WALT FLOOD REALTY

LANIKEA at WAIKIKI

Condo #3004 (Two Bedrooms & Two Baths)

Lanikea At Waikiki
"SOLD - as of May 2, 2017"
(Honolulu Board of Realtors MLS: 201700260)

Sold Price: $1,150,000.00 (Fee Simple)

Stunning Ocean, Ala Wai Canal, City and Mountain Views on all three sides!

1st Picture

Spectacular Ocean, Diamond Head & Mt./Canal Views at 270 degrees - all around. This Two Bedroom, Two Full Baths & Two Parking Stalls in a Corner / End Unit on the 30th Floor in one of the Premier Luxury Condos in the Heart of Waikiki. 24/7 Highly Secured Bldg. Pleasant & Privacy with only 4 units per floor. Unit features Central A/C; Gourmet Kitchen w/Stainless Steel Appliances; Granite Counter Tops & More. All the Furniture and Furnishings are included in the Sale.

The interior size is 1,025 sq.ft. with a large Lanai at 102 sq.ft. The Master Bedroom has views to the Mountains, the Ala Wai Canal, off to EWA and to the left to Diamond Head. The Second Bedroom has direct views to Diamond Head, Waikiki City and to the Ala Wal Way Canal.

The Condo has is a full-size stacked Washer and Dryer. A plus: 2-parking stalls, covered, side by side and steps to the 2nd floor elevators. Guest Parking (10) is available, at street level.

Lanikea at Waikiki is a secured building, with video camers and two elevators, there is a Resident Manager and Security 24/7. The swimming pool is heated, with a Jacuzzi Spa. Basic cable TV is included in the Maintenance Fees, High-speed internet is available. Pets are allowed, see the House Rules.


Frequntly Asked Questions:

1. How many condo units in Lanikea? 101 condo units, opened in 2006.

2. What about financing? Check with your Mortgage Broker, or your Bank for a conventional mortgage with 10%-20% down payment for 30-years fixed (Owner Occupants). Bank of Hawaii, Central Pacific Bank and First Hawaiian Bank will write a ″Portfolio″ Loan at 20%-30% down for Owner Occupants/Investors.

3. What about Seller's financing (Agreement of Sale)? Possible: 20%-30% Down, 5% Annual Interest on a 5 year A/S with a Balloon payment. Based on the Buyer's credit report.

4. What are the MLS Listings in Lanikea at Waikiki as of March 3, 2107? Unit #2104 @ $975,000; Unit #3004 @ $1,150,000; Unit #PH-1 @ $1,699,000; and Unit #PH-2 @ $2,800,000.

4a. What have been the sales in Lanikea at Waikiki as comps? Unit #2803 @ $770,000; Unit #3002 @ $912,500; Unit #2604 @ $985,000; and Unit #3003 @ $1,100,000.

5. What are included in the Maintenance Fees? Building/Flood/Fire insurance, Resident Manager and staff, water, electric, sewage. elevator maintenance and waste/trash removable contracts and basic TV cable. The electricity (HECO) is paid by the Owner or Tenant for unit #3004 on a separate meter.

6. What about air conditioning? The building has Central Air Conditioning and each room has a wall vent (virtually no noise).

7. What about Vacation Rentals at the Lanikea? The House Rules: Thirty (30) days minimum. No VRBO, Airbnb, HomeAway, Timeshare, Flipkey or B&B, for less that 30 days.

8. Why are the owners selling this condo? The Owners/Sellers, as Investors, who live on the Mainland, want to down-size for retirement.


Interior Area: 1,025 sq.ft, plus the open Lanai: 102 sq.ft., for a total of 1,127 sq.ft.
Maintenance Fee: $1,159.00  /  Other Monthly Fees: Electric (HECO): $125.00. (Est)
Total Monthly Fees/Charges: $1,284.00,   /   Plus: Property Taxes: $260.00/month (2017).
Bedrooms: Two  /  Bathrooms: Two  /  Covered Parking Stalls: Two.

Click here:  How To Buy Unit #3004. Read the step by step on making an offer (Purchase Contract) to buy Condo Unit #3004.

Purchase Contract: Sample as of Jan. 15, 2107.   Fourteen (14) pages of the Hawaii Association of Realtors - Sales Contract (important to read if you are considering an Offer to Buy.)

"AS IS" Condition Addendum: Sample as of January 15, 2017.   One (1) page of the Hawaii Association of Realtors - (important to read if you are considering an Offer to Buy.)

Click here:  "House Rules".   Twenty Two (22) pages of the Lanikea House Rules- (important to read if you are considering an Offer to Buy.)

Lanikea at Waikiki click here to upload multiple pictures of the apartment, building, and the exterior views
Click this image for multiple pictures.

     Click here for  Multiple Pictures taken from inside #3004, a view of the building, views to the Ocean and to Waikiki.


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