We have represented clients in many Palms At Waikiki transactions and have a deep understanding of the building's specific nuances. We're happy to answer any questions.
Description
Turnkey, fully furnished legal short-term rental at Palms at Waikiki, located on the desirable west end of Waikiki near Ala Moana Center and Waikiki Beach. This unit is actively operating as a vacation rental with professional third-party management in place, offering immediate income potential. Owner financing available. All furniture and staging items - upgraded approximately one year ago (valued at $5,000) - are included in the sale, making this a true turnkey opportunity. Building features include security patrol, a ground-floor restaurant, air-conditioned hallways, hardwired smoke detectors, and a fire sprinkler system. The maintenance fee is comprehensive and covers central AC, electricity, internet, cable TV, water, and sewer - simplifying expenses and improving cash flow predictability. Conveniently located near shopping, dining, the Hawaii Yacht Club, and Waikiki's weekly Friday night fireworks display. Ideal for investors seeking a legal, income-producing property in one of Waikiki's most recognized short-term rental buildings.
Built: 1970, 15 Floors with 262 Units, Studio – 1 BR Floor plans, Pets: No.
Amenities: Pool, Hot Tub, BBQ, Sun Deck, Exercise Room.
Short-term Vacation Renting: Allowed.
Palms at Waikiki, a popular condotel on the Ala Moana end of Waikiki with community laundry, an on-site restaurant, concierge, and two elevators, features hotel-like front desks operated by both Aqua Resorts and Castle Resorts, managing short-term rental units. A shuttle stop is conveniently located in front of t... Read more
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.
Turnkey, fully furnished legal short-term rental at Palms at Waikiki, located on the desirable west end of Waikiki near Ala Moana Center and Waikiki Beach. This unit is actively operating as a vacation rental with professional third-party management in place, offering immediate income potential. Owner financing available. All furniture and staging items - upgraded approximately one year ago (valued at $5,000) - are included in the sale, making this a true turnkey opportunity. Building features include security patrol, a ground-floor restaurant, air-conditioned hallways, hardwired smoke detectors, and a fire sprinkler system. The maintenance fee is comprehensive and covers central AC, electricity, internet, cable TV, water, and sewer - simplifying expenses and improving cash flow predictability. Conveniently located near shopping, dining, the Hawaii Yacht Club, and Waikiki's weekly Friday night fireworks display. Ideal for investors seeking a legal, income-producing property in one of Waikiki's most recognized short-term rental buildings.
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: 1970, 15 Floors with 262 Units, Studio – 1 BR Floor plans, Pets: No.
Amenities: Pool, Hot Tub, BBQ, Sun Deck, Exercise Room.
Short-term Vacation Renting: Allowed.
Palms at Waikiki, a popular condotel on the Ala Moana end of Waikiki with community laundry, an on-site restaurant, concierge, and two elevators, features hotel-like front desks operated by both Aqua Resorts and Castle Resorts, managing short-term rental units. A shuttle stop is conveniently located in front of t... Read more
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 Palms At Waikiki transactions and have a deep understanding of the building's specific nuances. We're happy to answer any questions.
