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Monday, February 14, 2011

The Price is Right: The Cabana at Waikiki

Down a small, hostel-lined side street is The Cabana at Waikiki, a 15-unit former hotel/condo conversion that recently came on market. Century 21 All Islands realtor Eti Fuchs, who showed me a few units in the building, told me that the building was a great deal in a fantastic location—a block to the beach, zoo and Kapiolani Park. And despite my initial hesitations (it’s an older building and a four-floor walk-up), after seeing the refurbished condos, I have to agree.

There are nine one-bedroom/one-bath condos available (one is in escrow; five have sold) listed between $209,000 and $219,000. The pet-friendly condos are being sold fully furnished, and have been tastefully outfitted with wood furnishings and Island-style accessories and linens (think subtle floral and pineapple motifs). There's wood-laminate flooring in the living room, ceramic tile in the bath and cream-color carpet in the bedroom, which is separated from the common space with sliding wood doors.

The fully equipped kitchenette is small but functional, with new cabinets, a refrigerator and microwave, while the bathrooms have neutral-color tiles and either a walk-in shower or tub/shower combo. Each condo also has a smallish lanai (between 50 and 58 square feet) with a bistro table and chairs and a small bar fridge. The lanai have views of the building next-door, which isn’t ideal, but outdoor space in Waikiki is always in demand, even if it doesn’t come with an ocean vista (and, at this price point, I think that would be wishful thinking).

Overall, I only have two qualms: The condos do not come with parking, though buyers can purchase one of seven ground-floor spaces (three have already sold) for $45,000. And secondly, the laundry facility is located outside on the ground floor and has coin-operated machines. While these probably aren’t deal-breakers for most buyers, they’re definitely worth noting.

Money talk: One-bedroom, one-bath condos are listed between $209,000 and $219,000 fee simple. Monthly maintenance fees are $295, though they could go up soon if owners decide to have cable installed.

Listing agent: Cliff Colvin, Coldwell Banker Pacific Properties. 381-6703, cliff@cliffcolvin.com.


 

Posted on Monday, February 14, 2011 in Permalink

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About This Page

Honolulu Real Estate focuses on the Hawaii housing market, condos and homes for sale, Hawaii rentals and general news about real estate in Hawaii. It also includes stories on apartment living, home decor and profiles.
 


Melissa Chang graduated from the University of Hawaii with a degree in journalism and has been blogging since 2007, mostly on food and travel. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.


 


Jaymes Song is a real estate agent at Prudential Advantage Realty in Kahala. Jaymes is in the top 7 percent of Prudential agents nationwide. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawaii and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job of being dad to two curious kids.


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