Kakaako Condo Market Trends Update Top 5 High Rise Buildings to Watch in Honolulu
Kakaako High-Rise Condos
Honolulu, HI
Table of Contents
- Quick Facts
- Kakaako High-Rise Condos: A Hub of Luxury and Modern Living
- Kakaako’s Strong Economic Growth and Job Market
- A Hub of Arts and Culture
- Luxury High-Rise Condos in Kakaako
- Getting Around Kakaako
- Sustainability in Kakaako
- Frequently Asked Questions:
- Resources & Links
- For Buyers & Sellers
Quick Facts
Kakaako is a rapidly growing neighborhood in Honolulu, Hawaii.
Kakaako high-rise condos have become increasingly popular due to their proximity to downtown Honolulu and the ocean.
Many Kakaako condos were built within the past two decades as part of a large urban renewal project.
Average prices for Kakaako condos range from around $500,000 to over $1 million.
Condos in Kakaako often feature modern architecture and high-end finishes such as granite countertops and hardwood flooring.
Kakaako is home to various amenities, including parks, restaurants, art galleries, and shops.
Residents of Kakaako condos have access to major highways and public transportation options.
Many condos in Kakaako offer amenities like pools, BBQ areas, and fitness centers.
As an arts district, Kakaako is vibrant and eclectic, with colorful street art covering many buildings.
Some popular high-rise condo buildings in Kakaako include The Cove, Waihonua, and Anaha.
Kakaako High-Rise Condos: A Hub of Luxury and Modern Living
Located in the heart of Honolulu, Kakaako is a vibrant neighborhood that has transformed over the years into a thriving hub of luxury high-rise condos, innovative businesses, and a lively arts scene. This eclectic neighborhood offers an ideal blend of urban sophistication and tranquil island living, making it a sought-after destination for those seeking modern luxury and convenience.
One of the most notable features of Kakaako is its stunning collection of high-rise condos, which offer breathtaking views of the ocean, Diamond Head, and the city skyline. From stylish studios to expansive three-bedroom units, Kakaako’s condos cater to a diverse range of tastes and preferences. With world-class amenities, advanced security systems, and exceptional service, these condos provide residents with unparalleled comfort and convenience.
Kakaako’s Strong Economic Growth and Job Market
Kakaako’s economic growth has been fueled by the presence of major tech companies, innovative startups, and world-renowned research institutions. The neighborhood is home to some of the largest employers in the state, including the University of Hawaii’s John A. Burns School of Medicine and the Queen’s Medical Center. The area’s strong job market, combined with its stunning natural beauty and modern amenities, has made Kakaako an attractive destination for young professionals and families.
| Employer | Industry |
|---|---|
| University of Hawaii’s John A. Burns School of Medicine | Education/Healthcare |
| Queen’s Medical Center | Healthcare |
| Hawaiian Telcom | Technology |
| Bank of Hawaii | Finance |
A Hub of Arts and Culture
Kakaako is renowned for its vibrant arts scene, with numerous galleries, museums, and street art installations. The neighborhood is also home to the Kakaako Farmers Market, which takes place every Saturday morning and features local produce, artisanal goods, and live music. The Honolulu Festival, a world-famous celebration of music, dance, and theater, is also held annually in Kakaako.
- Bishop Museum
- Honolulu Museum of Art
- Kakaako Farmers Market
- Lana Lane Studios
- Street art installations by world-renowned artists
Luxury High-Rise Condos in Kakaako
Kakaako offers a diverse range of high-rise condos, each with its unique characteristics, amenities, and price points. Some of the most sought-after condos in the area include:
| Condo Name | Price Range | Amenities |
|---|---|---|
| The Ritz-Carlton Residences, Waikiki Beach | $1 million – $10 million | Private pool, spa, fitness center, restaurant, bar |
| ONE Ala Moana | $500,000 – $2 million | Resort-style pool, fitness center, spa, concierge service |
| Waiea | $1 million – $5 million | Private pool, spa, fitness center, library, lounge |
Getting Around Kakaako
Kakaako is conveniently located near major highways, public transportation, and bike lanes. Residents can easily access downtown Honolulu, Waikiki, and other nearby neighborhoods using their preferred mode of transportation.
- Bus: TheBus (Oahu Transit Services)
- Car: Access to major highways, including the H-1 Freeway
- Bike: Bike lanes and bike-share programs available
- Walk: Pedestrian-friendly streets and sidewalks
Sustainability in Kakaako
Kakaako is committed to sustainability and green living. The neighborhood features numerous green spaces, parks, and community gardens, providing residents with opportunities to connect with nature and live a healthier lifestyle.
| Feature | Description |
|---|---|
| Community Gardens | Resident-managed gardens for growing fruits, vegetables, and herbs |
| Parks | Open green spaces for recreation, relaxation, and community events |
| Green Roofs | Energy-efficient roofs featuring plants and vegetation |
| Solar Panels | Renewable energy sources for powering buildings and homes |
Frequently Asked Questions:
Kakaako High-Rise Condos FAQ
- Q: What is Kakaako?
A: Kakaako is a neighborhood in Honolulu, Hawaii, known for its urban living and high-rise condos.
- Q: Where is Kakaako located?
A: Kakaako is located on the island of Oahu in Honolulu, Hawaii, just west of Waikiki and downtown Honolulu.
- Q: What is the approximate price range for Kakaako high-rise condos?
A: The price range for Kakaako high-rise condos varies greatly from approximately $400,000 to over $1 million.
- Q: What types of amenities are typically found in Kakaako high-rise condos?
A: Kakaako high-rise condos often feature amenities such as pool, fitness center, parking, and security.
- Q: Are pets allowed in Kakaako high-rise condos?
A: Some Kakaako high-rise condos allow pets, while others do not; it depends on the specific building and its rules and regulations.
- Q: How close are Kakaako high-rise condos to public transportation?
A: Many Kakaako high-rise condos are within walking distance to public transportation, such as TheBus and the Honolulu Rail Transit.
- Q: What type of views can be expected from Kakaako high-rise condos?
A: Depending on the location and height of the building, Kakaako high-rise condos can offer views of the ocean, city, or mountains.
- Q: Are Kakaako high-rise condos a good investment opportunity?
A: Kakaako high-rise condos can be a good investment opportunity due to the area’s growing popularity and limited availability of properties.
- Q: Can non-resident aliens buy Kakaako high-rise condos?
A: Yes, non-resident aliens can buy Kakaako high-rise condos, but may need to go through additional steps and paperwork.
- Q: How long does it take to close on a Kakaako high-rise condo?
A: The length of time it takes to close on a Kakaako high-rise condo can vary depending on the complexity of the transaction and the speed of the parties involved.
Resources & Links
Kaka’ako Developers face new challenges in High Rises
New High Rise to Rise in Kakaako
Kaka’ako High-Rise Condos see Price Increases
Kaka’ako Condo Map and Directory
Kakaako Rezoning Plan to Bring More Housing Developments
For Buyers & Sellers
Kakaako High-Rise Condos: A Game-Changer for Home Buyers and Sellers
As a resident of Oahu, I’ve witnessed firsthand the transformative power of Kakaako high-rise condos on the local real estate landscape. These luxurious skyscrapers have not only altered the urban skyline but also significantly impacted home buyers and sellers in the area.
For Home Buyers:
- Pros:
1. Luxury living: Kakaako high-rise condos offer a unique blend of modern amenities, stylish designs, and breathtaking views of the ocean, mountains, or cityscape.
2. Convenience: Many condos are located within walking distance to trendy restaurants, bars, and shops, as well as major employers, making them an attractive option for those seeking a cosmopolitan lifestyle.
3. Amenities galore: Residents can enjoy access to rooftop pools, gyms, spas, and other premium amenities that enhance their quality of life.
- Cons:
1. High price tag: Kakaako high-rise condos come with a hefty price tag, making them inaccessible to many buyers, especially first-time homebuyers.
2. Parking concerns: With limited parking spots available in some condos, drivers may face challenges and additional costs.
3. Noise and density: Buyers should be aware that Kakaako is a bustling neighborhood, and high-rises may come with increased noise levels and density.
For Home Sellers:
- Pros:
1. Increased demand: The growing popularity of Kakaako high-rise condos has created a demand-driven market, allowing sellers to potentially sell their properties quickly and at a premium.
2. Growing property values: As more high-rise projects are developed, property values in the area continue to appreciate, making it a desirable time for sellers to put their properties on the market.
3. Competitive advantage: Sellers of high-rise condos can benefit from the prestige and luxury associated with these properties, making them more attractive to potential buyers.
- Cons:
1. Competition: With numerous high-rise condos on the market, sellers face stiff competition, making it essential to price and market their properties strategically.
2. Misaligned expectations: Sellers may have misaligned expectations about their property’s value, leading to delayed sales or lower-than-expected offers.
3. Potential for market fluctuations: As with any luxury market, Kakaako high-rise condos are susceptible to fluctuations in demand, interest rates, and the overall economy.
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