Waikiki Banyan #1506 in the Makai Tower offers an excellent value opportunity for investors, second-home buyers, or primary residents alike. This unit enjoys pleasant mountain and ocean views and features several improvements that make it rental-ready, while still offering the chance to refresh and add your personal touch. Included is one parking stall—an exceptional benefit in Waikiki, as not many LEGAL Short-Term Rentals offer parking with the purchase. The building is well-managed and financially sound, providing added confidence for long-term ownership. Notable recent upgrades include repiping of sewer lines, ongoing recreation deck renovations, and modernized elevators. Ideally located just minutes from Waikiki Beach, shopping, dining, and entertainment, this residence delivers convenience, flexibility, and strong value in one of Honolulu’s most popular resort communities. No Becker Lease and 100% fee simple.
HOA Fees Include: Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
Zoning: X2 - Apartment Precinct
Flood Zone: Zone AE
View: City, Golf Course, Marina/Canal, Mountain, Ocean
Furnished: Full
Property Condition: Above Average,Average
Owner Occupancy: 19%
Management Company: Hawaiiana
Security Features: Security Patrol, Video
Amenities: BBQ, Community Laundry, Condo Association Pool, Fire Sprinkler, Other, Patio/Deck, Playground, Pool on Property, Recreation Area, Restaurant, Sauna, Security Guard, Tennis Court, Trash Chute, Whirlpool
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.
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.
Waikiki Banyan #1506 in the Makai Tower offers an excellent value opportunity for investors, second-home buyers, or primary residents alike. This unit enjoys pleasant mountain and ocean views and features several improvements that make it rental-ready, while still offering the chance to refresh and add your personal touch. Included is one parking stall—an exceptional benefit in Waikiki, as not many LEGAL Short-Term Rentals offer parking with the purchase. The building is well-managed and financially sound, providing added confidence for long-term ownership. Notable recent upgrades include repiping of sewer lines, ongoing recreation deck renovations, and modernized elevators. Ideally located just minutes from Waikiki Beach, shopping, dining, and entertainment, this residence delivers convenience, flexibility, and strong value in one of Honolulu’s most popular resort communities. No Becker Lease and 100% fee simple.
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.
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.
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.
