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Waikiki Banyan #1005 T-2 (Waikiki)

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201 Ohua Ave #1005 T-2, Honolulu

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Description
Discover luxury, convenience, and investment potential in this renovated 1-bed, 1-bath condo at Waikiki Banyan—just one block from Waikiki Beach. This legal short-term rental boasts a high booking rate and glowing reviews. Steps from Kapiolani Park, Honolulu Zoo, and top shopping, dining, and nightlife. Enjoy a private lanai with stunning mountain, canal, and sunrise views. Redesigned in 2022, the bright, modern interior is perfect as an investment, vacation home, or residence.Property tax follows the STR rate (3x residential); as a residence, it's only 0.35%. Upgrades include new elevators (2024-2025) and ongoing enhancements. A $570.78/month special assessment (ending Dec. 2025) covers pool deck renovations, insurance increases, and capital improvements.Resort-style amenities: rooftop pool, BBQ area, sauna, hot tub, rec deck, playground, tennis courts (under renovation), and 24/7 security. Free unassigned parking is a rare Waikiki perk!Investor Opportunity: Proven high-performing Airbnb. Inquire for booking history and the Airbnb listing link. Schedule your private showing today!
Recent Activity
  • Apr 17, 2025 Price $719,000
  • Mar 17, 2025 Price $725,000
  • Mar 13, 2025 Price $730,000
  • Feb 28, 2025 Price $745,000
  • Jan 25, 2025 Price $759,000
  • Jan 12, 2025 Price $775,000
  • Jan 06, 2025 Price $785,000
  • Jan 01, 2025 Listed at $790,000
  • Jul 15, 2022 Sold for $537,000
  • May 24, 2022 Under Contract
  • May 20, 2022 Listed at $537,000
Past Sales
(Waikiki Banyan)
  • #1505-I: 1 Bd | 1 Ba @ $650K (1/24/25)
  • #T1-1105: 1 Bd | 1 Ba @ $749K (1/17/25)
  • #1004: 1 Bd | 1 Ba @ $156K (1/15/25)
  • #1204: 1 Bd | 1 Ba @ $683K (1/10/25)
  • #Makai 3508: 1 Bd | 1 Ba @ $889K (1/2/25)
  • #Mauka 1510: 1 Bd | 1 Ba @ $735K (12/31/24)
  • #T2-709: 1 Bd | 1 Ba @ $610K (12/13/24)
  • #2713-I: 1 Bd | 1 Ba @ $835K (12/4/24)
  • #Makai 3707: 1 Bd | 1 Ba @ $900K (11/29/24)
  • #T1-2904: 1 Bd | 1 Ba @ $725K (11/6/24)
  • #2511: 1 Bd | 1 Ba @ $200K (10/31/24)
  • #3413: 1 Bd | 1 Ba @ $891K (10/25/24)
  • #T2-1011: 1 Bd | 1 Ba @ $688K (10/22/24)
  • #T2 #1814: 1 Bd | 1 Ba @ $750K (10/15/24)
  • #2-813: 1 Bd | 1 Ba @ $710K (10/10/24)
  • #3205-I(NUC): 1 Bd | 1 Ba @ $853K (9/30/24)
  • #2509: 1 Bd | 1 Ba @ $777K (9/27/24)
  • #607 T1: 1 Bd | 1 Ba @ $115K (9/27/24)
  • #3309: 1 Bd | 1 Ba @ $888K (9/23/24)
  • #1804: 1 Bd | 1 Ba @ $800K (9/9/24)
  • #1206-T1: 1 Bd | 1 Ba @ $758K (9/6/24)
  • #1612: 1 Bd | 1 Ba @ $850K (8/30/24)
  • #2303-T1: 1 Bd | 1 Ba @ $735K (8/28/24)
  • #3810 II: 1 Bd | 1 Ba @ $305K (8/21/24)
  • #1810-T2: 1 Bd | 1 Ba @ $780K (8/12/24)
  • #II-1014: 1 Bd | 1 Ba @ $772K (8/9/24)
  • #1012: 1 Bd | 1 Ba @ $693K (7/29/24)
  • #2907-T1: 1 Bd | 1 Ba @ $820K (7/29/24)
  • #T1-2807: 1 Bd | 1 Ba @ $787K (7/22/24)
  • #Mauka 3708: 1 Bd | 1 Ba @ $318K (7/17/24)
  • #T2-1903: 1 Bd | 1 Ba @ $715K (7/11/24)
  • #2107: 1 Bd | 1 Ba @ $760K (6/24/24)
  • #1709: 1 Bd | 1 Ba @ $738K (6/14/24)
  • #1809: 1 Bd | 1 Ba @ $745K (6/13/24)
  • ##MAKAI/3703: 1 Bd | 1 Ba @ $895K (6/10/24)
  • #T1-801: 1 Bd | 1 Ba @ $698K (5/31/24)
  • #2507 T#1: 1 Bd | 1 Ba @ $775K (5/30/24)
  • #3508-T2(NUC): 1 Bd | 1 Ba @ $850K (4/18/24)
  • #2609-T1 Makai: 1 Bd | 1 Ba @ $765K (4/9/24)
  • #3013: 1 Bd | 1 Ba @ $275K (4/4/24)
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.62
  • Price / ft²: $1,291
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Sewer, Water
  • Year Remodeled: 2022
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • View: Mountain
  • Furnished: Full
  • Property Condition: Excellent
  • Owner Occupancy: 20%
  • Management Company: Hawaiiana Mgmt.
  • Amenities: BBQ, Community Laundry, Heated Pool, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute
  • TMK: 1-2-6-25-5-489
  • Tax Assessed Land: $106,600
  • Tax Assessed Improvements: $625,800
  • Tax Assessed Total: $732,400
  • Courtesy: Hawaii Home Properties LLC / (808) 666-3300
  • MLS: 202428330
Ask George a Question
About Waikiki Banyan
  • Address: 201 Ohua Ave, Honolulu, HI 96815.
     
  • Built: 1977, 876 Units, 2 37 Floor Towers, 1BR, Pets: OK (verify).
     
  • Amenities: Pool, Whirlpool, Sauna, BBQ Area, Tennis Court, Putting Green, Children’s Playground.
     
  • Short-term Vacation Renting: Allowed.

Special Assessment: From January to December 2025, each unit incurs an additional $570.78/month for 12 months to fund a pool deck renovation (started March 2025, expected to last 10-12 months), insurance cost increases, and other capital improvements.

Waikiki Banyan, a two-tower condot  ..... Read more.

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 26, 2025.Information is deemed reliable but not guaranteed.
Other Waikiki Banyan Listings
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$720,000
Waikiki Banyan #2209
Studio | 1 Ba
533 ft²
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$725,000
Waikiki Banyan #2112 Mauka
1 Bd | 1 Ba
533 ft²
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$710,000
Waikiki Banyan #603
1 Bd | 1 Ba
582 ft²
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Featured
$735,000
Other Condotels
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$659,000
Waikiki Sunset #905
1 Bd | 1 Ba
546 ft²
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$650,000
Palms At Waikiki #205
1 Bd | 1 Ba
793 ft²
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$630,000
Hawaiian Monarch #2904
1 Bd | 2 Ba
476 ft²
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$815,000
Ilikai Marina #890
1 Bd | 1 Ba
651 ft²
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$830,000
Luana Waikiki #1607
1 Bd | 1 Ba
588 ft²
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$595,000
Marine Surf Waikiki #403
Studio | 1 Ba
392 ft²
  • Asking Price: $719,000

    $6,000 price drop 9 days ago

Description
Discover luxury, convenience, and investment potential in this renovated 1-bed, 1-bath condo at Waikiki Banyan—just one block from Waikiki Beach. This legal short-term rental boasts a high booking rate and glowing reviews. Steps from Kapiolani Park, Honolulu Zoo, and top shopping, dining, and nightlife. Enjoy a private lanai with stunning mountain, canal, and sunrise views. Redesigned in 2022, the bright, modern interior is perfect as an investment, vacation home, or residence.Property tax follows the STR rate (3x residential); as a residence, it's only 0.35%. Upgrades include new elevators (2024-2025) and ongoing enhancements. A $570.78/month special assessment (ending Dec. 2025) covers pool deck renovations, insurance increases, and capital improvements.Resort-style amenities: rooftop pool, BBQ area, sauna, hot tub, rec deck, playground, tennis courts (under renovation), and 24/7 security. Free unassigned parking is a rare Waikiki perk!Investor Opportunity: Proven high-performing Airbnb. Inquire for booking history and the Airbnb listing link. Schedule your private showing today!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 26, 2025.Information is deemed reliable but not guaranteed.
    • Apr 17, 2025 Price $719,000
    • Mar 17, 2025 Price $725,000
    • Mar 13, 2025 Price $730,000
    • Feb 28, 2025 Price $745,000
    • Jan 25, 2025 Price $759,000
    • Jan 12, 2025 Price $775,000
    • Jan 06, 2025 Price $785,000
    • Jan 01, 2025 Listed at $790,000
    • Jul 15, 2022 Sold for $537,000
    • May 24, 2022 Under Contract
    • May 20, 2022 Listed at $537,000
    • Address: 201 Ohua Ave, Honolulu, HI 96815.
       
    • Built: 1977, 876 Units, 2 37 Floor Towers, 1BR, Pets: OK (verify).
       
    • Amenities: Pool, Whirlpool, Sauna, BBQ Area, Tennis Court, Putting Green, Children’s Playground.
       
    • Short-term Vacation Renting: Allowed.

    Special Assessment: From January to December 2025, each unit incurs an additional $570.78/month for 12 months to fund a pool deck renovation (started March 2025, expected to last 10-12 months), insurance cost increases, and other capital improvements.

    Waikiki Banyan, a two-tower condot  ..... Read more.

    Other Waikiki Banyan Listings
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    $720,000
    Waikiki Banyan #2209
    Studio | 1 Ba
    533 ft²
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    $725,000
    Waikiki Banyan #2112 Mauka
    1 Bd | 1 Ba
    533 ft²
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    $710,000
    Waikiki Banyan #603
    1 Bd | 1 Ba
    582 ft²
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    Featured
    $735,000
    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.
    Learn about property tax rates.