NOT LISTED FOR SALE

The Watermark 1551 Ala Wai Blvd Unit 604 Honolulu, HI 96815

Waikiki Neighborhood

Estimated Value: $1,196,949 - $1,279,000

2 Beds
2 Baths
1,113 Sq Ft
$1,290/mo HOA Fee

Last Sold April 18, 2019

Last sale price $900,000 $809 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $8,742/month

206 Days on Market

Highlights

  • Ocean View
  • Gated Community
  • Wood Flooring
  • Fitness Center
  • Home fronts a canal
  • Sauna

About This Home

As of April 2019

Luxury living at its finest in the beautiful Watermark condominium! 2 bed, 2 bath, 2 parking with storage unit. Enjoy peaceful treetop, city, ocean views from your unit with floor to ceiling windows! Hardwood engineered flooring throughout with custom built-in closets, & motorized blinds! Must see unit & move-in ready! The watermark is a unique and special resort-style complex has over 4 acres of grounds with excellent amenities: a lagoon style pool, Jacuzzi, sauna, BBQ, cabanas, library, exercise room, gazebos, mini river, sitting areas, lush landscaping and a concierge. A nice quiet location in the world famous Waikiki easy to get on Ala Moana Blvd, walking distance to beaches, restaurants, bank, post office, Waikiki Yacht Club, hotels and Ala Moana Center etc. Must see vitual tour.

Last Agent to Sell the Property

Charles Shin

HI Choice Realty License #RB-20507 Listed on: 08/25/2018

Last Buyer's Agent

Miho O'Grady

Drop - 2023 License #RB-20258

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,120

Year Built

  • Built in 2008

Lot Details

  • Home fronts a canal
  • Fenced
  • Property is in excellent condition

HOA Fees

  • $1,290 Monthly HOA Fees

Property Views

  • City
  • Garden

Home Design

  • Entry on the 6th floor
  • Brick Exterior Construction

Interior Spaces

  • 1,113 Sq Ft Home
  • 1-Story Property
  • Furniture Can Be Negotiated
  • Closed Circuit Camera

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Covered Parking

Schools

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

Utilities

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 1-2-6-011-001-0029

Community Details

Overview

  • Association fees include cable TV, internet, sewer, water
  • The Watermark Condos
  • Waikiki Subdivision

Amenities

  • Building Patio
  • Community Barbecue Grill
  • Community Deck or Porch
  • Sauna
  • Trash Chute
  • Meeting Room
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Spa
  • Recreational Area
  • Trails

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Card or Code Access
  • Secure Elevator
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,120

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,290 per month

Listing Details

  • Architectural Style: High Rise
  • Building Name: The Watermark
  • Inclusions: AC Central,Auto Garage Door Opener,Blinds,Cable TV,Convection Oven,Dishwasher,Disposal,Drapes,Dryer,Microwave Hood,Range/Oven,Refrigerator,Security System,Smoke Detector,Washer
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 2008
  • CommunityFeatures: Barbecue, Conference/Meeting Room, Deck/Porch, Fitness, Patio, Pool, Recreation Area, Sauna, Storage Facilities, Trails/Paths, Trash Chute, Gated
  • Fencing: Fenced, Wall
  • Road Frontage Type: Canal
  • SecurityFeatures: Closed Circuit Camera(s), Elevator Secured, Gated Community, Key Card Entry, Security Guard
  • Association Amenities: Management
  • Pets Allowed: Call
  • MLS Status: Closed
  • Subdivision Name: WAIKIKI
  • Entry Level: 6
  • Interior Features: Bedroom on Main Level, Full Bath on Main Level
  • Unit Levels: Three Or More, One
  • Living Area: 1113.0
  • New Construction: No
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Flooring: Ceramic Tile, Hardwood, Laminate, Marble
  • Furnished: Negotiable
  • Spa Features: Community
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Stories: 1

Exterior Features

  • Construction Type: Brick, Double Wall, Concrete
  • Property Condition: Excellent, Updated/Remodeled
  • View: Canal, City, Garden, Mountain(s), Ocean, Sunset
  • View: Yes
  • Disclosures: 1031 Exchange, Seller Disclosure

Garage/Parking

  • Parking Features: Covered, Two Spaces
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association Fee: 1290.0

Fee Information

  • Association Fee Includes: Cable TV, Internet, None, Sewer, Water

Schools

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

Lot Info

  • Parcel Number: 1-2-6-011-001-0029
  • Zoning Description: X2 - Apartment Precinct

Multi Family

  • Maintenance Expense: 1290.0

Tax Info

  • Tax Annual Amount: 3120.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2018
Closed on
Mar 4, 2019
Sold by
Han Pius Kwang Soo and Han Jung Hak Lee
Bought by
Han Young Soo and Han Hyung Sook
Seller's Agent
Charles Shin
HI Choice Realty
Buyer's Agent
Miho O'Grady
Drop - 2023
List Price
$990,000
Sold Price
$900,000
Premium/Discount to List
-$90,000
-9.09%
Current Estimated Value
$1,235,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,487
Avg. Annual Appreciation
4.99%
Original Mortgage
$400,000
Outstanding Balance
$347,787
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$887,700

Purchase Details

Listed on
Jan 23, 2013
Closed on
Feb 12, 2013
Sold by
Choi Sung Taik
Bought by
Ham Pius Kwang Soo and Han Jung Hak Lee
Seller's Agent
Jennifer Lee Chong
Lee International Properties
Buyer's Agent
Jennifer Lee Chong
Lee International Properties
List Price
$915,000
Sold Price
$900,000
Premium/Discount to List
-$15,000
-1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Closed on
Oct 22, 2008
Sold by
Choi Sung Taik and Shin Tae Soon
Bought by
Choi Sung Taik

Purchase Details

Closed on
May 29, 2008
Sold by
Ala Wai Watermark Development Llc
Bought by
Choi Sung Taik and Shin Tae Soon
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
Han Young Soo -- Fhtc
Han Young Soo -- Fhtc
Ham Pius Kwang Soo -- Tg
Ham Pius Kwang Soo -- Tg
Choi Sung Taik -- Tg
Choi Sung Taik $924,000 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Han Young Soo $400,000
Closed Han Young Soo $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/18/2019 04/18/19 Sold $900,000 -9.1% $809 / Sq Ft
03/19/2019 03/19/19 Pending -- -- --
08/25/2018 08/25/18 For Sale $990,000 +10.0% $889 / Sq Ft
01/23/2013 01/23/13 Sold $900,000 -1.6% $809 / Sq Ft View Prior Sale
01/23/2013 01/23/13 For Sale $915,000 -- $823 / 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 $10,753 $1,274,700 $223,200 $1,051,500
2024 $10,753 $1,592,400 $223,200 $1,369,200
2023 $3,420 $1,181,900 $220,200 $961,700
2022 $3,420 $977,200 $214,100 $763,100
2021 $3,413 $975,000 $214,100 $760,900
2020 $4,633 $1,012,700 $201,800 $810,900
2019 $3,114 $964,900 $195,700 $769,200
2018 $3,114 $889,800 $192,700 $697,100
2017 $3,128 $893,800 $183,500 $710,300
2016 $6,509 $1,084,900 $168,200 $916,700
2015 $6,178 $1,029,700 $152,900 $876,800
2014 $3,002 $913,600 $119,200 $794,400
Source: Public Records

Agents Affiliated with this Home

  • Charles Shin

    Seller's Agent in 2019

    Charles Shin

    HI Choice Realty

    (808) 372-2482

    6 in this area

    46 Total Sales

    Charles Shin
    Section Image

  • M

    Buyer's Agent in 2019

    Miho O'Grady

    Drop - 2023

    Section Image
  • Jennifer Lee Chong

    Seller's Agent in 2013

    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: 201822229

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-6-011-001-0029

Hawaii Honolulu County Honolulu 96815 Waikiki

1551 Ala Wai Blvd Unit 604, Honolulu, HI

This home is located at 1551 Ala Wai Blvd Unit 604, Honolulu, HI 96815 since 25 August 2018 and is currently estimated at $1,235,487, approximately $1,110 per square foot. This property was built in 2008. 1551 Ala Wai Blvd Unit 604 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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