Hawaii Living

Five Regents #2103 (Salt Lake Honolulu & Moanalua)

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2888 Ala Ilima St #2103, Honolulu

Agency Info

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly:
Jeffrey N Samuels (R)
RB-17709
Jeffrey Samuels Realty
Phone: (808) 221-0557

Description
An Unbeatable Opportunity – Fixed Land Lease Until 2078! Imagine owning a beautifully renovated studio with a fixed land lease of just $48.00 per month until March 2078—yes, that means no increases for the next 56 years! Whether you're a first-time homebuyer or looking to jumpstart your investment portfolio, this move-in-ready unit offers incredible value. Step inside to find a modern living space featuring brand-new cabinets, sleek quartz countertops, and updated appliances. The bathroom has been transformed with floor-to-ceiling tile, a stylish walk-in shower, and a matching quartz vanity top. Throughout the unit, durable ceramic tile flooring replaces outdated finishes, and the popcorn ceiling has been removed for a fresh, contemporary feel. Positioned to face north-northeast, this unit welcomes cool trade winds, eliminating the need for excessive air conditioning while offering breathtaking views of the Honolulu Country Club golf course, canal, and surrounding mountain range. The building is packed with top-tier amenities, including a pool, basketball and tennis courts, sauna, BBQ area, recreation space, meeting room, guest parking, and 24-hour security.
Recent Activity
  • Mar 06, 2025 Listed at $206,000
  • May 17, 2022 Off Market
  • Apr 04, 2022 Price $191,000
  • Apr 04, 2022 Back to Active
  • Mar 23, 2022 Under Contract
  • Mar 14, 2022 Listed at $189,900
  • Feb 20, 2018 Off Market
  • Feb 20, 2018 Back to Active
  • Feb 16, 2018 Under Contract
  • Feb 09, 2018 Listed at $160,000
Past Sales
(Five Regents)
  • #1408: 1 Bd | 1 Ba @ $200K (4/3/25)
  • #904: Studio | 1 Ba @ $170K (1/3/25)
  • #2711: 1 Bd | 1 Ba @ $205K (9/9/24)
  • #2209: Studio | 1 Ba @ $165K (7/18/24)
  • #2906: Studio | 1 Ba @ $189K (4/1/24)
  • #1507: Studio | 1 Ba @ $180K (2/22/24)
  • #1904: Studio | 1 Ba @ $180K (12/27/23)
  • #604: Studio | 1 Ba @ $173K (11/14/23)
  • #1908: 1 Bd | 1 Ba @ $215K (11/8/23)
  • #908: 1 Bd | 1 Ba @ $207K (10/6/23)
  • #1403: Studio | 1 Ba @ $165K (8/14/23)
  • #1005: 1 Bd | 1 Ba @ $185K (8/8/23)
  • #1606: Studio | 1 Ba @ $180K (6/22/23)
  • #1201: Studio | 1 Ba @ $161K (5/16/23)
  • #2206: Studio | 1 Ba @ $150K (4/28/23)
  • #1307: Studio | 1 Ba @ $180K (4/10/23)
  • #1208: 1 Bd | 1 Ba @ $206K (2/22/23)
  • #909: Studio | 1 Ba @ $155K (1/11/23)
  • #2805: 1 Bd | 1 Ba @ $215K (9/12/22)
  • #1607: Studio | 1 Ba @ $160K (8/12/22)
  • #2608: 1 Bd | 1 Ba @ $215K (6/29/22)
  • #2310: Studio | 1 Ba @ $162K (6/27/22)
  • #601: Studio | 1 Ba @ $150K (6/24/22)
  • #2011: 1 Bd | 1 Ba @ $211K (6/24/22)
  • #1404: Studio | 1 Ba @ $160K (6/21/22)
  • #2512: Studio | 1 Ba @ $170K (6/9/22)
  • #2910: Studio | 1 Ba @ $165K (5/31/22)
  • #1808: 1 Bd | 1 Ba @ $220K (5/13/22)
  • #2106: Studio | 1 Ba @ $142K (4/22/22)
  • #2302: 1 Bd | 1 Ba @ $200K (4/20/22)
  • #2911: 1 Bd | 1 Ba @ $180K (2/17/22)
  • #911: 1 Bd | 1 Ba @ $195K (2/3/22)
  • #1712: Studio | 1 Ba @ $165K (12/23/21)
  • #1701: Studio | 1 Ba @ $165K (11/19/21)
  • #903: Studio | 1 Ba @ $170K (11/10/21)
  • #1303: Studio | 1 Ba @ $165K (10/29/21)
  • #2905: 1 Bd | 1 Ba @ $185K (10/18/21)
  • #611: 1 Bd | 1 Ba @ $180K (10/4/21)
  • #1706: Studio | 1 Ba @ $150K (9/29/21)
  • #1103: Studio | 1 Ba @ $149K (8/31/21)
  • #1207: Studio | 1 Ba @ $165K (8/13/21)
  • #2712: Studio | 1 Ba @ $165K (7/12/21)
  • #2108: 1 Bd | 1 Ba @ $195K (7/7/21)
  • #702: 1 Bd | 1 Ba @ $192K (7/7/21)
  • #504: Studio | 1 Ba @ $148K (7/7/21)
  • #Unit 703: Studio | 1 Ba @ $145K (5/20/21)
  • #2610: Studio | 1 Ba @ $155K (5/14/21)
  • #2406: Studio | 1 Ba @ $145K (4/30/21)
  • #1006: Studio | 1 Ba @ $163K (4/12/21)
  • #1506: Studio | 1 Ba @ $140K (3/17/21)
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.57
  • Price / ft²: $687
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Sewer, Water, None
  • Zoning: 12 - A-2 Medium Density Apartme
  • Flood Zone: Zone X
  • View: Mountain, Other, Sunset
  • Property Condition: Excellent
  • Owner Occupancy: 16%
  • Management Company: Touchstone Properties Ltd.
  • Amenities: BBQ, Community Laundry, Condo Association Pool, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute
  • TMK: 1-1-1-62-24-194
  • Tax Assessed Land: $18,600
  • Tax Assessed Improvements: $222,400
  • Tax Assessed Total: $241,000
  • Courtesy: Jeffrey Samuels Realty / (808) 221-0557
  • MLS: 202506342
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 11, 2025.Information is deemed reliable but not guaranteed.
Other Five Regents Listings
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Leasehold
$208,500
Five Regents #1606
Studio | 1 Ba
300 ft²
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Leasehold
$179,000
Five Regents #2404
Studio | 1 Ba
300 ft²
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Leasehold
$178,000
Five Regents #901
Studio | 1 Ba
300 ft²
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Leasehold
$168,000
Five Regents #1201
Studio | 1 Ba
300 ft²
Other Metro Honolulu Condos
Salt Lake Honolulu & Moanalua
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$257,500
Likini West #302
1 Bd | 1 Ba
594 ft²
Ala Moana
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$205,000
Holiday Village #1102
Studio | 1 Ba
318 ft²
Makiki
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$200,000
Oahuan Ltd #218
Studio | 1 Ba
400 ft²
Waikiki
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$199,000
Pacific Islander #403
Studio | 1 Ba
322 ft²
Ala Moana
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$215,000
Ala Moana Hotel Condo #1214
Studio | 1 Ba
297 ft²
Makiki
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$215,000
One Kalakaua #407
2 Bds | 1 Ba
772 ft²
  • Asking Price: $206,000
Description
An Unbeatable Opportunity – Fixed Land Lease Until 2078! Imagine owning a beautifully renovated studio with a fixed land lease of just $48.00 per month until March 2078—yes, that means no increases for the next 56 years! Whether you're a first-time homebuyer or looking to jumpstart your investment portfolio, this move-in-ready unit offers incredible value. Step inside to find a modern living space featuring brand-new cabinets, sleek quartz countertops, and updated appliances. The bathroom has been transformed with floor-to-ceiling tile, a stylish walk-in shower, and a matching quartz vanity top. Throughout the unit, durable ceramic tile flooring replaces outdated finishes, and the popcorn ceiling has been removed for a fresh, contemporary feel. Positioned to face north-northeast, this unit welcomes cool trade winds, eliminating the need for excessive air conditioning while offering breathtaking views of the Honolulu Country Club golf course, canal, and surrounding mountain range. The building is packed with top-tier amenities, including a pool, basketball and tennis courts, sauna, BBQ area, recreation space, meeting room, guest parking, and 24-hour security.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 11, 2025.Information is deemed reliable but not guaranteed.
    • Mar 06, 2025 Listed at $206,000
    • May 17, 2022 Off Market
    • Apr 04, 2022 Price $191,000
    • Apr 04, 2022 Back to Active
    • Mar 23, 2022 Under Contract
    • Mar 14, 2022 Listed at $189,900
    • Feb 20, 2018 Off Market
    • Feb 20, 2018 Back to Active
    • Feb 16, 2018 Under Contract
    • Feb 09, 2018 Listed at $160,000
    Other Five Regents Listings
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    Leasehold
    $208,500
    Five Regents #1606
    Studio | 1 Ba
    300 ft²
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    Leasehold
    $179,000
    Five Regents #2404
    Studio | 1 Ba
    300 ft²
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    Leasehold
    $178,000
    Five Regents #901
    Studio | 1 Ba
    300 ft²
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    Leasehold
    $168,000
    Five Regents #1201
    Studio | 1 Ba
    300 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Leasehold Expiry: 03/31/78
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.