Purchasing a residence at The Residences at Mandarin Oriental, Honolulu is a significant decision that involves multiple steps, from initial inquiry to closing. Located at 1687 Kapiolani Blvd in the Ala Moana District, this 37-story, 99-residence development by Mana'olana Partners represents one of the most exclusive real estate opportunities in Hawaii.

This step-by-step guide walks you through the purchasing process, based on publicly available information and our experience as independent buyer's agents. We recommend working with qualified professionals at every stage to ensure your interests are protected.

Step 1: Determine Your Budget and Financing

Before beginning the purchasing process, establish a clear understanding of your budget. Publicly available information suggests pricing at the Mandarin Oriental starts at approximately $2 million for smaller residences and can exceed $20 million for penthouse units. In addition to the purchase price, factor in maintenance fees reported at approximately $2.04 per square foot per month, property taxes, insurance, and potential hotel service fees.

If you plan to finance, connect with a lender experienced in luxury Hawaii real estate early in the process. New construction purchases may have different financing requirements than resale properties, and some developers may require larger deposits for pre-construction units.

Step 2: Engage an Independent Buyer's Agent

Working with an independent buyer's agent who is not affiliated with the developer gives you dedicated representation focused on your interests. A buyer's agent can provide objective market analysis, help you evaluate different unit options, negotiate on your behalf, and guide you through the complexities of purchasing in a branded residential development.

As Kristy & Austin Home Group, we serve as independent buyer's agents and are not part of the developer's sales team. This allows us to provide unbiased advice throughout your purchasing journey.

Step 3: Review Available Units and Floor Plans

The Mandarin Oriental Residences is reported to offer 99 units ranging from one-bedroom residences starting around 732 square feet to four-bedroom penthouses of approximately 4,033 square feet. According to developer materials, floor plan options include one-bedroom, two-bedroom, three-bedroom, and four-bedroom layouts, with various configurations available.

Your buyer's agent can help you evaluate the available inventory, compare floor plans, assess view orientations, and identify which units best match your lifestyle and investment goals.

Step 4: Make an Offer and Execute Purchase Agreement

Once you have identified your preferred unit, the next step is to make a formal offer. For new construction, this typically involves reviewing and signing a purchase agreement provided by the developer. This document will outline the purchase price, deposit schedule, projected completion date, and other terms and conditions.

It is strongly recommended that you have the purchase agreement reviewed by a real estate attorney before signing. Purchase agreements for luxury developments can be complex, and understanding your rights and obligations is essential.

Step 5: Complete Due Diligence and Closing

During the construction period, stay engaged with the process. This includes monitoring construction progress, reviewing any updates from the developer, and preparing for closing. As the project approaches completion, you will typically have the opportunity to conduct a walk-through of your unit to identify any items that need attention before final closing.

The closing process for new construction in Hawaii involves transferring fee simple ownership, which means you will own both the unit and a proportional share of the land beneath the building. Work with your real estate attorney and buyer's agent to ensure all documentation is in order and that closing proceeds smoothly.

Frequently Asked Questions

Do I need a buyer's agent to purchase at the Mandarin Oriental?

While not legally required, having an independent buyer's agent provides you with dedicated representation that focuses on your interests rather than the developer's. This can be especially valuable when navigating complex purchase agreements and new construction transactions.

What is fee simple ownership?

Fee simple ownership means you own both the residential unit and a proportional share of the land beneath the building. This is different from leasehold ownership, where you would own the unit but lease the land. Fee simple is generally considered more desirable in Hawaii.

How much are the maintenance fees?

Maintenance fees are reported at approximately $2.04 per square foot per month. For specific fee details and what they cover, contact the developer directly.

Ready to explore purchasing at The Residences at Mandarin Oriental? Our team provides step-by-step guidance through every phase of the buying process. Contact Kristy & Austin Home Group for a confidential consultation.

Disclaimer: This blog post is for informational and educational purposes only. It does not constitute real estate advice, legal advice, or an offer to sell or buy property. All information is believed to be accurate as of the publication date but is subject to change. Pricing, timelines, floor plans, amenities, and features referenced are based on publicly available developer materials and may change without notice. Kristy & Austin Home Group is not affiliated with, endorsed by, or acting as a sales representative for this development. Always verify all details directly with the developer or your licensed real estate professional before making any purchasing decisions.