Watermark

Watermark Quick Facts:

Year Built:	2008	Units:	212
Stories:	38	Elevators:	3

Amenities: Four-acre gated residential-only community Serene, private tropical gardens & walking paths Relaxing library/media room State-of-the-art fitness pavilion Infinity swimming pool and spa Private barbeque alcoves and pavilion/lounge for entertaining Wireless internet access in common areas Storage space for bicycles, kayaks and surfboards

Maint. Fee Range: $1.17/sf - $1.37/sf


Watermark 1551 Ala Wai Blvd Waikiki - West	$1,088,000 - $1,500,000 Fee Simple

2 Bedroom Available Listings

$1,088,000 Fee Simple - Watermark, Unit #: 704

$1,250,000 Fee Simple - Watermark, Unit #: 1603

$1,280,000 Fee Simple - Watermark, Unit #: 503

$1,480,000 Fee Simple - Watermark, Unit #: 2802 New!

$1,500,000 Fee Simple - Watermark, Unit #: 3503

Building Analysis - Watermark:
Building and Site Features
The Watermark was developed by Irongate (also Trump Tower Waikiki and Ritz-Carlton Residences) and was completed by Intracorp in 2008. The 38 story concrete tower consists of 212 luxury residences which face the ocean and harbor.

The Watermark’s unique site has a large lush gardens at the end of a quiet street. It’s a little oasis at the west end of Waikiki yet it’s comfortable walking distance to the beach and Ala Moana Center.

Common Areas for Residents
The garden common areas of The Watermark have a Hawaiian resort feel. The ground floor lobby area is a tall and open to the pool and gardens. The grand lobby has Hawaiian artwork and very comfortable seating areas. It steps down to a natural stone tiled infinity pool terrace complete with lava rock enclosed hot tub. Nearby is a luxurious air conditioned fitness pavilion with sauna. The foot path meanders hundreds of feet along the elongated 4 acre property. There is an open pavilion for resident private parties, several trellis BBQ alcoves, native plants, landscape art, trellis and pond.

Wireless internet access is included in common areas. There is a luxurious entertainment room on the lobby level that opens up the gardens. A meeting room and recreation room are also available for residents.

The parking structure for residents is separate from the residential tower. Each parking stall has storage lockers nearby. There is also convenient storage available for bicycles surfboards, and one-man canoes. Residents can enter and exit from either Hobron Ln. or Ala Wai Blvd.

The entire property is gated and has 24 hour security. Security is complimented by a concierge desk near the Porte-cochere to assist residents and guests. Guest parking stalls are available on the ground level.

typical layout

Watermark - Additional Information

High School: Kaimuki
Middle School: Washington
Elem. School: Ala Wai

House rules: Not Available

Pets Allowed:
Pet Notes: yes

For Investors: 30 day rental minimum

No Lender info to display

Private Condo Features
Glass enclosed elevators take residents to their suites. Typical floors have six good-sized two bedroom condos. On some floors, 05 and 06 were combined to create a very large 3 bedroom 05 unit.

The stunning kitchens feature African mahogany cabinets, Brazillian granite, and Viking stainless steel appliances and travertine floors. Master bathrooms feature soaking tubs and separate glass enclosed shower, mahogany cabinets, marble counters and travertine floors.

All units have comfortably sized lanais and floor to ceiling glass facing the ocean. Central A/C and Washer Dryer are included. Ceiling heights are 8.5 feet.

The Bottom Line
Best features: Resort like finishes and amenites. Quiet dead end street has little traffic or noise.

Potential drawbacks: Some older neighborhood buildings could use updating.

Condominium Configurations - Watermark