, if you have not heard yet, the Ilikai is going through a little bit of a transitionary struggle. Before purchasing in the Ilikai you may want to read up on www.Ilikaiowners.com. The Ilikai has been a focal point of Waikiki for decades, and now it's sad to see that the building is falling into conditions that would make any owner more than a little irate.
I happened to walk through the Ilikai on behalf of some clients a short time back and noticed that a good majority of the shops on the main floor have been vacated and shut down. I walked through the lobby this past weekend and was shocked when I saw even more shops shut down. On top of that I read the parking is now going up to $225 per month. These are just a sample of the issues at the Ilikai right now.
There are currently 47 properties for sale in the Ilikai and of that 47 there are two that are in escrow. On top of that From Jan. 1, 2008 to the present of May 13, 2008 there have been only an anemic 8 sales in the building this year.
I've included some links of those properties for sale and sold in the Ilikai. They will be good for 30 days. After that they will expire and no longer work. If you read this blog more than 30 days after I post it please feel free to email me and let me know. I will send you an updated link. The link below has been updated since this blog was done (the link is good until 8/25/08).
CMA Page
Customer Full Page
If you are thinking of purchasing in the Ilikai you may want to do a little more investigating before going forward. I have don't know how long you'll have to wait for the Ilikai to turn around, but if it is still something you are looking to purchase I would like the opportunity to be your agent. If you would like to look at any other property on Oahu I would be able to help you as well.
Brought to you by: Rob Gerichs - RE/MAX Honolulu
Going Above and Beyond
(808) 284-4441 ~ www.HawaiiRob.com ~ Rob@HawaiiRob.com
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