Built in 1979, 38 Floors with 435 Units, 1 & 2BR Floor plans, Pets: OK (verify).
Amenities include Heated Pool, Lighted Tennis Court, Sauna, BBQ Area, Convenience Store.
Free Beach Ball for the kids when they check in and every room has a Playstation (fee required)!
About Waikiki Sunset Condotels like the Waikiki Sunset condo have become more and more popular with Hawaii vacationers, due to the kitchen facilities that give them meal independence, much of the same hotel services, but often at a lower price. This attractiveness has made them equally popular with real estate investors because they can produce a good, steady income.
The Waikiki Sunset condo sits on the Diamond Head side of Waikiki, in a generally quieter area of the district. Quiet doesn't mean remote, however. You can easily walk to the Honolulu Zoo, Kapiolani Park and, most importantly, the beach in no time at all.
Being a vacation property, rather than a residence, it will be your guests who enjoy the amenities most of the time. They are crucial to your investment, though, as they are part of the sales pitch that brings business & bookings. Your Waikiki Sunset condo benefits directly from the heated pool, attractive location, central air-conditioning and front-desk services. You can even turn the management and booking over to Aston Hotels and let them handle the headaches of maintenance and dealing with vacationers.
The views are excellent, with even numbers on the ocean side and odd on the mountain side. Being separated from the beach by some large hotel structures, you usually have just partial ocean views. However, many on that side have an excellent vantage point for the always spectacular sunsets. There's also a lot to be said for looking out at the green Koolau mountains and the active city life & lights of Honolulu, too.
Two important factors you should know. First, many, but not all, units have converted to Fee Simple. Second, this building is zoned as residential now, so you must have a current NUC (Nonconforming Use Certificate) to rent daily or short-term stays. Otherwise you fall under the 30-day minimum booking restrictions.
A Waikiki Sunset condo could be an excellent way for you to invest in Waikiki real estate, giving you a piece of a vacation property that's well-known and well-reviewed online. In many ways, much of the hard work is already done for you. All you need to do now is buy in.
The price range of condos for sale in Waikiki Sunset is $445K to $598K with a median price of $528K and median interior of 546sf.
The median price of condos sold in Waikiki Sunset year-to-date (Jan - Sep 23, 2017) is $510K. In previous years it was $394K (2016), $410K (2015), $457K (2014), $430K (2013), $325K (2012), $375K (2011), $315K (2010), $292K (2009), $245K (2008), $258K (2007), $300K (2006), $245K (2005), $205K (2004), $177K (2003).
5 condos have sold in Waikiki Sunset year-to-date (Jan - Sep 23, 2017). In previous years, the total number of condos sold were 14 (2016), 10 (2015), 16 (2014), 17 (2013), 17 (2012), 15 (2011), 15 (2010), 15 (2009), 31 (2008), 30 (2007), 13 (2006), 35 (2005), 28 (2004), 18 (2003).
On average Waikiki Sunset condos were on the market for 88 days before they were sold (Jan - Sep 23, 2017). In previous years it was 135 days (2016), 87 days (2015), 96 days (2014), 81 days (2013), 56 days (2012), 82 days (2011), 116 days (2010), 100 days (2009), 96 days (2008), 70 days (2007), 135 days (2006), 59 days (2005), 67 days (2004), 96 days (2003).
The average days on market for Waikiki Sunset condos before sold was 28 days August 2017 compared to 243 days August 2016.
The ratio of Waikiki Sunset condos sales price vs list price was 96.2% August 2017 compared to 99.0% August 2016.
1 Waikiki Sunset condo was sold August 2017 compared to 1 condo sold August 2016.
The total dollar volume of condos currently for sale in Waikiki Sunset is $2.62M and the sold dollar volume year-to-date (Jan - Sep 23, 2017) is $2.52M. In previous years sold dollar volume was $5.63M (2016), $3.92M (2015), $7.41M (2014), $7.46M (2013), $5.65M (2012), $5.82M (2011), $4.36M (2010), $4.27M (2009), $8.58M (2008), $8.06M (2007), $4.23M (2006), $8.95M (2005), $6.39M (2004), $3.39M (2003).
The most recent sale in Waikiki Sunset was a condo located at #1204 , sold for $452K on Sep 22, 2017. It had 564sf of interior. 9 other recent sales include: #3209 (564sf) sold for $510K on 8/7/2017. #2512 (534sf) sold for $531K on 7/28/2017. #2406 (534sf) sold for $560K on 6/26/2017. #1511 (546sf) sold for $467K on 2/24/2017. #1405 (546sf) sold for $457K on 2/9/2017. # (604sf) sold for $350K on 10/18/2016. #3603 (546sf) sold for $532K on 10/17/2016. #1105 (546sf) sold for $390K on 10/3/2016. #1211 (546sf) sold for $240K on 9/6/2016.
In Waikiki Sunset there is currently 5 fee simple units for sale. 2 of the condos have ocean views, 2 have Diamond Head views and 3 have mountain views.