Summer Palace 1848 Kahakai Dr Unit 1504 Honolulu, HI 96814
Kaka'ako Neighborhood
1
Bed
1
Bath
542
Sq Ft
$50/mo
HOA Fee
Highlights
- Ocean View
- Security Guard
- Closed Circuit Camera
- Community Pool
- Card or Code Access
- 2-minute walk to Ala Wai Promenade
About This Home
As of February 2025Welcome to Summer Palace, where urban living blends with island paradise in the heart of Honolulu. This meticulously designed 1-bedroom, 1-bathroom unit spans 542 sq. ft. and features a spacious 106 sq. ft. lanai and one covered parking space, alongside ample guest parking. Nestled adjacent to the Convention Center, it offers captivating views of Ala Wai Canal and the ocean, with Waikiki, Ala Moana Shopping Center, Magic Island, Ala Wai Yacht Harbor and a myriad of dining, shopping and entertainment options just blocks away. Moreover, enjoy the added convenience of the building's proximity to public transportation, facilitating effortless commuting for residents. This pet-friendly property (verify) boasts modern amenities including a washer/dryer, window A/C, dishwasher, new refrigerator, refreshed paint and newly installed vinyl flooring and lighting. Maintenance fees encompass electricity, water, hot water, sewer, with other fees covering for basic cable and internet services. Don't let this rare opportunity slip away - seize your chance to own a slice of paradise in one of Honolulu's most sought-after location. Reach out to your agent today to arrange a private showing!
Last Agent to Sell the Property
Jackie Hasegawa
Coldwell Banker Realty Brokerage Phone: (808) 738-3904 License #RB-20436 Listed on: 02/22/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,700
Year Built
- Built in 1976
HOA Fees
- $50 Monthly HOA Fees
Interior Spaces
- 542 Sq Ft Home
- 1-Story Property
- Ocean Views
- Closed Circuit Camera
Flooring
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Parking
- 1 Parking Space
- Covered Parking
Listing and Financial Details
- Assessor Parcel Number 1-2-3-036-020-0068
Community Details
Overview
- Association fees include common areas, electricity, hot water, sewer, water
- Summer Palace Condos
- Ala Moana Subdivision
Amenities
- Community Barbecue Grill
- Trash Chute
Recreation
- Community Pool
- Recreational Area
Pet Policy
- Call for details about the types of pets allowed
Security
- Security Guard
- Resident Manager or Management On Site
- Card or Code Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 22, 2024
Closed on
Feb 4, 2025
Sold by
Takako Shimomura Revocable Living Trust and Shimomura Takako
Bought by
Maisonet Edona
Seller's Agent
Jackie Hasegawa
Coldwell Banker Realty
Buyer's Agent
Heidi Bertucci
Corcoran Pacific Properties
List Price
$508,000
Sold Price
$388,000
Premium/Discount to List
-$120,000
-23.62%
Total Days on Market
351
Views
29
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,258
Avg. Annual Appreciation
7.27%
Original Mortgage
$278,000
Outstanding Balance
$277,529
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$118,729
Purchase Details
Closed on
Mar 26, 2008
Sold by
Shimomura Takako
Bought by
Shimomura Takako and Takako Shimomura Revocable Living Trust
Purchase Details
Closed on
Apr 17, 1998
Sold by
Central Pacific Bank
Bought by
Shimomura Takako
Similar Homes in Honolulu, HI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Fam | |
| Deed | -- | Fam | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $31,800 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $278,000 | New Conventional | |
| Closed | $278,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/07/2025 02/07/25 | Sold | $388,000 | 0.0% | $716 / Sq Ft |
| 01/08/2025 01/08/25 | Price Changed | $388,000 | -13.4% | $716 / Sq Ft |
| 10/02/2024 10/02/24 | Price Changed | $448,000 | -0.4% | $827 / Sq Ft |
| 09/27/2024 09/27/24 | Price Changed | $450,000 | -11.4% | $830 / Sq Ft |
| 02/22/2024 02/22/24 | For Sale | $508,000 | -- | $937 / Sq Ft |
Source: HiCentral MLS (Honolulu Board of REALTORS®)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $1,700 | $485,700 | $35,600 | $450,100 |
| 2023 | $1,764 | $504,000 | $35,600 | $468,400 |
| 2022 | $1,552 | $443,500 | $32,000 | $411,500 |
| 2021 | $1,553 | $443,600 | $30,500 | $413,100 |
| 2020 | $1,580 | $451,300 | $30,500 | $420,800 |
| 2019 | $1,659 | $474,100 | $30,500 | $443,600 |
| 2018 | $1,551 | $443,100 | $28,300 | $414,800 |
| 2017 | $1,458 | $416,600 | $26,900 | $389,700 |
| 2016 | $1,423 | $406,700 | $31,000 | $375,700 |
| 2015 | $1,374 | $392,700 | $19,800 | $372,900 |
| 2014 | $1,126 | $376,100 | $24,100 | $352,000 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2025
Jackie Hasegawa
Coldwell Banker Realty
-
Gary Hasegawa
G
Seller Co-Listing Agent in 2025
Gary Hasegawa
Coldwell Banker Realty
(808) 738-3904
33 in this area
56 Total Sales
-
Heidi Bertucci
Buyer's Agent in 2025
Heidi Bertucci
Corcoran Pacific Properties
(808) 585-1089
2 in this area
69 Total Sales
About Summer Palace
Map
Source: HiCentral MLS (Honolulu Board of REALTORS®)
MLS Number: 202404063
APN: 1-2-3-036-020-0068
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.
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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