NOT LISTED FOR SALE

The Watermark 1551 Ala Wai Blvd Unit 2503 Honolulu, HI 96815

Waikiki Neighborhood

Estimated Value: $1,248,000 - $1,450,000

2 Beds
2 Baths
1,113 Sq Ft
$1,204/Sq Ft Est. Value

Last Sold December 08, 2017

Last sale price $1,200,000 $1,078 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,029/month

Highlights

  • Concierge
  • Heated Pool
  • Marble Flooring
  • Ocean View
  • Sauna
  • Whirlpool Bathtub

About This Home

As of August 2021

Fully furnished 2 bedroom 2 bath unit with 2 covered parking stalls at the gorgeous luxury condo The Watermark. Walking distance to Ala Moana and Waikiki. 24/7 security and front desk, keyed elevator, pool, sauna, jacuzzi, exercise room, BBQ deck, recreation area, patio/deck, meeting room. Pets allowed. No smoking. Rent includes electricity, central AC, hot water, sewer, basic cable and internet.

Last Agent to Rent the Property

JiHyun Maeng

Lee International Properties License #RS-76751 Listed on: 12/11/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,990

Year Built

  • Built in 2008

Lot Details

  • Property is in excellent condition

Property Views

  • City

Interior Spaces

  • 1,113 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Drapes & Rods
  • Blinds
  • Sauna
  • Home Gym
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Automatic Garage Door Opener

Outdoor Features

  • Heated Pool
  • Patio
  • Outdoor Grill

Utilities

  • Central Air
  • Internet Available
  • Cable TV Available

Community Details

Overview

  • High-Rise Condominium

Amenities

  • Concierge
  • Trash Chute
  • Meeting Room

Recreation

  • Pool Services

Security

  • Security Guard
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,990

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Architectural Style: High-Rise 7+ Stories
  • Building Name: the watermark
  • Prop. Type: Rental
  • Sq Ft RoofedLiving: 1113
  • Fill Sq Ft Total: 1189
  • Stories Type: One
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Amenities: BBQ, Concierge, Exercise Room, Heated Pool, Meeting Room, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile, Hardwood, Marble/Granite
  • Furnished: Full
  • Unit Features: AC Central, Auto Garage Door Opener, Blinds, Cable TV, Dishwasher, Disposal, Drapes, Dryer, Microwave Hood, Microwave, Range/Oven, Refrigerator, Smoke Detector, Washer

Exterior Features

  • Flood Zone: Zone AE
  • Property Condition: Excellent
  • View: City, Ocean

Garage/Parking

  • Parking Features: Covered - 1
  • Total Parking Spaces: 2

Utilities

  • Utilities: AC Central, Cable, Electricity, Hot Water, Internet, Parking, Pool Service, Sewer, Trash, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2017
Closed on
Nov 30, 2017
Sold by
Lee Hui Liang
Bought by
Kim Young Ki and Son Sook Hee
Seller's Agent
Loren Graham
eXp Realty
Buyer's Agent
Douglas Fegenbush
HI Choice Realty
List Price
$1,249,000
Sold Price
$1,200,000
Premium/Discount to List
-$49,000
-3.92%
Current Estimated Value
$1,340,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,407
Avg. Annual Appreciation
1.42%

Purchase Details

Closed on
Jul 28, 2008
Sold by
Zimmerman Leonard Martin and Okabayashi Gary Shigeto
Bought by
Zimmerman Leonard and Okabayashi Gary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$943,000
Interest Rate
6.05%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 10, 2008
Sold by
Ala Wai Watermark Development Llc
Bought by
Lee Hui Liang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$943,000
Interest Rate
6.05%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Kim Young Ki -- Fam
Kim Young Ki $1,200,000 Fam
Kim Young Ki $1,200,000 Fam
Kim Young Ki -- Fam
Zimmerman Leonard -- None Available
Lee Hui Liang $1,207,633 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Hui Liang $943,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2021 08/01/21 Rented $4,500 0.0% --
07/02/2021 07/02/21 Under Contract -- -- --
12/11/2020 12/11/20 For Rent $4,500 0.0% --
12/08/2017 12/08/17 Sold $1,200,000 -3.9% $1,078 / Sq Ft View Prior Sale
11/08/2017 11/08/17 Pending -- -- --
10/05/2017 10/05/17 For Sale $1,249,000 -- $1,122 / Sq Ft
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 $10,990 $1,335,500 $223,200 $1,112,300
2024 $10,990 $1,613,200 $223,200 $1,390,000
2023 $6,011 $1,426,100 $220,200 $1,205,900
2022 $6,104 $1,191,900 $214,100 $977,800
2021 $6,622 $1,202,100 $214,100 $988,000
2020 $5,801 $1,123,900 $201,800 $922,100
2019 $7,319 $1,226,900 $195,700 $1,031,200
2018 $7,319 $1,313,200 $192,700 $1,120,500
2017 $4,318 $1,313,600 $183,500 $1,130,100
2016 $4,496 $1,364,500 $168,200 $1,196,300
2015 $4,654 $1,409,600 $152,900 $1,256,700
2014 $3,065 $1,168,600 $119,200 $1,049,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2021

    JiHyun Maeng

    Lee International Properties

    (808) 951-5558

    1 in this area

    6 Total Sales

    JiHyun Maeng
    Section Image

  • L

    Seller's Agent in 2017

    Loren Graham

    eXp Realty

    (808) 349-6210

    12 in this area

    67 Total Sales

    Loren Graham
    Section Image

  • O

    Seller Co-Listing Agent in 2017

    Osamu Fukuda

    Sky Realty LLC

    (808) 428-6084

    10 in this area

    35 Total Sales

    Osamu Fukuda
    Section Image

  • D

    Buyer's Agent in 2017

    Douglas Fegenbush

    HI Choice Realty

    (808) 545-4989

    4 Total Sales

    Douglas Fegenbush
    Section Image
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About The Watermark

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202024278

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-6-011-001-0125

Hawaii Honolulu County Honolulu 96815 Waikiki

1551 Ala Wai Blvd Unit 2503, Honolulu, HI

This home is located at 1551 Ala Wai Blvd Unit 2503, Honolulu, HI 96815 since 11 December 2020 and is currently priced at $1,340,407. This property was built in 2008. 1551 Ala Wai Blvd Unit 2503 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

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