Sales comparison approach using recent sales within the building and nearby similar properties. Adjusted for unit size, condition, and floor level.
Spacious 2-Bedroom Condo with Sweeping City & Mountain Views
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.
See the properties helping shape the valuation.
Comparable sales
- 266 SF smaller
- 1 fewer bedroom
- 1 fewer bathroom
- Similar lot size
- Same year built
- 188 SF smaller
- 1 fewer bedroom
- 1 fewer bathroom
- Similar lot size
- Same year built
- Same living area
- Similar lot size
- Same year built
A 1974 high rise on 2.12 acres.
Building
Site & utilities
Punahou
Researched nearby locations
Location
1212 Punahou Street, Honolulu, HI 96826
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.
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.
A factual market snapshot around 1212 Punahou Street.
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.
Apartment District
Zoning
Research-indicated uses
- Multi Family Residential
- Accessory Uses
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 266 SF smaller
- 1 fewer bedroom
- 1 fewer bathroom
- 188 SF smaller
- 1 fewer bedroom
- 1 fewer bathroom
What the research supports — and what is still worth verifying.
Key findings
- Built in 1974 with a total living area of 981 square feet
- Recent sale on March 31, 2025, at $460,000
- Assessed value for 2024 is $529,400 with annual taxes of $1,194
- Amenities include a swimming pool, recreation room, and surfboard storage
- Located near Punahou School, Maryknoll School, and Kapiolani Medical Center
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm unit's maintenance fees and any special assessments
- Verify condition of original building systems and recent updates
- Assess noise levels due to proximity to major roads
- Review building's financial health and any upcoming projects
What stands out about this property.
Interior Features
- 2 bedrooms, 2 full bathrooms
- 981 square feet of living space
- Vinyl plank flooring throughout
- Fresh interior paint
- Large open lanai with city and mountain views
- Concrete construction; flat roof
- No central cooling (natural ventilation)
Exterior & Lot
- Assigned covered parking (1 space)
- Frontage on Punahou Street
- Building acreage: 2.12 acres (lot size)
- Secured building entry and gated parking
Location & Neighborhood
- 0.2 mi to Punahou School
- 0.3 mi to Maryknoll School
- ~0.4 mi to Kapiolani Medical Center and nearby hospitals
- 1.2 mi to Ala Moana Center shopping and dining
- Easy access to public transportation and major highways
Walkability & Recreation
- Walkability Rating: 78/100 — Very Walkable
- Close proximity to schools, medical centers, and retail at Ala Moana
- Nearby urban corridors provide sidewalks and transit access
- Building amenities: swimming pool and recreation room
- Surfboard storage on site
- Community green spaces and city parks accessible within a short drive
Sources & research confidence.
See where the property research came from and how confidence varies by field.