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
This fully furnished studio unit at Island Colony offers an efficient and rental-friendly 308 square feet of interior living space. The kitchen and bathroom feature tile flooring, while the living area is finished with durable laminate flooring, providing a practical and easy-to-maintain layout ideal for investment purposes. A standout feature of this unit is the exceptionally spacious 116-square-foot lanai, offering breathtaking Diamond Head views from the 35th floor. The expansive lanai provides an inviting space to relax, unwind, and enjoy the scenery high above Waikiki. Residents enjoy access to a variety of building amenities, including community washers and dryers, a fitness center, swimming pool, and BBQ area, enhancing both comfort and convenience. Ideally located in the heart of Waikiki, Island Colony offers excellent access to nearby restaurants, shopping, and entertainment, making this property a highly attractive option for both investors and owners seeking a prime Waikiki location.
HOA Fees Include: Cable TV, Hot Water, Internet Service, Sewer, Water
Zoning: X2 - Apartment Precinct
Flood Zone: Zone AE
View: City, Diamond Head, Golf Course, Marina/Canal, Mountain, Ocean
Furnished: Full
Property Condition: Average
Owner Occupancy: 10%
Management Company: Hawaiiana Management
Security Features: Keyed Elevator, Security Patrol, Video
Amenities: BBQ, Community Laundry, Condo Association Pool, Exercise Room, Fire Sprinkler, Meeting Room, Patio/Deck, Pool on Property, Resident Manager, Sauna, Security Guard, Trash Chute
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 20, 2026.Information is deemed reliable but not guaranteed.
This fully furnished studio unit at Island Colony offers an efficient and rental-friendly 308 square feet of interior living space. The kitchen and bathroom feature tile flooring, while the living area is finished with durable laminate flooring, providing a practical and easy-to-maintain layout ideal for investment purposes. A standout feature of this unit is the exceptionally spacious 116-square-foot lanai, offering breathtaking Diamond Head views from the 35th floor. The expansive lanai provides an inviting space to relax, unwind, and enjoy the scenery high above Waikiki. Residents enjoy access to a variety of building amenities, including community washers and dryers, a fitness center, swimming pool, and BBQ area, enhancing both comfort and convenience. Ideally located in the heart of Waikiki, Island Colony offers excellent access to nearby restaurants, shopping, and entertainment, making this property a highly attractive option for both investors and owners seeking a prime Waikiki location.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 20, 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.
