We have represented clients in many Island Colony transactions and have a deep understanding of the building's specific nuances. We're happy to answer any questions.
Description
High-floor elegance meets ultimate convenience in the heart of Waikiki. This beautifully maintained studio at the iconic Island Colony offers spectacular, panoramic views of the lush Koolau mountains, Pacific Ocean, the Ala Wai Canal, and the shimmering city lights. Perfectly positioned for a savvy investor or part-time resident, this unit is fully set up for legal short-term rentals and comes truly turn-key for superhost status, including all stylish furnishings, linens, and kitchenware, beach chairs, and every necessity for a two-week excursion in paradise.Enjoy the open-air feel of your private lanai and the comfort of a split AC system. Island Colony’s resort-style amenities are exceptional, featuring a massive pool deck, jet spa, sauna, fitness center, and BBQ area. For added convenience, there is a grocery/sundry store and a restaurant located right on-site. This secure building is located just moments away from world-class shopping on Luxury Row and the famous sands of Waikiki Beach. Maintenance fees cover cable TV, internet, water, and sewer. Ready to go from day one—easy to show!
Built: 1979, 43 Floors with 745 Units, Studio & 1BR, Pets: No.
Amenities: Pool, Sauna, BBQ Area, Recreation Deck.
Short-term Vacation Renting: Allowed.
Island Colony, a condotel at Ala Wai Blvd and Seaside Ave in central Waikiki with community laundry and commercial spaces, sits in a vibrant location ideal for enjoying the area’s attractions.
Units
Studios and 1BRs, compact for vacationers, feature large lanais with some higher floor units boasting great ocean views.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 19, 2026.Information is deemed reliable but not guaranteed.
High-floor elegance meets ultimate convenience in the heart of Waikiki. This beautifully maintained studio at the iconic Island Colony offers spectacular, panoramic views of the lush Koolau mountains, Pacific Ocean, the Ala Wai Canal, and the shimmering city lights. Perfectly positioned for a savvy investor or part-time resident, this unit is fully set up for legal short-term rentals and comes truly turn-key for superhost status, including all stylish furnishings, linens, and kitchenware, beach chairs, and every necessity for a two-week excursion in paradise.Enjoy the open-air feel of your private lanai and the comfort of a split AC system. Island Colony’s resort-style amenities are exceptional, featuring a massive pool deck, jet spa, sauna, fitness center, and BBQ area. For added convenience, there is a grocery/sundry store and a restaurant located right on-site. This secure building is located just moments away from world-class shopping on Luxury Row and the famous sands of Waikiki Beach. Maintenance fees cover cable TV, internet, water, and sewer. Ready to go from day one—easy to show!
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 19, 2026.Information is deemed reliable but not guaranteed.
Built: 1979, 43 Floors with 745 Units, Studio & 1BR, Pets: No.
Amenities: Pool, Sauna, BBQ Area, Recreation Deck.
Short-term Vacation Renting: Allowed.
Island Colony, a condotel at Ala Wai Blvd and Seaside Ave in central Waikiki with community laundry and commercial spaces, sits in a vibrant location ideal for enjoying the area’s attractions.
Units
Studios and 1BRs, compact for vacationers, feature large lanais with some higher floor units boasting great ocean views.
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.
Buyer and Seller have reached an agreement and are under contract. The sale may be 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.
Property Taxes
Honolulu County Property Tax Info Real property tax rates in Honolulu are based on the property’s tax classification, as determined by the City & County.
The classifications below apply specifically to condos permitted for short-term rentals (stays of less than 30 days).
Hotel & Resort Applies to units in buildings originally constructed as hotels and grandfathered as Nonconforming Hotels by the Department of Planning & Permitting.
Taxed at a flat 1.39% of the assessed value
Transient Vacation (Tiered) Applies to units permitted for short-term rentals in buildings that were not originally developed as hotels, but are allowed short-term rental use under current zoning or nonconforming use rules.
First $800,000 taxed at 0.90%
Assessed value above $800,000 taxed at 1.15%
Note This is a general framework. Not all legal short-term rental unit classifications can be determined solely from the summary above.
Contact Agent
We have represented clients in many Island Colony transactions and have a deep understanding of the building's specific nuances. We're happy to answer any questions.
