Hawaii Living

Banyan Tree Plaza #908 (Makiki)

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1212 Punahou St #908, Honolulu

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Call/Text Michelle (808) 352-2469 or use contact form.
We are a team of licensed real estate agents with in-depth knowledge of the pros & cons of every Honolulu building and each residence type within them. For an informed decision when making your purchase, contact us here at Hawaii Living.
Description
For Investors only! Owner is selling the FEE ONLY, not the leasehold portion. It is a fee simple property with a lease that expires on 10/30/2045. Current lease rent is $1,407.46 per month with the next renegotiation scheduled for 11/01/2025. This Banyan Tree Plaza leased fee is a high lease rent investment paid monthly without the headaches and expenses of a traditional rental property and at the end of the lease expiration it turns fee simple with lots of appreciation. Lessee (leasehold owner) is responsible to pay association fees, real property tax and maintenance of the unit. This property is a 3 bedroom 2 bath 1 parking unit with 1,356 sqft of living. Information advertised is based on tax records and cannot be verified. No showings allowed. Please do not contact the Lessee directly.
Recent Activity
  • Mar 07, 2023 Listed at $450,000
Sold
  • #1204: 2 Bds | 2 Ba @ $550K (2/17/23)
  • #3407: 1 Bd | 1 Ba @ $385K (12/14/22)
  • #1007: 3 Bds | 2.5 Ba @ $599K (11/7/22)
  • #1807: 1 Bd | 1 Ba @ $365K (10/27/22)
  • #1806: 2 Bds | 2 Ba @ $670K (9/8/22)
  • #2706: 2 Bds | 2 Ba @ $670K (8/12/22)
  • #2305: 2 Bds | 2 Ba @ $580K (7/25/22)
  • #3204: 2 Bds | 2 Ba @ $580K (7/7/22)
  • #3205: 2 Bds | 2 Ba @ $580K (6/20/22)
  • #2105: 2 Bds | 2 Ba @ $510K (5/25/22)
  • #2606: 2 Bds | 2 Ba @ $750K (3/23/22)
  • #603: 2 Bds | 2 Ba @ $570K (1/25/22)
  • #1907: 3 Bds | 2.5 Ba @ $720K (1/21/22)
  • #2804: 2 Bds | 2 Ba @ $555K (1/14/22)
  • #705: 2 Bds | 2 Ba @ $480K (1/12/22)
  • #1808: 3 Bds | 2 Ba @ $673K (1/10/22)
  • #3502: 1 Bd | 1 Ba @ $400K (12/30/21)
  • #1604: 2 Bds | 2 Ba @ $500K (12/22/21)
  • #2702: 1 Bd | 1 Ba @ $442K (12/22/21)
  • #704: 2 Bds | 2 Ba @ $510K (11/18/21)
  • #608: 4 Bds | 2.5 Ba @ $650K (11/2/21)
  • #2507: 3 Bds | 2.5 Ba @ $695K (10/29/21)
  • #3002: 1 Bd | 1 Ba @ $435K (9/3/21)
  • #3501: 1 Bd | 1 Ba @ $419K (8/24/21)
  • #1003: 2 Bds | 2 Ba @ $527K (6/30/21)
  • #3103: 2 Bds | 2 Ba @ $515K (6/4/21)
  • #3607: 1 Bd | 1 Ba @ $360K (1/22/21)
  • #1202: 1 Bd | 1 Ba @ $373K (9/21/20)
  • #808: 4 Bds | 2.5 Ba @ $665K (7/31/20)
  • #2308: 4 Bds | 2 Ba @ $639K (6/30/20)
  • #3305: 2 Bds | 2 Ba @ $540K (4/17/20)
  • #2108: 4 Bds | 2.5 Ba @ $699K (8/28/19)
  • #3307: 3 Bds | 2.5 Ba @ $690K (6/7/19)
  • #3104: 2 Bds | 2 Ba @ $535K (3/8/19)
  • #hidden: 1 Bd | 1 Ba @ $430K (2/28/19)
  • #906: 2 Bds | 2 Ba @ $620K (10/31/18)
  • #3404: 2 Bds | 2 Ba @ $580K (10/1/18)
  • #3006: 2 Bds | 2 Ba @ $715K (8/24/18)
  • #3207: Studio | 1 Ba @ $338K (6/13/18)
  • #3306: 2 Bds | 2 Ba @ $652K (5/22/18)
  • #2104: 2 Bds | 2 Ba @ $525K (5/10/18)
  • #708: 3 Bds | 2 Ba @ $658K (4/26/18)
  • #901: 1 Bd | 1 Ba @ $430K (2/27/18)
  • #1708: 4 Bds | 2 Ba @ $825K (2/7/18)
  • #2001: 1 Bd | 1 Ba @ $430K (1/31/18)
  • #1404: 2 Bds | 2 Ba @ $540K (12/21/17)
  • #2604: 2 Bds | 2 Ba @ $545K (10/13/17)
  • #1706: 2 Bds | 2 Ba @ $735K (10/3/17)
  • #1501: 1 Bd | 1 Ba @ $460K (9/25/17)
  • #904: 2 Bds | 2 Ba @ $560K (7/26/17)
Blog
More Details
  • Owner, Tax & Resale History: Click here
  • Zoning: 13 - A-3 High Density Apartment
  • Owner Occupancy: 61%
  • Management Company: Hawaiiana
  • Amenities: Condo Association Pool, Recreation Area, Recreation Room, Resident Manager, Security Guard, Trash Chute
  • TMK: 1-2-4-7-2-32
  • Tax Assessed Land: $106,500
  • Tax Assessed Improvements: $502,800
  • Tax Assessed Total: $609,300
  • Courtesy: Compass / (808) 825-4277
  • MLS: 202303653
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Good to Know
  • Address: 1212 Punahou St, Honolulu, HI 96826.
  • Built in 1974, 240 Units on 35 Floors, Studio - 4BR, Pets: No.
  • Amenities include Pool, Recreation Area, Meeting Rooms, Club House, Security Guard.

About Banyan Tree Plaza
The Banyan Tree Plaza condos are found right where Makiki transitions from urban area to a more open residential neighborhood toward the mountains. This location on the corner of Punahou St and Beretania Ave puts you right on a veritable expressway for getting around Honolulu.

H1 runs just a block mauka, erasing frustrating minutes spent just getting to  .....
Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on March 22, 2023. Information is deemed reliable but not guaranteed.
  • Asking Price: $450,000
Description
For Investors only! Owner is selling the FEE ONLY, not the leasehold portion. It is a fee simple property with a lease that expires on 10/30/2045. Current lease rent is $1,407.46 per month with the next renegotiation scheduled for 11/01/2025. This Banyan Tree Plaza leased fee is a high lease rent investment paid monthly without the headaches and expenses of a traditional rental property and at the end of the lease expiration it turns fee simple with lots of appreciation. Lessee (leasehold owner) is responsible to pay association fees, real property tax and maintenance of the unit. This property is a 3 bedroom 2 bath 1 parking unit with 1,356 sqft of living. Information advertised is based on tax records and cannot be verified. No showings allowed. Please do not contact the Lessee directly.
We are a team of licensed real estate agents with in-depth knowledge of the pros & cons of every Honolulu building and each residence type within them. For an informed decision when making your purchase, contact us here at Hawaii Living.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on March 22, 2023. Information is deemed reliable but not guaranteed.
    • Mar 07, 2023 Listed at $450,000
    • Address: 1212 Punahou St, Honolulu, HI 96826.
    • Built in 1974, 240 Units on 35 Floors, Studio - 4BR, Pets: No.
    • Amenities include Pool, Recreation Area, Meeting Rooms, Club House, Security Guard.

    About Banyan Tree Plaza
    The Banyan Tree Plaza condos are found right where Makiki transitions from urban area to a more open residential neighborhood toward the mountains. This location on the corner of Punahou St and Beretania Ave puts you right on a veritable expressway for getting around Honolulu.

    H1 runs just a block mauka, erasing frustrating minutes spent just getting to  .....
    Read more.
    Other Banyan Tree Plaza Listings
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Leasehold Expiry: 10/30/45
    Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn more about Oahu property taxes here.