$499,000
$200K PRICE DROP

Summer Palace 1848 Kahakai Dr Unit 2502 Floor 24 Honolulu, HI 96814

Kakaako Neighborhood

Estimated payment $2,883/month

Total Views 1,259
2 Beds
2 Baths
1,195 Sq Ft
$418 Price per Sq Ft

Highlights

  • Sauna
  • Community Pool
  • Views
  • End Unit
  • Building Patio
  • Security Guard

About This Home

Welcome to ocean-view penthouse living at its best— private and ideally located near everything Honolulu offers. The renovated kitchen means you cook and entertain with ease, refreshed flooring creates a move-in-ready feel, and the updated bathroom saves you the cost and effort of remodeling. An in-unit washer and dryer add daily convenience, while secured covered parking and guest stalls remove the stress of finding a spot. On-site management and security guard provide added confidence when you’re home or away. Your maintenance fee even includes electricity, WiFi, basic cable, and hot water—built-in savings month after month. With only two residences on the floor, you get peace and quiet rarely found in condo living. And with amenities like a pool, BBQ area, sauna, and recreation deck, relaxation and fun are always right downstairs. All of this, just minutes from Ala Moana Beach Park, Ala Moana Center, Waikiki, and Kaka‘ako.

Listing Agent

Dan Ihara

Keller Williams Honolulu Brokerage Phone: (808) 596-2888 License #RS-65892 Listed on: 08/22/2025

Keller Williams Honolulu

Co-Listing Agent

Jarett Kitaoka

Keller Williams Honolulu Brokerage Phone: (808) 596-2888 License #RS-83967

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,364

Year Built

  • Built in 1976

Lot Details

  • End Unit

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Entry on the 24th floor

Interior Spaces

  • 1,195 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Closed Circuit Camera
  • Property Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Guest Parking

Listing and Financial Details

  • Assessor Parcel Number 1-2-3-036-020-0146

Community Details

Overview

  • Association fees include common areas, cable TV, electricity, hot water, internet, sewer, water
  • Summer Palace Condos
  • Ala Moana Subdivision

Amenities

  • Building Patio
  • Community Barbecue Grill
  • Community Deck or Porch
  • Sauna
  • Trash Chute

Recreation

  • Community Pool
  • Recreational Area

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,364

Year Built

Built in 1976

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Architectural Style: High Rise
  • Building Name: SUMMER PALACE
  • Co List Office Mls Id: KWPP
  • Inclusions: AC Window Unit,Cable TV,Dishwasher,Disposal,Drapes,Dryer,Microwave Hood,Microwave,Range/Oven,Refrigerator,Washer
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1976
  • Attribution Contact: (808) 596-2888
  • CommunityFeatures: Barbecue, Community Pool, Deck/Porch, Patio, Recreation Area, Sauna, Trash Chute
  • SecurityFeatures: Closed Circuit Camera(s), Key Card Entry, Security Guard
  • Association Amenities: Management
  • Co List Office Phone: (808) 596-2888
  • MLS Status: Active
  • Subdivision Name: ALA MOANA
  • Entry Level: 24
  • Unit Levels: One
  • Living Area: 1195.0
  • New Construction: No
  • Tax Year: 2025
  • Special Features: None

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Construction Type: Concrete
  • Property Condition: Good Condition
  • View: Canal, Mountain(s)
  • View: Yes
  • Disclosures: Seller Disclosure
  • Common Walls: End Unit

Garage/Parking

  • Parking Features: Guest, Secured
  • Total Parking Spaces: 1.0

Condo/Co-op/Association

  • Association #2 Fee: 50.0

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Electricity, Hot Water, Internet, Sewer, Water

Lot Info

  • Parcel Number: 1-2-3-036-020-0146
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Maintenance Expense: 2028.0

Tax Info

  • Tax Annual Amount: 2364.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,516 $674,500 $44,100 $630,400
2024 $2,516 $718,800 $44,100 $674,700
2023 $2,753 $735,700 $44,100 $691,600
2022 $2,753 $786,500 $39,600 $746,900
2021 $2,614 $746,800 $37,800 $709,000
2020 $2,924 $835,400 $37,800 $797,600
2019 $2,833 $809,500 $37,800 $771,700
2018 $2,788 $796,500 $35,100 $761,400
2017 $2,818 $805,000 $33,300 $771,700
2016 $2,760 $788,600 $38,400 $750,200
2015 $2,499 $713,900 $24,600 $689,300
2014 $2,057 $687,100 $29,800 $657,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2025 11/06/25 Price Changed $499,000 -13.2% $418 / Sq Ft
10/10/2025 10/10/25 Price Changed $575,000 -11.4% $481 / Sq Ft
09/12/2025 09/12/25 Price Changed $649,000 -7.2% $543 / Sq Ft
08/22/2025 08/22/25 For Sale $699,000 0.0% $585 / Sq Ft
03/28/2023 03/28/23 Off Market $3,200 -- --
03/27/2023 03/27/23 Rented $3,200 0.0% --
03/17/2023 03/17/23 For Rent $3,200 -- --
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Limited Warranty Deed $500,000 --
Interfamily Deed Transfer -- --
Deed $324,000 --
Warranty Deed $47,200 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $255,000 No Value Available
Previous Owner $252,500 No Value Available
Previous Owner $277,500 No Value Available
Source: Public Records

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202517266

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-3-036-020-0146