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Ala Wai Plaza

Ala Wai Plaza

Ala Wai Plaza
Condominium Building
500 University Ave
Honolulu, HI 96826
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

349 Units
25 Stories
1970 Year Built
$413K - $1.2M Value Range

Available Units

For Sale
For Rent

Highlights

  • Ocean View
  • Fitness Center
  • Golf Course View
  • Home fronts a canal
  • Clubhouse
  • 1 min walk to Ala Wai Neighborhood Park

Iconic high-rise living in the heart of Honolulu

Ala Wai Plaza stands as a prominent fixture in Honolulu's skyline, offering residents a blend of urban convenience and island living. Completed in 1970, this 25-story condominium tower houses 349 units, providing a variety of living options for those seeking a central location in the vibrant McCully-Mo'ili'ili neighborhood. The building's simple, modern design features a symmetrical facade with evenly spaced windows, reflecting the architectural trends of its era while maintaining a timeless appeal. With its prime location and sweeping views of the Ala Wai Canal, Waikiki, and Diamond Head, Ala Wai Plaza has become a sought-after address for those looking to embrace the dynamic energy of Honolulu.

Versatile layouts with panoramic views

Ala Wai Plaza offers a diverse range of floor plans to suit various lifestyles and needs. The building features units ranging from cozy 532-square-foot one-bedroom apartments to expansive 2,450-square-foot three-bedroom residences. One-bedroom units, priced from $430,000 to $1,513,406, provide an ideal entry point for first-time buyers or those seeking a pied-à-terre in the city. Two-bedroom units, spanning 1,120 to 1,736 square feet with 2 to 3 bathrooms, are available from $525,000 to $750,786. These spacious layouts often feature split-level designs, offering a townhouse feel within a high-rise setting. The largest offerings are the three-bedroom units, measuring 1,427 to 1,736 square feet with 2 to 3 bathrooms, and priced from $760,000 to $1,050,000. Many units have undergone extensive renovations, boasting modern finishes such as quartz countertops, stainless steel appliances, and luxury vinyl plank flooring. Large windows and private lanais are common features, allowing residents to enjoy stunning views of Diamond Head, the Ala Wai Canal, and the Waikiki skyline. Some units offer the rare advantage of two assigned parking spaces, a coveted amenity in urban Honolulu. In-unit washers and dryers are standard in many apartments, adding convenience to daily life. The building's single-loaded design ensures excellent cross-ventilation, with cool mountain breezes flowing through the units, often eliminating the need for air conditioning. However, many renovated units come equipped with split AC systems for added comfort. Monthly HOA fees range from $200 to $300, covering maintenance, common expenses, and a special assessment for recent improvements to the building's infrastructure.

Resort-inspired amenities with panoramic views

Ala Wai Plaza offers an array of amenities designed to enhance the living experience of its residents. The crown jewel is the observation deck, providing breathtaking views of the Ala Wai Canal, Waikiki Beach, and Diamond Head. This vantage point becomes particularly spectacular on Friday evenings when residents can enjoy fireworks displays illuminating the night sky. For fitness enthusiasts, the building features a well-equipped fitness center with modern exercise equipment. After a workout, residents can cool off in the pristine swimming pool or relax on the enclosed pool deck, surrounded by lush tropical landscaping. The secluded BBQ area provides an ideal spot for outdoor gatherings and social events. The building also boasts a recreation room and party room, perfect for hosting larger gatherings or community events. A meeting room is available for residents who need a quiet space for work or study. Bicycle and surfboard storage facilities cater to the active Hawaiian lifestyle, while a dedicated car wash area helps residents keep their vehicles in top condition. Security is a top priority at Ala Wai Plaza, with 24-hour security personnel and a fob entry system ensuring peace of mind for all residents. The on-site resident manager and professional staff are available to address any concerns and maintain the building's high standards. Additional conveniences include a library for book lovers and storage units for residents needing extra space.

A vibrant urban community with a rich cultural heritage

Ala Wai Plaza is situated in the dynamic McCully-Mo'ili'ili neighborhood, an area known for its energetic urban appeal and multicultural atmosphere. This historic district, which dates back to pre-Western contact, has evolved into a diverse community that seamlessly blends Hawaiian traditions with influences from Japanese immigrants who settled in the area in the late 1800s. The neighborhood's central location puts residents within easy reach of Honolulu's most popular attractions. The world-famous Waikiki Beach is just a short distance away, offering sun, surf, and endless entertainment options. For those who prefer retail therapy, the Ala Moana Shopping Center, one of the largest open-air shopping malls in the world, is within easy reach. This retail paradise boasts over 350 stores and restaurants, catering to every taste and budget. Food enthusiasts will appreciate the diverse culinary scene surrounding Ala Wai Plaza. The area is dotted with an eclectic mix of dining options, from local Hawaiian fare to international cuisines. Nearby South King Street and Kalakaua Avenue are lined with restaurants offering Japanese, Thai, and Middle Eastern dishes. For a quick bite, popular chains like Raising Cane's and Jack in the Box are conveniently located. Nature lovers and outdoor enthusiasts will find plenty to enjoy in the vicinity. The Ala Wai Canal, just steps from the building, provides a scenic route for jogging or leisurely walks. The nearby Ala Wai Community Park offers additional recreational facilities, including baseball fields, tennis courts, and a golf course. For those seeking a more challenging outdoor experience, the iconic Diamond Head State Monument, with its popular hiking trail, is just a short drive away. The neighborhood also boasts a rich cultural scene. The Japanese Cultural Center of Hawai'i and the Mo'ili'ili Community Center serve as pillars of the community, offering educational programs and hosting events that celebrate the area's diverse heritage. The annual Mo'ili'ili Summer Fest, centered around the tradition of Obon, is a highlight of the community calendar, drawing residents and visitors alike to honor past generations and enjoy local festivities.

Convenient access to public transit and major thoroughfares

Ala Wai Plaza's central location provides residents with excellent transportation options, making it easy to navigate Honolulu and beyond. The building's proximity to major bus routes ensures convenient access to public transit. The Kapiolani Bl & University Ave bus stop, just a five-minute walk away, serves several key routes including the City Express! A, Kaimuki-Pearl Harbor, and Kaimuki-Salt Lake lines. These routes connect residents to downtown Honolulu, Pearl Harbor, and other important destinations across the island. For those who prefer to cycle, the neighborhood's high bike score reflects its excellent infrastructure for cyclists. The flat terrain and dedicated bike lanes make it easy and safe to explore the area on two wheels. Many residents find that biking is an efficient and enjoyable way to commute or run errands in the surrounding neighborhoods. While the area is highly walkable, with many amenities and services within easy reach on foot, having a car can be advantageous for exploring the island's more remote areas. Ala Wai Plaza's location provides quick access to major thoroughfares, including the H-1 freeway, facilitating easy travel to other parts of Honolulu and beyond. For air travel, the Daniel K. Inouye International Airport is approximately 9 miles away, typically reachable in about 20 minutes by car, depending on traffic conditions. The building's car-friendly amenities, including assigned parking spaces and a car wash area, make vehicle ownership convenient for residents. However, the excellent public transportation options and walkable nature of the neighborhood mean that car ownership is not a necessity for many residents, providing flexibility in transportation choices to suit various lifestyles and preferences.

Available Condos

No units matching this criteria are available right now.

Building Details

Views

  • Ocean
  • Golf Course
  • City
  • Garden

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Recreational Area

Outdoor Features

  • Home fronts a canal
  • Building Patio
  • Community Barbecue Grill
  • Community Deck or Porch

Amenities

  • Clubhouse
  • Meeting Room
  • Recreation Room
  • Community Storage Space
  • Security Guard
  • Resident Manager or Management On Site
  • Card or Code Access

Parking

  • 1 Parking Garage Space Per Unit
  • 1 Car Garage
  • Guest Parking
  • Open Parking
  • Assigned Parking

Pet Policy

  • Call for details about the types of pets allowed

Condo Association

  • $82 Monthly HOA Fees
  • Monthly HOA Fees Range from $217 - $941
  • Association fees include common areas, cable TV, hot water, internet, sewer, water
  • Ala Wai Plaza Condos
  • Kapiolani Subdivision

Building Design

  • Trash Chute
  • Secure Elevator

Activity

Views

69

Unit Information

Beds
2 Beds
1 Bed
1 Bed
3 Beds
2 Beds
Baths
2.5 Baths
1 Bath
1 Bath
2.5 Baths
2.5 Baths
Sq Ft
1,120
532
532
1,432
1,736
Price
$616,500
$435,000
$430,000
$849,000
$1,175,000
Price / Sq Ft
$550 / Sq Ft
$818 / Sq Ft
$808 / Sq Ft
$593 / Sq Ft
$677 / Sq Ft
List Date
05/31/2025
07/21/2025
11/25/2024
01/17/2025
05/19/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
1,572
Est. Values
$1,157,512
1 Bedroom Units
Sq Ft Range
532 - 2,450
Est. Values
$412,764 - $1,157,512
2 Bedroom Units
Sq Ft Range
1,120 - 1,736
Est. Values
$570,079 - $1,157,512
3 Bedroom Units
Sq Ft Range
1,427 - 1,736
Est. Values
$737,887 - $1,109,243
All Units
Sq Ft Range
532 - 2,450
Est. Values
$412,764 - $1,157,512

Map

Area Factors

Biker's Paradise

Bike Score®

93 / 100

Very Walkable

Walk Score®

84 / 100

Good Transit

Transit Score®

67 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

--

Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$418K - $1.1M
Range of Taxes in Building
$874 - $2,972
Range of Taxes per Sq Ft
$1.23 - $3.97

Property Tax History

Source: Public Records

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Building Team

Developer
BUSINESS INVESTMENTS
Property Management
Hawaiiana
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