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Ala Wai Cove condo # 1003, Honolulu, Hawaii - photo 2 of 20
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509 University Ave unit 1003, Honolulu, HI, 96826
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Ala Wai Cove unit 1003, Kapiolani condo

$399,000 Condo for sale 2 beds 696 sqft Neighborhood:  Kapiolani
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.
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Condo details

696 sqft interior area
  • Condo building Ala Wai Cove
  • Year Built 1961
  • Year Remodeled 2025
  • Days on market 8
  • Price per sqft $573/sqft
  • Beds 2
  • Maintenance fees $1,302
  • Total Monthly fees $1,302
  • Address

    509 University Ave unit 1003, Honolulu, HI, 96826

  • Total area 789 sqft
  • Interior area 696 sqft
  • Open Lanai area 93 sqft
  • nr.of parking places 1
  • Floor Number 10
  • Inclusions AC Split, Cable TV, Microwave, Range Hood, Range/Oven, Refrigerator, Smoke Detector
  • Neighborhood Kapiolani
  • City of Oahu Honolulu
  • Floors Ceramic Tile, Laminate
  • Region Honolulu
  • Island Oahu
  • Land tenure FS - Fee Simple
  • View City, Coastline, Marina/Canal, Mountain, Ocean, Sunset
  • Virtual Tour View (external link)

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$2,035
Taxes
$92
HOA dues
$1,302
$3,429 per month
Mortgage
Down payment
$79,800 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $2,035 / month

Neighborhood: Kapiolani

Nearby & commute
Walkability
Coffee shops
no data
Bus stop
no data
Supermarket
no data
Costco
no data
Hospital
no data
Park
no data
Beach
no data
Elementary school
no data
Middle school
no data
High school
no data
Local airport
no data
13.5 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Building: Ala Wai Cove

Above Ground, Concrete construction
Property type
High-Rise 7+ Stories
Construction
Above Ground, Concrete

Building community amenities and features

Furnished
None
Property Condition
Excellent
Other Fee Includes
Other Common Expenses,Sewer,Water
Parking
Assigned, Covered - 1
Amenities
Community Laundry, Resident Manager, Storage
Unit features
Odd# Unit, Penthouse

Kapiolani prices

Average price $3.34m
Neighborhood average sales price*
$3.34m
Neighborhood median sales price*
$3.2m
Number or sales*
13
Street median sales price*
$890k
Median sale price Kapalua Ridge*
$890k
*last 6 months

Schools

15 schools in this area
School rating Distance
NR
Ala Wai Elementary School
503 Kamoku St, Honolulu, HI 96826
Elementary School
0.049mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
Middle School
0.22mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
High School
0.22mi
School rating Distance
NR
Ala Wai Elementary School
503 Kamoku St, Honolulu, HI 96826
0.049mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.22mi
NR
Prince Jonah Kuhio Elementary School
2759 South King St, Honolulu, HI 96826
0.517mi
NR
King William Lunalilo Elementary School
810 Pumehana St, Honolulu, HI 96826
0.587mi
NR
Our Redeemer Lutheran School
2428 Wilder Avenue, Honolulu, HI 96822
0.748mi
School rating Distance
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.22mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.539mi
NR
Our Redeemer Lutheran School
2428 Wilder Avenue, Honolulu, HI 96822
0.748mi
NR
Education Laboratory Public Charter School
1776 University Ave, Honolulu, HI 96822
0.906mi
NR
President George Washington Middle School
1633 South King St, Honolulu, HI 96826
0.911mi
School rating Distance
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.22mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.539mi
NR
Kaimuki High School
2705 Kaimuki Ave, Honolulu, HI 96816
0.676mi
NR
Lutheran High School Of Hawaii
1404 University Avenue, Honolulu, HI 96822
0.778mi
NR
Education Laboratory Public Charter School
1776 University Ave, Honolulu, HI 96822
0.906mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Sold Jul 1, 2004
Date Event Price $/sqft Source
Jul 1, 2004 Sold $283,000 $406.61 Public Record
Jun 14, 2004 Active Under Contract $283,000 $406.61 MLS #2407227
May 21, 2004 New Listing $283,000 $406.61 MLS #2407227
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Tax & MLS details 509 University Ave unit 1003, Honolulu, HI, 96826

MLS #202528533
Current Property Taxes p/month
$92
Assessed Improvement value
$337,400
TMK
1-2-7-013-011-0072
Flood Zone
Zone A
Total Assessed value
$435,500
Listed by
Compass
(808) 825-4277
MLS #
202528533
Hawaii House tour report for this condo
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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Frequently asked questions for 509 University Ave unit 1003

What is 509 University Ave unit 1003?

509 University Ave unit 1003 is a condo in the Ala Wai Cove building located in Honolulu, HI. This is a 2 beds, condo in the Kapiolani neighborhood. This apartment has 696 sqft interior space with city, coastline, marina/canal, mountain, ocean, sunset views. Unit #1003 is located on floor number 10 and the property condition is excellent.

When was this condo built and last sold?

This house was build in 1961.

What is the full address of this condo?

509 University Ave unit 1003, Honolulu, HI, 96826.

Are there beaches near 509 University Ave unit 1003?

No, there aren't.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2026 by HiCentral Mls, Ltd. Listing courtesy of Compass. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.

Listings last updated on January 01, 2026.
Hawaii House Last checked less than a minute ago.

509 University Ave unit 1003 is a condo in the Ala Wai Cove building located in Honolulu, HI. This is a 2 bed, condo in the Kapiolani neighborhood. This apartment has 696 sqft interior space with  City, Coastline, Marina/Canal, Mountain, Ocean, Sunset views. Unit #1003 is located on floor number 10 and the property condition is excellent. The neighborhood is Kapiolani and the full address is 509 University Ave unit 1003, Honolulu, HI, 96826.

Condo for sale $399,000 509 University Ave unit 1003, Honolulu, HI, 96826 2 beds | 696 sqft Save House Remove from Saved