Waikiki Real Estate Marketplace To Be Focus Of Open House Event
Waikiki has maintained its reputation as the world’s premier destination for “sun, sand, and surf” for nearly a century. With the proliferation of options for shopping, dining, and entertainment and the addition of hotel rooms, Waikiki’s visitor industry has experienced ongoing growth. An average of 80,000 visitors a day are lodged at Waikiki hotels and condominiums. But there is another Waikiki…the neighborhood that approximately 20,000 people call home.
The permanent residents of this “city within a city” essentially value the same features that have attracted tourists from around the world and made it the favored playground of Hawaiian royalty. Waikiki enjoys some of the best weather on the island, and its waters, protected by an offshore reef, are ideal for swimming and water sports the year round. Parks provide additional venues for recreation. At the eastern edge of Waikiki at the foot of Diamond Head is 300-acre Kapiolani Park; Fort DeRussy Park provides green space in west Waikiki. The 18-hole Ala Wai Golf Course extends along the Ala Wai Canal, the mauka boundary of Waikiki.
These expansive areas of parkland together with two miles of sandy beach, provide the residents of Waikiki, the vast majority of whom live in high-rises, with more options for outdoor recreation and activity than most suburban neighborhoods.
Considering all its attractions and desirable features, both local and out-of-state buyers are often surprised to discover that owning a “piece of paradise” may be an achievable goal.
“Our annual ‘Waikiki Is Open’ promotion is designed expressly to acquaint local buyers as well as visitors with the range of properties and great buys that are available in the area,” said Coldwell Banker Pacific Properties Senior Vice President/Operations Lori McCarney. “Each year, hundreds of people turn out to visit the open houses, which our Coldwell Banker agents will be hosting on Sunday, July 15, from 2 to 5 p.m.
“We know there are many local residents who still don’t think of Waikiki as a residential neighborhood…but once they see what’s available they often change their mind, particularly those downsizing from single family homes to condominium apartments. Waikiki is one of those areas that has benefited from the ‘move back to town’ trend. Retirees and seniors love Waikiki. They can walk to theaters, restaurants, and shopping, and the options are constantly increasing with the renovation and expansion of existing malls. Then there are the private clubs…the Outrigger Canoe Club, the Elks Club, and the Waikiki and Hawaii Yacht Clubs, also within walking distance of many of the condominium residences.
“I think the key to the success of this event is that we make it easy for people to visit multiple open houses throughout the Waikiki neighborhood by providing transportation, thus eliminating the problem of parking at every open house. This year we are showcasing 30 homes that are currently on the market…all can be reviewed in detail on our Coldwell Banker Pacific Properties website. Ads in MidWeek and the Honolulu Star-Advertiser on July 14 and 15 will also include maps to facilitate planning an itinerary. Transportation is free on our special ‘Waikiki Is Open’ Trolleys, which will begin pick-ups at 2 p.m. at Jimmy Buffet’s restaurant at the Waikiki Beachcomber Hotel at 2300 Kalakaua Avenue. Pedicabs will provide transportation to properties on the Gold Coast.”
The price range of properties participating in the Waikiki Is Open promotion is from $69,800 leasehold for a studio condominium in the Inn on the Park at 1290 Ala Moana Boulevard to $2,395,000 fee simple for a single family home at 3044 Kiele Avenue in the Gold Coast area.