Zumper
modified
12 Minutes Ago

Highlights

  • Heated saltwater pool
  • Top-of-the-line appliances
  • Concierge service
  • On-site manager
  • Hot tub
  • Internet (wi-fi)

Location

1551 Ala Wai Blvd #504, Honolulu, HI 96815, USA|Waikiki
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Tour 1551 Ala Wai Boulevard, Unit 504

Contact

Management

Hawaii Homes LLC

Leasing office

(844) 311-1967 ext. 5239

Property Overview

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.8
Very Good
With a solid 8.8 out of 10 overall, 1551 Ala Wai Boulevard, Unit 504 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1551 Ala Wai Boulevard, Unit 504 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Middle school nearby
  • More space
  • Dishwasher

Floor plans

1551 Ala Wai Boulevard, Unit 5042 bed2 bath1,112 sqft$5,000 /moLuxury 2-Bedroom Condo at The Watermark, Experience peaceful, resort-style living in this beautifully furnished 2-bedroom, 2-bath condo at The Watermark, located in the edge of Waikiki. This unit is in excellent condition and offers stunning views of Ala Wai Harbor, Ala Moana Park. Enjoy top-of-the-line appliances and exceptional building amenities including a heated saltwater pool, hot tub, sauna, fitness pavilion, BBQ cabanas, lush tropical gardens with ponds, meeting/media room, and concierge service. Wi-Fi is available in all common areas. The Watermark provides 24-hour security, an on-site manager, and a secured parking garage for your peace of mind. Conveniently located near Ala Moana Beach Park, Ala Moana Center, Ward Village, and Waikiki’s shopping and dining. Rent includes Internet (Wi-Fi) and basic cable TV. Tenant pays electricity and must provide renter's insurance. For scheduling or inquiries, please contact Daniel Suh at 808-351-6871 or **** Tenant is responsible for electricity and must provide proof of rental insurance. No pets and no smoking allowed.

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Year built2008
Lease terms12+ months
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About 1551 Ala Wai Boulevard, Unit 504

HomeApartments in Urban HonoluluWaikiki 1551 Ala Wai Boulevard, Unit 504

Luxury 2-Bedroom Condo at The Watermark, Experience peaceful, resort-style living in this beautifully furnished 2-bedroom, 2-bath condo at The Watermark, located in the edge of Waikiki. This unit is in excellent condition and offers stunning views of Ala Wai Harbor, Ala Moana Park. Enjoy top-of-the-line appliances and exceptional building amenities including a heated saltwater pool, hot tub, sauna, fitness pavilion, BBQ cabanas, lush tropical gardens with ponds, meeting/media room, and concierge service. Wi-Fi is available in all common areas. The Watermark provides 24-hour security, an on-site manager, and a secured parking garage for your peace of mind. Conveniently located near Ala Moana Beach Park, Ala Moana Center, Ward Village, and Waikiki’s shopping and dining. Rent includes Internet (Wi-Fi) and basic cable TV. Tenant pays electricity and must provide renter's insurance. For scheduling or inquiries, please contact Daniel Suh at 808-351-6871 or **** Tenant is responsible for electricity and must provide proof of rental insurance. No pets and no smoking allowed.


Year Built: 2008

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, 1551 Ala Wai Boulevard, Unit 504 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1551 Ala Wai Boulevard, Unit 504 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 1551 Ala Wai Boulevard, Unit 504
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
1551 Ala Wai Boulevard, Unit 504 offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
1551 Ala Wai Boulevard, Unit 504 stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks, making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
1551 Ala Wai Boulevard, Unit 504 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 1551 Ala Wai Boulevard, Unit 504 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 1551 Ala Wai Boulevard, Unit 504 compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 1 mile away
More space
The 2-bedroom is 109 sqft larger than other listings nearby
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit
Outdoor space
Easy access to the outdoors

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away
Greater distance from grade schools
The nearest elementary school is farther than 0.5 mile away

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Rent trends in Waikiki

2-bedroom apartments at 1551 Ala Wai Boulevard, Unit 504 cost about 48% more than the average rent price for 2-bedroom apartments in Waikiki.

Median rents as of Dec 20 2025.
Waikiki
Urban Honolulu
A table of studio rental data trends in Urban Honolulu
MonthMedian Rent
January 2024$1,625
February 2024$1,650
March 2024$1,670
April 2024$1,737
May 2024$1,633
June 2024$1,734
July 2024$1,668
August 2024$1,695
September 2024$1,744
October 2024$1,711
November 2024$1,694
December 2024$1,668
January 2025$1,680
February 2025$1,662
March 2025$1,650
April 2025$1,662
May 2025$1,664
June 2025$1,687
July 2025$1,700
August 2025$1,665
September 2025$1,660
October 2025$1,761
November 2025$1,762
December 2025$1,808
A table of studio rental data trends in Waikiki
MonthMedian Rent
January 2024$1,837
February 2024$1,800
March 2024$1,815
April 2024$1,837
May 2024$1,800
June 2024$1,946
July 2024$1,837
August 2024$2,025
September 2024$2,073
October 2024$2,012
November 2024$2,040
December 2024$2,025
January 2025$2,186
February 2025$2,049
March 2025$1,855
April 2025$1,851
May 2025$1,893
June 2025$1,918
July 2025$1,825
August 2025$1,753
September 2025$1,861
October 2025$1,903
November 2025$1,909
December 2025$1,950

Affordability calculator

Can I afford to live at 1551 Ala Wai Blvd #504?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$200,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $200,000 annually to afford this 2-bedrooms monthly rent price of $5,000.
For more information on rent affordability, visit our rent calculator.

Schools near 1551 Ala Wai Boulevard, Unit 504

President Thomas Jefferson Elementary School

324 kapahulu ave

honolulu, HI, 96815

PK, K-5Public
B

Hawaii School for the Deaf & Blind

3440 leahi ave

honolulu, HI, 96815

PK, K-12Public

Anuenue School

2528 10th ave

honolulu, HI, 96816

PK, K-12Public
B-
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Internet available near 1551 Ala Wai Boulevard, Unit 504

Getting around Honolulu near 1551 Ala Wai Blvd #504

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

4/10
Roads are accessible, but parking may be a challenge.

Cycling

6/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 1551 Ala Wai Blvd #504, Honolulu

Groceries

10/10
At least one supermarket within a 5-minute walk

Shopping

10/10
Exceptional variety of shops within a few minutes’ walk

Cafes

7/10
Several cafés within a few minutes’ walk

Restaurants

9/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

5/10
At least one elementary school within a 20-minute walk

High schools

4/10
At least one high school within a 30-minute walk

Parks

8/10
Very large amount of park space within a few minutes' walk

Nightlife

9/10
Wide variety of bars within a few minutes' walk

Explore the area around 1551 Ala Wai Blvd #504

Food Pantry Ltd
438 Hobron Ln
Lani Hoaka Inc
1837 Kalakaua Ave
Palama Supermarket
1670 Makaloa St
Queen's Natural Health Food
1649 Kalakaua Ave
Don Quijote
801 Kaheka St

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