| Description | Motivated seller, just reduced $10,000!! Watermark is one of the premiere condominium buildings in Waikiki! Preferred rarely available "01" corner unit on the lower floor with eye-level view of the boat harbor, ocean and common area of landscaped tropical garden. Additional windows in the kitchen, dining area and main bedroom for extra comfort. Conveniently located to many of the shopping and eating establishments in Waikiki, as well as Ala Moana Shopping Center and Ala Moana Beach Park. This unit offers newly installed flooring, new paint & new refrigerator. Unit taken off the market (Aug 14 - Nov 24, 2025) for renovation. Move in Condition. Well planned layout provides both convenience and privacy. Building amenities include heated swimming pool & spa, gym, meeting room, sauna, BBQ area, beautiful garden area with walking path. Two reserved covered parking stalls & storage locker. Concierge desk and 24 hour security. |
|---|---|
| Status | Active since 05-01-2025 |
| MLS# | 202511076 |
| Price | $979,000 |
| Original Price | $1,180,000 |
| Price Change | $-201,000 (-17.03%) |
| Beds / Baths / Half | 2 / 2 / 0 |
| Parking Spaces | 2 |
| Living Sq Ft | 1,196 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $2,002 |
| Building | The Watermark |
| Address | 1551 Ala Wai Boulevard 401 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 514 |
| Year Built | 2008 |
| Year Remodeled | 2025 |
| Condition | Above Average |
| View | Marina/Canal |
| Frontage | Other |
| Parking | Assigned, Covered - 2, Guest, Secured Entry, Street |
| Zoning | X2 - Apartment Precinct |
| Flood Zone | Zone AE |
| Elementary | Jefferson |
| Middle | Washington |
| High | Kaimuki |
| Tax Amount | $539 |
| Assessed Land | $240,100 |
| Assessed Building | $976,900 |
| Assessed Total | $1,217,000 |
| Assessed Ratio | 80% |
| Inclusions | AC Central, Auto Garage Door Opener, Blinds, Cable TV, Dishwasher, Disposal, Drapes, Dryer, Microwave, Range Hood, Range/Oven, Refrigerator, Smoke Detector, Washer, Water Heater |
| Amenities | BBQ, Condo Association Pool, Doorman, Exercise Room, Fire Sprinkler, Heated Pool, Meeting Room, Patio/Deck, Recreation Area, Resident Manager, Sauna, Security Guard, Storage, Trash Chute, Whirlpool |
| Construction | Above Ground, Concrete, Masonry/Stucco |
| Flooring | Ceramic Tile, Laminate |
| Disclosures | Property Disclosure Stmt |
| Furnished | Partial |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Building Style | High-Rise 7+ Stories |
| Security | Key, Keyed Elevator, Security Patrol, Video |
| Parcel # | 1-2-6-011-001-0014 |
| Listing courtesy of | Diamond Head Realty |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 07-14-2026 | 202511076 | Price Decrease | $1,079,000 | $979,000 | $979,000 | $0 | $1,217,000 | $240,100 | $976,900 |
| 12-23-2025 | 202511076 | Price Decrease | $1,180,000 | $1,079,000 | $979,000 | $0 | $1,217,000 | $240,100 | $976,900 |
| 11-24-2025 | 202511076 | Back On Market | T | A | $979,000 | $0 | $1,217,000 | $240,100 | $976,900 |
| 08-14-2025 | 202511076 | Hold | A | T | $979,000 | $0 | $1,217,000 | $240,100 | $976,900 |
| 05-01-2025 | 202511076 | New Listing | A | $979,000 | $0 | $1,217,000 | $240,100 | $976,900 | |
| 02-14-2011 | 1014543 | Sold | C | S | $840,000 | $830,000 | $931,000 | $138,800 | $792,200 |
| 01-14-2011 | 1014543 | Active Continue to Show | A | C | $840,000 | $830,000 | $931,000 | $138,800 | $792,200 |
| 12-29-2010 | 1014543 | Price Decrease | $888,000 | $840,000 | $840,000 | $830,000 | $931,000 | $138,800 | $792,200 |
| 11-12-2010 | 1014543 | New Listing | A | $840,000 | $830,000 | $931,000 | $138,800 | $792,200 | |
| 02-23-2010 | 2908704 | Withdrawn | A | W | $913,800 | $0 | $1,035,600 | $140,800 | $894,800 |
| 12-21-2009 | 2908704 | Price Decrease | $949,800 | $913,800 | $913,800 | $0 | $1,035,600 | $140,800 | $894,800 |
| 11-17-2009 | 2908704 | Price Decrease | $970,000 | $949,800 | $913,800 | $0 | $1,035,600 | $140,800 | $894,800 |
| 06-26-2009 | 2908704 | New Listing | A | $913,800 | $0 | $1,035,600 | $140,800 | $894,800 |
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