Where to Buy Short-term Vacation Rental Condos on Oahu

Among all condos on Oahu, the condos that allow for short-term vacation rentals – often referred to as condo hotels – are very popular. For an out-of-state or overseas owner, a condo hotel allows the owner to utilize while vacationing in Hawaii and otherwise rent out to other vacationers to maximize revenue.

Oahu has three resort neighborhoods – Ko Olina, Turtle Bay and Waikiki – and some of the condos in these neighborhoods – not all – are zoned Resort Hotel, which allows owners to run a short-term vacation rental business, assuming the condo association has not amended their rental rules.

In the following we will review the only Ko Olina condo that allows short-term rentals, the only two Turtle Bay condos that allow short-term rentals and three – out of the many – condos in Waikiki that allow for short-term vacation rentals.

Ko Olina Beach Villas

Ko Olina Beach Villas - Aerial Photo
Ko Olina Beach Villas

Location
Honolulu is energetic and exciting, but it sometimes leaves you forgetting youā€™re in Hawaii. Itā€™s noisy, cramped, and thereā€™s concrete everywhere you look. But if you go west, on the far side of Pearl Harbor, you soon find you can stretch out a little more and truly enjoy ocean and mountain views. For many, Ko Olina is the ideal Hawaii: oceanside living, white sand beach, championship golf course mauka (inland) of the condo, and Disneyā€™s Aulani is your neighbor. Itā€™s the Hawaii that feels like getting away from it all.

4-day-minimum length of short-term stay
Though the law allows for a one day minimum length of stay for locations zoned as Resort Hotel, the Ko Olina Beach Villasā€™ house rules increase that minimum length of stay to four days. This may not seem like much of a deal breaker, but itā€™s important to keep in mind when narrowing in on your purchase. It should be noted that the Beach Villas is the only property in the area that can be legally rented out as a short-term rental.

Amenities
With a 2007 build date, the Ko Olina Beach Villas complex is fairly new and fitted with many attractive features and amenities. They include a heated pool, keiki (kids) pool, whirlpool, recreation area, grilling area, exercise room, conference room and a walking and jogging path. The property sits up against Honu Lagoon, which enjoys a white sand beach and calm blue waters.

Unit Size
Ko Olina Beach Villas really shines when it comes to unit size. Across two and three-bedroom offerings are many different layouts that include lanai space. Two-bedroom condos range from about 1,170 to 1,300 sq ft indoors, with an additional 178 to 480 sq ft of lanai space. Three-bedroom condos range from about 1,470 sq ft to 1,650 sq. ft. indoors, with a lanai space of about 200 to 260 sq ft. Ground-floor units enjoy a small yard! Additionally, each unitā€™s kitchen has been designed by Chef Roy Yamaguchi, and includes double door dishwashers, Sub-Zero refrigerators, wine fridges and many more touches of refinery.

Ocean Villas at Turtle Bay

Ocean Villas at Turtle Bay
Ocean Villas at Turtle Bay

Location
The Ocean Villas at Turtle Bay is located in a resort neighborhood called Kuilima, located about an hourā€™s drive outside of Honolulu on Oahuā€™s world renowned North Shore. Thereā€™s a lot to like about the Ocean Villasā€™ remote, resort location. However, itā€™s important to remember that each winter crowds from around the world turn up to watch and take part in some of the biggest competitions the sport of surfing has to offer. During the other seasons, Turtle Bay is the perfect base to explore the surf town Haleiwa and some of the finest beaches on the Island, including Waimea Bay and Pipeline.

1-day-minimum length of short-term stay
Unlike the Ko Olina Beach Villas, the Ocean Villas at Turtle Bay have not amended their house rules to increase the minimum length of stay for short-term renters. Guests are allowed 1-day-minimum stays.

Amenities
With a build date of 2005, the Ocean Villas have many complex amenities to keep you, or your guests, comfortable. They include a pool, hot tub, BBQ area, recreation area and security. And, of course, the beach options, whether just outside your front door or down the road, are plentiful.

Unit Size
The Ocean Villas donā€™t disappoint when it comes to unit selection. Property seekers can choose between studio, one-bedroom, three-bedroom and four-bedroom accommodations, with studio and one-bedrooms measuring about 670 sq ft, three-bedroom units of about 1,410 or 1,530 sq ft and four-bedroom units with about 2,200 sq ft to 2,390 sf ft.

Kuilima Estates East & West

Update 2.10.2020: New DPP declaratory rulingB&Bs and TVUs are now allowed at Kuilima Estates East & West, pursuant to CO 19-18. Thatā€™s because Kuilima Estates is within 3,500 feet of a resort zone district of greater than 50 contiguous acres and was rezoned to A-1 Low-Density Apt District (Zone Change Application #71/2-33) as part of the rezoning of the Turtle Bay master planned resort.

Waikiki

Trump Tower Waikiki and Waikiki Shore - Aerial Photo
Trump Tower & Waikiki Shore

Location
Easily the most famous of the three resort neighborhoods on Oahu, Waikikiā€™s reputation precedes itself the world over. For decades, the tourist mecca on the Islandā€™s southeastern shore has been the standard by which other beach destinations have followed. Within a 1.5-mile stretch, residents and visitors have available to them some of the best in dining, shopping, entertainment and outdoor activities the Islands have to offer. From Waikiki, the rest of metro Honolulu is easily explored by foot, bike, bus or car. Property seekers should understand that Waikiki is different from Ko Olina and Turtle Bay in that there are close to 30 different condo complexes that allow for short-term vacation rentals.

Because there are far more offerings for short-term rental properties in Waikiki, itā€™s best to read through our guide to Waikiki condotels to orient yourself. We have included three uniquely different complexes, which gives you a sense of the variety of Waikikiā€™s short-term rental condos.

Ilikai Apartment
One of the more famous buildings in Waikiki, the Ilikai is often recognized from the opening sequence of the original ā€œHawaii 5-0ā€ series, in a scene showing Jack Lord standing on its penthouse lanai. The 1965-built condo received a massive renovation in 2014, and is fitted with amenities, such as two pools, gym, restaurant, valet, meeting rooms and security. Properties are available in a one-bedroom, 500 sq. ft. interior, 120 sq. ft. lanai floor plan, a two-bedroom, two-bath, 1000 sq. ft. interior and two 120 sq. ft. lanai floor plan, and a two-bedroom, two-bath, 1000 sq. ft. interior and single 240 sq. ft. lanai. There are also two and three-bedroom penthouse units with high ceilings and 2378 sq. ft. of interior space. Property seekers have been attracted to the Ilikaiā€™s location and its historically strong return on investment.

Waikiki Shore

Beach Right in Front of Waikiki Shore
Waikiki Shore Entry to Beach

The 1960-built Waikiki Shore has lots going for it, but itā€™s location in Waikiki takes the cake. The condo is next door to the 72-acre Fort Derussy Beach Park and itā€™s the only beachside condo in all of Waikiki. That means the property owners are literally a few steps from the sand, and a few more from the ocean. Waikiki Shore has a resident manager and security, but otherwise doesnā€™t have any noteworthy amenities. Units range from studios – about 350 sq ft – to one-bedroom – about 500 sq ft to 700 sq ft – to two-bedrooms with about 900 sq ft to 1,200 sq ft. Historically cash flow hasnā€™t been great for many units, though positive.

Trump Tower
For property seekers who arenā€™t cash flow conscious and who are looking to make a luxury lifestyle purchase, Waikikiā€™s Trump Tower ticks most of the boxes. The complex, which was built in 2009, also operates as a five-star hotel. Amenities include a pool, spa, gym and business center and is located right behind Waikiki Shore. Units are available in studio through three-bedroom floor plans, most units ranging from about 400 sq ft to a little over 2,000 sq ft.

A Final Thought
With the rise of online vacation rental booking platforms, such as AirBnB and VRBO, the Resort Hotel classification is expected to keep owners safe from possible scrutinization imposed by our local government on short-term vacation rental properties.

Also, given the increasing demand for privately owned short-term rental properties, there are early plans to develop new condo hotels in Waikiki, Ko Olina and Ala Moana areas. It will be very interesting to follow these developments and see what projects may materialize.

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11 thoughts on “Where to Buy Short-term Vacation Rental Condos on Oahu

  1. Aloha, great post! Iā€™m curious if any new developments are close to breaking ground in 2023? Also, any idea where exactly they might be? Maybe next to the beach villas, on Lagoon 2?

    1. Aloha Anna!
      Nothing new is coming up in Ko Olina in 2023.
      However, the Renaissance Residences are the latest brand new condotel development, currently under construction:
      https://www.hawaiiliving.com/oahu/honolulu/metro/sky-ala-moana-east-holiday-mart-condos-for-sale/
      Check our condotel resources: https://www.hawaiiliving.com/blog/category/condotels-short-term-rentals/
      Call us when ready to proceed.
      We are here to help.
      ~ Mahalo & Aloha

  2. Aloha! I see the newest Inn on the Park listing says it’s approved for short term rentals, but I thought that units at Inn on the Park were NOT approved for short term nor did any of them I found have an NUC. Can you clarify? Mahalo!

    1. Aloha Kelly!
      There are no legal STRs at Inn On The Park. This particular property is listed with another agency. Until they correct the upload error in the MLS it will show the way it does. ā˜¹ ~ Mahalo & Aloha

    1. Aloha Irvin!
      Thank you for your comment. Waikiki Banyan and Waikiki Sunset are both excellent properties and we sold tons of units here.
      Both buildings are listed in our Condotel Guide.
      Look under category D): ā€œParcels zoned ā€˜Apartmentā€™ ā€“ with hotel operation. But not grandfathered as a non-confirming hotel. = The individual unit must have a NUC, otherwise no short-term renting.ā€
      Both buildings filed a suit challenging the enforcement of CO 19-18 and each has achieved different temporary results.
      For more info, check our articles about ‘new short-term rental rules’ and ‘economic impact’. Negotiations are ongoing and we will be reporting updates. Stay tuned.
      Until then, contact us when you are ready to buy or sell. We are delighted to help you too! ~ Mahalo & Aloha

    1. Aloha Aubri Bell!
      The most comprehensive list of resort condos/condotels is here:
      https://www.hawaiiliving.com/condo-hotels/
      You may use the filter feature and set up email alerts to match your search criteria.
      Also check our vast library of helpful ‘Condotels & Short-Term Rentals’ blog posts.
      Let us know your budget and contact us here:
      https://www.hawaiiliving.com/contact/
      We are expert realtors specializing in this market, ready to help.
      ~ Mahalo & Aloha

    2. Aloha Steve Chiechi!
      Time is our most precious limited resource.
      We mostly write about Oahu where 75% of all Hawaii real estate activity happens.
      Contact us and let us know your budget.
      https://www.hawaiiliving.com/contact/
      We are happy to assist you with Maui and make it happen for you.
      ~Mahalo & Aloha

    1. Aloha Aubri Bell!
      I regret, we don’t vouch for Zillow, Trulia, or any other portals’ accuracy and completeness. šŸ™ šŸ™
      That’s why we went through great effort, time and expense and created our site to share with you!
      Contact us when you are ready to proceed.
      ~Mahalo & Aloha