Welcome home to Waikiki Shore #906, a stunning oceanfront condominium offering unparalleled luxury and convenience. Immerse yourself in breathtaking panoramic views of the Pacific Ocean, verdant DeRussy Beach Park, and stretching, picturesque coastlines from the comfort of your own home.

Waikiki Shore #906 stands out with its thoughtfully executed upgrades. The unit boasts high-end features and fixtures that enhance both style and functionality. Recent enhancements include a new lanai door system that seamlessly connects the indoor and outdoor spaces, as well as stylish new flooring that adds a touch of elegance throughout the home. These upgrades not only elevate the aesthetic appeal but also ensure a comfortable and modern living experience.

Located directly along Waikiki Beach, this property places you in the heart of one of Hawaii’s most vibrant areas. Beach enthusiasts will appreciate the convenience of having sun and sand right at their doorstep, while the proximity to nearby shops and gourmet restaurants means you’re never far from the best that Waikiki has to offer. Whether you’re looking to dive into beach activities or explore local dining options, everything is just a stone’s throw away.

Waikiki Shore offers remarkably affordable maintenance fees. Thanks to the presence of commercial units within the building, maintenance costs are significantly reduced, making ownership of this prestigious location more accessible. This unique benefit allows you to enjoy a prime property without the burden of high expenses, making it an exceptional value in today’s market.

Another sought-after feature of Waikiki Shore is the state allows legal short-term vacation rentals, making it a coveted property for investors, part-time owners, and property managers.

Don’t miss out on the opportunity to own a slice of paradise at Waikiki Shore #906. Contact us today to learn more about this incredible listing and how you can make it your own.

Contact Sachi Hawaii:
(808) 596-8801 | info@sachihawaii.com

In July, Hawaii’s real estate market saw a significant increase in single-family home sales, up 20.1% from the previous year, reaching 269 transactions. Meanwhile, condominium sales dropped by 7.8%, with 389 units sold. Despite these year-over-year differences, both markets saw modest month-over-month improvements, with single-family home sales rising 4.3% and condo sales increasing by 9.6%. Median sales prices also saw slight gains, with single-family homes reaching $1,140,000 (up 4.6%) and condos at $509,000 (up 1.8%).

Fran Gendrano, president of the Honolulu Board of REALTORS®, highlighted that while there is mixed performance year-over-year, July’s uptick in activity is typical for the season. She noted that demand and median prices remain steady, especially in the single-family market, though there’s a growing inventory that buyers should be aware of. Gendrano emphasized the importance of working with a REALTOR® to navigate the market’s evolving dynamics, including interest rates and policy changes.

Single-Family Home Resales

	Number of Sales	Median Sales Price
July 2024	269 +20.1%	$1,140,000 +4.6%
July 2023	224	$1,090,000

Condominium Resales

	Number of Sales	Median Sales Price
July 2024	389 -7.8%	$509,000 +1.8%
July 2023	422	$500,000

Source: HiCentral

Active inventory continued to rise across both markets, with single-family home listings up 10.6% and condo listings increasing by 8% month-over-month. Notably, new listings surged, particularly in the $600,000 to $999,999 range for single-family homes and the $300,000 to $599,999 range for condos. With inventory levels higher than last year, buyers have more choices, though condos saw the largest increase in available units, more than doubling in some price ranges.

Hawaii has long been a dream destination for many, and owning a piece of paradise through real estate investment has been a tempting proposition. But is it still a sound financial decision? Let’s explore some key questions to help you determine if Hawaii real estate aligns with your investment goals.

Market Conditions and Trends

How have Hawaii real estate prices fluctuated in recent years?

Are there specific islands or regions experiencing more growth than others?

What is the current inventory of homes and condos available for purchase?

How does Hawaii’s real estate market compare to other investment hotspots?

Investment Potential and Returns

What is the historical return on investment (ROI) for Hawaii real estate?

How do rental yields in Hawaii compare to other investment properties?

Are there specific property types (single-family homes, condos, vacation rentals) with higher potential returns?

What are the tax implications of owning Hawaii real estate?

Single-Family Median Sales Price Over the Last 20 Years. Source: HiCentral

Economic Factors and Risks

How does Hawaii’s economy impact real estate values?

What are the potential risks of investing in Hawaii real estate (e.g., natural disasters, tourism fluctuations)?

How does the cost of living in Hawaii affect property management and rental income?

Are there government regulations or policies that could impact real estate investment?

Personal Financial Goals

What are your investment goals and timeline?

Do you plan to live in the property or use it as a rental?

How much capital are you willing to invest in Hawaii real estate?

Can you afford the ongoing costs of property ownership (e.g., property taxes, maintenance)?

Navigating the Hawaii real estate market can be complex, and having a knowledgeable guide is invaluable. A seasoned real estate agent can provide in-depth market analysis, identify promising investment opportunities, and handle the intricacies of property transactions. Sachi Hawaii’s extensive local expertise can help you make informed decisions and maximize your return on investment.

Sachi Hawaii offers comprehensive property management solutions to ensure your Hawaii investment thrives. Whether you envision your property as a vacation rental, a steady stream of long-term income, or a cherished haven for occasional visits, Sachi Hawaii can tailor a management plan to meet your goals. Our services encompass everything from optimizing rental yields and guest experiences to meticulous property upkeep and financial reporting. By entrusting your property to our experienced team, you can relax knowing your investment is in capable hands.

Ready to get started? Contact Sachi Hawaii today!
(808) 596-8801 | info@sachihawaii.com