Hawaii Living

Tradewinds Plaza #506 (Waikiki)

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2572 Lemon Rd #506, Honolulu

This property was sold April 29, 2021 for $380,000
Description
Opportunity to own a Legal Short Term Vacation Rental (Zone X6) in world famous Waikiki. Only available 2 bed, 2 bath sell jointly unit 506 and 507 ($300K).Well maintained & cared for residence and perfect for investors looking to generate vacation rental income or for those lucky enough to live here full-time! Tradewinds Plaza is a very well-kept and secure building (fobs, secure entry).Parking is available on a first-come, first-served basis. Prime location, just a short half-block to the beach, and across from Kapiolani Park on the edge of Waikiki, close to restaurants and boutiques.
Past Activity
  • Apr 29, 2021 Sold @ $380K
  • Mar 09, 2021 In Escrow
  • Mar 08, 2021 Listed @ $380K
More Details
  • HOA Fees / Interior Sf: $1.24
  • Price / Interior Sf: $732
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Other Common Expenses, Sewer, Water
  • Year Remodeled: 2016
  • Owner, Tax & Resale History: Click here
  • Zoning: X6 - Resort Mixed Use Precinct
  • Any View: None, City
  • Owner Occupancy: 11%
  • Management Company: Touchstone
  • Security Features: Gated Community, Key, Keyed Elevator, Video
  • Amenities: Community Laundry
  • TMK: 1-2-6-27-20-36
  • Tax Assessed Land: $59,100
  • Tax Assessed Improvements: $301,200
  • Tax Assessed Total: $360,300
  • Courtesy: SC Realty, LLC
  • MLS: 202106465
Related Articles
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 17, 2021. Information is deemed reliable but not guaranteed.
About Tradewinds Plaza
Address: 2572 Lemon Rd, Honolulu, HI 96815.

About Tradewinds Place in Waikiki
Ask someone in Waikiki, even a lifetime local, where Lemon Street is and you'll get a blank look. It's actually a short, block-long side street off of Kapahulu Avenue. More importantly, it's about ½ block up from Kalakaua Avenue, where it runs right against Waikiki beach.

This is why the Tradewinds Plaza has been successfully running as a condotel for some time, giving visitors one of the top factors they seek on a Waikiki vacation – fast access to the ocean.

Keep in mind that, though it has the condotel zoning, it does not have hotel operations or services. You get the benefits of serving the short stay market, but you run it more as a vacation condo, handling certain things that a front desk normally would.

The building itself went up in 1979 with 80 units in it. 70 of those are Studio/1BA with various floor plans of 266 to 481 sq ft. The other 10 are 1BR/1BA condos tha  ....click here to read more
Description
Opportunity to own a Legal Short Term Vacation Rental (Zone X6) in world famous Waikiki. Only available 2 bed, 2 bath sell jointly unit 506 and 507 ($300K).Well maintained & cared for residence and perfect for investors looking to generate vacation rental income or for those lucky enough to live here full-time! Tradewinds Plaza is a very well-kept and secure building (fobs, secure entry).Parking is available on a first-come, first-served basis. Prime location, just a short half-block to the beach, and across from Kapiolani Park on the edge of Waikiki, close to restaurants and boutiques.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 17, 2021. Information is deemed reliable but not guaranteed.
Address: 2572 Lemon Rd, Honolulu, HI 96815.

About Tradewinds Place in Waikiki
Ask someone in Waikiki, even a lifetime local, where Lemon Street is and you'll get a blank look. It's actually a short, block-long side street off of Kapahulu Avenue. More importantly, it's about ½ block up from Kalakaua Avenue, where it runs right against Waikiki beach.

This is why the Tradewinds Plaza has been successfully running as a condotel for some time, giving visitors one of the top factors they seek on a Waikiki vacation – fast access to the ocean.

Keep in mind that, though it has the condotel zoning, it does not have hotel operations or services. You get the benefits of serving the short stay market, but you run it more as a vacation condo, handling certain things that a front desk normally would.

The building itself went up in 1979 with 80 units in it. 70 of those are Studio/1BA with various floor plans of 266 to 481 sq ft. The other 10 are 1BR/1BA condos tha  ....click here to 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. However, the sale is still 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.
Learn more about Oahu property taxes here.