Hawaii Living

Waikiki Banyan #605 (NUC) (Waikiki)

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Photo 1 of 201 Ohua Ave #605 (NUC), Honolulu

201 Ohua Ave #605 (NUC), Honolulu

Selling or Buying in Waikiki Banyan?
Call/Text George (808) 554-1635 or send a message using the form below.
George Krischke

George Krischke

Principal Broker
Realtor, RB-18610

Mobile: (808) 554-1635

Email: George@HawaiiLiving.com

Description
Best price! Waikiki Banyan #605-2 offers a fantastic opportunity for investors, second-home buyers, or primary residence. This 1-bedroom, 1-bathroom unit comes with a Non-Conforming Use Certificate (NUC, which currently costs less than the Bill 41 TVU license), making it eligible for short-term vacation rentals—perfect for capitalizing on a limited short-term rental market. The unit is priced to sell and, while it needs updating, it offers great potential for customization. The 6th-floor location allows for an in-unit washer/dryer, adding convenience for owners and renters alike. Additionally, the property includes one unassigned parking stall, a valuable feature in this prime Waikiki location. The building is financially solid with recent capital improvements, including re-piping of the sewer lines and modernized elevators. With its prime location steps from Waikiki Beach and all the local amenities, this unit is an excellent choice for those seeking both flexibility and value in a vacation rental building.
Past Activity
  • Nov 14, 2025 Sold for $595,000
  • Oct 05, 2025 Under Contract
  • Sep 25, 2025 Listed at $599,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.71
  • Price / ft²: $1,068
  • 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
  • View: City, Marina/Canal, Mountain, Sunrise
  • Furnished: Full
  • Property Condition: Average
  • Owner Occupancy: 19%
  • Management Company: Hawaiiana
  • Security Features: Security Patrol, Video
  • Amenities: BBQ, Community Laundry, Fire Sprinkler, Patio/Deck, Playground, Pool on Property, Recreation Area, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-25-5-434
  • Tax Assessed Land: $106,600
  • Tax Assessed Improvements: $621,300
  • Tax Assessed Total: $727,900
  • Courtesy: Coldwell Banker Realty / (808) 596-0456
  • MLS: 202521150
About Waikiki Banyan
  • Address: 201 Ohua Ave, Honolulu, HI 96815.
     
  • Built: 1977, 876 Units, 2 37 Floor Towers, 1BR, Pets: OK (verify).
     
  • Amenities: Pool, Whirlpool, Sauna, BBQ Area, Tennis Court, Putting Green, Children’s Playground.
     
  • Short-term Vacation Renting: Allowed.

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.

Waikiki Banyan, a two-tower condot  ..... Read more.

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 08, 2025.Information is deemed reliable but not guaranteed.
Other Waikiki Banyan Listings
$658,000
Waikiki Banyan #T2-908
1 Bd | 1 Ba
533 ft²
$695,000
Waikiki Banyan #1703-T2
1 Bd | 1 Ba
582 ft²
$698,888
Waikiki Banyan #3101 T2 (NUC)
1 Bd | 1 Ba
533 ft²
$720,000
Waikiki Banyan #T1-2405
1 Bd | 1 Ba
533 ft²
Other Condotels
$599,000
Luana Waikiki #606
1 Bd | 1 Ba
676 ft²
$535,000
Island Colony #720
1 Bd | 1 Ba
570 ft²
$659,000
Waikiki Sunset #905
1 Bd | 1 Ba
546 ft²
$599,000
Pacific Monarch #2805
Studio | 1 Ba
356 ft²
$649,000
Tradewinds Plaza #703
Studio | 1 Ba
322 ft²
$539,000
Marine Surf Waikiki #508
Studio | 1 Ba
392 ft²
  • Sold 11/14/25 at $595,000
    (List Price: $599,000)
Description
Best price! Waikiki Banyan #605-2 offers a fantastic opportunity for investors, second-home buyers, or primary residence. This 1-bedroom, 1-bathroom unit comes with a Non-Conforming Use Certificate (NUC, which currently costs less than the Bill 41 TVU license), making it eligible for short-term vacation rentals—perfect for capitalizing on a limited short-term rental market. The unit is priced to sell and, while it needs updating, it offers great potential for customization. The 6th-floor location allows for an in-unit washer/dryer, adding convenience for owners and renters alike. Additionally, the property includes one unassigned parking stall, a valuable feature in this prime Waikiki location. The building is financially solid with recent capital improvements, including re-piping of the sewer lines and modernized elevators. With its prime location steps from Waikiki Beach and all the local amenities, this unit is an excellent choice for those seeking both flexibility and value in a vacation rental building.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 08, 2025.Information is deemed reliable but not guaranteed.
    • Nov 14, 2025 Sold for $595,000
    • Oct 05, 2025 Under Contract
    • Sep 25, 2025 Listed at $599,000
    • Address: 201 Ohua Ave, Honolulu, HI 96815.
       
    • Built: 1977, 876 Units, 2 37 Floor Towers, 1BR, Pets: OK (verify).
       
    • Amenities: Pool, Whirlpool, Sauna, BBQ Area, Tennis Court, Putting Green, Children’s Playground.
       
    • Short-term Vacation Renting: Allowed.

    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.

    Waikiki Banyan, a two-tower condot  ..... Read more.

    Other Waikiki Banyan Listings
    $658,000
    Waikiki Banyan #T2-908
    1 Bd | 1 Ba
    533 ft²
    $695,000
    Waikiki Banyan #1703-T2
    1 Bd | 1 Ba
    582 ft²
    $698,888
    Waikiki Banyan #3101 T2 (NUC)
    1 Bd | 1 Ba
    533 ft²
    $720,000
    Waikiki Banyan #T1-2405
    1 Bd | 1 Ba
    533 ft²
     
    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.