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Ala Wai Cove

Ala Wai Cove

Ala Wai Cove
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

509 University Ave
Honolulu, HI 96815
77 Units
10 Stories
1961 Year Built
$278K - $997K Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • City View
  • Balcony
  • Security Service
  • Card or Code Access
  • Laundry Facilities
  • 2 min walk to Ala Wai Neighborhood Park

Urban oasis in the heart of McCully-Mō'ili'ili

Ala Wai Cove, a 10-story condominium completed in 1961, stands as a testament to mid-century urban living in Honolulu. Located at the end of University Avenue, this 77-unit building offers residents a prime location in the vibrant McCully-Mo'ili'ili neighborhood. The structure's straightforward design reflects the practical ethos of its era, providing a comfortable home base for those seeking to immerse themselves in the dynamic pulse of urban Honolulu. With its proximity to educational institutions, parks, and cultural centers, Ala Wai Cove embodies the diverse and energetic spirit of its surroundings.

Versatile layouts with panoramic views

Ala Wai Cove offers a range of floor plans to suit various lifestyles, from cozy studios to spacious two-bedroom units. Studios, starting at 402 square feet, provide an efficient living space for singles or those seeking a pied-à-terre in the city. One-bedroom units, ranging from 551 to 605 square feet, offer a bit more room to spread out, with prices typically falling between $300,000 and $330,000. For those requiring additional space, two-bedroom units span from 696 to 811 square feet and are priced from $370,000 to $428,888. Many units in Ala Wai Cove have been thoughtfully updated over the years. Some feature modern touches such as hardwood floors, granite countertops, and stainless steel appliances, blending contemporary comfort with the building's vintage charm. Large windows are a hallmark of the units, flooding the interiors with natural light and framing views of the surrounding cityscape, Ala Wai Canal, and distant mountains. Corner units are particularly prized for their abundance of windows, which create a bright, airy atmosphere and enhance cross-ventilation. Most units include lanais, offering residents private outdoor spaces to enjoy Hawaii's pleasant climate. These balconies range in size, with some large enough to serve as an additional living area, perfect for morning coffee or evening relaxation. The building's layout typically features only three units per floor, ensuring a sense of privacy and exclusivity. While some units rely on window air conditioning units, many residents find that the trade winds provide natural cooling when windows and lanai doors are open. In-unit storage is often ample, with some floor plans boasting multiple closets in the hallways. For added convenience, full-size washers and dryers are standard in many units, a valuable amenity in urban living.

Practical amenities for comfortable city living

Ala Wai Cove offers a selection of amenities designed to enhance the urban living experience. The building's secure lobby features an intercom system, providing residents with peace of mind and convenient guest access. Each unit comes with an assigned covered parking space, a valuable asset in an area where street parking can be challenging. For those with additional vehicles, guest parking is available, offering flexibility for visitors or multi-car households. The building's community laundry facilities, located on each floor, provide a convenient alternative for units without in-unit laundry. These laundry rooms often include deep sinks, useful for handling larger items or pre-treating stains. Additionally, each resident is allocated a personal storage locker, offering extra space for seasonal items, sports equipment, or other belongings that might not fit comfortably in-unit. Ala Wai Cove is notably pet-friendly, allowing up to two pets per unit with no weight restrictions. This policy is relatively rare in the area and is a significant draw for animal lovers. While the building doesn't boast extensive recreational facilities, its location adjacent to Ala Wai Community Park more than compensates, offering residents easy access to green spaces and outdoor activities. The building is equipped with elevators, ensuring easy access to all floors. On-site management handles day-to-day operations and maintenance, contributing to the well-maintained condition of the property. While Ala Wai Cove may not offer luxury resort-style amenities, its practical features and prime location make it an attractive option for those seeking a comfortable home base in the heart of Honolulu.

A vibrant blend of urban convenience and local charm

Ala Wai Cove is situated in the dynamic McCully-Mo'ili'ili neighborhood, an area rich in history and cultural diversity. This vibrant community, with its roots tracing back to pre-Western contact Hawaii, has evolved into a bustling urban center that seamlessly blends the old with the new. The neighborhood's streets are alive with a mix of college students, families, and long-time residents, creating a unique and energetic atmosphere. The area surrounding Ala Wai Cove is a food lover's paradise, with an eclectic array of dining options reflecting the neighborhood's multicultural heritage. South King Street and Kalakaua Avenue are lined with eateries ranging from casual local spots to international cuisines. Residents can savor authentic Japanese dishes at Izakaya Naru or enjoy Korean barbecue at Yakiniku Korea House, both within easy reach of the building. For everyday needs, the neighborhood offers convenient shopping options. Down to Earth Organic & Natural Honolulu, a local chain with a history dating back to 1977, is nearby, providing organic groceries, a deli, and a salad bar. The Market City Shopping Center, a small strip mall just a short walk away, houses independent stores and service providers, adding to the area's local flavor. Ala Wai Community Park, directly across from the building, serves as an extended backyard for residents. This expansive green space features a jogging path along the Ala Wai Canal, sports fields, and courts for activities ranging from baseball to volleyball. The park provides ample opportunities for outdoor recreation and relaxation. Cultural institutions play a significant role in the neighborhood's character. The area hosts various community events and gatherings throughout the year, contributing to the vibrant local culture. For those seeking retail therapy, the world-famous Ala Moana Center is just a short distance away. This open-air shopping complex boasts over 350 stores and restaurants, providing a comprehensive shopping experience from high-end boutiques to popular chain stores. The proximity to the University of Hawaii at Manoa infuses the area with a youthful, academic energy. This influence is evident in the numerous cafes, bookstores, and study spots that dot the neighborhood, catering to students and knowledge-seekers of all ages. Despite its urban setting, the neighborhood offers pockets of tranquility. Local parks and green spaces provide serene areas for relaxation and contemplation. With its blend of cultural attractions, diverse dining scene, convenient shopping, and abundant recreational opportunities, the neighborhood surrounding Ala Wai Cove offers a rich, multifaceted urban living experience that appeals to a wide range of residents.

Well-connected hub for urban exploration

Ala Wai Cove's location offers residents a variety of transportation options, making it easy to navigate both the immediate neighborhood and the broader Honolulu area. The building's position at the end of University Avenue places it at a strategic point for accessing different parts of the city. Public transportation is readily available, with several bus stops within a short walking distance. The Kapiolani Bl & University Ave stop, just a five-minute walk from the building, serves multiple routes including the City Express! A, Kaimuki-Pearl Harbor, and Kaimuki-Salt Lake lines. These routes provide convenient access to key areas of Honolulu, including downtown, Pearl Harbor, and Salt Lake. Additional bus stops on Kapiolani Boulevard and Date Street expand the network of accessible destinations. For those who prefer to cycle, the neighborhood is extremely bike-friendly. The flat terrain and numerous bike lanes make it easy to navigate the area on two wheels. The proximity to the Ala Wai Canal offers additional routes for cyclists to explore the area. Walking is also a viable option for many daily needs. The neighborhood's dense urban layout puts numerous amenities within easy reach on foot. From grocery stores and restaurants to parks and schools, many destinations are just a short stroll away. While public transit and active transportation options are plentiful, the building also accommodates car owners. Each unit comes with an assigned covered parking space, a valuable asset in an area where parking can be at a premium. The building's location also provides relatively easy access to major thoroughfares, facilitating car travel to other parts of Honolulu and beyond. For longer-distance travel, Daniel K. Inouye International Airport is approximately 9 miles away, typically reachable in about 20 minutes by car, depending on traffic conditions. The airport is also accessible via public transportation, with bus routes connecting from nearby stops. The transportation infrastructure around Ala Wai Cove supports a car-light or even car-free lifestyle for those who choose it, while still accommodating residents who rely on personal vehicles. This balance of options allows residents to tailor their transportation choices to their individual needs and preferences, contributing to the overall convenience of living in this centrally located condominium.

Available Condos

No units matching this criteria are available right now.

Building Details

Recreation

  • Dog Park

Amenities

  • City Views
  • Laundry Facilities
  • Community Storage Space
  • Security Service
  • Resident Manager or Management On Site
  • Card or Code Access

Parking

  • 1 Parking Space
  • Covered Parking
  • Assigned Parking

Pet Policy

  • Call for details about the types of pets allowed

Condo Association

  • $132 Monthly HOA Fees
  • Monthly HOA Fees Range from $132 - $984
  • Association fees include hot water, sewer, water
  • Ala Wai Cove Condos
  • Kapiolani Subdivision

Building Design

  • Trash Chute

Unit Features

  • Balcony

Unit Information

Unit
205
Beds
1 Bed
Baths
1 Bath
Sq Ft
551
Price
$360,000
Price / Sq Ft
$653 / Sq Ft
List Date
01/23/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
402 - 414
Est. Values
$277,510 - $321,593
1 Bedroom Units
Sq Ft Range
551 - 605
Est. Values
$331,677 - $996,890
2 Bedroom Units
Sq Ft Range
696 - 811
Est. Values
$382,469 - $497,474
All Units
Sq Ft Range
402 - 811
Est. Values
$277,510 - $996,890

Map

Area Factors

Low Crime

Crime Score®

4 / 10

Biker's Paradise

Bike Score®

93 / 100

Very Walkable

Walk Score®

84 / 100

Good Transit

Transit Score®

67 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$257K - $492K
Range of Taxes in Building
$368 - $1,576
Range of Taxes per Sq Ft
$0.92 - $2.56

Property Tax History

Source: Public Records

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Building Website

Building Team

Property Management
Hawaiiana - Ala Wai Cove
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