Hawaii Living

Tradewinds Plaza #903 (Waikiki)

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2572 Lemon Rd #903, Honolulu

This property was sold April 07, 2021 for $310,000
Description
Opportunity to own a Legal Short Term Vacation Rental (Zone X6) in world famous Waikiki. Fully furnished studio, 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! The large lanai with beautiful partial views of the ocean, offers additional space to enjoy. Tradewinds Plaza is a very well-kept and secure building (fobs, secure entry).Parking is available on a first-come, first-served basis. The unit features new bathroom floors, new paint, new bathtub coating, window AC, new ceiling fan, large closet. 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. Low maintenance fees.
Past Activity
  • Apr 07, 2021 Sold @ $310K
  • Mar 13, 2021 In Escrow
  • Feb 28, 2021 Price ↓ $315K
  • Feb 13, 2021 Listed @ $335K
More Details
  • HOA Fees / Interior Sf: $1.24
  • Price / Interior Sf: $978
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Other Common Expenses, Sewer, Water
  • Year Remodeled: 2021
  • Owner, Tax & Resale History: Click here
  • Zoning: X6 - Resort Mixed Use Precinct
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • Any View: Garden, Ocean
  • Owner Occupancy: 11%
  • Management Company: Touchstone
  • Security Features: Card, Gated Community, Key, Keyed Elevator
  • Amenities: Community Laundry, Resident Manager
  • TMK: 1-2-6-27-20-65
  • Tax Assessed Land: $36,600
  • Tax Assessed Improvements: $216,800
  • Tax Assessed Total: $253,400
  • Courtesy: SC Realty, LLC
  • MLS: 202103835
Related Articles
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 13, 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. Fully furnished studio, 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! The large lanai with beautiful partial views of the ocean, offers additional space to enjoy. Tradewinds Plaza is a very well-kept and secure building (fobs, secure entry).Parking is available on a first-come, first-served basis. The unit features new bathroom floors, new paint, new bathtub coating, window AC, new ceiling fan, large closet. 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. Low maintenance fees.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 13, 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.
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