NOT LISTED FOR SALE

The Watermark 1551 Ala Wai Blvd Unit 2601 Honolulu, HI 96815

Waikiki Neighborhood

Estimated Value: $1,280,000 - $1,531,000

2 Beds
2 Baths
1,196 Sq Ft
$1,174/Sq Ft Est. Value

Last Sold March 29, 2018

Last sale price $1,325,000 $1,108 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,416/month

Highlights

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

About This Home

As of March 2023

LUXURY LIVING at the Watermark! This unit is FULLY FURNISHED, just bring your suitcase! Beautifully furnished, amazing panoramic views of the city, ocean, canal, mountains and more! IDEAL parking located on the ground floor for easy access to building! Pool has been recently renovated & the common grounds gives it a resort like feeling. Walking distance to Waikiki, Ala Moana Beach Park, Ala Moana Shopping Center, shopping & other restaurants! Location is EVERYTHING! It truly doesn't get any better than this! Move-in ready and available now! NOTE THIS PRICE IS FOR LONG-TERM RENTAL, PLEASE INQUIRE FOR SHORT-TERM PRICING (3-5 months).

Last Agent to Rent the Property

Jennifer Lee Chong

Lee International Properties License #RB-20882 Listed on: 01/09/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,702

Year Built

  • Built in 2008

Lot Details

  • Private Yard
  • Property is in excellent condition

Property Views

  • City
  • Mountain
  • Garden

Interior Spaces

  • 1,196 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Blinds
  • Sauna
  • Home Gym
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Guest Parking
  • Assigned Parking
  • Secure Parking

Outdoor Features

  • Heated Pool
  • Patio
  • Lanai
  • Outdoor Grill

Schools

  • Ala Wai Elementary School
  • Washington Middle School
  • Kaimuki High School

Utilities

  • Central Air
  • Internet Available
  • Cable TV Available

Community Details

Overview

  • High-Rise Condominium

Amenities

  • Trash Chute
  • Meeting Room

Recreation

  • Jogging Path

Security

  • Security Guard
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,702

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: 1196
  • Fill Sq Ft Total: 1264
  • Stories Type: One
  • Year Built: 2008
  • Attribution Contact: (808) 951-5558
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Amenities: BBQ, Exercise Room, Heated Pool, Meeting Room, Patio/Deck, Pool on Property, Private Yard, Resident Manager, Sauna, Security Guard, Trash Chute, Walking/Jogging Path, Whirlpool
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Hardwood, Marble/Granite
  • Furnished: Full
  • Unit Features: AC Central, Auto Garage Door Opener, Blinds, Cable TV, Dishwasher, Disposal, Dryer, Kitchenware, Lanai, Linens, Microwave, Range Hood, Range/Oven, Refrigerator, Smoke Detector, Washer

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned, Covered - 2, Garage, Guest, Secured Entry
  • Total Parking Spaces: 2

Utilities

  • Utilities: Cable, Internet, Sewer, Water

Schools

  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • Elementary School: Ala Wai
  • High School: Kaimuki
  • Middle Or Junior School: Washington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2018
Closed on
Mar 22, 2018
Sold by
Michaelis Steven Mark and Michaelis Sally Jane
Bought by
Park Yong Seok
Seller's Agent
Jonathan Ford
Honolulu Property Finds
Buyer's Agent
Charles Shin
HI Choice Realty
List Price
$1,395,000
Sold Price
$1,325,000
Premium/Discount to List
-$70,000
-5.02%
Current Estimated Value
$1,403,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,606
Avg. Annual Appreciation
0.77%

Purchase Details

Closed on
Sep 19, 2009
Sold by
Belletto Eugene Joseph and Martinez Gilbert
Bought by
Michaelis Steven Mark and Michaelis Sally Jane
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
Park Yong Seok $1,325,000 Or
Michaelis Steven Mark $1,070,000 Tg
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2023 03/28/23 Off Market $5,500 -- --
03/27/2023 03/27/23 Rented $5,200 -5.5% --
01/09/2023 01/09/23 For Rent $5,500 0.0% --
03/29/2018 03/29/18 Sold $1,325,000 -5.0% $1,108 / Sq Ft View Prior Sale
02/27/2018 02/27/18 Pending -- -- --
01/24/2018 01/24/18 For Sale $1,395,000 -- $1,166 / 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 $11,702 $1,422,600 $240,100 $1,182,500
2024 $11,702 $1,675,600 $240,100 $1,435,500
2023 $10,571 $1,576,400 $236,800 $1,339,600
2022 $3,824 $1,281,000 $230,200 $1,050,800
2021 $7,253 $1,262,200 $230,200 $1,032,000
2020 $6,471 $1,187,700 $217,100 $970,600
2019 $8,082 $1,305,600 $210,500 $1,095,100
2018 $8,082 $1,398,000 $207,200 $1,190,800
2017 $8,391 $1,398,500 $197,300 $1,201,200
2016 $8,729 $1,454,800 $180,900 $1,273,900
2015 $9,029 $1,504,900 $164,500 $1,340,400
2014 $3,674 $1,296,800 $128,200 $1,168,600
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Lee Chong

    Landlord's Agent in 2023

    Jennifer Lee Chong

    Lee International Properties

    (808) 391-0206

    7 in this area

    38 Total Sales

    Jennifer Lee Chong
    Section Image

  • J

    Seller's Agent in 2018

    Jonathan Ford

    Honolulu Property Finds

    (808) 343-0851

    9 in this area

    29 Total Sales

    Jonathan Ford
    Section Image
  • Charles Shin

    Buyer's Agent in 2018

    Charles Shin

    HI Choice Realty

    (808) 372-2482

    6 in this area

    46 Total Sales

    Charles Shin
    Section Image
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About The Watermark

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202300515

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-6-011-001-0128

Hawaii Honolulu County Honolulu 96815 Waikiki

1551 Ala Wai Blvd Unit 2601, Honolulu, HI

This home is located at 1551 Ala Wai Blvd Unit 2601, Honolulu, HI 96815 since 09 January 2023 and is currently priced at $1,403,606. This property was built in 2008. 1551 Ala Wai Blvd Unit 2601 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.

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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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