NOT LISTED FOR SALE

The Watermark 1551 Ala Wai Blvd Unit 3405 Honolulu, HI 96815

Waikiki Neighborhood

Estimated Value: $2,222,000 - $3,271,000

3 Beds
3.5 Baths
2,198 Sq Ft
3.62 Acres

Last Sold November 24, 2023

Last sale price $3,000,000 $1,365 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $15,740/month

264 Days on Market

Highlights

  • Concierge
  • Heated Pool
  • Clubhouse
  • Ocean View
  • Sauna
  • Marble Flooring

About This Home

As of November 2023

Enjoy the quiet elegance of the Watermark.
The hustle & bustle is just outside your front gate.
Meanwhile...relax, and take in the "Zen like" atmosphere of the grounds.
This condo is only 1 of 16, 3 Bed 3.5 Bath homes with 2,198 Sq Ft, ,2 lanais and
it comes with 4 parking stalls. PRICE REDUCTION!

Last Agent to Sell the Property

Doug Weber

Locations LLC License #RS-67571 Listed on: 03/05/2023

Last Buyer's Agent

Takako McMillen

CENTURY 21 Hawaiian Style License #RB-21075

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,804

Year Built

  • Built in 2008 | Remodeled in 2014

Lot Details

  • Fenced
  • Property is in excellent condition

Property Views

  • City
  • Mountain
  • Diamond Head
  • Garden

Home Design

  • Entry on the 34th floor
  • Slab Foundation
  • Masonry

Interior Spaces

  • 2,198 Sq Ft Home
  • 1-Story Property
  • Drapes & Rods
  • Blinds
  • Storage
  • Sauna
  • Home Gym

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Parking

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

Outdoor Features

  • Heated Pool
  • Patio
  • Outdoor Grill

Schools

  • Jefferson Elementary School
  • Washington Middle School
  • Kaimuki High School

Utilities

  • Central Air
  • Water Heater
  • Cable TV Available

Community Details

Overview

  • High-Rise Condominium
  • The Watermark Condos

Amenities

  • Concierge
  • Trash Chute
  • Clubhouse
  • Meeting Room
  • Recreation Room
  • Community Storage Space

Recreation

  • Jogging Path

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,804

Year Built

Built in 2008 | Remodeled in 2014

Lot Details

0

Listing Details

  • Architectural Style: High-Rise 7+ Stories
  • Building Name: The Watermark
  • Inclusions: AC Central, Auto Garage Door Opener, Blinds, Cable TV, Dishwasher, Disposal, Drapes, Dryer, Intercom, Microwave Hood, Microwave, Range Hood, Range/Oven, Refrigerator, Security System, Washer, Water Heater
  • PropertyFrontage: Other
  • Prop. Type: Condo/Townhouse
  • Sq Ft RoofedLiving: 2198
  • Fill Sq Ft Total: 2354
  • Stories Type: 21+
  • Year Built: 2008
  • Year Renovated: 2014
  • Attribution Contact: (808) 735-4200
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Amenities: BBQ, Club House, Concierge, Exercise Room, Fire Sprinkler, Heated Pool, Meeting Room, Patio/Deck, Pool on Property, Recreation Area, Recreation Room, Resident Manager, Sauna, Security Guard, Storage, Trash Chute, Walking/Jogging Path, Wall/Fence, Whirlpool
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Ceramic Tile, Marble/Granite, W/W Carpet
  • Entry Floor: 34
  • Furnished: None
  • Unit Features: Bedroom on 1st Level, Central AC, Corner/End, Full Bath on 1st Floor, Odd# Unit, Single Level, Storage

Exterior Features

  • Construction Type: Concrete, Double Wall, Masonry/Stucco, Slab
  • Flood Zone: Zone AE
  • Property Condition: Excellent
  • View: City, Coastline, Diamond Head, Garden, Marina/Canal, Mountain, Ocean, Sunrise, Sunset

Garage/Parking

  • Parking Features: Assigned, Covered - 3+, Guest, Secured Entry
  • Total Parking Spaces: 4

Association/Amenities

  • AssociationFee2Includes: None

Schools

  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • Elementary School: Jefferson
  • High School: Kaimuki
  • Middle Or Junior School: Washington

Multi Family

  • Maintenance Expense: 3175.00

Tax Info

  • Tax Annual Amount: 18804.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2023
Closed on
Nov 15, 2023
Sold by
Rainbow Pine Tree Investments Llc
Bought by
Lester H Kaneta And Marian M Kaneta Trust and Kaneta
Seller's Agent
Doug Weber
Locations LLC
Buyer's Agent
Takako McMillen
CENTURY 21 Hawaiian Style
List Price
$3,600,000
Sold Price
$3,000,000
Premium/Discount to List
-$600,000
-16.67%
Current Estimated Value
$2,719,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$280,004
Avg. Annual Appreciation
-5.03%

Purchase Details

Listed on
Mar 5, 2023
Closed on
Nov 10, 2023
Sold by
Rainbow Pine Tree Investments Llc
Bought by
Lester H Kaneta And Marian M Kaneta Trust and Kaneta
Seller's Agent
Doug Weber
Locations LLC
Buyer's Agent
Takako McMillen
CENTURY 21 Hawaiian Style
List Price
$3,600,000
Sold Price
$3,000,000
Premium/Discount to List
-$600,000
-16.67%

Purchase Details

Listed on
Mar 21, 2014
Closed on
May 12, 2014
Sold by
Cho Hyun Sang
Bought by
Rainbow Pine Tree Investments Llc
Seller's Agent
Hanako Hata
Starts International HI, Inc.
Buyer's Agent
Reid Okumura
Heyer & Associates LLC
List Price
$3,299,000
Sold Price
$3,500,000
Premium/Discount to List
$201,000
6.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.60%

Purchase Details

Closed on
May 21, 2008
Sold by
Ala Wai Watermark Development Llc
Bought by
Berman Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.87%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
Lester H Kaneta And Marian M Kaneta Trust -- Tge
Lester H Kaneta And Marian M Kaneta Trust -- Tge
Rainbow Pine Tree Investments Llc $3,500,000 Tg
Rainbow Pine Tree Investments Llc $3,500,000 Tg
Berman Martin $1,229,066 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Berman Martin $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/24/2023 11/24/23 Sold $3,000,000 -9.1% $1,365 / Sq Ft
09/19/2023 09/19/23 Price Changed $3,300,000 -8.3% $1,501 / Sq Ft
03/05/2023 03/05/23 For Sale $3,600,000 +2.9% $1,638 / Sq Ft
05/15/2014 05/15/14 Sold $3,500,000 +6.1% $1,592 / Sq Ft View Prior Sale
04/15/2014 04/15/14 Pending -- -- --
03/21/2014 03/21/14 For Sale $3,299,000 -- $1,500 / 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 $15,663 $2,659,600 $454,100 $2,205,500
2024 $15,663 $2,023,100 $454,100 $1,569,000
2023 $26,842 $3,003,700 $447,900 $2,555,800
2022 $18,801 $2,362,000 $435,400 $1,926,600
2021 $21,589 $2,627,500 $435,400 $2,192,100
2020 $25,228 $2,974,100 $410,500 $2,563,600
2019 $26,489 $3,094,200 $398,100 $2,696,100
2018 $25,307 $3,311,900 $391,900 $2,920,000
2017 $25,526 $3,336,200 $373,200 $2,963,000
2016 $20,788 $3,464,600 $342,100 $3,122,500
2015 $20,533 $3,422,200 $311,000 $3,111,200
2014 $6,542 $3,279,200 $242,400 $3,036,800
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Doug Weber

    Locations LLC

    (808) 799-9983

    39 in this area

    59 Total Sales

    Doug Weber
    Section Image

  • T

    Buyer's Agent in 2023

    Takako McMillen

    CENTURY 21 Hawaiian Style

  • Hanako Hata

    Seller's Agent in 2014

    Hanako Hata

    Starts International HI, Inc.

    (808) 947-2280

    87 in this area

    190 Total Sales

    Hanako Hata
    Section Image

  • J

    Seller Co-Listing Agent in 2014

    Joy Nakagawa

    Starts International HI, Inc.

    (808) 947-2280

    1 in this area

    2 Total Sales

    Joy Nakagawa
    Section Image

  • R

    Buyer's Agent in 2014

    Reid Okumura

    Heyer & Associates LLC

    (808) 692-0060

    3 in this area

    24 Total Sales

    Reid Okumura
    Section Image
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About The Watermark

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202303433

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-6-011-001-0177

Hawaii Honolulu County Honolulu 96815 Waikiki

1551 Ala Wai Blvd Unit 3405, Honolulu, HI

This home is located at 1551 Ala Wai Blvd Unit 3405, Honolulu, HI 96815 since 05 March 2023 and is currently estimated at $2,719,996, approximately $1,237 per square foot. This property was built in 2008. 1551 Ala Wai Blvd Unit 3405 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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