Just beyond Waikiki at the base of Diamond Head is Honolulu's "Gold Coast". The Gold Coast is the last strip of buildings at the end of Kalakaua Ave. across from Kapiolani Park. Unlike the "hustle & bustle" of Waikiki, the Gold Coast is a little more quiet. The buildings consist of:
- A few hotels such as The New Otani, The Diamond Head Beach Hotel (individually owned as condos) and The Lotus at Diamond Head (formerly a "W" hotel)
- Private Clubs such as the Elk's Club and the Outrigger Canoe Club
- The best oceanfront condos and co-ops on Oahu, the majority of which are now Fee Simple outside of San Souci, The Diamond Head Beach Hotel and a few units in 3003 Kalakaua Ave which are Leasehold.
Right out the front doors of these building offer great swimming, diving and surfing breaks such as Tongg's, Rice Bowls, Old Man's and several others. You've also got Kapiolani Park on the Mauka (mountain side) as I mentioned which is a great spot for outdoor activities and the finish line for the Honolulu Marathon, the Tinman Triathlon, etc. What's also great is the Gold Coast is within walking distance of the Honolulu Zoo, Waikiki Aquarium, and the Waikiki Shell which offers great concerts and entertainment.
If you think the Honolulu's Gold Coast is something that interests you, listings in MLS fall under the Diamond Head neighborhood and start around $100,000 for a leasehold condo at the Diamond Head Beach Hotel and go up to $4.9 million for a unit (entire 6th floor) at 3019 Kalakaua Ave. My grandmother's old penthouse unit at the Diamond Head Apartments sold for $4.5 million a few years ago, which is the highest sale to date. There have however been some other large sales this summer I previously posted about.
We've currently got a listing at the Diamond Head Ambassador priced at $595,000 Fee Simple, which is a 2 bed, 1 bath and priced $265,000 less than the previous owner paid in 2005, which is a great buy! If this or anything else on the Gold Coast interests you, give me a call to live your Hawaii Life on the slopes of Diamond Head.