NOT LISTED FOR SALE

The Watermark 1551 Ala Wai Blvd Unit 1505 Honolulu, HI 96815

Waikiki Neighborhood

Estimated Value: $1,807,000 - $2,409,458

3 Beds
3.5 Baths
2,199 Sq Ft
3.62 Acres

Last Sold April 09, 2024

Last sale price $1,999,999 $910 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $13,629/month

73 Days on Market

Highlights

  • Concierge
  • Property is near a marina
  • Marble Flooring
  • Ocean View
  • Sauna
  • <<bathWithWhirlpoolToken>>

About This Home

As of April 2024

"The Watermark" Luxury condo offers an unbeatable location in the heart of Waikiki and Ala Moana, with convenient access to beaches, parks, and shopping. The resort-style amenities include a heated saltwater pool, outdoor jacuzzi, exercise room, sauna, barbecue areas, a beautiful courtyard, and pond, providing a relaxing and luxurious lifestyle. With WiFi in common areas, a meeting room, concierge service, and 24-hour security, residents can enjoy a seamless living experience. The fully furnished unit boasts 2,200 sq. ft. of interior space, along with two large lanais, perfect for soaking in the stunning sunset views. Additionally, the unit comes with 4 assigned parking spaces and storage, making it a practical choice for residents. It's move-in ready, requiring only a suitcase to begin enjoying the upscale living experience. Don't forget to click on the film icon to view the Virtual Tour for a more immersive glimpse into this exceptional property.

Last Agent to Sell the Property

Mimi Yi

The Agency-Oahu License #RB-20937 Listed on: 01/27/2024

The Agency-Oahu

Last Buyer's Agent

sarah cho

Michael Moran & Associates License #RS-76408

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,352

Year Built

  • Built in 2008

Lot Details

  • Property is in excellent condition

Parking

  • 3 Covered Spaces

Property Views

Interior Spaces

  • 2,199 Sq Ft Home
  • 1-Story Property
  • Furniture Can Be Negotiated
  • Chandelier
  • Blinds
  • Sauna
  • Home Gym

Kitchen

  • Oven or Range
  • <<builtInMicrowave>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • <<bathWithWhirlpoolToken>>

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property is near a marina
  • Outdoor Grill

Utilities

  • Central Air
  • Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include maintenance
  • High-Rise Condominium
  • The Watermark Condos

Amenities

  • Concierge
  • Trash Chute
  • Community Storage Space

Recreation

  • Jogging Path

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,352

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Architectural Style: High-Rise 7+ Stories
  • Building Name: The Watermark
  • Inclusions: AC Central, Blinds, Cable TV, Chandelier, Dishwasher, Disposal, Dryer, Kitchenware, Linens, Microwave Hood, Range/Oven, Refrigerator, Smoke Detector, Washer, Water Heater
  • PropertyFrontage: Marina, Other
  • Prop. Type: Condo/Townhouse
  • Sq Ft RoofedLiving: 2199
  • Fill Sq Ft Total: 2349
  • Stories Type: 21+
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Amenities: BBQ, Concierge, Condo Association Pool, Exercise Room, Recreation Area, Resident Manager, Sauna, Security Guard, Storage, Trash Chute, Walking/Jogging Path, Whirlpool
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Hardwood, Marble/Granite, W/W Carpet
  • Entry Floor: 15
  • Furnished: Negotiable
  • Unit Features: Central AC, Single Level

Exterior Features

  • Construction Type: Other
  • Flood Zone: Zone AE
  • Property Condition: Excellent, Above Average
  • View: Coastline, Marina/Canal, Ocean, Sunset

Garage/Parking

  • Parking Features: Covered - 3+
  • Total Parking Spaces: 4

Association/Amenities

  • AssociationFee2Includes: Maintenance

Multi Family

  • Maintenance Expense: 3301.99

Tax Info

  • Tax Annual Amount: 26352.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2024
Sold by
Nimo Llc
Bought by
Allgire Richard Reynolds and Allgire Mi Ok
Current Estimated Value
$2,169,365

Purchase Details

Listed on
Jan 27, 2024
Closed on
Apr 4, 2024
Sold by
Cypress Germanium Inc
Bought by
Nimo Llc
Seller's Agent
Mimi Yi
The Agency-Oahu
Buyer's Agent
sarah cho
Michael Moran & Associates
List Price
$2,450,000
Sold Price
$1,999,999
Premium/Discount to List
-$450,001
-18.37%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%

Purchase Details

Closed on
Sep 20, 2017
Sold by
Park Dong Won
Bought by
Cypress Germanium Inc
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
Allgire Richard Reynolds -- Accommodation/Courtesy Recordi
Nimo Llc -- Premier Title
Nimo Llc -- Premier Title
Cypress Germanium Inc $2,550,000 Or
Cypress Germanium Inc $2,550,000 Or
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2024 04/09/24 Sold $1,999,999 -18.4% $910 / Sq Ft
01/27/2024 01/27/24 For Sale $2,450,000 0.0% $1,114 / Sq Ft
01/20/2022 01/20/22 Rented $8,500 0.0% --
12/21/2021 12/21/21 Under Contract -- -- --
11/18/2021 11/18/21 For Rent $8,500 -- --
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 $19,367 $2,381,300 $454,100 $1,927,200
2024 $19,367 $2,348,000 $454,100 $1,893,900
2023 $26,363 $2,961,700 $447,900 $2,513,800
2022 $17,519 $2,239,900 $435,400 $1,804,500
2021 $15,700 $2,066,700 $435,400 $1,631,300
2020 $18,111 $2,296,300 $410,500 $1,885,800
2019 $17,831 $2,269,600 $398,100 $1,871,500
2018 $17,979 $2,497,700 $391,900 $2,105,800
2017 $18,124 $2,513,800 $373,200 $2,140,600
2016 $15,565 $2,594,100 $342,100 $2,252,000
2015 $15,863 $2,643,800 $311,000 $2,332,800
2014 $5,859 $3,164,200 $242,400 $2,921,800
Source: Public Records

Agents Affiliated with this Home

  • Mimi Yi

    Seller's Agent in 2024

    Mimi Yi

    The Agency-Oahu

    (808) 382-1848

    16 in this area

    38 Total Sales

    Mimi Yi
    Section Image

  • s

    Buyer's Agent in 2024

    sarah cho

    Michael Moran & Associates

    (808) 729-7780

    1 in this area

    4 Total Sales

    sarah cho
    Section Image
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About The Watermark

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202401491

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-6-011-001-0075

Hawaii Honolulu County Honolulu 96815 Waikiki

1551 Ala Wai Blvd Unit 1505, Honolulu, HI

This home is located at 1551 Ala Wai Blvd Unit 1505, Honolulu, HI 96815 since 27 January 2024 and is currently estimated at $2,169,365, approximately $986 per square foot. This property was built in 2008. 1551 Ala Wai Blvd Unit 1505 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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