For SaleCondo

$465,000

Spacious 2-Bedroom Condo with Sweeping City & Mountain Views

1212 Punahou Street, Honolulu, Hawaii 96826, United States

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

Large lanai with panoramic city and mountain viewsRecent updates: vinyl plank flooring and fresh paint981 sqft, 2 bed / 2 bath floor planAssigned covered parking spaceBuilding amenities: pool, rec room, surfboard storagePrime Punahou location near schools and medical centersEstimated market value midpoint: $465,000

About This Home

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.

Property Features

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

Neighborhood

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.

Market Insights

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.

Nearby Schools

Punahou School

Private · 0.2 mi

Prestigious (N/A)

Maryknoll School

Private · 0.3 mi

N/A

President George Washington Middle School

Middle

7/10

President William McKinley High School

High

4/10

Queen Kaahumanu Elementary School

Elementary

4/10

Walkability & Recreation

78
Walkability
70
Recreation

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.

Property Overview

1212 Punahou Street, Unit 1805 is a 2-bedroom, 2-bathroom condominium located in the esteemed Banyan Tree Plaza in Honolulu. Built in 1974, this 981-square-foot unit offers a spacious living area complemented by a large open lanai, providing panoramic city and mountain views. Recent updates include vinyl plank flooring and fresh paint, enhancing the unit's appeal and move-in readiness.

The Banyan Tree Plaza is a well-maintained high-rise featuring amenities such as a swimming pool, recreation room, and surfboard storage. The building ensures security with secured entry, gated parking, and an on-site resident manager. Its central location offers easy access to major freeways, making commuting convenient in any direction.

From a valuation perspective, recent sales within the building and comparable properties in the area suggest a current market value between $450,000 and $480,000, with a midpoint estimate of $465,000. This valuation reflects the unit's size, condition, and desirable location within the building. The most recent sale of this unit occurred on March 31, 2025, at a price of $460,000, indicating a stable market value.

The Punahou neighborhood is highly sought after due to its proximity to top-rated educational institutions such as Punahou School and Maryknoll School, as well as major medical centers including Kapiolani Medical Center and Shriners Children's Hospital. Additionally, the unit is within close distance to Ala Moana Center, offering a plethora of shopping and dining options. The area boasts a stable population with moderate income levels, making it desirable for families and professionals alike.

Overall, this property represents a solid investment in a prime Honolulu location. The combination of recent updates, building amenities, and proximity to key institutions and attractions enhances its appeal. Potential buyers are encouraged to verify all details and consider the unit's position within the building to fully appreciate its value.

Investment Highlights

  • Recent updates including vinyl plank flooring and fresh paint
  • Located in the well-maintained Banyan Tree Plaza with numerous amenities
  • Proximity to top-rated schools and major medical centers
  • Panoramic city and mountain views from the large open lanai
  • Easy access to major freeways and public transportation

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

Things to Consider

  • Built in 1974; potential buyers should assess the condition of original systems
  • Maintenance fees and any special assessments should be reviewed
  • Proximity to major roads may result in noise levels that should be evaluated

Opportunity Analysis

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.

Potential Use Scenarios

  • Ideal for owner-occupants seeking a central location with amenities
  • Potential rental property given proximity to schools and hospitals
  • Long-term investment in a stable and appreciating market

Risk Factors

  • Age of the building may require future maintenance
  • Potential for noise due to proximity to major roads
  • Review of maintenance fees and any special assessments is necessary

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$450K

Midpoint

$465K

High

$480K

$474/SF estimated price per square foot

85% confidence

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.

Market & Area Data

Market Trends

Area Median Price$500,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)50,000
Median Income (1 mi)$75,000

Stable population with moderate income levels. Desirable area for families and professionals.

Nearby Points of Interest

  • Punahou School (0.2 mi)
  • Maryknoll School (0.3 mi)
  • Kapiolani Medical Center (0.4 mi)
  • Shriners Children's Hospital (0.3 mi)
  • Ala Moana Center (1.2 mi)

Proximity to top-rated schools, major medical centers, and shopping destinations. Easy access to public transportation and major highways.

School District

DistrictHawaii Department of Education
ElementaryQueen Kaahumanu Elementary School (4/10)
MiddlePresident George Washington Middle School (7/10)
HighPresident William McKinley High School (4/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1974
Constructionconcrete
Stories1
Roofflat
Heatingnone
Coolingnone
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Lot Size2.12 acres (92,478 SF)
Topographylevel
Parkingcovered
Parking Spaces1
FrontageFrontage on Punahou Street

Utilities

Watermunicipal
Sewermunicipal
ElectricHawaiian Electric
Gasnone

Zoning & Land Use

Zoning CodeA-3
DescriptionApartment District
JurisdictionCity and County of Honolulu

Allowed Uses

multi family residentialaccessory uses
Current Useresidential
Assessor UseResidential Condominium

Tax & Sale History

Tax Assessment

Total Assessed$529,400
Land$72,500
Improvements$456,900
Annual Tax (2024)$1,194

Sale History

2025-03-31$460,000

$469/SF

Arm's length transaction

1997-10-03$3,815,000

$3889/SF

Bulk sale transaction

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