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Destination, Playground, Home

First in a series

Hawaii’s most famous landmark, Diamond Head, is not only an icon of the 50th State…the extinct volcano is also responsible for the creation of some of the world’s most prized real estate. The residential development within the Diamond Head/Waikiki section of the south shore of Oahu includes single family homes and condominiums representing a wide price range, but all with equal access to the amenities of the area, including some of the most favorable weather conditions in the Islands and the two-mile stretch of sandy beach and reef protected waters of Waikiki.


“If I had to isolate one feature out of the many that attract buyers to Waikiki, I would have to say it’s the convenience…just about everything you might want or need is within walking distance,” said Maggie Walker, a Coldwell Banker Pacific Properties Realtor and Previews Properties Specialist. Walker has sold a wide range of properties in Waikiki over the past 40 years and recently listed one of its largest penthouses, a 2,500 square foot apartment on the 41st floor of 2121 Ala Wai constructed by the building developer as his own home. The 3 bedroom, 3 bath apartment priced at $1,995,000 was rebuilt in 2003 by Welch and Weeks with designer Greg Mills. “For people who love dining out and shopping, I can’t think of a better place to live,” Walker said. “Within a few blocks, you can choose from a plethora of ethnic restaurants…everything from casual dining to the ultimate in elegance. At the same time, if you just want to pop out for some fast food and pick up a newspaper, that’s all there too. Waikiki Beach is walking distance. It is one of the world’s best swimming and surfing beaches, but if you just want to relax on the sand with a book, there are many sections of the two-mile beach where you can find a quiet spot. I think of Waikiki as the perfect place for people who simply love life.” Walker also pointed out that theaters, the Blaisdell concert hall, civic center, and Academy of Arts are only about a ten minute drive from Waikiki’s residential areas.

The Gold Coast

The quarter mile long “Gold Coast” extends from The Kainalu condominium to the New Otani Kaimana Beach Hotel, location of Gold Coast Real Estate. Since the company was established by President and Principal Broker Don Persons in 1997, it has maintained the largest inventory of listings on the strip and is currently marketing 26 condominium and coop apartments ranging from $149,000 to $2,499,000 and one new single family oceanfront home priced at $8.9 million. The company just placed in escrow the highest priced condo on the Gold Coast, a double unit in the Diamond Head Apartments listed at $5,950,000.

“Last winter we had an extremely busy season in this neighborhood and we’re already seeing increased activity in both showings and properties going into escrow,” Persons said. “Winter is our busiest season in both sales and rentals due to the influx of visitors from all over the world coming here to enjoy our magnificent winter weather.

“Right now what I consider our premier condo listing is in the Kainalu…apartment 2C with two bedrooms, two baths, and fully remodeled. It’s the largest apartment in the building and the only one with a private stairwell to the beach. The interior opens to the lanai through pocket doors that slide into the walls…transforming the entire apartment into one huge covered lanai with a spectacular ocean view.

“The single family home we’ve listed is one-of-a-kind. Homeworks Construction designed and built it for the owner three years ago on a 7,256 square foot lot at 3047 Kalakaua Avenue. It features three master suites on the upper floor, an elevator, a grassy private park at the edge of the seawall, a 7 foot deep heated salt water pool, therapy spa, and perimeter security camera system.

“On the Gold Coast, the beach and ocean are your front yard. It’s an ocean lovers paradise where you observe the ever changing panorama of sea and surf and marine life on a daily basis and, in the evening, brilliant sunsets and the sparkling lights of Waikiki.”

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