Ala Moana's ultra-luxury condo scene just logged a new head-turner: a single-floor "Grand Penthouse" at Park Lane Ala Moana has quietly come up for sale with a $30 million asking price. The five-bedroom residence offers more than 5,700 square feet of interior living space and sweeping park-to-ocean views, placing it among the priciest condominium listings to appear in Honolulu this year.
What’s for sale
Listed on the local MLS as MLS #202609850, the property is described as a 5,743-square-foot home with five bedrooms, 5.5 bathrooms and expansive lanais. Monthly maintenance fees are shown at roughly $10,032, and the unit is being marketed by Shimizu Gateways Inc., Tomoko Yamamoto. The public listing details are available on broker pages, according to Compass.
How the listing surfaced
The new price tag was flagged in local business coverage this week, as reported by Pacific Business News. Public sales archives show the unit last changed hands in 2017 for roughly $18.8 million, according to Homes.com. The fresh $30 million ask has since been circulated across luxury property sites and MLS feeds.
Where it sits
Park Lane occupies the ocean-side stretch between Ala Moana Center and Ala Moana Beach Park, giving upper-floor units direct views over the park, harbor and coastline. The project consists of seven low-rise towers tied together by resort-style amenities, including private elevators, concierge services and pool and spa facilities. The development's positioning and amenity stack are highlighted by DwellHawaii.
How it stacks up
A $30 million ask is eye-watering by any measure, but it still has company at the top of Oʻahu's condo market. Hoodline reported that at least one Ilima penthouse in Ward Village went under contract for more than $40 million last year. Other marquee residences, including penthouses at Anaha and earlier offerings at Waiea, have been marketed in the high-teens to mid-30s millions, keeping the island's ultra-luxury bracket active according to local listings and market coverage. The new Park Lane listing slots into that small, rarefied tier.
Market takeaway
Industry watchers say trophy listings like this highlight a split market: a small but steady cluster of ultra-wealthy buyers continues to chase finished, move-in-ready showpieces, even as broader condo sales contend with higher borrowing costs and rising insurance and association expenses. Local economic and real estate reporting notes that developers and policymakers are testing loan programs and insurance measures aimed at stabilizing condo ownership and helping maintain aging or maintenance-heavy buildings. For broader economic context, see coverage by Hawaii Business.
Whether this Park Lane penthouse trades at or near its asking price will offer a fresh read on how buyers value turnkey luxury product relative to pre-construction bets. For now, the $30 million listing joins a short list of trophy condos that will help define Honolulu's high-end market this year.
