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2969 Kalakaua Ave APT 1201, Honolulu, HI, 96815

2beds
2baths
2,275sqft
$6,588,888
$2,896price/sqft
$36,044/moest. monthly cost
$1,441,760/yrincome needed

About This Home

Breathtaking ocean views await from every room of "Maluhia," a sanctuary of quiet luxury perched at the edge of Diamond Head. Located within the prestigious Diamond Head Apartments—a landmark oceanfront building masterfully designed by Hawaii’s renowned architect, Vladimir Ossipoff—this fabulous penthouse unit was completely reimagined in 2024. The stunning residence beautifully blends contemporary design with the soulful simplicity of wabi-sabi. The home boasts soaring ceilings, an expansive primary suite, and a spacious, spa-inspired bath. Elegant interiors feature warm Italian natural stones and tiles, custom seamless cabinetry, and a premium Chef's kitchen. Thoughtfully curated with the finest natural materials, the soft textures and clean architectural lines evoke a deeply peaceful atmosphere. Floor-to-ceiling glass frames the Pacific Ocean, effortlessly inviting the outside in. True to its name, Maluhia (Peace) embodies an elevated, restorative lifestyle—a rare retreat where sophistication whispers. Experience the ultimate in Gold Coast oceanfront living, where timeless mid-century architecture meets modern coastal perfection.

Getting Around

53
WalkingSomewhat Walkable
49
TransitSome Transit
70
BikeVery Bikeable

Schools

10/10
Waikiki Elementary SchoolGrades PK-50.6 mi
10/10
Kaimuki Middle SchoolGrades 6-81.7 mi
10/10
Kalani High SchoolGrades 9-123.2 mi

Construction

Condition

  • Property condition: Excellent,Updated/Remodeled
  • Year built: 1957

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: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Bedroom on Main Level,Full Bath on Main Level,Storage,Single Living Level
  • Flooring: Ceramic Tile
  • Common walls with other units/homes: End Unit

Interior Area

  • Total structure area: 2,275
  • Total interior livable area: 2,275 sqft

Property

Details

  • Parcel number: 1310320040054
  • Zoning description: 12 - A-2 Medium Density Apartme
  • Special condition: None

Features

  • Levels: Three Or More,One
  • Pool features: Heated
  • Has view: Yes
  • View description: Mountain(s),Ocean,Sunset
  • Has water view: Yes
  • Water view: Ocean
  • On waterfront: Yes
  • Frontage type: Oceanfront

Parking

  • Total spaces: 2
  • Parking features: Assigned,Covered,Two Spaces,Secured

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

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

How This Home’s Risks Compare

Lightning
Earthquake
Inland Flooding
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 $33,317$399,804
Home Insurance *$293$3,516
Property Taxes $1,702$20,424
Electricity $732$8,791
Total$36,044$432,528
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,235,794/yr
40% on housing$1,081,320/yr
45% on housing$961,173/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

$2,896This listing

vs Other Active Listings

Avg $/sqft

ZIP 96815$671
Honolulu County$745

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)

No zestimate history available

Price History

DateEventPrice
2026-06-02Price change$6,588,888
2020-12-26Pending sale$4,200,000
2018-02-28Listing removed$5,350,000
2017-11-07Listed for sale$5,350,000
2012-10-18Listing removed$4,950,000
2012-05-18Listed for sale$4,950,000

For Sale by Agent

AgentSeiko Ono
BrokerageList Sotheby's Int'l Realty

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