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Friday, February 14, 2014

Open House Pick Of The Week: Kapiolani

Inventory is still pretty tight, especially in metro Honolulu, unless you want to pay for it. This new listing, however, caught my eye: it’s large, centrally located, and has an unusually good price for a townie pad.

OK, the real reason this 1,147-sqare-foot Royal Iolani condo unit is just $450,000: It’s leasehold. If that works for you, it's a great deal for that size and location. (By comparison, my own unit is half the size and would probably sell for about the same price.) If the leasehold tenure is a problem, the fee is available for $362,560.

The unit has two bedrooms, two bathrooms, huge lanais totaling more than 300 square feet, and views of Diamond Head, the golf course, Waikiki and the ocean (sort of), all of which are pretty good since the place is on the 32nd floor. The kitchen and baths have been renovated and—important for condo dwellers—you get central air conditioning and storage.

You also get one parking stall. The building’s other amenities include a barbecue area, exercise room, heated pool, recreation area, sauna, whirlpool and security. And, bonus, it’s pet-friendly.

This listing has been on the market just three days and will have its first open house this Sunday. Click here for more details.

Happy house hunting!

Money talk: $450,000 leasehold
Contact: Tracy Yamato, Coldwell Banker Pacific Properties, 808-372-2274, tracyy@cbpacific.com
MLS#: 201402001

Posted on Friday, February 14, 2014 in Permalink

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About This Page

Honolulu Real Estate focuses on the Hawaii housing market, condos and homes for sale, Hawaii rentals and general news about real estate in Hawaii. It also includes stories on apartment living, home decor and profiles.

Melissa Chang graduated from the University of Hawaii with a degree in journalism and has been blogging since 2007, mostly on food and travel. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.


Jaymes Song is a real estate agent at Prudential Advantage Realty in Kahala. Jaymes is in the top 7 percent of Prudential agents nationwide. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawaii and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job of being dad to two curious kids.

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