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MLS: 202603534 (Active - For Sale)Condo: Ala Wai Cove #201
 
Asking Price: $409,000 FS - Fee Simple
Type: Condominium
District: Metro
Address: 509 University Avenue, Honolulu, HI
Maintenance Fee: 1359.00
Neighborhood: Kapiolani
Beds: 2   Baths: 1
Living Area: 705 SF
Land Area: 0.64 Acres
View: City,Diamond Head,Marina/Canal
Parking: Assigned,Open - 1,Street
Amenities: Community Laundry,Resident Manager,Storage,Trash Chute
Days on Market: 18
(The Price of the property was lowered by $11,000 on 02/23/2026)
Year Built: 1961
Zoning: 13 - A-3 High Density Apartment
Land Recorded: Dual Systems
Property Taxes: $90
Assessed Value: $391,700
Assessed Ratio: 104.42%
Listing Courtesy: Corcoran Pacific Properties
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All Units For Sale in Ala Wai Cove


Own a piece of paradise at the Ala Wai Cove. This rare boutique condo is perfectly situated across the canal from Waikiki and down the street from the University of Hawaii, Iolani School, H-1 Freeway and much more. There’s a proposed upcoming Ala Wai bridge project that would provide you with ease to Waikiki and its beautiful beaches. This cozy low-floor two bedroom unit features 705 sqft of interior space, a spacious 93 sqft open lanai and the bonus option of being able to walk up some stairs to your unit from your deeded parking stall rather then taking the elevator. Step inside this corner unit to discover an open living space with abundant natural light that fills every room to showcase the contemporary finishes while blending island-inspired elegance and modern comforts. The large beautiful new kitchen, flooring, sliding glass door, window and split AC’s add extreme value to this already wonderfully designed unit. Attention to detail and pride in this renovated home is refreshing.

2 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
251543809/14/200503/10/2006$269,000$265,000
20172051609/26/201701/10/2018$387,000$381,000

1 Comparable Units Sold in Ala Wai Cove (Last 12 months)
Description List Date Sold Date List Price Sold Price
2 Bed 1 Bath07/04/202510/31/2025$275,000$250,000
Average Price:  $250,000

 
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Copyright: 2015 by the HiCentral MLS, Ltd.
 
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Maui Luxury Real Estate, LLC is a real estate brokerage firm licensed to
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