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2029 Ala Wai Blvd #Penthouse 2, Honolulu, HI, 96815

3beds
3baths
1,842sqft
$1,599,000
$868price/sqft
$9,162/moest. monthly cost
$366,480/yrincome needed

About This Home

Nice island living in this exceptional 3-bedrooms, 2.5 bathrooms Penthouse with breathtaking panoramic views of Diamond Head, the Ala Wai Canal, Waikiki Beach, surrounding mountains, and the city skyline. Offering over 1,800 sq. ft. of interior living space, this expansive residence features an open floor plan, a versatile den currently used as an office with built-in cabinetry and desk, and a rare wrap-around lanai ideal for indoor-outdoor living and entertaining. This gorgeous and turn-key penthouse is ideally situated at the gateway to Waikiki, just blocks from beaches, dining, shopping, and entertainment, this penthouse offers a rare combination of space, comfort, views, and location. Renovated in 2025, the home includes a beautifully designed island kitchen with custom cabinetry, high-end appliances, and modern finishes throughout. Luxury vinyl plank flooring, ceramic tiles, and upgraded bathrooms contribute to a refined, contemporary aesthetic. Large sliding glass doors and windows provide abundant natural light and excellent cross-ventilation throughout the residence. Additional storage is conveniently located on the same floor.

Getting Around

87
WalkingVery Walkable
66
TransitGood Transit
91
BikeBiker's Paradise

Schools

3/10
Ala Wai Elementary SchoolGrades PK-50.2 mi
3/10
Kaimuki High SchoolGrades 9-120.9 mi

Construction

Condition

  • Property condition: Excellent,Updated/Remodeled
  • Year built: 1971

Materials

  • Construction materials: Concrete

Notable Dates

  • Major remodel year: 2025

Type & Style

  • Home type: Condo
  • Architectural style: High Rise,Penthouse
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Flooring: Ceramic Tile,Vinyl

Interior Area

  • Total structure area: 2,696
  • Total interior livable area: 1,842 sqft

Property

Details

  • Parcel number: 1260150090034
  • Zoning description: X2 - Apartment Precinct
  • Special condition: None

Features

  • Levels: Three Or More
  • Has view: Yes
  • View description: Canal,Coastline,City,Mountain(s),Ocean,Sunset,Sunrise
  • Has water view: Yes
  • Water view: Canal,Coastline,Ocean
  • Frontage type: Canal

Parking

  • Total spaces: 1
  • Parking features: Assigned,Covered,One Space

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Earthquake
    EarthquakeModerate
  • Tsunami
    TsunamiModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Coastal Flooding
Earthquake
Tsunami

FEMA Declared Disasters Across Hawaii Counties

Fire

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,085$97,020
Home Insurance *$71$852
Property Taxes $413$4,956
Electricity $593$7,117
Total$9,162$109,944
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$314,125/yr
40% on housing$274,860/yr
45% on housing$244,320/yr

Hawaii FAIR Plan Programs

Hawaii - Hurricane Relief Fund

Covered
WindWind
Visit Website →
Current Policies
Residential: 2,402Commercial: -4
Total Premiums$5.57M
Total Exposure$928.92M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.3%
7.3%
0%30.0%
Electricity Growth Rate10-year average: 5.6%
5.6%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$868This listing

vs Other Active Listings

Avg $/sqft

ZIP 96815$696
Honolulu County$747

vs Homes Sold Last Month

Median $/sqft

ZIP 96815$1,414
Honolulu County$707

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-01-27Listed for sale$1,699,000

For Sale by Agent

AgentJulie R Luke
BrokerageCadmus Properties Corporation

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