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$420,000
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Property Description
Own a piece of paradise at the Ala Wai Cove. This rare boutique condo is perfectly situated across the canal from Waikiki and down the street from the University of Hawaii, Iolani School, H-1 Freeway and much more. There's a proposed upcoming Ala Wai bridge project that would provide you with ease to Waikiki and its beautiful beaches. This cozy low-floor two bedroom unit features 705 sqft of interior space, a spacious 93 sqft open lanai and the bonus option of being able to walk up some stairs to your unit from your deeded parking stall rather then taking the elevator. Step inside this corner unit to discover an open living space with abundant natural light that fills every room to showcase the contemporary finishes while blending island-inspired elegance and modern comforts. The large beautiful new kitchen, flooring, sliding glass door, window and split AC's add extreme value to this already wonderfully designed unit. Attention to detail and pride in this renovated home is refreshing.
Full Property Details
Full Property Details for 509 University Ave #201
General
- Price: $420,000
- HOA FEE: $1,359
- Taxes: $1,074
- Status: Active
- Type: Condo
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202603534
- Updated: 2/12/2026
- Added to Site: 11 day(s) ago
Rental Information
- Complex Features: Laundry Facilities, Storage Facilities, Trash Chute
Interior
- Interior Features: Bedroom on Main Level, Full Bath on Main Level, Storage
- Furnishings: Unfurnished
- Flooring: Carpet, Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Management
- Security/Safety: Key Card Entry
Parking
- Total Spaces: 1
- Parking Features: Assigned, One Space, On Street
Location
- Area: Metro
- County: Oahu
- Subdivision: KAPIOLANI
- Building Name: Ala Wai Cove
Community
- Assoc. Fees Include: Hot Water, None, Sewer, Water
Structural Information
- Architectural Style: High Rise
- Detached/Attached: Detached
- Construction: Double Wall, Hollow Tile, Concrete
- Common Walls: End Unit
- Entry Floor Number: 2
- Square Feet: 798
- Living Area: 705 Sq. Ft.
- Year Built: 1961
- Property Condition: Excellent, Good Condition, Updated/Remodeled
Lot Features
- Property View: Canal, City, Mountain(s)
- Mountain views: Yes
- Lot Size: 28009
- Zoning: 13 - A-3 High Density Apartment
Water Features
- Water View: Yes
Financial Considerations
- Maint. Fee: $1,359
- Maint. Fee/Month: $1,359
- Assessment Amount: $391,700
- Tax Amount: $1,074.48
Disclosures and Reports
- Special Conditions: None
- Inclusions: AC Split, Blinds, Ceiling Fan, Chandelier, Dishwasher, Disposal, Microwave Hood, Range/Oven, Refrigerator, Smoke Detector, Wine Refrigerator
- Disclosures/Reports: Call Agent, See Remarks
- Disclosures/Rstr.: Call Agent, See Remarks
- Property ID: 1-2-7-013-011-0006
Listed by Corcoran Pacific Properties
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Schools
Schools serving 509 University Ave #201
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
Ala Wai Elementary School 503 Kamoku Street, Honolulu, HI 96826 | PK-5 | 0.1 mi |
President George Washington Middle School 1633 South King Street, Honolulu, HI 96826 | 6-8 | 0.9 mi |
Kaimuki High School 2705 Kaimuki Avenue, Honolulu, HI 96816 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 509 University Ave #201
Date
Details
Price
Change
Source
2/09/2026
Listed
$420,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 509 University Ave #201
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,087
3%
$427,000
-1%
2023
$1,053
8%
$430,500
7%
2022
$971
—
$400,800
6%
2022
$971
3%
$377,400
2%
2021
$946
—
$370,200
-2%
2021
$946
-7%
$377,200
2%
2019
$1,020
-23%
$371,400
-1%
2018
$1,318
4%
$376,500
4%
2017
$1,272
3%
$363,500
3%
2016
$1,230
6%
$351,300
6%
2015
$1,165
5%
$332,800
5%
2014
$1,114
—
$318,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 509 University Ave #201
509 University Avenue #201, Honolulu, HI 96826 (MLS# 202603534) is a Condo property with 2 bedrooms and 1 full bathroom. 509 University Avenue #201 is currently listed for $420,000 and was received on February 09, 2026. Want to learn more about 509 University Avenue #201? Do you have questions about finding other Condo real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.

