Location is everything when choosing your home in Honolulu! Cross the canal from Waikiki, 'Ala Wai Cove' offers the perfect balance of convenience and comfort. This cozy top-floor studio features 402 sqft of interior space and a spacious 85 sqft open lanai, ideal for enjoying the island breeze and mountain views. There is a separate storage locker on the same floor. Positioned on the cooler side of the building, this residence enjoys a wonderful cross breeze throughout the day, keeping the space naturally comfortable. The unit also includes one full-size assigned parking stall, a rare and valuable feature in this area. Installed new carpet and interior freshly painted. Just one block from Iolani School, the premier school, and a few minutes drive from the University of Hawaii. Easy access to shopping, dining and H-1 freeway, the location couldn’t be more convenient. Plus, the upcoming Ala Wai bridge project will soon make walking or biking into Waikiki effortless - connecting you to the best of both worlds! Whether you're a first-time home buyer, student, or investor looking for a well-located property with solid value and potential, Ala Wai Cove is an opportunity not to be missed.
Active
$239,000
509 University Ave APT 1006, Honolulu, HI 96826
0beds
402sqft
Est.:
Condominium
Built in 1961
-- sqft lot
$239,600 Zestimate®
$595/sqft
$840/mo HOA
What's special
- 60 days |
- 204 |
- 7 |
Zillow last checked: 8 hours ago
Listing updated: November 10, 2025 at 04:22pm
Listed by:
Naoko Okada 808-388-1073,
Coldwell Banker Realty
Source: HiCentral MLS,MLS#: 202523768
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
Features
- Bedroom on Main Level, Storage
- Flooring: Carpet, Ceramic Tile, Vinyl
- Common walls with other units/homes: End Unit
Interior area
- Total structure area: 487
- Total interior livable area: 402 sqft
Property
Parking
- Total spaces: 1
- Parking features: Assigned, One Space
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Has view: Yes
- View description: City, Mountain(s)
Details
- Parcel number: 1270130110075
- 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
- Good Condition
- New construction: No
- Year built: 1961
Community & HOA
Community
- Features: Laundry Facilities, Storage Facilities
- Security: Closed Circuit Camera(s), Key Card Entry
- Subdivision: Kapiolani
HOA
- Amenities included: Management
- Services included: Common Areas, Sewer, Water
- HOA fee: $840 monthly
Location
- Region: Honolulu
Financial & listing details
- Price per square foot: $595/sqft
- Tax assessed value: $290,800
- Annual tax amount: $1,017
- Date on market: 10/24/2025
- Inclusions: Book Shelves, Cable TV, Disposal, Drapes, Microwave, Range/Oven, Refrigerator, Smoke Detector
Estimated market value
$239,600
$208,000 - $271,000
$1,962/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/25/2025 | Listed for sale | $239,000$595/sqft |
Source: | ||
| 7/19/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/13/2023 | Listed for rent | $1,400+12%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/10/2020 | Listing removed | $1,250$3/sqft |
Source: Pinnacle Management Group LLC #202005039 Report a problem | ||
| 3/9/2020 | Listed for rent | $1,250+4.2%$3/sqft |
Source: Pinnacle Management Group LLC Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,018 -1.2% | $290,800 -1.2% |
| 2024 | $1,030 +6.8% | $294,400 +6.8% |
| 2023 | $965 -0.8% | $275,700 -0.8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,909/mo
Principal & interest
$927
HOA Fees
$840
Other costs
$141
Climate risks
Neighborhood: Kapiolani
Nearby schools
GreatSchools rating
- 3/10Ala Wai Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 7/10President George Washington Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Kaimuki High SchoolGrades: 9-12Distance: 0.6 mi
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.
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