NOT LISTED FOR SALE

The Watermark 1551 Ala Wai Blvd Unit 2703 Honolulu, HI 96815

Waikiki Neighborhood

Estimated Value: $1,284,000 - $1,417,000

2 Beds
2 Baths
1,113 Sq Ft
3.62 Acres

Last Sold March 22, 2022

Last sale price $1,415,000 $1,271 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $7,604/month

91 Days on Market

Highlights

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

About This Home

As of March 2022

Welcome home to your Hawaiian oasis at the luxurious Watermark! Enjoy the cool breeze & unobstructed sunset, ocean, harbor, and city views every day from the large lanai – indoor/outdoor living at its finest. This 2-bed/2-bath unit features Viking appliances, engineered hardwood flooring throughout the unit (no carpet), closet systems, vertical blinds, storage locker & floor-to-ceiling windows. Impeccably maintained & move-in ready. Resort-like amenities include a heated lagoon infinity pool, jacuzzi, fitness center, spacious outdoor bbq cabanas, dry sauna & a library. Located on a quiet street at the edge of Waikiki, steps to Ala Moana Beach Park, Ala Moana Shopping Center, Waikiki Yacht Harbor, Ward Village, tons of dining options, entertainment & more!

Last Agent to Sell the Property

Marisa Tanaka

Coldwell Banker Realty License #RS-79865 Listed on: 11/08/2021

Coldwell Banker Realty

Last Buyer's Agent

Teri Morrissette

Luxury Homes International License #RS-70109

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,646

Year Built

  • Built in 2008

Lot Details

  • Fenced
  • Property is in excellent condition

Property Views

  • City

Home Design

  • Entry on the 27th floor

Interior Spaces

  • 1,113 Sq Ft Home
  • 1-Story Property
  • Furniture Can Be Negotiated
  • Sauna
  • Home Gym

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 2 Covered Spaces
  • Automatic Garage Door Opener
  • Guest Parking
  • Assigned Parking
  • Secure Parking

Outdoor Features

  • Heated Pool
  • Patio
  • Outdoor Grill

Utilities

  • Central Air
  • Cable TV Available

Community Details

Overview

  • High-Rise Condominium
  • The Watermark Condos

Amenities

  • Doorman
  • Trash Chute
  • Meeting Room

Recreation

  • Jogging Path

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,646

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Architectural Style: High-Rise 7+ Stories
  • Building Name: The Watermark
  • Inclusions: AC Central, Auto Garage Door Opener, Cable TV, Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Smoke Detector, Washer
  • PropertyFrontage: Other
  • Prop. Type: Condo/Townhouse
  • Sq Ft RoofedLiving: 1113
  • Fill Sq Ft Total: 1189
  • Stories Type: 21+
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Amenities: BBQ, Doorman, Exercise Room, Heated Pool, Meeting Room, Patio/Deck, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute, Walking/Jogging Path, Wall/Fence, Whirlpool
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Hardwood, Marble/Granite, W/W Carpet
  • Entry Floor: 27
  • Furnished: Negotiable
  • Unit Features: Central AC, Odd# Unit, Single Level

Exterior Features

  • Construction Type: Above Ground, Concrete, Double Wall
  • Flood Zone: Zone AE
  • Property Condition: Excellent
  • View: City, Coastline, Marina/Canal, Ocean, Sunset

Garage/Parking

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

Association/Amenities

  • AssociationFee2Includes: None

Multi Family

  • Maintenance Expense: 1479.44

Tax Info

  • Tax Annual Amount: 6646.20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Mar 3, 2022
Sold by
Sang Lee Donald and Sang Eunkyung
Bought by
Ruef Family Trust
Seller's Agent
Marisa Tanaka
Coldwell Banker Realty
Buyer's Agent
Teri Morrissette
Luxury Homes International
List Price
$1,465,000
Sold Price
$1,415,000
Premium/Discount to List
-$50,000
-3.41%
Current Estimated Value
$1,352,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$62,965
Avg. Annual Appreciation
-1.26%

Purchase Details

Listed on
Aug 8, 2014
Closed on
Nov 12, 2014
Sold by
Kim Chang Sik
Bought by
Lee Donald Sang
Seller's Agent
Jennifer Lee Chong
Lee International Properties
Buyer's Agent
Malia Meenderman
Hawaii House Inc.
List Price
$1,480,000
Sold Price
$1,480,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.61%
Original Mortgage
$700,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Ruef Family Trust -- Old Republic Title
Ruef Family Trust $1,415,000 Old Republic Title
Ruef Family Trust $1,415,000 Old Republic Title
Ruef Family Trust -- Old Republic Title
Lee Donald Sang $1,480,000 Tg
Lee Donald Sang $1,480,000 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Donald Sang $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/22/2022 03/22/22 Sold $1,415,000 -3.4% $1,271 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
11/08/2021 11/08/21 For Sale $1,465,000 0.0% $1,316 / Sq Ft
07/11/2019 07/11/19 Rented $3,800 -5.0% --
06/11/2019 06/11/19 Under Contract -- -- --
05/14/2019 05/14/19 For Rent $4,000 -14.9% --
02/09/2015 02/09/15 Rented $4,700 -4.1% --
01/10/2015 01/10/15 Under Contract -- -- --
12/04/2014 12/04/14 For Rent $4,900 0.0% --
11/25/2014 11/25/14 Sold $1,480,000 0.0% $1,330 / Sq Ft View Prior Sale
10/26/2014 10/26/14 Pending -- -- --
08/08/2014 08/08/14 For Sale $1,480,000 -- $1,330 / 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 $5,234 $1,342,100 $223,200 $1,118,900
2024 $5,234 $1,615,400 $223,200 $1,392,200
2023 $4,299 $1,428,400 $220,200 $1,208,200
2022 $6,586 $1,198,700 $214,100 $984,600
2021 $6,646 $1,204,400 $214,100 $990,300
2020 $5,825 $1,126,200 $201,800 $924,400
2019 $7,520 $1,250,700 $195,700 $1,055,000
2018 $7,520 $1,335,500 $192,700 $1,142,800
2017 $8,015 $1,335,900 $183,500 $1,152,400
2016 $8,336 $1,389,400 $168,200 $1,221,200
2015 $8,580 $1,430,000 $152,900 $1,277,100
2014 $3,383 $1,175,300 $119,200 $1,056,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Marisa Tanaka

    Coldwell Banker Realty

    (808) 596-0456

    1 in this area

    16 Total Sales

    Marisa Tanaka
    Section Image

  • T

    Buyer's Agent in 2022

    Teri Morrissette

    Luxury Homes International

    (808) 797-3344

    9 in this area

    21 Total Sales

    Teri Morrissette
    Section Image

  • G

    Seller's Agent in 2019

    Gavin Toguchi

    Pinnacle Management Group LLC

    (808) 688-6633

    15 Total Sales

    Gavin Toguchi
    Section Image
  • Malia Meenderman

    Seller's Agent in 2015

    Malia Meenderman

    Hawaii House Inc.

    (808) 349-1292

    2 in this area

    23 Total Sales

    Malia Meenderman
    Section Image
  • Jennifer Lee Chong

    Seller's Agent in 2014

    Jennifer Lee Chong

    Lee International Properties

    (808) 391-0206

    7 in this area

    38 Total Sales

    Jennifer Lee Chong
    Section Image
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About The Watermark

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202125879

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-6-011-001-0136

Hawaii Honolulu County Honolulu 96815 Waikiki

1551 Ala Wai Blvd Unit 2703, Honolulu, HI

This home is located at 1551 Ala Wai Blvd Unit 2703, Honolulu, HI 96815 since 08 November 2021 and is currently estimated at $1,352,035, approximately $1,214 per square foot. This property was built in 2008. 1551 Ala Wai Blvd Unit 2703 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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