Understanding the pricing landscape is essential for any buyer considering Kalae at Ward Village. As one of the most anticipated luxury developments in Honolulu, Kalae offers 330 market-priced residences at what is considered a front-row location within the award-winning Ward Village master-planned community. This guide covers pricing ranges, HOA fees, what is included, and how Kalae compares within the Ward Village context.

According to publicly available developer materials, pricing at Kalae ranges from approximately $1.2 million to $5.3 million, depending on the unit size, floor level, and view orientation. The development features 10 floor plan layouts across 1-bedroom, 2-bedroom, and 3-bedroom configurations in a 38-story tower at 1000 Ala Moana Blvd.

Pricing by Unit Type

One-bedroom units at Kalae range from 799 to 941 square feet. As of early 2024, remaining inventory was reported to be primarily one-bedroom units with sunset views, ranging from approximately $1.3 million to $2.2 million.

Two-bedroom units range from 1,160 to 1,411 square feet. These residences include a den and are well-suited for growing families or buyers who need more space. Pricing for two-bedroom units is reported to start above $2 million.

Three-bedroom units are reported to be up to 1,878 square feet and include a study. These premium residences represent the upper end of the pricing spectrum, with original pricing reaching up to approximately $5.3 million.

All 330 residences are market-priced. Originally, 165 units were offered exclusively to owner-occupants, but as of December 2022, all units are now offered without restrictions.

Resale Market Activity

Since Kalae was reported to be 85% pre-sold as of Q3 2023, buyers who missed the initial sales period may encounter resale listings. Resale listings have appeared in the approximate $1.5 million to $2.4 million range, according to publicly available MLS data. Resale pricing can vary based on factors such as floor level, view orientation, unit type, and any upgrades or customizations made by the original buyer.

Working with an experienced buyer's agent who specializes in Ward Village can help you navigate the resale market and negotiate effectively on your behalf.

HOA Fees and Fee Simple Ownership

Based on publicly available MLS listings, HOA maintenance fees for some one-bedroom units at Kalae are reported to be approximately $1,031 per month, plus a $27 per month association fee. These fees typically cover building maintenance, amenity upkeep, common area utilities, building insurance, reserve funds, and building management services. Fees for larger units are expected to be proportionally higher.

All units at Kalae are fee simple ownership, meaning buyers own the land beneath the building in addition to their individual unit. This is an important distinction in Hawaii real estate, as many older condominiums are leasehold.

What Is Included in the Price

According to developer materials, all Kalae residences include Sub-Zero appliances, a wine refrigerator, 9-foot floor-to-ceiling windows, wide plank oak wood engineered flooring, and Juliet balconies. Buyers can choose between light and dark finish options. Three-bedroom units include an integrated workspace/office and entertainment cabinet as standard. For one-bedroom and two-bedroom units, the workspace and entertainment cabinet are available as upgrade options.

Kalae's front-row positioning within Ward Village places it alongside Waiea, Park Lane, and Victoria Place as one of the most desirable addresses in the community. Directly across from Kewalo Boat Harbor and Ala Moana Beach Park, and adjacent to the 4-acre Victoria Ward Park, Kalae offers proximity to both ocean and park settings that contribute to its positioning within the luxury market.

Interested in Kalae at Ward Village? As independent buyer's agents, we help you navigate the purchase process with your best interest in mind, not the developer's. 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 or Howard Hughes Corporation. Always verify all details directly with the developer or your licensed real estate professional before making any purchasing decisions.