Hawaii Living

Waikiki Banyan #2003 (Waikiki)

201 Ohua Ave #2003, Honolulu

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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
If you're looking for a place to own in Waikiki, you might want to check out this vacation rental unit in the Waikiki Banyan. It's a legal short-term rental, and it's been recently renovated (in 2020). The unit has two full-size beds, a sofa, a refrigerator, a slide-in range, and a range microwave and one parking. It's located just one block from the beach, and there are plenty of shops and restaurants nearby. The only thing to keep in mind is that there's a special Sandwhich lease on the property that lasts until 2035, (just $52.20 per month). Overall, it's a great opportunity to own a piece of paradise in Hawaii!This is Fee simple unit with Becker sandwich lease which will expire in 2035 (Lease Rent: $52.20/month) (Waikiki Banyan owners may currently rent short-term)(Buyers are advise to due diligence).
Past Activity
  • Mar 13, 2024 Sold for $755,000
  • Feb 13, 2024 In Escrow
  • Jan 22, 2024 Listed at $770,000
  • Nov 18, 2022 Sold for $658,000
  • Oct 06, 2022 In Escrow
  • Oct 03, 2022 Listed at $658,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.31
  • Price / ft²: $1,282
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Internet Service, Sewer, Water
  • Year Remodeled: 2020
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • View: Diamond Head
  • Furnished: Full
  • Property Condition: Excellent
  • Owner Occupancy: 9%
  • Management Company: Hawaiiana
  • Amenities: BBQ, Community Association Pool, Community Laundry, Fire Sprinkler, Playground, Pool on Property, Resident Manager, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-25-5-181
  • Tax Assessed Land: $109,000
  • Tax Assessed Improvements: $441,400
  • Tax Assessed Total: $550,400
  • Courtesy: Agora Hawaii / (808) 800-4152
  • MLS: 202401237
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 April 20, 2024. Information is deemed reliable but not guaranteed.
  • Sold 3/13/24 at $755,000
    (List Price: $770,000)
Description
If you're looking for a place to own in Waikiki, you might want to check out this vacation rental unit in the Waikiki Banyan. It's a legal short-term rental, and it's been recently renovated (in 2020). The unit has two full-size beds, a sofa, a refrigerator, a slide-in range, and a range microwave and one parking. It's located just one block from the beach, and there are plenty of shops and restaurants nearby. The only thing to keep in mind is that there's a special Sandwhich lease on the property that lasts until 2035, (just $52.20 per month). Overall, it's a great opportunity to own a piece of paradise in Hawaii!This is Fee simple unit with Becker sandwich lease which will expire in 2035 (Lease Rent: $52.20/month) (Waikiki Banyan owners may currently rent short-term)(Buyers are advise to due diligence).
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 20, 2024. Information is deemed reliable but not guaranteed.
    • Mar 13, 2024 Sold for $755,000
    • Feb 13, 2024 In Escrow
    • Jan 22, 2024 Listed at $770,000
    • Nov 18, 2022 Sold for $658,000
    • Oct 06, 2022 In Escrow
    • Oct 03, 2022 Listed at $658,000
    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.
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    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.