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Oahu’s Ilikai Condo Hotel on the Rebound

The Ilikai Condo and Hotel is one of Oahu’s iconic properties made famous with Jack Lord in the opening scene of the original Hawaii Five-O Series.

With the popularity of the new Hawaii Five-O Series, weak U.S. dollar, and the peak holiday season approaching, we’ve been getting more and more calls about the Ilikai.

Since it is difficult for foreigners to get a loan in the U.S. (not having established credit here), they are typically cash buyers. I’ve also found that a lot of buyers prefer to have a product that offers the flexibility to rent out short-term, long-term, or live in. I’ll be honest, this is something that sounds appealing to me if I were to invest 0utside of Hawaii as well.

Unfortunately, the Ilikai has had a troubled past in recent years with a large block of units that were foreclosed on. The good news is sales have started to pick up. We sold one of the rock bottom prices earlier in the year at $180,000. As of today, the lowest priced listing is $229,997 (MLS# 1013195) for a low floor on the mountain side of the building.

This 2,378 square foot 2 bed, 2 bath unit (MLS# 1012039) is listed for $1,980,000

Unit 2603 (above) is the one of the more luxurious units in the building, and is an example of how this iconic building is coming back around…

If the Ilikai is a building that interests you, feel free to check my gallery of Ilikai condos, or contact me for more information.

In addition, if you’re a Hawaii Five-O fan, check out the articles on real estate in the episodes our team has been writing about.

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Hawaii Five-O (Hana ‘a’a Makehewa) Visits Downtown Real Estate « Hawaii Real Estate Market

February 22, 2011

[…] Ho was able to track him down at Ala Wai Harbor next to the Ilikai, only to find himself ambushed, which led back to where the episode started […]

Hawaii Five-O (Hana ‘a’a Makehewa) Visits Downtown Real Estate « Hawaii Real Estate Market

February 22, 2011

[…] Ho was able to track him down at Ala Wai Harbor next to the Ilikai, only to find himself ambushed, which led back to where the episode started […]

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