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Ala Wai Cove

509 University Avenue Unit 1003 Honolulu HI 96826

$399,000 | Active

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

Listed on 01-01-2026

2 Bedrooms, 1 Full Bath, 0 Half Baths, 1 Parking Spaces

696 Square Feet Living * $1,351 Total Association Fees

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Property Last Viewed: 08/07/2026 06:04 PM, Total Views Today: 0, Total Views: 337

Viewed History

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OahuRE.com Notes About This Property

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

The last sale on June 30, 2004, used Conventional financing, so it is not an assumable mortgage.

Listed previously on May 21, 2004 for $283,000. View Details

There are 2 buildings in the same neighborhood with similar units for sale.

There are 74 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 1003

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509 University Avenue  Unit 1003

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509 University Avenue  Unit 1003

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509 University Avenue  Unit 1003

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Property Details

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MLS#: 202528533 * Questions?
Status: Active since 01-01-2026 See History
Price: $399,000
Monthly: $ 3,757.81 Update the default down payment and interest rate
  Monthly payment estimate for $ 399,000 price, 10% down, 6.69% interest rate, 30 year loan, $ 92 taxes, and $ 1,351 fees. Insurance not included.
Beds: 2   Baths: 1   Half: 0  Parking Spaces: 1
Living Sq Ft: 696
Land Tenure: FS - Fee Simple
Total Fees: $1,351
Lanai Sq Ft: 93
Address: 509 University Avenue 1003 Honolulu HI 96826
Region: Metro - Activity
Neighborhood: Kapiolani - Activity
Street: University - Activity * University Avenue 1003 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: $399,000
Change: $0    0.00%
Parcel#: 1-2-7-013-011-0072
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 219 days in Active or In Escrow Showing
Date: Listed: 01-01-2026
Date: Status Change: 01-01-2026
Recent History: Last Sold on 06-30-2004 for $283,000 - MLS# 2407227 - Seller's Agent: Brian Uy, Buyer's Agent: Roy J Rexroat
Year Built: 1961 Remodeled: 2025
View: City, Coastline, Marina/Canal, Mountain, Ocean, Sunset
Frontage:
Monthly Tax: $92 Year: 2025
Land: FS - Fee Simple
Condition: Excellent

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Description:

Set just beyond the energy of Waikiki, this beautifully renovated two-bedroom residence at Ala Wai Cove offers a refined balance of comfort and quality. Thoughtfully updated with high-end materials, the interior features engineered hardwood flooring, a well-appointed kitchen with stainless steel appliances and granite countertops, and an upgraded bathroom with large walk-in shower. The layout feels both functional and inviting, designed for everyday living with a clean, modern aesthetic. Expansive windows and a spacious 93 square foot lanai frame views of the Ala Wai Canal, the ocean beyond, and the vibrant Waikiki skyline, creating a dynamic backdrop from morning to evening. Whether enjoying your morning coffee or winding down at sunset, the lanai extends the living space and invites in cooling island breezes. Conveniently located near Waikiki, Iolani School, the University of Hawaii, shopping, dining, and major thoroughfares, Ala Wai Cove offers easy access to the best of Honolulu while remaining comfortably removed from the crowds. There is an $85K assessment = $548.38 monthly, building is starting work on hot water, fire safety and waste drains.

 
 
Inclusions: AC Split, Cable TV, Microwave, Range Hood, Range/Oven, Refrigerator, Smoke Detector

Amenities: Community Laundry, Resident Manager, Storage

Utilities: Construction: Above Ground, Concrete Lot Features: Floor: Ceramic Tile, Laminate Disclosures: Property Disclosure Stmt Land Recorded: Dual Systems Furnished: None

Possession: At Closing Terms: Cash, Conventional, VA Sale Conditions: None Pet Friendly: Yes Occupancy: 60% Number of Parking Spaces: 1 Parking Spaces Number: 1 Floor Number: 10 Elevators: 2 Management Company Name & Phone: Hawaiiana 808-593-9100

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Sold Price:
Concession:
Closed:
Sold Ratio:
Days Sold:
Land: $98,100
Building: $337,400  
Assessed Total: $435,500  
Assessed Ratio: 91.62%
Pool:
Location:
Parking: Assigned, Covered - 1

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District Locator: DOE Locator to Confirm District
Area Total: 0
Acres: 0.0000
Topography:
Building Style: High-Rise 7+ Stories
Building: Ala Wai Cove
New Const: No

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Maint. Fee: $1,351
Assoc. Fee: $0
Other Fee: $0
Includes: Other Common Expenses, Sewer, Water
Total Fees: $1,351
Exemption: 120000
Other: 0
Lanai Sq Ft: 93
Garage Sq Ft: 0
Avg Sq Ft Living: $573.28
Security: Card, Key
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
01-01-2026 202528533 New Listing Active $399,000 $0 $435,500 $98,100 $337,400
07-01-2004 2407227 Sold In Escrow Showing Sold $283,000 $283,000 $136,800 $18,000 $118,800
06-14-2004 2407227 Active Continue to Show Active In Escrow Showing $283,000 $283,000 $136,800 $18,000 $118,800
05-21-2004 2407227 New Listing Active Active $283,000 $283,000 $136,800 $18,000 $118,800

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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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Neighborhood Boundaries

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

School Map

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Estimated Monthly Mortgage Payment

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Save $64,806.01 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
$2,377$2,441$2,506$2,572$2,638$2,706$2,773$2,842$2,981
3.5% Down
$2,294$2,356$2,419$2,482$2,546$2,611$2,676$2,742$2,876
10% Down
$2,139$2,197$2,256$2,315$2,375$2,435$2,496$2,558$2,683
20% Down
$1,901$1,953$2,005$2,058$2,111$2,165$2,219$2,274$2,385
30% Down
$1,664$1,709$1,754$1,800$1,847$1,894$1,941$1,989$2,087
40% Down
$1,426$1,465$1,504$1,543$1,583$1,623$1,664$1,705$1,788
50% Down
$1,188$1,221$1,253$1,286$1,319$1,353$1,387$1,421$1,490

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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 Compass


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.

Buyer's rebate is 20% of our commission when we represent the buyer.

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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