I have included the previous article along with the updated announcement that the Cove Waikiki is officially sold out. The ground breaking ceremony was a night to celebrate!!

Web Version  |  Update preferences  |  Unsubscribe     Like     Tweet     Forward       Info   •   Sold Out!   •   The Cove Waikiki Ground Breaking   •   The Condo Market Takes the Spotlight   •   Dynamic Market Prices     CONTACT   The Cove Waikiki The Cove Waikiki is Hawaii’s newest residential community for those who want to live in the heart of Honolulu. Located near world-class shopping, schools, beaches and parks, The Cove Waikiki is your destination for life.     Sold Out! We are thrilled to announce that the Cove residences are all sold out!  What a wonderful mix of homeowners it has turned out to be, with owners  from Oahu and the outer islands, the Mainland US, Australia, Japan, China, Canada, and many others. It’s truly a melting pot.   The Cove Waikiki Ground Breaking   It was a night to celebrate the ground breaking and the project sell out.  It was also a time to say goodbye to the Sales Center to make way for construction.   Homeowner Alex Naumu assists the blessing of the site and the starting of construction.  Visit the Cove Website for more photos of the celebration   The Condo Market Takes the Spotlight Oahu’s condo market continued its surge in February with an increase in sales prices and sales volume. The Median Sales Price of a condo on Oahu marched to its highest level in two years — to $340,000. With inventory in this segment down nearly 27 percent, and affordability high, the condo market’s slow but steady monthly increases are a sign of market strength.   Dynamic Market Prices Median Days on the Market for condos were also down significantly in February — from 43 days a year ago to 34 days last month. The reduced number of active listings — from 1,807 in Feb. 2012 to 1,316 last month — also likely contributed to the bump up in condo prices.

Home : Blogs : Lila Marino-Camacho, RA - Windward Oahu (Kailua-Kaneohe) & Relocation Specialist : Lila Marino-Camacho, RA - Windward Oahu (Kailua-Kaneohe) & Relocation Specialist's Blog inShare The Cove Waikiki-New Condominium Living in Waikiki! (edit/delete) The Cove Waikiki - This is your opportunity to buy a new condo in Waikiki at affordable prices sold by Coldwell Banker Pacific Properties. Brand new 1 & 2 bedroom residences in a great location in Waikiki between the Discovery Bay and The Windsor. Gorgeous finishes, many units with high ceilings, all set in a lush landscaped garden setting. Don't miss this opportunity for presales!     Oahu Real Estate Market The Oahu real estate market had some very positive news in 2011. The number of condo sales in Waikiki is up 10.7% over 2010, and the average sales price is up 5.4%.  The days on market are down 16.7% which means that properties are selling quicker than they were in the previous year. The number of available condos on all of Oahu is at the lowest it’s been since 2005. That’s another great reason to purchase at the Cove Waikiki. You lock in your purchase at today’s prices. Interest rates have been incredible and indications look like the Federal Reserve will keep interest rates favorable until 2013.   Featured Residence B-404   This 829 square foot 2 bedroom, 2 bath comfortable residence is a great place to plant your flag in Waikiki. Find out more about this residence and others at the Cove Waikiki. Please call Lila at (808) 341-6034   The Details The Cove Waikiki features 117 residential condominium residences. Sizes range from 561 sf one bedroom residences to 925 sf two bedroom residences. With residences priced from $350,000 the Cove Waikiki offers one of the best value options for new condominium living in Waikiki. With its community pool, BBQs and ample parking, the Cove Waikiki will be a perfect place to live and play.

My Favorite Waikiki Condos:  Waikiki Shore

Waikiki Shore is a Fee Simple hotel/cooperative and is the only only condominium in Waikiki in which you walk out the back door and you're on the beach!You can’t ask for better, unobstructed views of the Pacific Ocean and Waikiki.With such a prime tourist location and high occupancy rates, this is an ideal building for vacation rentals.Located on the edge of Ft. DeRussy Park, although Waikiki Shore lacks amenities, the park offers acres of open space, public tennis courts, racquet ball, barbeque grills, exercise stations and more.

View Waikiki Shore Building Configuration and Floor Plans

View Photos of Waikiki Shore

View Current Condos for sale in Waikiki Shore

My Favorite Waikiki Condominium Buildings: Trump Tower Waikiki

Trump Tower and Hotel is located at the corner of Kalia Road and Saratoga Road, adjacent to Fort De Russy Park, now the cornerstone of the new $1 Billion Beach Walk Redevelopment Project.Trump Tower Waikiki offers full ownership condominiums complimented by an amazing full service luxury hotel and residences on the shores of Waikiki. A full range of floor plans is available from studios to penthouses, complimented by an architectural design of sophistication and elegance. The building reaches 38 stories, and also includes 6,500 square feet of dining and retail space as a part of the billion dollar Waikiki Beach Walk revitalization.

One, two and three bedroom configurations are available and range from 350 square feet to 3,000 square feet in size.

Owners are offered all the comforts of a personal residence combined with the services and amenities of a 5-Star luxury hotel including: a full service spa, front desk assistance, room service, concierge, housekeeping, restaurants, a lushly landscaped pool, fitness center and breath-taking ocean and park views! Construction started in early 2007, and was complete November 2009.

View Trump Tower Waikiki Building Configuration and Floor Plans

View Photos of Trump Tower Waikiki

View Current Condos for sale in Trump Tower Waikiki

Owning a Waikiki Hotel Condo (Condotel) Part 3

Hotel Condominiums, also known as condotels, are quite popular in Waikiki. If you are the owner of a unit in a hotel condominium, you can use it for your own personal use, and rent it out as a hotel room when you are not using it. Hotel Condominiums uniquely can be rented out nightly.

Luxury hotel condos that have ocean-front view:

• Trump Tower Waikiki
• Waikiki Beach Tower

View Details about and Curent Listings in Trump Tower Waikiki

View Details about and Current Listings in Waikiki Beach Tower

There are many, many other Condos in Waikiki, including other Hotel Condos and traditional condos in many price ranges.

View Details about and Current Listings of other Waikiki Condos

Owning a Waikiki Hotel Condo (Condotel) Part 2

Hotel Condominiums, also known as condotels, are quite popular in Waikiki. If you are the owner of a unit in a hotel condominium, you can use it for your own personal use, and rent it out as a hotel room when you are not using it. Hotel Condominiums uniquely can be rented out nightly.

Here are some of the popular hotel condos in Waikiki that offer at least one bedroom and a full kitchen.

• Ilikai Hotel (starting from $298,000)
• Luana Waikiki (starting from $469,000)
• Regency on Beachwalk (starting from $385,000)
• Trump Tower Waikiki (starting from $948,000)
• Waikiki Banyan (starting from from $255,000 for Leasehold and from $369,000 for Fee Simple)
• Waikiki Beach Tower (starting from $1,025,000)
• Waikiki Sunset (starting from from $265,000 for Leasehold)

Most of these hotel condos above have a full kitchen with a full-size refrigerator, full-size range with oven, and sink. Owners can live in these units full time or as a long vacation stay.

View Current Listings in these Select Waikiki Hotel Condo Buildings

Waikiki Condotel with Excellent Income for Sale in the Aqua Bamboo Hotel at 2425 Kuhio Ave ,Unit 802, Honolulu, HI 96815.........$184,900

2425 Kuhio Ave ,Unit 802, Honolulu, HI 96815 (MLS # 1208414)

(all data current as of 10/3/2012)

 

Income earning condotel in the beautiful Bamboo Spa Hotel in the heart of Waikiki. Excellent location. One block easy walk to the beach, restaurants, shopping, sunsets and all that Waikiki has to offer. Peek-a-boo ocean view, quiet side of the building. Sellers willing to pay all assessments with a full price offer which translates to great hotel income. Ask for income and expense statements.

Property Type(s): Condo/TownHouse

Features

Additional Rooms Amenities Building Style Floor Covering Frontage Inclusions landtenure Mnt Fee Included Parking Property Condition Property Type Security Unit Feature View

Open Lanai

Community Laundry, Exercise Room, Patio/Deck, Pool, Recreation Area, Sauna, Security Guard, Trash Chute, Whirlpool

High-Rise 7+ Stories

Ceramic Tile, W/W Carpet

Other

AC Central, CeilingFan, Drapes, Kitchenware, Linens, Microwave, Other, Refrigerator

FS

AC Central, Cable TV, Electricity, Hot Water, Sewer, Water

None

Excellent

Condo/TownHouse

Key, Security Patrol

Central AC, Even# Unit, Single Level

City, Ocean, Sunset

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with East Oahu Realty, Inc.

(view all details for MLS #1208414)

Read More About the Aqua Bamboo Hotel in Waikiki

Owning a Condotel in Waikiki, Honolulu

There are a number of things to consider when thinking about buying and owning a vacation rental property on Oahu. These properties can include Condos, Condo Hotels, as well as Luxury Homes.

Condos and Condo Hotels: Some believe that condos that allow daily rental, such as Condo Hotels (also known as Condotels), provide the greatest income potential, but are labor intensive. Others believe that using the 30-day minimum model still offers good income potential and less hassle and wear and tear. Others prefer to self manage, while some would much rather procure a very good vacation property manager.

Here is a brief summary of those kinds of properties and respective buildings:

Condo Hotels (Condotels):
For best revenue, these buildings offer the most (select any link below to view current listings of condos for sale)

Trump Tower Waikiki (Waikiki)

Diamond Head Beach Hotel (Diamond Head Gold Coast)

Condo Hotels (Condotels):
Lower priced condotels in popular buildings are worthy of consideration as well. (select any link below to view current listings of condos for sale)

Ilikai Apartments (Waikiki)

Luana Waikiki (Waikiki)

Pacific Monarch (Waikiki)

Palms at Waikiki (Waikiki)

Regency on Beachwalk (Waikiki)

Waikiki Banyan (Waikiki)

Waikiki Beach Tower (Waikiki)

Waikiki Shore (Waikiki)

Waikiki Sunset (Waikiki)

Read more about "Buying a Vacation Rental Property on Oahu"

View our Newly Listed Condotel for Sale at Aqua Bamboo, right in the heart of Central Waikiki!