Does it Make Sense to Buy a Condo in Waikīkī?
What sprucing up Kūhiō means to locals.
Image: Courtesy of Hyatt
They’ll always rent. That’s one thing we know for sure about condos. People from across the country and around the world save up to visit Waikīkī. There are countless options for ownership in Waikīkī, and wide variation in building rules, condition, and size. And that means that really, there’s something for everyone.
We’re seeing Kūhiō Avenue go upscale. The International Marketplace reopened with a Saks Fifth Avenue, b Patisserrie, water features, and all new landscaping in late August. The Ritz Carlton Residences Waikīkī moved onto a second building, and opened Hawai‘i’s first Dean & Deluca in September. And soon, the Waikīkī Trade Center will be a Hyatt Centric. Nordstrom Rack opened recently as well.
Right now, it’s significantly more expensive to buy a condo along Kalākaua Avenue than Kūhiō. Some are touting Kūhiō Avenue as the next Kalākaua. So is it time to buy? At the ‘Ewa end of Kūhiō, there are currently nine properties available. A few have gorgeous ocean views. You can buy at the Four Paddle from $425,000 to $568,000, the Royal Kūhiō from $198,000 to $598,000, and at La Casa for $399,000. All are below Kalākaua prices. It might just be worth betting on Kūhiō.