Hawaii Living

Waikiki Banyan #T1-2212 (Waikiki)

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  • Sold 5/31/22 at $568,000
    (List Price: $568,000)
  • Beds: 1
  • Baths: 1
  • Living: 533 sqft
  • Balcony: 48 sqft
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $495 / month
  • Other Monthly Fee: $22 / month ?
  • Association Fees: $617 / month
  • Property Taxes: $143 / month ?
  • Est. Mortgage: $2,798 /mo - adjust loan
  • Time Listed for Sale: 8 days
  • Status: Sold
  • Tenure: Fee Simple
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201 Ohua Ave #T1-2212, Honolulu

This property was sold May 31, 2022 for $568,000
Description
Beautiful Ocean View Waikiki Banyan Unit in Tower 1. The Waikiki Banyan is an iconic condo-hotel that sits a block from Waikiki Beach. This condo has been beautifully remodeled and is a guests favorite. The condo is currently rented out as a vacation rental, but reservations have been blocked off starting June 1st to allow the buyer the opportunity to chose to do as they please. Amenities include a large 1.5 acre park on the 6th floor with BBQ Grills, Swimming Pool and Hot Tubs. The unit has Becker Sandwich Lease which ends in 2035. Currently $52.20 per month but may be purchased outright for approximately $7800. The unit currently has a special assessment in place for $460 per month through Dec. 2022. First scheduled showings available for March 30-31st. Please watch the virtual tour for an accurate representation of the condo.
Past Activity
  • Jun 01, 2022 Sold for $568,000
  • Mar 26, 2022 In Escrow
  • Mar 18, 2022 Listed at $568,000
  • Dec 09, 2019 Withdrawn
  • Jul 29, 2019 Listed at $612,800
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $0.97
  • Price / Interior Sf: $1,066
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Year Remodeled: 2009
  • Zoning: X2 - Apartment Precinct
  • View: Ocean, Sunset
  • Owner Occupancy: 15%
  • Management Company: Hawaiiana
  • Security Features: Security Patrol
  • Amenities: BBQ, Community Laundry, Condo Association Pool, Patio/Deck, Playground, Pool on Property, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-25-5-218
  • Tax Assessed Land: $106,600
  • Tax Assessed Improvements: $383,300
  • Tax Assessed Total: $489,900
  • Courtesy: Equity Hawaii Real Estate, LLC
  • MLS: 202205038
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on November 26, 2022. 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
As per Bill 41 (CO 22-07), all Waikiki Banyan and Waikiki Sunset units are now legal STRs, even the ones that don’t have a NUC.


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, ma  ....click here to read more
Description
Beautiful Ocean View Waikiki Banyan Unit in Tower 1. The Waikiki Banyan is an iconic condo-hotel that sits a block from Waikiki Beach. This condo has been beautifully remodeled and is a guests favorite. The condo is currently rented out as a vacation rental, but reservations have been blocked off starting June 1st to allow the buyer the opportunity to chose to do as they please. Amenities include a large 1.5 acre park on the 6th floor with BBQ Grills, Swimming Pool and Hot Tubs. The unit has Becker Sandwich Lease which ends in 2035. Currently $52.20 per month but may be purchased outright for approximately $7800. The unit currently has a special assessment in place for $460 per month through Dec. 2022. First scheduled showings available for March 30-31st. Please watch the virtual tour for an accurate representation of the condo.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on November 26, 2022. 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
As per Bill 41 (CO 22-07), all Waikiki Banyan and Waikiki Sunset units are now legal STRs, even the ones that don’t have a NUC.


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, ma  ....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.
Learn more about Oahu property taxes here.