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View Full Version : $450,000 for a studio at Trump Waikiki?



maiwah
09-21-2006, 10:28 PM
$450,000 for a 560 sq ft studio. Is it expensive for real estate in Waikiki?

4ARedOctober
09-21-2006, 11:39 PM
Not bad at all.....I am trying to find 50 friends who want to buy a week from me for only $35,000 for each week and maintenance fees will only be $1200 a week for this prime property. Holiday weeks will be an extra $5 to 10K per week. The weeks will be fixed weeks and all will be available except weeks 51 and 52 which I will maintain as a bonus for multiple week purchasers who will be able to use it on a rotating basis for only the maintenance fees plus an $800 per week administration charge. Closing cost will only be $1,500 per week with a discount for multiple week purchases.

The above prices are cheap for this prime property being developed by the one and only Trump and beat the many other developer pricing plans. If you would like to tour the property and buy a week you will be awarded TS4M points to use on this site but you will need to make a decision before your tour is over....no purchase means no points.

I will also run the internal exchange program for an annual fee of $84 and an exchange fee of only $134 per exchange.

Please let me know if you are interested.

maiwah
09-21-2006, 11:44 PM
You are joking, right?

Steamboat Bill
09-22-2006, 10:33 AM
$450,000 for a 560 sq ft studio. Is it expensive for real estate in Waikiki?

I believe that that price represents the LOWEST priced unit available (the dumpster view).

Jya-Ning
09-22-2006, 11:00 AM
You probably want to ask PerryM in tug (or Boca here, but you may want to ask in the TS economic forum), he will give you a detail analysis on it. I believe you have to think how much Trump's name worth or can bring into the income level since it will be a rental property.

Jya-Ning

BocaBum99
09-22-2006, 11:04 AM
It's funny you mentioned this Trump site. I was driving around Waikiki last night looking for the Fairfield resort. I couldn't find it. But, I did find the Trump sign and the sign for a new Embassy Suites hotel.

The Trump building will be good if they build it really high so it can have ocean views. The lower level units won't be that great.

jmatias
09-22-2006, 12:11 PM
The buidling will be pretty tall with the upper floors having a great view, especially those on the side by Fort DeRussy.

http://www.trumpwaikikihotel.com/

Aloha,
Jen

Steamboat Bill
09-22-2006, 12:24 PM
A friend of mine is a real estate developer in South Florida and they "contracted" with Donald to put his name on one of their condos and his fee was something like $5 million. But they were happy to pay the fee as it increased sales volume.

BocaBum99
09-22-2006, 12:29 PM
What if Donald got two groups of current and former timeshare industry people into the game. That would be an interesting program to watch. Talk about knifing each other in the back. They would do it oh so smoothly.

myip
09-22-2006, 01:00 PM
I also looked into Trump Waikiki. The studio range is from $450K - $700K. 1 Bedroom $770K , 1 bedroom plus den is over 1 million...
For comparison: Honua Kai studio is $600K-$800K. I can't see how you can break even on this. If you put your money in CD at 5% - for $450K -> $22,500.

They are looking for 20%down now... 90K for $450K. I guess you have to figure out whether the real estate will go up. I doubt it will cover expense with the operating cost.

Steamboat Bill
09-22-2006, 01:50 PM
I doubt it will cover expense with the operating cost.

I agree....perhaps this is irrational exuberance in the real estate market.

taffy19
09-22-2006, 03:34 PM
That's what I believe too. A high enough unit to see the ocean will be in the top price range too since the price is starting from $450,000. Is that your plan to offer to your friends? I think you are taking a big risk today. :(

taffy19
09-22-2006, 03:37 PM
What if Donald got two groups of current and former timeshare industry people into the game. That would be an interesting program to watch. Talk about knifing each other in the back. They would do it oh so smoothly.
Yes, that would be fun to watch but I wouldn't take the risk on my own.

love2fly
09-22-2006, 04:42 PM
What if Donald got two groups of current and former timeshare industry people into the game. That would be an interesting program to watch. Talk about knifing each other in the back. They would do it oh so smoothly.

or have two teams of timeshare folks on the show trying to sell TS weeks to each other ...:woot:

jmatias
09-27-2006, 12:14 AM
We stopped by the sales office yesterday...first day to put down reservation $ and it was crowded. You could feel the "buzz" of excitement. I guess that's the Trump Effect! They opened an office in Tokyo also...they are really expecting huge Japanese interest.

On a side note I was in Waikiki today for a conference and got a good look at the whole Waikiki Beach Walk redevelopment. The Fairfield Waikiki resort is on the left side of Lewers street. From the parking lot of the Sheraton I could see the back of the Fairfield and they were working on the pool area. The Fairfield is in front of the Imperial. The retail area of the Beachwalk looks like it will be very nice and the "hip" new area to be in Waikiki.

Aloha,
Jen

taffy19
09-27-2006, 01:33 AM
Jen, when the Fairfield Waikiki resort is finished, will that mean that the whole street and corner is completed too? There was a lot of construction going on when we were there in April.

Here is a web page where you can see a live web cam (http://www.waikikibeachwalk.com/details.aspx?ppid=8) of Lewers Street and Kalia Road from and to several directions.
(http://www.waikikibeachwalk.com/details.aspx?ppid=8)

jmatias
09-27-2006, 01:57 AM
The Fairfield looks really close to completion and they seemed to be working on the final details.

You could see all the stalls for the Beachwalk shops but its still empty concrete. The retailers still need to get in there and "build out" their stores.

The signs all said completion in Fall of 2006.

The Embassy suites looks like it will be the last to be complete.

On the Trump Tower location they are knocking down the last of the old building on the site. They are projecting completion in 2009.

Besides the Beachwalk construction, the Royal Hawaiian Shopping center is undergoing major renovation so Kalakaua looks like a huge construction zone. Once its done it should be a big improvement with more open space, palm trees, and hawaiian ambiance.

I wish I had a camera with me today. Next time I go to Waikiki I'll be sure to take it.

Jen

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