- Address: 235 Liliuokalani Avenue, Honolulu, HI 96815.
- Built in 1960, with 3 stories and 48 units of Studio floor plans.
- Amenities: Swimming Pool, Recreation Area, Storage.
- Pets: No (verify).
- Interesting: Consider this - a Waikiki condominium with incredible beach access that has only recently (2018) seen a 6 figure sale price!
If there was a Kon Tiki Hotel in Waikiki, it's long gone, leaving this property as its legacy for Honolulu condo market
. It's a building that keeps the Mid-Century Hawaii style alive, while also presenting an opportunity for investors.
Every residence is a Studio/1BA of 323 sq ft, making it a cozy setting that provides everything you need, including a kitchen area. There is a level of security here, with gated entrances, and the kind of community feeling that buildings of this era were known for from the beginning. Where the greatest value of this real estate comes is outside your gates, though.
It's difficult to pinpoint what a 2 block walk – tops - to the most famous beach on Earth
is worth in property value, but it's undoubtedly one of those factors that a sale, or rental, can turn on. You have that unmeasurable, even priceless, asset and blessing when you live at the Kon Tiki Hotel Annex.
Straight down your street you arrive right at the western of the two lagoons, which promises calm, safe swimming and the ideal spot to watch the sunset over the ocean. Every evening if you want.
There's also the vast collection of shops, food choices and the greatest concentration of recreation and pau hana options of any neighborhood in Hawaii. All of it easily walkable. Being mauka of Kuhio Ave, you live outside the thick traffic, on both the streets and sidewalks, that characterizes this resort district.
With all of that, the reason for the lower pricings is that this is a Leasehold property, the lease expiring in 2051. For investors, this presents an opening to profit from rental income that is customarily higher in Waikiki, but without the also usual higher outlay to purchase property here.
Owner-Occupants will find it very attractive here, too, getting that same affordability, while opening your life and lifestyle to sands, waves and pleasures that people around the world only dream of having. It is undeniable that this is not just an increasingly rare breed of Waikiki condo, but one that's almost extinct. Take advantage before the window closes forever and leaves you wondering why you didn't.