Hawaii Living

Waikiki Banyan #1404-T1 (Waikiki)

1 / 1

201 Ohua Ave #1404-T1, Honolulu

Looking to Purchase Something Similar?
Email Info@HawaiiLiving.com or use below contact form.
Waikiki has unique short-term rental rules. We are expert real estate agents who specialize in this market. Contact us when ready. 
Guide To Condotels.
Description
Please take advantage of this great investment opportunity to own a legal short term vacation rental unit with a partial ocean view from lanai and one unassigned parking. Conveniently located near the heart of Waikiki, you can walk to the beach or experience a plethora of dining and shopping options. This unit is FEE SIMPLE, no remaining Sandwich Lease and has a (NUC) Non-confirming Use Certificate for daily rentals. Seller currently runs a legal short term rental with sellers brokerage firm. Fully furnished unit with complete kitchenware and extra beddings, ready for your short term vacation rental business. New owner can expect cashflow right after closing as the unit is booked out already several months in advance. Special Assessment: $239 will end 12/2023
Past Activity
  • Feb 15, 2024 Sold for $718,000
  • Jan 04, 2024 In Escrow
  • Dec 12, 2023 Price $735,000
  • Dec 07, 2023 Listed at $745,000
  • Oct 26, 2022 Sold for $645,000
  • Sep 24, 2022 In Escrow
  • Sep 22, 2022 Listed at $610,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.68
  • Price / ft²: $1,289
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Mountain, Ocean
  • Furnished: Full
  • Property Condition: Excellent
  • Owner Occupancy: 10%
  • Management Company: Hawaiiana
  • Security Features: Security Patrol, Video
  • Amenities: BBQ, Community Laundry, Condo Association Pool, Fire Sprinkler, Playground, Recreation Area, Resident Manager, Sauna, Security Guard, Tennis Court, Whirlpool
  • TMK: 1-2-6-25-5-98
  • Tax Assessed Land: $109,000
  • Tax Assessed Improvements: $530,900
  • Tax Assessed Total: $639,900
  • Courtesy: Damon HI Pac Intl Prop LLC / (808) 468-1838
  • MLS: 202326584
Good to Know
Profile
  • Address: 201 Ohua Ave, Honolulu, HI 96815.
  • Built in 1977, 876 Units and 2 37-Floor Towers, 1 BR Floor Plans, Pets: OK (verify).
  • Amenities: Pool, Whirlpool, Sauna, BBQ Area, Tennis Court, Putting Green, Children’s Playground, Community Laundry, Coffee Shop and more.

Per Bill 41 (CO 22-07), all Waikiki Banyan units are now allowed to do short-term renting, even the ones that don’t have a NUC, as long as an owner registers their unit for short-term renting (see process here).


About Waikiki Banyan
Waikiki Banyan is a 2 tower property, lo  .....
Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 21, 2024. Information is deemed reliable but not guaranteed.
  • Sold 2/15/24 at $718,000
    (List Price: $735,000)
Description
Please take advantage of this great investment opportunity to own a legal short term vacation rental unit with a partial ocean view from lanai and one unassigned parking. Conveniently located near the heart of Waikiki, you can walk to the beach or experience a plethora of dining and shopping options. This unit is FEE SIMPLE, no remaining Sandwich Lease and has a (NUC) Non-confirming Use Certificate for daily rentals. Seller currently runs a legal short term rental with sellers brokerage firm. Fully furnished unit with complete kitchenware and extra beddings, ready for your short term vacation rental business. New owner can expect cashflow right after closing as the unit is booked out already several months in advance. Special Assessment: $239 will end 12/2023
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 21, 2024. Information is deemed reliable but not guaranteed.
    • Feb 15, 2024 Sold for $718,000
    • Jan 04, 2024 In Escrow
    • Dec 12, 2023 Price $735,000
    • Dec 07, 2023 Listed at $745,000
    • Oct 26, 2022 Sold for $645,000
    • Sep 24, 2022 In Escrow
    • Sep 22, 2022 Listed at $610,000
    Profile
    • Address: 201 Ohua Ave, Honolulu, HI 96815.
    • Built in 1977, 876 Units and 2 37-Floor Towers, 1 BR Floor Plans, Pets: OK (verify).
    • Amenities: Pool, Whirlpool, Sauna, BBQ Area, Tennis Court, Putting Green, Children’s Playground, Community Laundry, Coffee Shop and more.

    Per Bill 41 (CO 22-07), all Waikiki Banyan units are now allowed to do short-term renting, even the ones that don’t have a NUC, as long as an owner registers their unit for short-term renting (see process here).


    About Waikiki Banyan
    Waikiki Banyan is a 2 tower property, lo  .....
    Read more.
    Other Waikiki Banyan Listings
     
    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 about property tax rates.