Hawaii Living

Waikiki Banyan #1510 - II (Waikiki)

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201 Ohua Ave #1510 - II, Honolulu

This property was sold June 08, 2021 for $470,000
Description
No Sandwich Lease; seller paid it off! Special Assessment will be paid off by seller at closing! Enjoy owning this much sought after "condo-hotel" as a full time residence, second home or investment property. The low maintenance fee not only includes all utilities, but also a resort-like amenities; deck complete with a heated pool, two whirlpools, sauna, tennis/basketball court, children's play area and BBQ's. This condo also includes an unassigned, covered/secured parking stall. The Waikiki Banyan is known as one of the better-managed buildings in Waikiki and is also pet friendly! The unit will be sold "As-Is"! Unit is currently being rented out in the vacation pool & is a profitable investment. (Financials can be provided on request.)
Past Activity
  • Escrow / Under Contract
    (since May 17, 2021)
  • May 17, 2021 Sold for $470,000
  • May 17, 2021 In Escrow
  • Apr 12, 2021 Price $478,000
  • Feb 20, 2021 Listed at $478,000
  • Feb 18, 2021 Listed at $510,000
More Details
  • HOA Fees / Interior Sf: $0.95
  • Price / Interior Sf: $897
  • HOA Fees Include: Electricity, Hot Water, Other Common Expenses, Sewer, Water
  • Owner, Tax & Resale History: Click here
  • Zoning: X2 - Apartment Precinct
  • Elementary School: Jefferson
  • Middle School: Kaimuki
  • High School: Kaimuki
  • Any View: City, Diamond Head, Ocean, Sunset
  • Owner Occupancy: 10%
  • Management Company: Hawaiiana mgmt
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Community Association Pool, Security Guard, Tennis Court, Trash Chute, Whirlpool
  • TMK: 1-2-6-25-5-550
  • Tax Assessed Land: $98,400
  • Tax Assessed Improvements: $454,800
  • Tax Assessed Total: $553,200
  • Courtesy: Pacific Realty Ventures LLC
  • MLS: 202104337
Related Articles
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on June 24, 2021. Information is deemed reliable but not guaranteed.
About Waikiki Banyan
  • 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 include: Pool, Whirlpool, Sauna, BBQ Area, Tennis Court, Putting Green, Children’s Playground, Community Laundry, Coffee Shop and 24-Hour Security Guard.
  • Many units in this popular condo hotel can be rented out daily and the rental program here makes it easy for owners to take advantage of this opportunity.

News
Waikiki Banyan is attempting to get re-zoned in an effort to allow all owners to run a short-term rental business.


About Waikiki Banyan
The Waikiki Banyan condo is a large, two tower condotel, located at the Diamond Head end of Waikiki off of Kuhio Avenue. There are four rental agencies with an office in the building: Aston Hotels, Koko Resorts, Map Vision and CIMY Hawaii Resorts at The Waikiki Banyan.

Several of these 1 Bedroom / 1 Bath units can be rented on a daily basis, making Waikiki Banyan  ....click here to read more
Description
No Sandwich Lease; seller paid it off! Special Assessment will be paid off by seller at closing! Enjoy owning this much sought after "condo-hotel" as a full time residence, second home or investment property. The low maintenance fee not only includes all utilities, but also a resort-like amenities; deck complete with a heated pool, two whirlpools, sauna, tennis/basketball court, children's play area and BBQ's. This condo also includes an unassigned, covered/secured parking stall. The Waikiki Banyan is known as one of the better-managed buildings in Waikiki and is also pet friendly! The unit will be sold "As-Is"! Unit is currently being rented out in the vacation pool & is a profitable investment. (Financials can be provided on request.)
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on June 24, 2021. Information is deemed reliable but not guaranteed.
  • 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 include: Pool, Whirlpool, Sauna, BBQ Area, Tennis Court, Putting Green, Children’s Playground, Community Laundry, Coffee Shop and 24-Hour Security Guard.
  • Many units in this popular condo hotel can be rented out daily and the rental program here makes it easy for owners to take advantage of this opportunity.

News
Waikiki Banyan is attempting to get re-zoned in an effort to allow all owners to run a short-term rental business.


About Waikiki Banyan
The Waikiki Banyan condo is a large, two tower condotel, located at the Diamond Head end of Waikiki off of Kuhio Avenue. There are four rental agencies with an office in the building: Aston Hotels, Koko Resorts, Map Vision and CIMY Hawaii Resorts at The Waikiki Banyan.

Several of these 1 Bedroom / 1 Bath units can be rented on a daily basis, making Waikiki Banyan  ....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.
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Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
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