| Description | All New Plumbing!! New Drain and Supply Lines with 1-5 Year Warranty!! Fire Safety improvements were also just completed. 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. |
|---|---|
| Status | Active since 01-01-2026 |
| MLS# | 202528533 |
| Price | $399,000 |
| Original Price | $399,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 2 / 1 / 0 |
| Parking Spaces | 1 |
| Living Sq Ft | 696 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $1,351 |
| Lanai Sq Ft | 93 |
| Building | Ala Wai Cove |
| Address | 509 University Avenue 1003 Honolulu HI 96826 |
| Region | Metro |
| Neighborhood | Kapiolani |
| Days on Market | 269 |
| Year Built | 1961 |
| Year Remodeled | 2025 |
| Condition | Excellent |
| View | City, Coastline, Marina/Canal, Mountain, Ocean, Sunset |
| Parking | Assigned, Covered - 1 |
| Zoning | 13 - A-3 High Density Apartment |
| Flood Zone | Zone A |
| Elementary | Ala Wai |
| Middle | Washington |
| High | Kaimuki |
| Tax Amount | $92 |
| Assessed Land | $98,100 |
| Assessed Building | $337,400 |
| Assessed Total | $435,500 |
| Assessed Ratio | 92% |
| Inclusions | AC Split, Cable TV, Microwave, Range Hood, Range/Oven, Refrigerator, Smoke Detector |
| Amenities | Community Laundry, Resident Manager, Storage |
| Construction | Above Ground, Concrete |
| Flooring | Ceramic Tile, Laminate |
| Disclosures | Property Disclosure Stmt |
| Furnished | None |
| Land Recorded | Dual Systems |
| Possession | At Closing |
| Sale Conditions | None |
| Building Style | High-Rise 7+ Stories |
| Security | Card, Key |
| Parcel # | 1-2-7-013-011-0072 |
| Listing courtesy of | Compass |
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 | A | $399,000 | $0 | $435,500 | $98,100 | $337,400 | |
| 07-01-2004 | 2407227 | Sold | C | S | $283,000 | $283,000 | $136,800 | $18,000 | $118,800 |
| 06-14-2004 | 2407227 | Active Continue to Show | A | C | $283,000 | $283,000 | $136,800 | $18,000 | $118,800 |
| 05-21-2004 | 2407227 | New Listing | A | $283,000 | $283,000 | $136,800 | $18,000 | $118,800 |
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