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Ala Wai Cove

509 University Avenue Unit 205 Honolulu HI 96826

$299,000 | Active

Contact us for an estimated $1,495 commission rebate and no obligation showing.

Sell for a $3,500 Flat Fee or 2% With Full Service.

Price dropped on 06-07-2026. Original price was $375,000

Listed on 01-23-2025

1 Bedroom, 1 Full Bath, 0 Half Baths, 1 Parking Spaces

551 Square Feet Living * $1,078 Total Association Fees

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Property Last Viewed: 08/07/2026 01:56 PM, Total Views Today: 0, Total Views: 485

Viewed History

Short Cuts



OahuRE.com Notes About This Property

View all new listings in the Ala Wai Cove since this property was listed.

The last sale on January 2, 1998, used Conventional financing, so it is not an assumable mortgage.

Listed previously on February 1, 2000 for $135,500. View Details

Listed previously on September 25, 1997 for $119,000. View Details

Price Decreased 13 times. View Details

Withdrawn 1 time. View Details

There are 3 buildings in the same neighborhood with similar units for sale.

There are 84 buildings in the same region with similar units for sale.

There were 4 units sold in the last 2 years in the Ala Wai Cove building.


509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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509 University Avenue  Unit 205

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Property Details

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MLS#: 202502423 * Questions?
Status: Active since 01-23-2025 See History
Price: $299,000
Monthly: $ 2,916.65 Update the default down payment and interest rate
  Monthly payment estimate for $ 299,000 price, 10% down, 6.69% interest rate, 30 year loan, $ 104 taxes, and $ 1,078 fees. Insurance not included.
Beds: 1   Baths: 1   Half: 0  Parking Spaces: 1
Living Sq Ft: 551
Land Tenure: FS - Fee Simple
Total Fees: $1,078
Lanai Sq Ft: 75
Address: 509 University Avenue 205 Honolulu HI 96826
Region: Metro - Activity
Neighborhood: Kapiolani - Activity
Street: University - Activity * University Avenue 205 Stats
Building Name: Activity in Ala Wai Cove * Ala Wai Cove Stats
Statistics: Live Building Stats
Showing: Showing Request with 20% Rebate

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Original: $375,000
Change: $-76,000    -20.27%
Parcel#: 1-2-7-013-011-0010
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 562 days in Active or In Escrow Showing
Date: Listed: 01-23-2025
Date: Status Change: 01-23-2025
Recent History: Last Sold on 01-02-1998 for $85,000 - MLS# 9818524 - Seller's Agent: Colleen M Chun, Buyer's Agent: Dianne Wennick
Year Built: 1961 Remodeled:
View: City, Other
Frontage: Other
Monthly Tax: $104 Year: 2025
Land: FS - Fee Simple
Condition: Average

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Description:

Motivated Seller. Located next to the Ala Wai Park recreation area, with the scenic Ala Wai pathway just steps away and vibrant schools nearby, this home offers the perfect balance of convenience and tranquility. Just minutes from the University of Hawaii and the freeway entrance, easy access is always within reach. A short walk brings you to a selection of shops, enticing restaurants, and a well-served bus line ready for exploration.

As evening falls, unwind on your lanai while the city skyline sparkles in the distance and the serene Ala Wai canal stretches below. This corner unit provides a peaceful retreat. On your floor, you’ll find the convenience of laundry facilities and personal storage, while a secure lobby with an intercom system ensures your peace of mind. This home offers the ideal fusion of urban living and quiet relaxation.

 
 
Inclusions: Disposal, Range/Oven, Refrigerator

Amenities: Community Laundry, Resident Manager, Storage

Utilities: Construction: Above Ground, Concrete, Hollow Tile Lot Features: Floor: Laminate, Vinyl Disclosures: 1031 Exchange, Licensed Owner, Pets Allowed (Verify) Land Recorded: Land Court Furnished: None

Possession: At Closing Terms: 1031 Exchange, Cash, Conventional Sale Conditions: None Pet Friendly: Yes Occupancy: 52% Number of Parking Spaces: 1 Parking Spaces Number: 35 Floor Number: 2 Elevators: 2 Management Company Name & Phone: Hawaiiana 8085939100

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Sold Price:
Concession:
Closed:
Sold Ratio:
Days Sold:
Land: $78,300
Building: $278,800  
Assessed Total: $357,100  
Assessed Ratio: 83.73%
Pool:
Location:
Parking: Assigned, Open - 1, Street

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District Locator: DOE Locator to Confirm District
Area Total: 28,009
Acres: 0.6430
Topography:
Building Style: High-Rise 7+ Stories
Building: Ala Wai Cove
New Const: No

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Maint. Fee: $1,078
Assoc. Fee: $0
Other Fee: $0
Includes: Hot Water, Sewer, Water
Total Fees: $1,078
Exemption: 0
Other: 0
Lanai Sq Ft: 75
Garage Sq Ft: 0
Avg Sq Ft Living: $542.65
Security: Card
Rental Income: $0
Zoning: 13 - A-3 High Density Apartment
Flood Zone: Zone A * Check if this property is in a Flood Zone
Tsunami Zone: Check if this property is in a Tsunami Zone * Tsunami Info * Oahu Tsunami Map
Roofing:
Set-Backs: Roads:
Easements:

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Links:
Google Maps * Supermarkets * Schools * Private Schools * Hospitals * Restaurants * Gyms * Shopping * Attractions * Beaches * Churches * Tax Info including a Plat Map PDF and GIS Parcel Map and Building Sketch
Commuting:
Waikiki * Downtown * Ala Moana * Airport * Kapolei * Hawaii Kai * Kailua Town * Windward Mall * Waikele * North Shore
Barbers Point * Camp Smith * Fort Shafter * Hickam * Lualualei * K-Bay Marine * Pearl Harbor * Schofield * Tripler * Wheeler * VA Mortgage Info
Closing Cost Calculators:
Buyer's Closing Cost Calculator to estimate the buyer's closing cost.
Seller's Closing Cost Calculator to estimate the seller's closing cost.

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
06-07-2026 202502423 Price Decrease $309,999 $299,000 $299,000 $0 $357,100 $78,300 $278,800
04-16-2026 202502423 Price Decrease $320,000 $309,999 $299,000 $0 $357,100 $78,300 $278,800
02-14-2026 202502423 Price Decrease $325,000 $320,000 $299,000 $0 $357,100 $78,300 $278,800
02-03-2026 202502423 Price Decrease $330,000 $325,000 $299,000 $0 $357,100 $78,300 $278,800
01-30-2026 202502423 Price Decrease $335,000 $330,000 $299,000 $0 $357,100 $78,300 $278,800
12-23-2025 202502423 Price Decrease $339,000 $335,000 $299,000 $0 $357,100 $78,300 $278,800
07-02-2025 202502423 Price Decrease $340,000 $339,000 $299,000 $0 $357,100 $78,300 $278,800
06-14-2025 202502423 Price Decrease $345,000 $340,000 $299,000 $0 $357,100 $78,300 $278,800
06-10-2025 202502423 Price Decrease $350,000 $345,000 $299,000 $0 $357,100 $78,300 $278,800
06-01-2025 202502423 Price Decrease $355,000 $350,000 $299,000 $0 $357,100 $78,300 $278,800
05-01-2025 202502423 Price Decrease $360,000 $355,000 $299,000 $0 $357,100 $78,300 $278,800
01-31-2025 202502423 Price Decrease $375,000 $360,000 $299,000 $0 $357,100 $78,300 $278,800
01-23-2025 202502423 New Listing $375,000 Active $299,000 $0 $357,100 $78,300 $278,800
05-30-2000 2000988 Withdrawn Active Cancelled $129,900 $0 $96,500 $14,300 $82,200
03-07-2000 2000988 Price Decrease $135,500 $129,900 $129,900 $0 $96,500 $14,300 $82,200
02-01-2000 2000988 New Listing $135,500 Active $129,900 $0 $96,500 $14,300 $82,200

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Pet Friendly Building - Always confirm with Agent.

Pet Policy: A maximum of 2 household pets may be kept in any unit. All pets must be registered with the Resident Manager. A $200 non-refundable fee is required at time of registration.

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Comparables

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City and County Public Information Links

City and County Logo

Tax Info including a Plat Map PDF and GIS Parcel Map

Department of Planning & Permitting All Permits

Tax Records and Property History in this Neighborhood

Tax Records and Property History in this Building

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Sex Offender Information

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Daily Watch List

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Google Maps

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Directions from this property to nearest Grocery Store, Hospital, Gas Station, Beach Park, and Park

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Elementary Schools, Middle Schools, High Schools, Charter Schools, Private Schools, Preschools

School Map

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View Directions on Google Maps to nearest Beach Access

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Estimated Monthly Mortgage Payment

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Save $61,203.88 of interest charges by adding an extra payment of $100 per month. View details from the link above.

Rate:
5.94% 6.19% 6.44% 6.69% 6.94% 7.19% 7.44% 7.69% 8.19%
0% Down
$1,781$1,829$1,878$1,927$1,977$2,028$2,078$2,130$2,234
3.5% Down
$1,719$1,765$1,812$1,860$1,908$1,957$2,006$2,055$2,156
10% Down
$1,603$1,646$1,690$1,735$1,779$1,825$1,871$1,917$2,010
20% Down
$1,425$1,463$1,502$1,542$1,582$1,622$1,663$1,704$1,787
30% Down
$1,247$1,281$1,315$1,349$1,384$1,419$1,455$1,491$1,564
40% Down
$1,069$1,098$1,127$1,156$1,186$1,217$1,247$1,278$1,340
50% Down
$891$915$939$964$989$1,014$1,039$1,065$1,117

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Crime Mapping

Last 7 days of crime (you can then change it to go back further)

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Listing courtesy of Eovino & Associates, Inc.


Active means currently for sale. Active Under Contract means in escrow but still showing and looking for offers. Pending means in escrow and not looking for offers. Hold means the property is temporarily off the market. Cancelled means it is off the market.

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Based on the information from the Multiple Listing Service of HiCentral MLS, Ltd. Active listings last updated on 08.08.26. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent and we offer you are 20% rebate on our commission. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation. The offer of compensation to cooperating participants is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference

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