$465,000
2 Bed · 2 Bath · 981 Sq Ft
Updated 981 SF unit at Banyan Tree Plaza with large lanai and covered parking
2
Beds
2
Baths
981
Sq Ft
1974
Built
2.12 acres
Lot
1 assigned covered parking space
Garage
What stands out the moment you step into Unit 1805 at Banyan Tree Plaza is the lanai — a generously sized outdoor room that frames panoramic cityscapes and distant ridgelines. At 981 square feet this two-bedroom, two-bath condo delivers an airy, practical layout enhanced by recent cosmetic updates: vinyl plank flooring throughout, fresh paint, and well-maintained finishes that make the unit immediately livable while still leaving room for personal upgrades.
The living area extends to that large lanai, creating a comfortable indoor/outdoor living experience that Honolulu buyers prize. The primary bedroom and the second bedroom are sized for everyday life — each with easy access to full baths — and the plan supports both relaxed evenings and practical routines. Concrete construction and a flat roof are characteristic of the building, and this particular residence lacks built-in cooling but benefits from cross-ventilation and its elevated perspective.
Banyan Tree Plaza is an amenity-forward high-rise. Residents enjoy a swimming pool, a recreation room for gatherings, surfboard storage for weekend beach runs, secured entry, gated covered parking, and the convenience of an on-site resident manager. The building’s central Punahou location makes commuting straightforward: Kapiolani Medical Center, Shriners Children’s Hospital, and the retail and dining options at Ala Moana Center are all close by, while prestigious schools such as Punahou and Maryknoll sit within walking distance.
From an ownership standpoint, the unit’s recent cosmetic updates and clear maintenance make it attractive for owner-occupants who want a move-in-ready urban condo with outdoor living. Investors will note the strong rental demand in this corridor—proximity to hospitals and schools supports steady leasing, and recent sales activity inside the building provides a clear valuation range. Prospective buyers should confirm building-level details — maintenance fees, any special assessments, and the condition of original systems — as part of due diligence.
This unit offers a balanced Honolulu lifestyle: a practical, updated interior; a lanai that expands living to the skyline; and a location that puts schools, medical centers, shopping, and transit within easy reach. Schedule a walkthrough to experience the views and layout in person and to review building documents that will complete the ownership picture.
Punahou blends academic prestige, medical convenience, and urban access. This stretch of Punahou Street places you within walking distance of private institutions like Punahou and Maryknoll, while major medical centers and hospitals cluster nearby. Ala Moana’s shops and restaurants are a short trip away for errands and evenings out. The neighborhood attracts families and professionals seeking stable streets, transit options, and proximity to central Honolulu destinations, offering a balanced island-city lifestyle.
The Punahou corridor remains a seller’s market characterized by constrained inventory and consistent demand. Current market indicators show roughly 2.5 months of inventory and an average days-on-market near 30, signaling that well-priced condos move quickly. Median sale prices in the area sit around $500,000, with year-over-year appreciation at about 5% and five-year gains near 15%. Recent sales within Banyan Tree Plaza provide tight comps: one-bedroom units have closed in the low-to-mid $300ks to mid-$400ks range, while comparable two-bedroom sales in the building have transacted in the low $500ks; those comps produce a building-level price-per-square-foot band in the mid-$400s.
Condo product in this part of Honolulu is in steady demand from owner-occupants—especially families and professionals drawn to nearby medical centers and private schools—as well as from investors seeking stable rental streams. Lease comps in the building show one-bedroom rents around $2,000–$2,100; rental projections for a two-bedroom in this location average about $2,500 monthly, producing a gross rental yield near 6.4% based on current valuation estimates. With limited new supply and strong locational fundamentals, this is a market where prepared buyers act decisively. That said, buyers should review association finances, fee levels, and any pending capital projects prior to offer.
Punahou School
Private · 0.2 mi
Maryknoll School
Private · 0.3 mi
President George Washington Middle School
Middle
President William McKinley High School
High
Queen Kaahumanu Elementary School
Elementary
Very good urban recreation access with nearby medical campuses, shopping at Ala Moana Center, on-site pool and rec room; city parks and coastal recreation are a short drive away.
Well-maintained 2-bedroom condo in a prime Honolulu location with recent updates and desirable amenities. Proximity to top schools and medical centers enhances its appeal.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$450K
Midpoint
$465K
High
$480K
$474/SF estimated price per square foot
Sales comparison approach using recent sales within the building and nearby similar properties. Adjusted for unit size, condition, and floor level.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Stable population with moderate income levels. Desirable area for families and professionals.
Proximity to top-rated schools, major medical centers, and shopping destinations. Easy access to public transportation and major highways.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$469/SF
Arm's length transaction
$3889/SF
Bulk sale transaction
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