Ala Wai Mansion Condo

2029 Ala Wai Boulevard 504, Honolulu, Oahu 96815 Get Directions

$223,500

 

Bedrooms
2
Full Baths
2
Total SqFt
1,186
Lot Size Area
9,932 SqFt
Land Tenure
Fee Simple
MLS #
202018837
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Overview

First time EVER available at Ala Wai Mansion and possibly the only time selling! Here's your chance to purchase the lease-fee interest in a building! This is for the LAND ONLY underneath the building. As an owner of the lease-fee interest you receive monthly lease-rent payments, a step-up every 10 years (increasing 2021), and the actual condo unit at the end of the leasehold terms in 2051! Leasehold owner pays ownership costs: maintenance, real property tax, and homeowner's insurance. Showroom example (Unit #703) available by appointment ONLY, Sunday 2-5 PM, 8/9 & 8/16. Do NOT go on property otherwise. Prospectus sheet for additional information available by request.

Property Details

Building Name
Ala Wai Mansion
Construction Materials
Concrete
Floor Number
5
Flooring
Other
Neighborhood
Waikiki
Parking Total
1
Property Type
Condo/Townhouse
Living Area SqFt
896
Lanai Open SqFt
290
Total SqFt
1,186
Status
Active
Unit Features
Single Level
Year Built
1971

Additional Property Info

Disclosures
Call Listor
Days on Market
70
Fee Purchase
$218,000
Flood Zone
Zone AO
Lease Expiration Date
12/31/2050
Lease Fee Month
$253
Lease Renegotiation Date
01/01/2021
Maintenance Expense
$1,020
Property Condition
Average
Tax Amount
$144
Tax Assessed Value
$495,100
Tax Assessed Value Improvements
$409,000
Tax Assessed Value Land
$86,100
Zoning
X2 - Apartment Precinct

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Listing Courtesy of Coldwell Banker Realty Courtesy of Mikiko Terahira, Coldwell Banker Realty.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2024 by HiCentral MLS, Ltd.

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