The King and Queen towers of Liliuokalani Gardens condominiums offer a nice quality of living in a resort setting with tropical grounds at the Diamond Head end of Waikiki.
Liliuokalani Gardens grounds
There are currently four fee simple 1-bedroom condos listed for sale ranging in price from $359,000 to $395,500. Three of the listings are the the smaller 538-570 sq. ft. interiors and the highest priced listing is 620 sq. ft. interior with a separate dining area. Here is a video tour of my listing—the larger 1-bedroom condo and grounds.
The average listing price of a fee simple 1-bedroom condo is $384K and the average sold price is $362K for the past 6 months. There are also two 2-bedroom condos listed at $605K and $800K as well as two studios listed at $220K and $229K. You can see all these listings on my Waikiki Condo Vacation Homes property gallery.
A lot of buyers are attracted to the resort ambiance of Liliuokalani Gardens. Favorable financing is also available because it is classified as a residential building—specifically:
- All the condos have full kitchens
- There are no daily rentals allowed
- There is no front desk hotel-style operation
Lenders typically require 35-50% down payment on condos that are run like hotels and/or do not have full kitchens. Whereas residential buildings can be financed with as little as 10% down payment on a primary residence. Liliuokalani Gardens is also one of those rare VA approved buildings, so veterans and active military buyers can procure VA financing with no down payment when purchasing a condo as a primary residence.
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