Colony Surf #1901 and #1902 (MLS# 1203384) is offered at $2,450,000
About Colony Surf
The tallest building on Diamond Head’s Gold Coast, it also has the most units with almost all enjoying fantastic ocean views. Ever since it was developed by John Barkhorn in the early 1960′s this building has been a favorite. With Michelle’s restaurant on the ground floor and the famous Outrigger Canoe Club next door, it has attracted many visitors over the years.
At one time it was split between a hotel operation and individually owned units. The major developments of recent years was the sale of the hotel units to owners as well as the acquisition of the last piece of underlying fee simple land to make it an all fee simple building.
Sales Statistics For Colony Surf
Seven units sold in the last 12 months, with the top one being at $2,850,000 for 1403/1404/1405, which was three units combined. The other 6 were 1 bedroom/1 bath units that sold between $564,000 and $1,15,000 – the difference largely being dependent upon floor and updates.
Unit #909 (MLS# 120054) is available at $985,000
Current Inventory at Colony Surf
With 4 units available for sale between $829,000 and $985,000 and one in escrow at an asking price of $2,450,000, the inventory is definitely shrinking, as the desirability of this building has shown.
Please contact me if you would like additional information or to schedule a showing of one these available units.