$659,000
$10K PRICE DROP

Ala Wai Plaza 500 University Ave Unit 509 Honolulu, HI 96826

McCully-Mō'ili'ili Neighborhood

Estimated payment $4,032/month

Total Views 1,099
2 Beds
2.5 Baths
1,120 Sq Ft
$588 Price per Sq Ft

Highlights

  • Fitness Center
  • 6,941,983 Sq Ft lot
  • Wood Flooring
  • City View
  • Clubhouse
  • 1-minute walk to Ala Wai Neighborhood Park

About This Home

PRICE ADJUSTED!! Live a piece of TV History in a stunning renovated Ala Wai Plaza Gem designed by world-famous architect Cesar Pelli. Hawaii Five-0 3x21 Imi loko ka'uhane was partly filmed in this unit. Experience the perfect blend of iconic design, modern luxury, and unbeatable convenience in this split-level 2-bedroom and 2 and half bath. Step inside and be immediately captivated by the freshly and extensively renovated interiors. From all-new plumbing and electrical outlets to brand-new appliances and stylish new Hawaiian Koa flooring. The thoughtfully designed open kitchen on the main level flows seamlessly into the expansive living area, perfect for entertaining. A convenient half bath completes this downstairs living space. Upstairs has 2 bedrooms and 2 full bathrooms. For added safety, the stairs feature brand-new carpeting.
Amenities include a swimming pool, a well-equipped gym, a party room for gatherings, and convenient bike and surfboard storage. The monthly fee is one of the lowest based on per sq ft, includes spectrum premium cable internet, hot water, and sewerage.
Minutes away from UH, the vibrant energy of Waikiki, and the Ala Moana Mall. Pet-friendly building.

Listing Agent

Dinesh Timilsina

RE/MAX Honolulu Brokerage Email: realtordinesh.tim@gmail.com License #RS-84296 Listed on: 05/25/2025

RE/MAX Honolulu

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,088

Year Built

  • Built in 1970

HOA Fees

  • $218 Monthly HOA Fees

Interior Spaces

  • 1,120 Sq Ft Home
  • Multi-Level Property
  • Wood Flooring
  • City Views

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 1 Parking Space
  • Open Parking
  • Assigned Parking

Listing and Financial Details

  • Assessor Parcel Number 1-2-7-013-002-0066

Community Details

Overview

  • Association fees include hot water, internet, sewer, water
  • Ala Wai Plaza Condos
  • Kapiolani Subdivision

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,088

Year Built

Built in 1970

Lot Details

0

HOA Fees

$218 per month

Listing Details

  • Architectural Style: High Rise
  • Building Name: Ala Wai Plaza
  • Inclusions: Ceiling Fan,Dishwasher,Disposal,Drapes,Dryer,Microwave,Range/Oven,Refrigerator,Smoke Detector,Washer
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1970
  • Attribution Contact: realtordinesh.tim@gmail.com
  • CommunityFeatures: Clubhouse, Community Pool, Fitness, Pool
  • Road Frontage Type: Other
  • SecurityFeatures: Key Card Entry, Security Guard
  • Association Amenities: Management
  • MLS Status: Active
  • Subdivision Name: KAPIOLANI
  • Entry Level: 5
  • Unit Levels: Multi/Split
  • Living Area: 1120.0
  • New Construction: No
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Flooring: Carpet, Hardwood
  • Furnished: Unfurnished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Construction Type: Concrete
  • Property Condition: Good Condition
  • View: City
  • View: Yes
  • Disclosures: See Remarks

Garage/Parking

  • Parking Features: Assigned, One Space
  • Total Parking Spaces: 1.0
  • Open Parking: Yes

Condo/Co-op/Association

  • Association #2 Fee: 218.0

Fee Information

  • Association Fee Includes: Hot Water, Internet, Sewer, Water

Lot Info

  • Parcel Number: 1-2-7-013-002-0066
  • Zoning Description: 13 - A-3 High Density Apartment

Multi Family

  • Maintenance Expense: 760.0

Tax Info

  • Tax Annual Amount: 2088.0

Map

About Ala Wai Plaza

Range of Values:

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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 $2,092 $615,800 $96,400 $519,400
2024 $2,092 $597,700 $96,400 $501,300
2023 $2,042 $583,500 $91,300 $492,200
2022 $1,959 $559,600 $88,000 $471,600
2021 $1,761 $503,100 $84,600 $418,500
2020 $1,400 $499,900 $84,600 $415,300
2019 $1,577 $530,700 $77,800 $452,900
2018 $1,593 $535,000 $69,300 $465,700
2017 $1,609 $539,600 $66,000 $473,600
2016 $1,609 $539,700 $59,200 $480,500
2015 $1,517 $513,300 $59,200 $454,100
2014 $1,598 $497,000 $67,000 $430,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 Price Changed $659,000 -1.5% $588 / Sq Ft
05/25/2025 05/25/25 For Sale $669,000 -- $597 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Deed $425,000 Fam
Limited Warranty Deed $500,000 Pat
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,000 Adjustable Rate Mortgage/ARM
Closed $200,000 Credit Line Revolving
Closed $70,000 Credit Line Revolving
Closed $337,500 New Conventional
Closed $340,000 New Conventional
Previous Owner $395,876 Fannie Mae Freddie Mac
Source: Public Records

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See All Homes in Honolulu

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202512781

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-013-002-0066

Hawaii Honolulu County Honolulu 96826 McCully-Mō'ili'ili

500 University Ave Unit 509, Honolulu, HI

This home is located at 500 University Ave Unit 509, Honolulu, HI 96826 and is currently priced at $659,000, approximately $588 per square foot. This property was built in 1970. 500 University Ave Unit 509 is a home located in Honolulu County with nearby schools including Ala Wai 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.

HiCentral MLS (Honolulu Board of REALTORS®) 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

Nearby Homes
Dinesh Timilsina
Listing Agent
Dinesh Timilsina
Section Image
RE/MAX Honolulu
(808) 736-3789