Set just beyond the energy of Waikiki, this beautifully renovated two-bedroom residence at Ala Wai Cove offers a refined balance of comfort and quality. Thoughtfully updated with high-end materials, the interior features engineered hardwood flooring, a well-appointed kitchen with stainless steel appliances and granite countertops, and an upgraded bathroom with large walk-in shower. The layout feels both functional and inviting, designed for everyday living with a clean, modern aesthetic. Expansive windows and a spacious 93 square foot lanai frame views of the Ala Wai Canal, the ocean beyond, and the vibrant Waikiki skyline, creating a dynamic backdrop from morning to evening. Whether enjoying your morning coffee or winding down at sunset, the lanai extends the living space and invites in cooling island breezes. Conveniently located near Waikiki, Iolani School, the University of Hawaii, shopping, dining, and major thoroughfares, Ala Wai Cove offers easy access to the best of Honolulu while remaining comfortably removed from the crowds. There is an $85K assessment = $548.38 monthly, building is starting work on hot water, fire safety and waste drains.
Active
$399,000
509 University Ave APT 1003, Honolulu, HI 96826
2beds
696sqft
Condominium
Built in 1961
-- sqft lot
$377,600 Zestimate®
$573/sqft
$1,351/mo HOA
What's special
Clean modern aestheticEngineered hardwood flooringExpansive windowsBeautifully renovated two-bedroom residence
- 248 days
- 142
- 5
Zillow last checked:
Listing updated:
Listed by:
Alesia D Barnes 808-397-7928,
Compass,
Aaron D Businger 808-429-2353,
Compass
Source: HiCentral MLS,MLS#: 202528533
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Ceramic Tile, Laminate
Interior area
- Total structure area: 789
- Total interior livable area: 696 sqft
Property
Parking
- Total spaces: 1
- Parking features: Assigned, Covered, One Space
Features
- Levels: Three Or More
- Has view: Yes
- View description: Canal, Coastline, City, Mountain(s), Ocean, Sunset
- Has water view: Yes
- Water view: Canal,Coastline,Ocean
Details
- Parcel number: 1270130110072
- Zoning description: 13 - A-3 High Density Apartment
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Architectural style: High Rise,Penthouse
- Property subtype: Condominium
Materials
- Concrete
Condition
- Excellent,Updated/Remodeled
- New construction: No
- Year built: 1961
- Major remodel year: 2025
Community & HOA
Community
- Features: Laundry Facilities, Storage Facilities
- Security: Key Card Entry
- Subdivision: Kapiolani
HOA
- Amenities included: Management
- Services included: Common Areas, Sewer, Water
- HOA fee: $1,351 monthly
Location
- Region: Honolulu
Financial & listing details
- Price per square foot: $573/sqft
- Tax assessed value: $435,500
- Annual tax amount: $1,104
- Date on market: 1/1/2026
- Inclusions: AC Split, Cable TV, Microwave, Range Hood, Range/Oven, Refrigerator, Smoke Detector
Estimated market value
$377,600
$359,000 - $396,000
$2,650/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/1/2026 | Listed for sale | $399,000$573/sqft |
Source: | ||
| 4/24/2007 | Sold | $399,000+41%$573/sqft |
Source: Public Record Report a problem | ||
| 6/30/2004 | Sold | $283,000$407/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $412,700 -5.2% |
| 2025 | $1,104 +0.8% | $435,500 +0.6% |
| 2024 | $1,096 +3.1% | $433,100 +7.3% |
| 2023 | $1,063 +5.3% | $403,700 +3.9% |
| 2022 | $1,009 +1.7% | $388,400 +1.3% |
| 2021 | $992 -2.8% | $383,500 -2.1% |
| 2020 | $1,021 -3% | $391,600 +2.9% |
| 2019 | $1,052 -1.5% | $380,500 -1.2% |
| 2018 | $1,068 +4.4% | $385,200 +3.5% |
| 2017 | $1,023 +4.3% | $372,300 +3.4% |
| 2016 | $981 +6.9% | $360,200 +5.3% |
| 2015 | $917 +11.8% | $342,100 +5% |
| 2014 | $820 | $325,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Kapiolani
Nearby schools
Schools provided by the listing agent
- Elementary: Ala Wai
- Middle: Washington
- High: Kaimuki
Source: HiCentral MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





