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Waikiki Banyan #Makai 1906 (NUC) (Waikiki)

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201 Ohua Ave #Makai 1906 (NUC), Honolulu

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Call/Text George (808) 554-1635 or use contact form.
Waikiki has unique short-term rental rules. We are local real estate agents who know the local market and its regulations very well. Contact us when you are considering purchasing to get the best advice possible.
Description
For Investors only! Owner is selling the FEE ONLY, not the leasehold portion. It is a fee simple property with a lease that expires on 11/30/2035. Current lease rent is $332.29 per month. This Waikiki Banyan leased fee has a NUC (non-conforming use certificate) to allow for short term vacation rentals so when the lease expires and it turns fee simple the value will go way up. Lessee (leasehold owner) is responsible to pay association fees, real property tax and maintenance of the unit. This property is a 1 bedroom 1 bath 1 parking unit with 582 sqft of living and a 67 sqft lanai. Information advertised is based on tax records and cannot be verified. No showings allowed. Please do not contact the Lessee directly.
Recent Activity
  • Mar 07, 2023 Listed at $500,000
Sold
  • #T2-3004: 1 Bd | 1 Ba @ $678K (12/5/22)
  • #1803-II: 1 Bd | 1 Ba @ $645K (11/30/22)
  • #2614: 1 Bd | 1 Ba @ $695K (11/28/22)
  • #1110: 1 Bd | 1 Ba @ $625K (11/21/22)
  • #2003: 1 Bd | 1 Ba @ $658K (11/18/22)
  • #2909: 1 Bd | 1 Ba @ $650K (10/31/22)
  • #2203: 1 Bd | 1 Ba @ $620K (10/26/22)
  • #1404-I: 1 Bd | 1 Ba @ $645K (10/26/22)
  • #3309: 1 Bd | 1 Ba @ $655K (10/21/22)
  • #3803 T2: 1 Bd | 1 Ba @ $656K (10/17/22)
  • #T2-811: 1 Bd | 1 Ba @ $600K (10/14/22)
  • #1-1206: 1 Bd | 1 Ba @ $622K (10/3/22)
  • #2206: 1 Bd | 1 Ba @ $629K (9/23/22)
  • #T2-1707 (Mauka): 1 Bd | 1 Ba @ $565K (9/21/22)
  • #707 Mauka: 1 Bd | 1 Ba @ $579K (9/16/22)
  • #2-1705: 1 Bd | 1 Ba @ $595K (9/6/22)
  • #3507-I: 1 Bd | 1 Ba @ $700K (9/1/22)
  • #2705-T1 (NUC): 1 Bd | 1 Ba @ $675K (8/24/22)
  • #1612-I: 1 Bd | 1 Ba @ $572K (8/23/22)
  • #T2-1109: 1 Bd | 1 Ba @ $565K (8/22/22)
  • #3211: 1 Bd | 1 Ba @ $625K (8/10/22)
  • #3708-II: 1 Bd | 1 Ba @ $230K (8/8/22)
  • #T1-1013: 1 Bd | 1 Ba @ $585K (8/8/22)
  • #T1-3112: 1 Bd | 1 Ba @ $650K (8/8/22)
  • #3807 T2: 1 Bd | 1 Ba @ $629K (7/22/22)
  • #T-1 713 (Makai): 1 Bd | 1 Ba @ $188K (7/18/22)
  • #2312: 1 Bd | 1 Ba @ $560K (7/18/22)
  • #1005: 1 Bd | 1 Ba @ $537K (7/15/22)
  • #3701: 1 Bd | 1 Ba @ $642K (7/12/22)
  • #T1/3406: 1 Bd | 1 Ba @ $700K (7/11/22)
  • #2213-II: 1 Bd | 1 Ba @ $631K (7/11/22)
  • #1603-1 (NUC): 1 Bd | 1 Ba @ $605K (7/7/22)
  • #2106-I: 1 Bd | 1 Ba @ $580K (7/7/22)
  • #3213: 1 Bd | 1 Ba @ $630K (6/29/22)
  • #807-1: 1 Bd | 1 Ba @ $550K (6/24/22)
  • #2407-Twr1: 1 Bd | 1 Ba @ $615K (6/24/22)
  • #I-3207: 1 Bd | 1 Ba @ $670K (6/23/22)
  • #1-3708: 1 Bd | 1 Ba @ $690K (6/23/22)
  • #T1-3404: 1 Bd | 1 Ba @ $620K (6/17/22)
  • #708-T2: 1 Bd | 1 Ba @ $515K (6/17/22)
Blog
More Details
  • Owner, Tax & Resale History: Click here
  • Zoning: AM - Apartment Mixed Use
  • Owner Occupancy: 9%
  • Management Company: Hawaiiana
  • TMK: 1-2-6-25-5-170
  • Tax Assessed Land: $109,000
  • Tax Assessed Improvements: $547,600
  • Tax Assessed Total: $656,600
  • Courtesy: Compass / (808) 825-4277
  • MLS: 202303655
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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 March 25, 2023. Information is deemed reliable but not guaranteed.
Other Waikiki Banyan Listings
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Leasehold
$242,000
Waikiki Banyan #3614-T1
1 Bd | 1 Ba
594 ft²
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Leasehold
$220,000
Waikiki Banyan #I-2113(NUC)
1 Bd | 1 Ba
594 ft²
Other Condotels
  • Asking Price: $500,000
Description
For Investors only! Owner is selling the FEE ONLY, not the leasehold portion. It is a fee simple property with a lease that expires on 11/30/2035. Current lease rent is $332.29 per month. This Waikiki Banyan leased fee has a NUC (non-conforming use certificate) to allow for short term vacation rentals so when the lease expires and it turns fee simple the value will go way up. Lessee (leasehold owner) is responsible to pay association fees, real property tax and maintenance of the unit. This property is a 1 bedroom 1 bath 1 parking unit with 582 sqft of living and a 67 sqft lanai. Information advertised is based on tax records and cannot be verified. No showings allowed. Please do not contact the Lessee directly.
Waikiki has unique short-term rental rules. We are local real estate agents who know the local market and its regulations very well. Contact us when you are considering purchasing to get the best advice possible.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on March 25, 2023. Information is deemed reliable but not guaranteed.
    • Mar 07, 2023 Listed at $500,000
    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
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
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    Leasehold
    $242,000
    Waikiki Banyan #3614-T1
    1 Bd | 1 Ba
    594 ft²
    • Photo
    • Photo
    • Photo
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    • Photo
    • Photo
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    Leasehold
    $220,000
    Waikiki Banyan #I-2113(NUC)
    1 Bd | 1 Ba
    594 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.
    Leasehold Expiry: 11/30/35
    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.