$1,558,000 - $2,481,017
RENTED JAN 29, 2025

The Watermark 1551 Ala Wai Blvd Unit 1905 Honolulu, HI 96815

Waikiki Neighborhood
3 Beds
3.5 Baths
2,198 Sq Ft
$954 Price per Sq Ft

Highlights

  • Concierge
  • Coastline Views
  • Heated Pool
  • Fitness Center
  • 24-Hour Security
  • Clubhouse

About This Home

As of January 2025

"The Watermark" condo is located in the heart of Waikiki and Ala Moana beach, Magic Island, Park, and Shopping center. Resort-style amenities include a recreation deck with a heated pool, outdoor Jacuzzi, Exercise room, Sauna, Barbecue areas, beautiful courtyard, and pond. WiFi in common areas, meeting room, concierge service, and 24 hr security.

Fully Furnished. NO PET/NO SMOKING. 3 parking slots comes with the unit. Rent: $9,000/month. Cable, Internet, Water, Amenity use included in the monthly rent. General Excise Tax (4.712%) and Electricity are tenant’s responsibility. Actual electricity usage will be billed every month. Security Deposit is one month rent ($9,000).

Last Agent to Rent the Property

Sachiko Safran

Moana Realty LLC Brokerage Email: sachikosafran2449@gmail.com License #RS-80408 Listed on: 01/15/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,287

Year Built

  • Built in 2008

Lot Details

  • Property is in excellent condition
  • Zoning described as X2 - Apartment Precinct

Property Views

  • City

Interior Spaces

  • 2,198 Sq Ft Home
  • 3-Story Property
  • Bookcases
  • Drapes & Rods
  • Blinds
  • Fire and Smoke Detector

Kitchen

  • Convection Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Dual Sinks

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Garage
  • Assigned Parking

Outdoor Features

  • Heated Pool
  • Lanai

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $9,000
  • Property Available on 1/15/25
  • Home warranty included in the sale of the property
  • Tenant pays for tax
  • Rent includes parking
  • 6 Month Lease Term
  • Assessor Parcel Number 1-2-6-011-001-0096

Community Details

Overview

  • Waikiki Subdivision

Amenities

  • Concierge
  • Community Barbecue Grill
  • Sauna
  • Trash Chute
  • Clubhouse
  • Meeting Room

Recreation

  • Fitness Center
  • Community Spa
  • Recreational Area

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • Secure Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,287

Year Built

Built in 2008

Lot Details

0

Rental Info

  • Lease Term: 6 Months
  • Available Date: 2025-01-15

Listing Details

  • Architectural Style: High Rise
  • Building Name: The Watermark
  • Prop. Type: Residential Lease
  • Year Built: 2008
  • Attribution Contact: sachikosafran2449@gmail.com
  • CommunityFeatures: Barbecue, Concierge, Clubhouse, Conference/Meeting Room, Fitness, Property Manager On-Site, Pool, Recreation Area, Sauna, Trash Chute
  • Road Frontage Type: Other
  • NAV29_Unit_1_Appliances: Convection Oven, Dryer, Dishwasher, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Washer
  • SecurityFeatures: Elevator Secured, 24 Hour Security, Key Card Entry, Smoke Detector(s), Security Guard
  • Association Amenities: Concierge, Management
  • Pets Allowed: No
  • MLS Status: Closed
  • Subdivision Name: WAIKIKI
  • Interior Features: Bookcases, Dual Sinks, Double Vanity, Granite Counters, Pantry, Cable TV, Window Treatments
  • Unit Levels: Three Or More
  • Living Area: 2198.0
  • Window Features: Blinds, Drapes
  • Security Deposit: 9000.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Furnished: Furnished
  • Spa Features: Community
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Lot Features: Private
  • Pool Features: Heated
  • Property Condition: Excellent
  • View: Coastline, City, Other
  • View: Yes
  • Disclosures: No Smoking
  • Home Warranty: Yes
  • Common Walls: End Unit
  • Patio And Porch Features: Lanai

Garage/Parking

  • Parking Features: Assigned, Covered, Garage, Three or more Spaces, Garage Door Opener, Parking Available
  • Total Parking Spaces: 3.0
  • Attached Garage: Yes

Utilities

  • Utilities: Cable Available, Sewer Available, Trash Collection, Water Available
  • Cooling: Central Air
  • Cooling Y N: Yes

Condo/Co-op/Association

  • HOA Rent Includes: Parking

Lot Info

  • Parcel Number: 1-2-6-011-001-0096
  • Zoning Description: X2 - Apartment Precinct

Multi Family

  • Tenant Pays: Other Tax

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2008
Sold by
Lee Dong Jae and Lee Soon Kwi
Bought by
Lee Dong Jae and Lee Soon Kwi
Current Estimated Value
$2,085,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$651,072
Interest Rate
5.75%
Mortgage Type
Unknown
Estimated Equity
$1,499,288
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lee Dong Jae -- Tg
Lee Dong Jae $1,995,000 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Dong Jae $1,000,000
Closed Lee Dong Jae $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2025 01/29/25 Rented $8,000 -11.1% --
01/15/2025 01/15/25 For Rent $9,000 +5.9% --
07/20/2020 07/20/20 Rented $8,500 +13.3% --
06/20/2020 06/20/20 Under Contract -- -- --
03/15/2019 03/15/19 For Rent $7,500 -- --
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,287 $2,408,700 $454,100 $1,954,600
2024 $15,287 $1,990,100 $454,100 $1,536,000
2023 $17,791 $2,970,500 $447,900 $2,522,600
2022 $17,791 $2,265,800 $435,400 $1,830,400
2021 $15,792 $2,075,400 $435,400 $1,640,000
2020 $18,203 $2,305,000 $410,500 $1,894,500
2019 $18,787 $2,360,700 $398,100 $1,962,600
2018 $18,766 $2,585,100 $391,900 $2,193,200
2017 $18,917 $2,601,900 $373,200 $2,228,700
2016 $16,150 $2,691,600 $342,100 $2,349,500
2015 $16,325 $2,720,900 $311,000 $2,409,900
2014 $6,001 $3,187,300 $242,400 $2,944,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Landlord's Agent in 2025

    Sachiko Safran

    Moana Realty LLC

    (808) 691-0895

    5 in this area

    8 Total Sales

    Section Image
  • Christine Kim

    Seller's Agent in 2020

    Christine Kim

    H2O Watermark Pacific Prop LLC

    (808) 285-4357

    8 in this area

    29 Total Sales

    Section Image
See All Agents

About The Watermark

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202502015

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-6-011-001-0096

Hawaii Honolulu County Honolulu 96815 Waikiki

1551 Ala Wai Blvd Unit 1905, Honolulu, HI

This home is located at 1551 Ala Wai Blvd Unit 1905, Honolulu, HI 96815 since 15 January 2025 and is currently priced at $2,097,339. This property was built in 2008. 1551 Ala Wai Blvd Unit 1905 is a home located in Honolulu County with nearby schools including President Thomas Jefferson Elementary School, President George Washington Middle School, and Kaimuki High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

HiCentral MLS (Honolulu Board of REALTORS®) Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd

Nearby Homes