Open house pick of the week: Hawaii Kai

Photos courtesy of Coldwell Banker Pacific Properties

I appreciate when a listing discloses everything on the total cost to own, so you aren’t surprised by additional costs after you close. Even with those costs, this property is still a good value—more so because it’s in Hawaii Kai. (Click here for more details.)

This two-bedroom, two-bathroom unit in the Peninsula at Hawaii Kai is in West Marina, so there's a marina fee of $400 a year, plus the water is sub-metered, which will cost about $80 per month. Not bad. The place was built in 2003, and this unit was last sold in 2006 for $550,000 (listed for$549,500)—more than what it’s listed for now.

The unit, which is spotless and in great condition, is 960 square feet with a one-car garage. It’s got granite counters in the kitchen, laminate flooring in the living area and marble in the kitchen and bathrooms.

The listing is so new, realtor Joan Graham is still verifying that pets are allowed, but you’ll probably know by open house this Sunday.

The Peninsula at Hawaii Kai itself is a nice place to live: It’s a community of 630 single and multifamily homes, townhouses, and condominiums, built on 43 acres in two parcels near Koko Head. The Peninsula has nearly one mile of waterfront with views of the marina at every turn, and is the last waterfront community to be built in East Honolulu.

This unit will be open from 2 to 5 p.m. this Sunday. Happy house hunting!

Money talk: $549,000 fee simple
Contact: Joan Graham, Coldwell Banker Pacific Properties, 808-228-8444,