Looking for the perfect Waikiki Beach residence? Want to live right in the heart of it all with stunning views and that effortless beach lifestyle? Welcome to Foster Tower unit #901 (MLS# 1212123).
One of eight available units as of this writing, the much desired ‘01’ corner stack condos face the Pacific Ocean directly, resulting in some of the most unbelievable oceans views in all of Waikiki. With almost 1,200 sq.ft. of interior space, this 2 bedroom/2 bath unit is being offered at $965,000.
Foster Tower Property Ownership
Foster Tower is a mix of Fee and Leasehold, with unit #901 being Leasehold; however, the fee is available for purchase for $539,100 for a total of $1,504,100.
It should be noted that it is not necessary to purchase the fee, of course, but the currently monthly lease is $499, or $5,988/year until it renegotiates in December of 2022. My advice to any buyer is to purchase one of these Leasehold/Fee Purchase combos. It’s prudent; when the leaseholds are gone and all of the condos are fee simple, it will be hard to get this deal on an ocean view condo of this size right across from the beach.
Currently Available Foster Tower Condos
There are seven other units available in Foster Tower. They are priced from $288,000 to $1,850,000 including a few studios, some 1-bedrooms, a couple of 2-bedrooms, and even a 4-bedroom unit that is a combination of three units into one (that is being offered at $1,850,000).
So if this is the building for you, and your total immersion into the Waikiki Beachfront Lifestyle, then let’s talk, there’s more than likely something at Foster Tower to suit your needs.