WAIEA REAL ESTATE GUIDE
WAIEA REAL ESTATE GUIDE
Waiea is an ultra-luxurious development planned by the Howard Hughes Company and Victoria Ward Ltd. Its location is in the trendy neighborhood of Kaka'ako.
This condominium was the first Howard Hughes development built in the massive Ward Village complex.
Its impressive structure is a 36-story luxury residential tower with 171 residential units. It is one of the tallest residential spaces in Hawaii.
Neighborhood Overview
General Neighborhood: Kaka'ako
Kaka'ako is a thriving residential and commercial district in between Downtown Honolulu, Ala Moana, and Waikiki.
It currently has 12,000 residents, but this number will likely multiply to 30,000 by 2030. New developments can barely keep up with the rapidly rising demand for housing.
Condo prices in this area range from $800,000 to $20,000,000.
Residential Development: Ward Village
The Waiea condominium building is part of a development called Ward Village. This project, planned by the Howard Hughes Company, is a residential community mixed with green spaces and retail.
Other condominiums in the development include Anaha, Ae'o, and Ke Kilohana. Future projects that are under construction are Victoria Place, Ko'ula, and 'A'Ali'I.
Attractions in the area
Residents don't have to go very far to reach the nearest attractions.
At the base of Waiea, you can experience Michelin-star chef Nobuyuki Matsuhisa's world-renowned restaurant, Nobu Honolulu. The restaurant even offers delivery to all residents.
At Waiea's entrance is a stunning bronze sculpture by famous British sculptor Tony Cragg.
Just steps away from Waiea are the Kaka'ako Waterfront Park and Ala Moana Beach.
Waiea Overview
Construction
Waiea's building, completed in 2016, is an architectural marvel. Its designers are Vancouver-based James K.M. Cheng and Honolulu based Roba Iopa from WCIT Architecture. The interior design is by Ingrao Interiors, led by Tony Ingrao.
Its exterior has 1,200 pieces of customized glass, with no identical pieces on the curved southeast side. 3D Waves inspired the building's innovative design.
Listings and Sales
There are currently 21 active listings at Waiea. Active listings start at 1 BR, two-bathroom units, and go up to 4 BR, three-bathroom units.
There were four listings sold within 2020, all of which were 2 or 3 bedroom units with two bathrooms.
The minimum list price for units at Waiea is $1,900,000 ($1,304/sq.ft.), and the maximum is $8,950,000($2,951/sq.ft.). Its minimum sale price is $2,495,000 ($1,320/sq.ft.), and its maximum is $3,375,000 ($1,679/sq. ft.).
Waiea residences have an average minimum list price of $3,763,388 ($1,784/sq. ft.) and a median list price of $3,477,500 (1,718/ sq. ft.). The average sale price for this building is $3,004,000, and the median is $3,100,000.
Maintenance Fees
Maintenence fees at Waiea range from $1.21 per square foot, which covers water, sewer, gas, cable, internet, and standard expenses.
Amenities
Property amenities
One of Waiea's main draws is the endless luxurious amenities it offers its residents. Here is an overview of these amenities:
7th Floor Deck
Waiea has a state-of-the-art seventh floor, resort-like deck for residents to enjoy. Amenities at this deck include:
· An infinity pool and hot tub with an ocean view
· Event lawn equipped with a bar and BBQ
· Children's play area
· Dog park
· Poolside cabanas
· Dining area
Inside the property
There are also exceptional amenities onsite. These include:
· A premium fitness center with yoga and active fitness rooms
· Resort-style locker rooms
· Golf simulator
· Steam and sauna treatment rooms
· Private theater
· Private dining room with a chef's kitchen and catering
· Guest suites
· Library, bar, and lounges
Services
· 24/7 onsite resident manager and specialists
· Concierge Service
Parking
· One-bedroom condos have one stall; all others have two stalls
· Optional valet parking
· Guest parking
Unit amenities
Waiea doesn't skimp on luxurious design. Each unit is well-appointed with top-of-the-line finishes. Here are its superb residential amenities:
Living Space
· 9'6" ceilings in tower units, 10'6" in penthouse suits, and up to 21 ft in some villas
· Hardwood or stone flooring
· Motorized shades
Kitchen
· European cabinetry
· Miele appliances
· Gas range stoves
· Dornbracht fixtures
· Wine refrigerators
Bathrooms
· Onyx walls
· Rain showers
· Standalone tubs
· Quality quartz countertops
Views
Residences A, F, and E in the tower have the best views of Ala Moana.
Units in residences B, C, and D do not face Ala Moana but still have excellent ocean views.
Layouts
Waiea has a total of 171 units. There are 161 units in the 36-floor tower and ten additional villas.
The square footage for each unit is (not including the lanai):
1-bedroom: 1,138 square feet
2-bedrooms: 1,468-2,069 square feet
3-bedrooms: 1,991-3071 square feet
Townhome Villas: 2,528-3,603 square feet
Penthouse units: 2,085-8,532 square feet
Waiea divides resident units within Stacks A & B, each with unique characteristics. Residences have A-F labels.
Premium Units (Units 8F-31F)
· Located on the standard floors
· Stack A units have the most dramatic views, followed by Stack B
· Come with a private elevator and foyer
Stack A
· Exterior units located on the "wavy" side of Waiea
· Slightly larger units
· Most have a 2,700 sq. ft. interior