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Hawaii’s Luxury Condos

homes0525_3Eighth in a series

The development of luxury residential condominiums in Honolulu has been focused primarily, and unevenly, on three urban districts in recent years — Waikiki, Ala Moana/Kakaako, and Downtown.

Until The Pinnacle at the top of Bishop Street went on the market in 2008, the inventory of new luxury condos in Downtown Honolulu remained limited or non-existent.

Rising to 300 feet, the imposing 36-story residential condominium was developed by Santa Ana-based Caribou Industries, designed by Honolulu Architect David Stringer AIA, and built by Ledcor Construction Hawaii.

The Pinnacle’s 36 full and half floor units were originally priced from $800,000 to $3 million and approximately 75 percent sold over a two-year period, a third to local buyers. Among current listings are four two bedroom units priced from $1.688 to $3.250 million, as well as the extraordinary two story penthouse, offered at $6.8 million by Hawaii Life Real Estate Brokers representing owner Mike Harrah, president of Caribou Industries. Listing Realtor Cheryl Gillotti noted that Harrah is also offering a special package combining two of the high floor condos, units 29 and 34, with the penthouse which can be purchased together for a total of $9.995 million.

Residential units, ranging from 1,550 to 3,100 square feet, are on floors 10 through 34 above five levels or parking and an elegantly appointed street level lobby. All have two or three bedrooms, nine-and-a-half foot high ceilings, lanais, floor to ceiling windows, upscale finishes, and kitchens with top-of-the-line appliances.

Located on the ninth floor recreation deck are a swimming pool, hot tub, sauna, exercise room, billiards room, conference rooms, and a barbecue area. Floors are served by two high-speed secured elevators. A security guard is on duty 24 hours.

Occupying floors 35 and 36, the penthouse suite with its six lanais overlooks a panorama that includes the ocean and mountains, Waikiki and Diamond Head, Honolulu Harbor and Pearl Harbor, sunrises and sunsets. A private elevator connects the two floors. Owner Mike Harrah spared no expense to create a luxurious residence that is also a showplace. It is being sold fully furnished.

Upscale finishes and detailing throughout include African mahogany paneling, cabinetry, and flooring, oriental carpets, Casa Fendi furnishings, marble, travertine, and granite surfaces, coffered ceilings with recessed lighting, crystal chandeliers, and floor to ceiling windows and glass doors that capture the 360 degree view.

In the “grand room,” entered from the private elevator foyer, are one of the apartment’s four built-in fireplaces, a 350 gallon ocean aquarium, and a solid koa wood baby grand Steinway & Sons piano. The media room is equipped with a 73 inch home theater screen, a Dolby surround sound system, and plush theater seating. A library/office and billiard room are also on the main floor.

The formal dining room features floor to ceiling clear vision, 156-bottle wine racks and opens to an expansive lanai, another dining venue. The aquarium, which is installed in a common wall with the grand room, can be viewed while dining.

The kitchen includes handcrafted granite counters and a peninsula which serves as a dining/entertaining area. Stainless steel Viking appliances were chosen to accommodate service for large gatherings, such as an eight burner stove and twin 36 inch Viking refrigerator/freezer.

Two master suites located on the top level are designed as luxurious private retreats with bathrooms featuring an array of luxury amenities, such as eight foot whirlpool tubs with water fountains cascading from the ceiling. Security features include high security walk-in vaults and alarms.

Included in the price of the unit are four full-size parking stalls in the secured enclosed parking garage monitored by a 24/7 video surveillance security system.

Hawaii Life Realtor Cheryl Gillotti is showing the Pinnacle properties by appointment.

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