42% Off Waikiki Condo – Now Only $144,900 Leasehold

Looking for a great deal in Waikiki? We just reduced Pomaikai #17A to $144,900 leasehold.

Pomaikai #17A (MLS# 1012008) is a deal! Here’s the view from one of two lanais….

Pomaikai is located at 1804 Ala Moana Blvd. There are only 2 units per floor. The subject property comes with one covered parking stall and has a swimming pool. This unit came on market just over a year ago with another brokerage firm and originally was priced over $100,000 more at $249,000 leasehold.

Today’s price is a steal. The owner paid $425,000 just 3.5 years ago! This is one of the largest price slashes I’ve seen in Honolulu! The beauty about this is the Fee Simple interest was offered by the land owner last year for $135,000. Unfortunately, the offer is off the table at the moment, however if this were to be offered again, that would make $280,000 fee simple. Currently, the Fee Simple units are going for around $400,000!

This will go fast. The Seller is motivated and will look at all offers. Contact me for more information.

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