Certified Residential Specialist, RS-51972
Call: 808-372-2274 | Email: email@example.com
Meet Tracy | Testimonials
1st hand knowledge & expertise as the past Keola La’i Sales Manager & up-to-date as an active Re-Sale Agent in Keola La’i.
Summary of Keola La’i
|Bedrooms||One, Two, Three|
|Views||Ocean, City, Mountain|
|Amenities||Heated Pool, Whirlpool, Gas BBQs, Fitness Center, Party Recreation Pavilion|
|Financing||VA or Conventional|
|Maintenance Fee includes||Water, Sewer, Cable TV & Internet|
|Pets Allowed||Yes, 1 dog up to 35 lbs|
|Extra Storage||Yes (Secured Common Bike/Surfboard Room)|
|Developer||A&B Kakaako, LLC (Entity of Alexander & Baldwin, Inc.)|
Sales Activity for the Past 6 Months
(as of 8/5/17)
1-Bed 1-Bath w/1-Parking Ocean (673 Sq. Ft.):
#604 Sold @ $525k on 4/28/17. 99% of the Asking Price ($530k). 15 Days-On-Market.
#2002 Sold @ $599k on 7/25/17. 100% of Asking Price ($599k). 7 Days-On-Market
1-Bed 1-Bath w/1-Parking Mountain (686 Sq. Ft.):
#2001 Sold @ $599k on 5/5/17. 100% of the Asking Price ($599k). 9 Days-On-Market.
2-Bed 2-Bath w/2-Parking Mountain (934-953 Sq. Ft.):
#1108 Sold @ $655k on 4/19/17. 98% of the Asking Price ($665k). 6 Days-On-Market. (Note: 1-Parking)
#3003 Sold @ $750k on 6/7/17. 101% of the Asking Price ($750k). 16 Days-On-Market.
2-Bed 2-Bath w/2-Parking Mountain (1,045 Sq. Ft.):
#3106 Sold @ $735k on 2/21/17. 98% of the Asking Price ($749k). 13 Days-on-Market.
#2806 Sold @ $735k on 6/5/17. 99% of the Asking Price ($739k). 79 Days-On-Market
#4005 Sold @ $740k on 7/20/17. 99% of the Asking Price ($745k). 268 Days-On-Market.
2-Bed 2-Bath w/2-Parking Ocean (993 Sq. Ft. w/86 Sq. Ft. Lanai):
#1909 Sold @ $715K on 3/29/17. 97.2% of the Asking Price ($735k). 139 Days-On-Market.
#2208 Sold @ $725k on 6/29/17. 99% of the Asking Price ($730k). 6 Days-On-Market.
2-Bed 2-Bath w/2-Parking Ocean (1,022 Sq. Ft.):
#1405 Sold @ $712k on 5/19/17. 98% of the Asking Price ($724k). 8 Days-On-Market.
#3405 Sold @ $785k on 6/9/17. 103% of the Asking Price ($765k). 8 Days-On-Market
#2408 Sold @ $740k on 6/29/17. 99% of the Asking Price ($745k). 4 Days-On-Market.
2-Bed 2-Bath w/2-Parking Ocean (1,022 Sq. Ft w/58 Sq. Ft. Lanai):
#4004 Sold @ $849k on 6/23/17. 100% of the Asking Price ($849k). 10 Days-On-Market.
3-Bed 2-Bath w/2-Parking:
#1501 Sold @ $980k on 4/10/17. 100% of the Asking Price ($980k). 62 Days-On-Market.
#3101 Sold @ $970k on 4/17/17. 84% of Asking ($1.15mil). 37 Days-On-Market. (Note: This unit was recently & previously On-the-Market for well over 1-Year+)
#2509 Sold @ $995k on 4/20/17. 95% of the Asking Price ($1.049mil). 173 Days-On-Market.
#3109 Sold @ $1.01mil on 6/29/17. 96% of the Asking Price ($1.049mil). 62 Days-On-Market.
#3709 Sold @ $$1.08mil on 7/17/17. 94% of the Asking Price ($1.150mil). 72 Days-On-Market.
The current market for all 1-bedrooms & 2-bedroom ocean view residences remains very strong; however, prices appear to have already “peaked” sometime in the last quarter of 2016. (Note that very-high floor 2-bedroom ocean view residences, especially those with lanais, are fetching an approximately 5%+ premium). 2-bedroom mountain view residences (w/the exception of “E” units of 1.045 sq. ft.) are also still in high demand, and selling very quickly; however, similarly prices appear to have “peaked” last year. 3-bedroom residences, because of their price point ~$1mil, do not sell as quickly w/an average of 81 Days-On-Market and prices also appear to have peaked, but in the Summer of 2016 when the high sale of $1.25mil occurred. Since then prices have dropped significantly to just under $1mil. That said there has been a very slight “bounce” to just over $1mil in the past 2 months.
If you are thinking of Selling, “now” is probably better than “later,” even though for the most part Keola La’i’s Re-Sale Prices appear to have “peaked” in the last half of 2016. This is because the Days-On-Market continues to be very low for all except the 3-bedroom units. Therefore, if you are looking for a relatively “quick” sale at or very near market values, then now is a good time to sell. If you are thinking of Buying, as long as you have a “Buy and Hold” mentality (min 5-10-years), then you should be just fine based on past 4 Honolulu real estate cycles.
Interested in Selling or Buying at Keola La’i?
Welcome to the most knowledgeable website dedicated to our beloved condominium, Keola La’i. I hope you find it informative and useful!
First a brief history of my involvement with the development and sales of Keola La’i. In 2005 I was chosen as the Sales Manager for the yet-to-be-built Keola La’i and held that position until the last developer unit sold. During this time I assisted w/consulting the developer, A&B Kakaako LLC (an entity of Alexander & Baldwin, Inc.), with regards to sales strategies, amenities, and other aspects of the development. I was also in-charge of managing the 20-member Keola La’i sales team. Since then, I have been fortunate enough to help many of my own clients both buy and sell in Keola La’i.
I also have a proven record as one of the top Realtors for original Developer sales and re-sales at Keola La’i since 2005 to the present.
Below are a few of my past sales at Keola Lai. Contact me to learn more about how I use professional photography and staging & preparation for my clients.
Keola La’I is ideally located for those who work in and around the financial/business/government district of Downtown Honolulu. It is located on the Western edge of Kaka’ako adjacent to the Capitol District, Honolulu’s Civic Center and all of the major medical hospitals in Town, including Queen’s Medical Center, Kaiser Permanente Honolulu Clinic, and Straub Medical Center. Keola La’i has a “quieter” more “laid-back” feel than many similar newer condos located closer to Ala Moana & Waikiki which tend to have lower owner-occupancy ratios, higher “transient” populations and in many cases a higher management & staff turn-over.
Keola La’i has a total of 352 residences consisting of 70 one-bedrooms, 314 two-bedrooms, 36 three-bedroom residences and 2 three-bedroom PH residences. All units have at least 8’6” ceiling heights w/the 40th-43rd floor residences having ceiling heights of up to 9’6.” 70 of the direct ocean (“makai”) facing 2-bedrooms have balconies (lanais) of 58, 86 or 116 sq. ft. All of the 3-bedrooms have balconies of 96 sq. ft. None of the mountain (mauka) facing, or the remaining ocean facing residences have balconies. Market 1-bedrooms come w/1-parking stall, 2 & 3-bedrooms 2-parking stalls & PH’s 3-parking stalls. There are a large number of guest parking stalls, 25-covered (2 w/electric charging stations designated for electric vehicles), which is much more than most condos in Honolulu.
The number of residences per floor (for the non-PH floors) varies from a low of 4 on the 42nd floor to a high of 12 on the 6th floor, a somewhat unusual floor-plate variation compared to most condos in Honolulu. As an example, not all of the ’01 residences have the same number of bedrooms & baths, are of the same size, and are located in the same place w/in each floor-plate (see floor plans below). This applies to all of the residences at Keola La’i. Therefore any prospective buyer or seller needs to evaluate the residence they are interested in buying or selling based on that particular residence’s square footage, not the residence stack number as in most Honolulu condos.
Of note is that Keola La’i had always been, and is still, a building w/a very high owner-occupancy ratio, originally ~85% and now still ~78% seven-years after opening. This has helped to contribute to the close community feel, excellent maintenance, responsive management and beautiful “maturation”/improvement of the building during this timeframe.
If you know of someone who is looking for a newer, stable, well-managed condo in Honolulu with a high-owner occupancy, please call me at 808-372-2274 or click here to email me today.
His professionalism and integrity in handling the sale of our home and purchase of a new home were exceptional as Tracy went ‘over and beyond’ what one would expect from a Realtor. Tracy truly embodies the attributes of an exemplary Realtor for the 21st century. – Wilene & Alison Lum, Keola La’i
Tracy Yamato did a phenomenal job on a tight schedule. We were simultaneously coordinating not only the sale of our home in Hawaii, but also the purchase of a home in San Diego. Tracy and Tammy helped get the Hawaii transaction closed in time so that I met important deadlines for the San Diego escrow. Tracy’s referrals and staging services also were terrific–the home was fixed-up and showed beautifully, and we received a lot of positive feedback and multiple offers. I will be calling Tracy again if/when it is time to purchase an investment property in Honolulu. – Zachary & Laura Gershuni, Keola La’i
Tracy Yamato did an outstanding job for us. He went “above and beyond” and then some! We knew every step of the way exactly what was happening, what needed to be done and he was always hands on throughout the process. Can’t say enough good things about Tracy – he was professional, knowledgeable, helpful, encouraging, resourceful – you name it and he was definitely TOP DOG! – Linda Cunningham, Keola La’i
Tracy Yamato did a GREAT job for us. We are telling everyone needing someone to handle a real estate transaction that they must meet Tracy Yamato!!! – Joseph & Dorraine Krahulik
Tracy Yamato was excellent. I have already recommended him to several people. He was competent, honest, insightful, knew the market and much more. – Eric Pape
Tracy Yamato is an excellent professional agent. His outstanding service and well informed communication skill. The staging of our unit looked like a model dream home! 5 stars. We highly recommend him to our friends. – Hans & Jean Habegger
Tracy was super (again). This was the second of three properties I’m selling and I was overwhelmed. I contacted Tracy as I had worked with him before and he exceeded my expectations. The goal was achieved and it took less time than I thought it would! – Joseph Gorak
I’m certain Tracy’s staging of the condo got the property sold quickly and ABOVE ASKING PRICE! – Chris Au
Photos of Keola Lai
CPR-HPR Amendments 2007133460 (07-17-2007)
CPR-HPR Amendments 2007136455 (07-30-2007)
CPR-HPR Amendments 2007138212 (08-02-2007)
CPR-HPR Amendments 2007200035 (11-14-2007)
CPR-HPR Amendments 2008175823 (11-18-2008)
CPR-HPR Amendments 2010075268 (06-01-2010)
Bylaw Amendment 2007136456 (07-30-2007)
Bylaw Amendment 2007200036 (11-14-2007)
Bylaw Amendment 2011038236 (03-04-2011)
Bylaw Amendment 47590808 (01-11-2013)