|Stories||48 (no 13th or 14th floors)|
|Bedrooms||One, Two, Three|
|Views||Ocean, City, Mountain|
|Amenities||Pool, 2 Whirlpools, Gas BBQs, 2 Tennis Courts, Golf Driving Cages & Putting Green, Children’s Playground, 2 Movie Theaters, 2 Fitness Centers, 2 Party Rooms, Extra Storage & Parking|
|Maintenance Fee includes||Water/Sewer, Cable TV & Wireless Internet|
|Pets Allowed||Yes, 2 dogs up to 25lbs each|
|Extra Storage||Yes, 317 units|
|Developer||KC Rainbow Development|
Welcome to the most knowledgeable website dedicated to our beloved condominium, Moana Pacific. I hope you find it informative and useful!
Moana Pacific is ideally located between the world famous tourist mecca of Waikiki and the business/financial district of Downtown Honolulu just back from the beautiful tree-lined Kapiolani Blvd, a major East/West thoroughfare through urban Honolulu and adjacent to the contemporary/upscale Honolulu Design Center. It is just a few minute walk from one of the largest and most successful open-air shopping malls in the world, Ala Moana Shopping Center; Honolulu’s “Central Park,” Ala Moana Beach Park; and the Howard Hughes Corporation’s Ward Entertainment Center in the Ward Village. In other words an absolutely ideal location!
Moana Pacific consists of two almost “identical” architecturally stunning elliptical towers of about 360 residences each, the East and the West, with a large 2-acre recreation deck between and adjoining them on approximately 6 acres of land, making it one of the largest residential condominium developments in Honolulu. The two towers are 48 stories high (no 13th & 14th floors) and the typical 9 unit floor-plate consists of:
- 4 ocean/“makai” facing 2-bedroom 2-bathroom residences w/2-parking (Type “D” & “E”)
- 2 mountain/“mauka” facing 2-bedroom 2-bathroom residences w/1-parking (Type “B”)
- 2 end unit 3-bedroom 2-bathroom residences w/2-parking (Type “C”)
- 1 mountain/”mauka” facing 1-bed 1-bathroom residences w/1-parking (Type “A”)
All units have floor-to-ceiling insulated double-paned low “E” glass, central a/c, Subzero, Fridgidare & Bosch appliances, maple cabinetry & granite counter/vanity tops. Water/sewer, basic cable TV signal & wireless internet in included in the maintenance (association) fee. One of the unique, most practical and desirable amenities of Moana Pacific is it’s abundance of parking stalls and storage units available from the developer, or private owners, to either rent or buy – more than any other condominium in Honolulu, a rarity!
Moana Pacific’s 2-acre recreation deck includes a pool, 2 whirlpools, a sundeck, gas BBQ grills, 2 full-sized tennis courts, golf putting green & driving cages and a children’s playground. Also, within each tower is a fitness center, movie theater & party/game room. All the amenities that most condo owners desire and actually use!
Sales Activity for the Past 6 Months (as of 5/30/18)
1-Bed 1-Bath w/1-Parking Mountain (701 Sq. Ft.):
#2901E Sold @ $600k on 12/22/17 100% of the Asking Price ($600k) 18 Days-On-Market
#4501W Sold @ $630k on 2/28/18. 98.44% of Asking Price ($640k) 12 Days-On-Market
Averages: $615k Sales Price 99.22% of the Asking Price ($620k) 15-Days On Market
2-Bed 2-Bath w/1-Parking Mountain (923 Sq. Ft.):
#1502E Sold @ $705k on 3/29/18 100% of the Asking Price ($705k) 62 Days-On-Market
#4012W @ $730k on 3/2/18 95.42% of the Asking Price ($765k) 20 Days-On-Market
#4402W @ $740k on 2/5/18 96.73% of the Asking Price ($765k) 120 Days-On-Market
Averages: $725k Sales Price 97.39% of the Asking Price ($745k) 67 Days On Market
2-Bed 2-Bath w/2-Parking Mountain (923 Sq. Ft.):
#1709E Sold @ $720k on 2/27/18 98.63% of the Asking Price ($730k) 92 Days-on-Market
#4502E Sold @ $795k on 5/25/18 100% of the Asking Price ($795k) 1 Day-On-Market
Averages: $757.5k Sales Price 99.32% of the Asking Price ($762.5k) 47 Days On Market
2-Bed 2-Bath w/2-Parking Ocean (1,022 Sq. Ft.):
#2304W Sold @ $750k on 1/23/18 93.87% of the Asking Price ($799k) 101 Days-On-Market
#2804E Sold @ $875k on 5/23/18 98.54% of the Asking Price ($888k) 24 Days-On-Market
#2005W Sold @ 890k on 3/19/18 99% of the Asking Price ($899k) 19 Days On Market
#3605E Sold @ $890k on 3/6/18 100% of the Asking Price ($890k) 70 Days On Market
#2407W Sold @ $898k on 12/29/17 99.89% of the Asking Price ($899k) 87 Days On Market
#4206E Sold @ $920k on 3/22/18 95.83% of the Asking Price ($960k) 52 Days On Market
#4507W Sold @ $925k on 12/12/17 96.35% of the Asking Price ($960k) 74 Days On Market
#4307W Sold @ $950k on 12/18/17 99.06% of the Asking Price ($959k) 22 Days On Market
#3806E Sold @ $962k on 4/20/18 100% of the Asking Price ($962k) 26 Days On Market
#4504W Sold @ $998k on 1/22/18 100% of the Asking Price ($988k) 76 Days On Market
Averages: $905,800 Sales Price 98.25% of Asking Price 55 Days On Market
3-Bed 2-Bath w/2-Parking:
#708E Sold @ $843k on 5/11/18 99.41% of the Asking Price ($848k) 43 Days-On-Market
#2608E Sold @ $878k on 3/5/18 99.89% of Asking ($879k) 11 Days-On-Market
#3308W Sold @ $905k on 12/8/17 97.84% of the Asking Price ($925k) 34 Days On Market
#4203W Sold @ $965k on 3/16/18 98.97% of the Asking Price ($975k) 13 Days-On-Market
#4708W Sold @ $1.49mil on 11/30/17 99.06% of the Asking Price ($1.59mil) 89 Days-On-Market
Averages: $928k Sale Price 99.03% of Asking Price ($937k) 38 Days On Market
The current market for all 1-bedrooms remains very strong, and still appears to be increasing, due to the lack of inventory for newer 1-bedroom condos in Moana Pacific as well as the overall Kaka’ako market. Similarly, the market for very high-floor 2-bedroom direct ocean view residences is strong; however, prices may have already “leveled-off” or “moderated” in the $900’s. 2-bedroom mountain view residences w/2-parking are in more demand than those w/1-parking, for obvious reasons, and they are very reasonably priced relative to comparable 2-bedrooms in the overall Kaka’ako market. Finally 3-bedroom residences, despite their unique floor-plan and unusual room shapes, remain popular as they are priced very well, again relative to the overall 3-bedroom market in Kaka’ako.
If you are thinking of Selling, “now” is probably better than “later,” as the overall re-sale market for existing condos in Kaka’ako appears to be “moderating” for 2 & 3-bedroom residences (exception would be 1-bedrooms) unless it is highly upgraded, “shows-like-a-model” and is not grossly over-priced. This combined with the assumption that we are closer to the “peak” of our current real estate cycle than the “bottom,” combined with the slowly increasing interest rates adds credence to this theory. .If you are thinking of Buying, as long as you have a “Buy and Hold” mentality (min 5-10-years), then you should be just fine based on past 4 Honolulu real estate cycles.
For specific expert analysis of your specific residence at Moana Pacific, or any other property on Oahu, contact me at: 808-372-2274 or Tracy@HawaiiLiving.com.
In summary, if you, or someone you know, is looking for a newer contemporary condominium in Honolulu, with an ideal location but not necessarily direct “ocean front,” with great views, some great floor-plans, abundant amenities, but doesn’t want to pay the premium prices of the brand-new condominiums or even some of Moana Pacific’s direct competitors, it just might be the building for you.
For more first-hand, detailed and accurate information, feel free to call me at 808-372-2274 or click here to email me today. I look forward to hearing from you!
“Your Moana Pacific Expert”
My History With Moana Pacific
A brief history of my involvement with Moana Pacific. I was instrumental in introducing the developers, KC Rainbow Development, to the principals of our company, which helped to secure the original developer listing with Coldwell Banker Pacific Properties. Subsequently I was on the original developer sales team (2004), an original owner (2007), an original member of the board of directors (2007) and current landlord (2014).
As a result, I have an intimate first-hand knowledge of Moana Pacific, from initial sales to the present. I have also closed on the highest sale ever in Moana Pacific, ocean-suite #4705W, for $2.4mil on 8/11/15 and have represented many other sellers and buyers in the project over the past 11 years.
Below are a few of my past sales at Moana Pacific. Contact me to learn more about how I use professional photography and staging & preparation for my clients.
Some Past Sales
CPR-HPR Amendments 3859153 (05-18-2009)
CPR-HPR Amendments 3537655 (01-08-2007)
CPR-HPR Amendments 3268920 (05-13-2005)
Bylaws 3247518 (03-30-2005)
House Rules Amendment 1/12/2009
House Rules Amendment 9/15/2008
House Rules Amendment 8/21/2008
House Rules Amendment 10/04/2007