The Ulu Team

$979,000$1,180,000 price reduced

1551 Ala Wai Boulevard #401

WAIKIKI · Honolulu · 96815 · MLS 202511076

  • 2beds
  • 2baths
  • 1,196living sqft
  • Condotype

Motivated seller, just reduced $10,000!! Watermark is one of the premiere condominium buildings in Waikiki! Preferred rarely available "01" corner unit on the lower floor with eye-level view of the boat harbor, ocean and common area of landscaped tropical garden. Additional windows in the kitchen, dining area and main bedroom for extra comfort. Conveniently located to many of the shopping and eating establishments in Waikiki, as well as Ala Moana Shopping Center and Ala Moana Beach Park. This unit offers newly installed flooring, new paint & new refrigerator. Unit taken off the market (Aug 14 - Nov 24, 2025) for renovation. Move in Condition. Well planned layout provides both convenience and privacy. Building amenities include heated swimming pool & spa, gym, meeting room, sauna, BBQ area, beautiful garden area with walking path. Two reserved covered parking stalls & storage locker. Concierge desk and 24 hour security.

Building & interior

Condition
Good Condition · Updated Remodeled
Living area
1,196 sqft
Total area
1,264 sqft
Year built
2008
Renovated
2025
Stories
One
Floor
4
Parking
2 stalls · Assigned · Covered · Guest · Two Spaces · On Street · Secured
Pool
Heated
Furnished
Partially
View
Canal

HOA & monthly fees

Maintenance fee
$2,002/mo
Total monthly fees
$2,002/mo
Fee includes
Common Areas · Cable Tv · Maintenance Grounds · Maintenance Structure · Sewer · Water
Owner-occupancy
Vacant-occupied

Construction & features

Cooling
Central Air
Flooring
Ceramic Tile · Laminate
Construction
Masonry · Concrete · Stucco
Interior
Bedroom On Main Level · Full Bath On Main Level · Storage · Single Living Level
Community
Barbecue · Community Pool · Conference Meeting Room · Deck Porch · Fitness · Patio · Pool · Recreation Area · Sauna · Storage Facilities · Trash Chute
Security
Closed Circuit Cameras · Elevator Secured · Key Card Entry · Door Man · Fire Sprinkler System · Security Guard

Tax & assessment

Annual property tax
$6,468/yr
Tax year
2024
Assessed — total
$1,217,000
Assessed — land
$240,100
Assessed — improvements
$976,900
TMK
1-2-6-011-001-0014
Zoning
X2 - Apartment Precinct
Land tenure
Fee simple
Financing accepted
Cash · Conventional
Disclosures
Seller Disclosure

Price history

Original list
$1,180,000
Previous
$1,079,000
Current
$979,000

What's included

  • AC Central
  • Auto Garage Door Opener
  • Blinds
  • Cable TV
  • Dishwasher
  • Disposal
  • Drapes
  • Dryer
  • Microwave
  • Range Hood
  • Range/Oven
  • Refrigerator
  • Smoke Detector
  • Washer
  • Water Heater

Nearby

  • Pool
  • Fitness Center
  • Management

Listed by Diamond Head Realty

Information is from the Honolulu MLS and sources deemed reliable but is not guaranteed. Square footage, lot size, taxes, permits, and land tenure should be independently verified. Not a solicitation of property already listed.

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