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Waikiki Banyan #1714-Makai (Waikiki)

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Waikiki Banyan #1714-Makai (Waikiki)

201 Ohua Ave #1714-Makai, Honolulu
This property was sold May 08, 2019 for $602,500
Description
Large choice corner-end 1-bedroom with impressive ocean view in Tower I. This unit comes with a "Non-confirming Use Certificate" NUC which allows for legal short-term vacation renting. This floor plan has a separate kitchen with an ocean view window. Fully furnished, turn-key, currently managed by Aqua Resorts and booked most of the time. $21.92/mo is the Becker Sandwich Lease (renegotiates 2020, expires 2035) and could be purchased at $10K.
Past Activity
  • May 08, 2019 Sold @ $602K
  • Apr 17, 2019 In Escrow
  • Mar 30, 2019 Listed @ $620K
More Details
  • HOA Fees / Interior Sf: $0.85
  • Price / Interior Sf: $1,044
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Internet Service, Sewer, Water
  • Owner, Tax & Resale History: Click here
  • MLS: 201908490
  • View: Coastline, Ocean
  • Owner Occupancy: 21%
  • Management Company: Hawaiiana Mgmt
  • Security Features: Security Patrol, Video
  • Amenities: BBQ, Community Laundry, Patio/Deck, Pool, Putting Green, Recreation Area, Security Guard, Tennis Court, Trash Chute, Whirlpool
  • TMK: 1-2-6-25-5-150
  • Tax Assessed Land: $71,100
  • Tax Assessed Improvements: $439,800
  • Tax Assessed Total: $510,900
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The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 21, 2020. Information is deemed reliable but not guaranteed.
#1714-Makai - listing courtesy Hawaii Living LLC.

Sold 5/8/19 at

$602,500

(List Price: $620,000)

Living

594 sqft

Baths

1

Beds

1

 
 
    Description
    Large choice corner-end 1-bedroom with impressive ocean view in Tower I. This unit comes with a "Non-confirming Use Certificate" NUC which allows for legal short-term vacation renting. This floor plan has a separate kitchen with an ocean view window. Fully furnished, turn-key, currently managed by Aqua Resorts and booked most of the time. $21.92/mo is the Becker Sandwich Lease (renegotiates 2020, expires 2035) and could be purchased at $10K.
    • May 08, 2019 Sold @ $602K
    • Apr 17, 2019 In Escrow
    • Mar 30, 2019 Listed @ $620K
    • 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.
    • The units in this popular condominium hotel can be rented out daily and the rental program here makes it easy for owners to take advantage of this opportunity.

    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 a great investment opportunity. For resident and renter convenience, front desk staff and a security guard are on duty a  ....click here to read more
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 21, 2020. Information is deemed reliable but not guaranteed.
    #1714-Makai - listing courtesy Hawaii Living LLC.
    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 more about Oahu property taxes here.