Ward Village's new Waiea condominium, located on Ala Moana Blvd in Kakaako, will feature the largest grand penthouse to date in Hawaii. The grand penthouse will be a total of 21,182 sq ft in size, including its 3,661 sq ft lanai, and will take up the top two floors of the building. It will have a total of seven bedrooms, eight bathrooms, and two half-bathrooms as well as it's on infinity-edge pool. Based upon its interior square footage, it is estimated that the monthly maintenance fee will be approximately $19,521 per month or $234,000 per year. While the actual price for this unit has not been disclosed to the public, many speculate that the unit will cost somewhere between $25 million to $40 million.
In comparison, a developer in Sunny Isles Beach, Florida is marketing a 16,000 sq ft penthouse at The Mansions at Acqualina for $55 million. In Hong Kong, a buyer in 2012 purchased a 6,744 sq ft unit in the Opus Hong Kong building for $55 million. In Manhattan, New York, two penthouses in the One57 building with 11,000 sq ft and 14,000 sq ft respectively, each reportedly went under contract for about $90 million each.
Source: Honolulu Star Advertiser, 1-22-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
