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Ocean View Ala Wai Terrance Condo in Waikiki

(Waikiki, HI) Mortgage interest rates are at an all-time low, rental occupancy up with low sales inventory can only mean one thing: If you’ve got cash, be the King of Waikiki real estate and utter the words, “CASH is King!” Is this the right time to jump into the real estate market in Waikiki?

Beach Prime Real Estate in Waikiki Ala Wai Terrace Condo

1684 Ala Moana, Blvd #1251 is a bargain deal considering the high-rise condo is just steps away from Waikiki Beach and the Hilton Hawaiian Village where you can enjoy weekly spectacular fireworks shows.

Kitchen living room

Kitchen (left); Living room (right)

This Ala Wai Terrace 2-bedroom, 743 sq. ft. condo with spectacular ocean views is listed at $450,000 (MLS# 1215584). It overlooks the harbor that Gilligan, the Skipper, and all their friends sailed off from on that dreary stormy day when the tale of a fateful crew was stranded on Gilligan’s Island.

Master bedroom Another photo of 2nd bedroom

Master bedroom (left); 2nd bedroom (right)

Who needs a car when the grocery stores and the world-famed Ala Moana Shopping Center are just a few blocks away? Not to mention, the opportunity to watch Hawaii Five-O when the popular series films at a pseudo Shave-Ice area at Ala Moana Beach.

Ocean Building

Across the Waikiki Beach and Ala Moana Beach Park

Is Buying Prime Real Estate in Waikiki at the Bottom of the Market a Good Idea?

I remember when the neighborhood was too expensive to venture into. Since the economic downturn, we are seeing beachfront properties with price tags that are unheard of. Donald Trump’s motto of buying low and selling high may be a good indicator of success. Study the charts and you decide.

Contact me if you would like to see Ala Wai Terrace #1251.

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