Linda McCabe and Erin McCabe with Corcoran Pacific Properties
News > What to Look for in a Waikiki High Rise
If you want to live where the action is in Waikiki, you'll most likely be looking for a high rise. Since land is at a premium, developers have built upward instead of out, and buyers benefit by great views and proximity to shopping, restaurants, and of course, the beach. If you've never lived in a high rise condo before, here are a few things to consider when shopping for the condo building that fits you the best.
How important is a view?
Waikiki high rise condos typically come with city, ocean or Diamond Head views. If the type or quality of a view is a deal breaker, make sure you get the view you want before you sign on the dotted line, and do your due diligence to see if the view is likely to remain unobstructed in the future. You can conceivably buy a condo with a great view today that will be blocked by a new building a year from now.
Great views can come with windows or balconies that showcase that view. Moana Pacifica Honolulu offers floor-to-ceiling windows with some of the most breathtaking views around.
Remember that a great view will come with a price, so temper your expectations with your budget.
How do fees in the high rise compare to others with the same amenities?
HOA fees (shown as “Maintenance Fees” on our website for each listing) can vary from unit to unit depending on the formula used by the building HOA. Before you balk at the monthly fee, remember that it pays for things that you normally have to pay on your own in a single family residence – like water, outside maintenance and all of the community amenities. Nevertheless, comparing fees between buildings is prudent. If you don't care about top-of-the-line community facilities, you might not want to pay for them.
If the condo is on a leasehold (you'll see that on our website next to “Land Tenure” on each listing), you'll have lease fees in addition. With a leasehold, the building was built on leased land on a long term lease, so you must pay a lease amount to the landowner for the term of the lease. Often leasehold properties are less expensive than condos where the land is owned by the condo building owners so you'll want to factor that savings in if you are considering a leasehold property.
Does the building provide the amenities you need?
Some buildings offer more amenities than most people will ever use, which is good for the building because you’re paying fees for them anyway. On the other hand, you may want or need certain amenities that aren’t offered. Whether you’re assessing usage of a doorman, valet and concierge or checking out equipment quality in the fitness center, your Waikiki high rise condo is a major purchase. You owe it to yourself to maximize the benefits of your investment. While you’re shopping, check out the great amenities at Pacific Honolulu.
How Walkable is the location?
When you purchase a condo in an urban area, you’re investing in the location as well. Just about all of Waikiki is walkable, so you'll want to pick what to walk TO. One of the favorite walkable locations is near Waikiki beach, where you get both an easy walk to the beach but also to plenty of restaurants and shops. 2465 Kuhio at Waikiki Beach is an example of a highrise that is only 3 blocks to the beach and close to shopping as well. Because it's not right on the beach, pricing is moderate. Is a short walk to the beach most important? If so, you'll want to skip highrises If walkability to nearby shops and restaurants is a huge factor, check out the availability of venues in the surrounding neighborhood.
Does the condo come with enough parking spaces?
Even within the same high rise, the number of parking spaces vary from unit to unit. For example, some units in Nauru Tower come with one space, and some with two. Our website shows the number of parking spaces assigned to each unit listed for sale.
Aside from making sure you receive an adequate number of assigned spaces, take a look at guest parking in the building (or nearby).
For many of our clients, there are too many high rise choices. Finding a condo that fits all your needs is what we do best! Contact us and we'll help you narrow the list.
Though not guaranteed, information and statistics in this article have been acquired from sources believed to be reliable.
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Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.
Last Updated: 2023-06-01