Hawaii Living

Waikiki Sunset #1202 (Waikiki)

229 Paoakalani Ave #1202, 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
FULLY FURNISHED, RECENTLY RENOVATED, and HOLDS A VALID NUC! #1202 features 1 bedroom, 1 bathroom, 1 covered parking stall, lanai, central ac, and fire sprinklers. This corner unit is turn key and faces the oceanside of the building, offering beautiful views of the ocean and Diamond Head. Renovations were conducted by the association in 2019: popcorn ceiling was removed, new paint, new carpet, and couch replacement. Excellent location with short walking distance to the beach, Kapiolani Park, aquarium, zoo, bus lines, shopping, and restaurants. Amenities include a pool, gym, large BBQ area, recreational area, hospitality lounge, conference room, mini mart, and 24 hour security. Owners & investors will appreciate the valid golden ticket, the Non-Conforming Use Certificate (NUC), which allows for legal daily short term rental income. Immediately maximize short term vacation rental sites like Airbnb or utilize the Aston Hotel Rental Program! Maintenance fee conveniently covers electricity, central ac, water, sewer, hot water, and basic cable. The building is also pet friendly upon board approval. #1202 is currently rented out on Airbnb, showings will be subject upon occupancy.
Past Activity
  • Jun 30, 2023 Sold for $625,000
  • May 17, 2023 In Escrow
  • May 08, 2023 Price $639,000
  • Apr 10, 2023 Back to Active
  • Mar 07, 2023 Temp. Withdrawn / Hold
  • Jan 28, 2023 Listed at $659,000
  • Nov 13, 2019 Sold for $515,000
  • Sep 12, 2019 In Escrow
  • Sep 12, 2019 Listed at $550,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.45
  • Price / ft²: $1,170
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: AC Central, Cable TV, Electricity, Hot Water, Other Common Expenses, Sewer, Water
  • Year Remodeled: 2019
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • View: City, Diamond Head, Ocean
  • Furnished: Full
  • Property Condition: Excellent,Above Average
  • Owner Occupancy: 5%
  • Management Company: Hawaiiana
  • Security Features: Card, Key, Security Patrol, Video
  • Amenities: BBQ, Community Laundry, Condo Association Pool, Exercise Room, Fire Sprinkler, Meeting Room, Patio/Deck, Recreation Room, Resident Manager, Security Guard, Trash Chute
  • TMK: 1-2-6-28-11-80
  • Tax Assessed Land: $78,400
  • Tax Assessed Improvements: $418,900
  • Tax Assessed Total: $497,300
  • Courtesy: SC Realty, LLC / (808) 591-6277
  • MLS: 202301541
Good to Know
Profile

Per Bill 41 (CO 22-07), all Waikiki Sunset units are allowed to do short-term renting, including units without a NUC (owners must register their unit for short-term renting - see here).


About Waikiki Sunset
Most units are 1 bedroom with the bedroom having a door and wa  .....
Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 17, 2024. Information is deemed reliable but not guaranteed.
  • Sold 6/30/23 at $625,000
    (List Price: $639,000)
Description
FULLY FURNISHED, RECENTLY RENOVATED, and HOLDS A VALID NUC! #1202 features 1 bedroom, 1 bathroom, 1 covered parking stall, lanai, central ac, and fire sprinklers. This corner unit is turn key and faces the oceanside of the building, offering beautiful views of the ocean and Diamond Head. Renovations were conducted by the association in 2019: popcorn ceiling was removed, new paint, new carpet, and couch replacement. Excellent location with short walking distance to the beach, Kapiolani Park, aquarium, zoo, bus lines, shopping, and restaurants. Amenities include a pool, gym, large BBQ area, recreational area, hospitality lounge, conference room, mini mart, and 24 hour security. Owners & investors will appreciate the valid golden ticket, the Non-Conforming Use Certificate (NUC), which allows for legal daily short term rental income. Immediately maximize short term vacation rental sites like Airbnb or utilize the Aston Hotel Rental Program! Maintenance fee conveniently covers electricity, central ac, water, sewer, hot water, and basic cable. The building is also pet friendly upon board approval. #1202 is currently rented out on Airbnb, showings will be subject upon occupancy.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 17, 2024. Information is deemed reliable but not guaranteed.
    • Jun 30, 2023 Sold for $625,000
    • May 17, 2023 In Escrow
    • May 08, 2023 Price $639,000
    • Apr 10, 2023 Back to Active
    • Mar 07, 2023 Temp. Withdrawn / Hold
    • Jan 28, 2023 Listed at $659,000
    • Nov 13, 2019 Sold for $515,000
    • Sep 12, 2019 In Escrow
    • Sep 12, 2019 Listed at $550,000
    Profile

    Per Bill 41 (CO 22-07), all Waikiki Sunset units are allowed to do short-term renting, including units without a NUC (owners must register their unit for short-term renting - see here).


    About Waikiki Sunset
    Most units are 1 bedroom with the bedroom having a door and wa  .....
    Read more.
    Other Waikiki Sunset 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.
    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 about property tax rates.