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Terrace Towers

Terrace Towers

Terrace Towers
Condominium Building
The Costar Building Rating

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

90 Units
13 Stories
1969 Year Built
$372K - $773K Value Range

Available Units

For Sale
No Units Available
For Rent

Highlights

  • Clubhouse
  • Community Pool
  • Balcony
  • Resident Manager or Management On Site
  • Trails
  • Laundry Facilities

A mid-century high-rise in the heart of McCully-Mō'ili'ili

Terrace Towers, a 13-story condominium building completed in 1969, stands as a testament to Honolulu's mid-century architectural boom. Located in the vibrant McCully-Mo'ili'ili neighborhood, this 90-unit residential complex offers a blend of urban convenience and island living. The building's name hints at one of its most appealing features: spacious lanais that provide residents with outdoor living spaces and panoramic views. Situated on a quiet lane near the University of Hawaii and 'Iolani School, Terrace Towers benefits from its central location, offering easy access to both the academic hub of the city and the recreational allure of nearby Waikiki.

Versatile layouts with expansive views

Terrace Towers offers a range of unit sizes to accommodate different lifestyles. The building features 2 to 3-bedroom layouts, with the smallest units starting at a cozy 735 square feet and the largest expanding to a generous 1,728 square feet. Two-bedroom units typically have one bathroom and are approximately 700 square feet, providing an efficient use of space. The three-bedroom units, which range from 918 to 1,728 square feet, offer more spacious living areas and come with 1.5 to 2 bathrooms. One of the standout features of Terrace Towers is the expansive views afforded by many units. Some apartments, particularly those on higher floors, boast 180-degree vistas that can stretch from the mountains to the ocean. The living rooms in these units are designed to maximize the view, with large windows that flood the space with natural light and showcase the surrounding landscape. Many units have undergone renovations since the building's inception, updating interiors with modern finishes. Recent remodels have included new lighting, cabinets, paint, appliances, flooring, and bathroom fixtures. Each bedroom typically features a ceiling fan and large closets, enhancing comfort and storage options. The abundance of windows in most units allows for ample natural light and cross breezes, a desirable feature in Hawaii's climate. For those seeking outdoor living space, the lanais are a key selling point. These spacious balconies provide an ideal setting for al fresco dining or simply enjoying the Hawaiian air. Some units, like the penthouses, offer particularly large terraces that serve as an extension of the living area. Rental rates for three-bedroom units are around $2,900 per month, reflecting the building's desirable location and amenities. Many units come with in-unit washer and dryer hookups, a convenience that adds to the appeal of Terrace Towers as a comfortable, long-term residence.

Practical amenities for everyday island living

Terrace Towers offers a selection of amenities designed to enhance the living experience of its residents. The building features a swimming pool, providing a refreshing retreat from the Hawaiian heat and a place for residents to relax or exercise. For those who prefer to keep their vehicles in top condition, there's a convenient car wash area on the premises. Pet lovers will appreciate the building's pet-friendly policy, which allows for one cat or one dog under 25 pounds per unit. This accommodation for furry family members is a notable feature, as not all urban condominiums offer this flexibility. The building is equipped with community laundry facilities located on each floor, ensuring convenient access for all residents. This is particularly useful for units that may not have in-unit laundry capabilities. Security and convenience are prioritized at Terrace Towers. The building employs a resident manager who oversees day-to-day operations and addresses resident concerns. Access to the building is controlled through keyed elevators, adding an extra layer of security for residents. Parking is available for residents, with at least one parking stall assigned per unit. Some units may have additional parking spaces, which is a valuable asset in urban Honolulu where parking can often be at a premium. While Terrace Towers may not offer the extensive list of luxury amenities found in newer high-end developments, its practical and well-maintained facilities cater well to the needs of its residents, providing a comfortable living environment in a prime location.

A vibrant mix of urban convenience and local charm

Terrace Towers is situated in the heart of McCully-Mo'ili'ili, a neighborhood that embodies the diverse, energetic spirit of urban Honolulu. This area, with its rich history dating back to pre-Western contact, has evolved into a multicultural community that blends longtime residents, families, and college students from the nearby University of Hawaii. The neighborhood's character is shaped by its proximity to key Honolulu landmarks and institutions. The University of Hawaii's main campus is just a short distance away, infusing the area with a youthful, academic energy. 'Iolani School, one of Hawaii's most prestigious private schools, is also nearby, adding to the area's educational prestige. For golf enthusiasts, the Ala Wai Golf Course is practically at the doorstep of Terrace Towers. This public 18-hole course offers a surprisingly serene golfing experience in the midst of the city. The culinary scene in McCully-Mo'ili'ili is diverse and exciting, reflecting the multicultural makeup of the neighborhood. South King Street and Kapiolani Boulevard are lined with an eclectic mix of eateries. Residents can enjoy everything from local plate lunch spots to trendy cafes and authentic ethnic cuisines. For instance, Izakaya Naru on South King Street is known for its delicious Okinawan and Japanese dishes, while Yakiniku Korea House offers a popular Korean barbecue experience. Shopping options abound in the vicinity. The Market City Shopping Center, a small strip mall featuring independent stores and service providers, is within walking distance. For more extensive shopping trips, the massive Ala Moana Center is just a short drive away, offering over 350 stores and restaurants in an open-air setting. The neighborhood also boasts several parks and recreational spaces. Mo'ili'ili Neighborhood Park, which recently underwent renovations, provides baseball and softball fields for sports enthusiasts. The Ala Wai Community Park, hugging the Ala Wai Canal, offers a popular walking trail and various sports facilities. Cultural institutions add depth to the neighborhood's character. The Japanese Cultural Center of Hawaii, located in the area, serves as a hub for community events, including monthly craft fairs and farmers markets. The annual Mo'ili'ili Summer Fest, centered around the tradition of Obon, is a highlight of the community calendar, bringing residents together to honor their heritage. While the immediate vicinity of Terrace Towers offers plenty of urban amenities, the world-famous beaches and attractions of Waikiki are just a short distance away, providing residents with easy access to Hawaii's iconic coastal playground.

Well-connected for urban exploration

Terrace Towers benefits from its central location in terms of transportation options, making it easy for residents to navigate Honolulu and beyond. The neighborhood's excellent walkability means that many daily errands and activities can be accomplished on foot, reducing the need for frequent car use. For those who rely on public transportation, the area is well-served by Honolulu's bus system, TheBus. Several bus stops are located within a five-minute walk of the building. The stop at Kapiolani Boulevard and University Avenue, just a quarter-mile away, is serviced by multiple routes including the City Express! A, providing efficient connections to downtown Honolulu and other key areas of the city. Cycling is a viable option for getting around the neighborhood and beyond, thanks to the area's relatively flat terrain and increasing number of bike lanes. The proximity to the Ala Wai Canal also offers cyclists a scenic route for recreational rides. For residents who drive, Terrace Towers' location provides easy access to major thoroughfares. The H-1 Freeway is nearby, facilitating travel to other parts of Honolulu and the island. It's worth noting that like many urban areas in Honolulu, traffic can be heavy during peak hours, but the central location of McCully-Mo'ili'ili often means shorter overall commute times compared to outlying areas. When it comes to air travel, Daniel K. Inouye International Airport is approximately 9 miles away, typically reachable in about 20 minutes by car, depending on traffic conditions. This relatively quick access to the airport is a significant convenience for frequent travelers or those receiving out-of-town guests. The combination of walkability, public transit options, and strategic location make Terrace Towers an excellent choice for those who value ease of movement in an urban setting. Whether commuting to work, heading to the beach, or exploring Honolulu's diverse neighborhoods, residents have multiple transportation options at their disposal.

Available Condos

No units matching this criteria are available right now.

Building Details

Recreation

  • Community Pool
  • Trails

Amenities

  • Clubhouse
  • Laundry Facilities
  • Resident Manager or Management On Site

Parking

  • 1 Parking Space
  • Covered Parking

Condo Association

  • Association fees include sewer, water
  • Terrace Towers Condos
  • Moiliili Subdivision

Unit Features

  • Balcony

Unit Information

Unit
702
Beds
3 Beds
2 Beds
Baths
1.5 Baths
1 Bath
Sq Ft
1,100
735
Rent
$1,350
$2,000
Availability
03/31/2025
04/22/2025

Unit Size and Value Ranges

2 Bedroom Units
Sq Ft Range
735
Est. Values
$371,514 - $427,366
3 Bedroom Units
Sq Ft Range
918 - 1,728
Est. Values
$432,281 - $773,497

Map

Area Factors

Low Crime

Crime Score®

4 / 10

Very Bikeable

Bike Score®

86 / 100

Walker's Paradise

Walk Score®

91 / 100

Good Transit

Transit Score®

66 / 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

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Flood Factor®

N/A / 10

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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
$357K - $796K
Range of Taxes in Building
$300 - $2,296
Range of Taxes per Sq Ft
$0.33 - $1.91

Property Tax History

Source: Public Records
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.