Hawaii Living

Waikiki Sunset #1402 (Waikiki)

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Photo 1 of 229 Paoakalani Ave #1402, Honolulu

229 Paoakalani Ave #1402, Honolulu

Selling or Buying in Waikiki Sunset?
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
Just on the outskirts of Kapiolani Park and Diamond Head and sandwiched in-between the Alawai Canal and the gorgeous Pacific Ocean sits a landmark in Waikiki known as the Waikiki Sunset. Have you been looking for a fantastic property close to the beach that you can come visit as often as you like but still rent out short term? This unit has the invaluable Short Term Vacation Rental certificate making it legal to do nightly rentals all the way up to year long leases and everything in-between. You can manage it yourself or use a property management company. This unit has ocean views. Just a short walk to Waikikis bathtub warm waters and powdered sugar sands. Watch the sunset singe the horizon, float in crystal blue ocean waters, surf, or enjoy the Honolulu Zoo or the gorgeous Kapiolani Park. There are a plethora of fine dining and pubs nearby. The purple couch has been replaced. Updated photos to follow on the 17th of April.
Past Activity
  • Jun 06, 2023 Sold for $645,000
  • Apr 30, 2023 Under Contract
  • Apr 06, 2023 Listed at $645,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.45
  • Price / ft²: $1,208
  • 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: 2016
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone X
  • View: City, Diamond Head, Ocean
  • Furnished: Full
  • Property Condition: Excellent
  • Owner Occupancy: 5%
  • Management Company: Hawaiiana
  • Security Features: Card, Key, Security Patrol, Video
  • Amenities: BBQ, Community Laundry, Condo Association Pool, Exercise Room, Heated Pool, Meeting Room, Patio/Deck, Playground, Pool on Property, Recreation Area, Recreation Room, Resident Manager, Security Guard, Trash Chute
  • TMK: 1-2-6-28-11-94
  • Tax Assessed Land: $78,400
  • Tax Assessed Improvements: $418,900
  • Tax Assessed Total: $497,300
  • Courtesy: Hawaii Homes International / (808) 949-0020
  • MLS: 202308527
About Waikiki Sunset
  • Address: 229 Paoakalani Ave, Honolulu, HI 96815.
     
  • Built: 1979, 38 Floors, 435 Units, 1 & 2BR, Pets: OK (verify).
     
  • Amenities: Pool, Gym, Sauna, BBQ.
     
  • Short-term Vacation Renting: Allowed.

Note: A special assessment of $253/mo to $295/mo for the 1-bedroom units and $582 to $660/mo for the 2-bedroom units ends in December 2028, or it can be paid off in full before then. This is for the 2025 completed AC fan coil replacement project.

Per Bill 41 (CO 22-07), all Waikiki Sunset units are allowed to do short-term renting, including unit  ..... Read more.

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 05, 2025.Information is deemed reliable but not guaranteed.
Other Waikiki Sunset Listings
$648,000
Waikiki Sunset #1811
1 Bd | 1 Ba
546 ft²
$649,000
Waikiki Sunset #1405(NUC)
1 Bd | 1 Ba
546 ft²
$650,000
Waikiki Sunset #3301 (NUC)
1 Bd | 1 Ba
546 ft²
$640,000
Waikiki Sunset #3705 (NUC)
1 Bd | 1 Ba
546 ft²
Other Condotels
$619,000
Island Colony #2620
1 Bd | 1 Ba
570 ft²
$599,000
Luana Waikiki #606
1 Bd | 1 Ba
676 ft²
$575,000
Ilikai Marina #1499
1 Bd | 1 Ba
742 ft²
Featured
$735,000
$649,000
Tradewinds Plaza #703
Studio | 1 Ba
322 ft²
$500,000
Waikiki Grand Hotel #518
Studio | 1 Ba
363 ft²
  • Sold 6/2/23 at $645,000
    (List Price: $645,000)
Description
Just on the outskirts of Kapiolani Park and Diamond Head and sandwiched in-between the Alawai Canal and the gorgeous Pacific Ocean sits a landmark in Waikiki known as the Waikiki Sunset. Have you been looking for a fantastic property close to the beach that you can come visit as often as you like but still rent out short term? This unit has the invaluable Short Term Vacation Rental certificate making it legal to do nightly rentals all the way up to year long leases and everything in-between. You can manage it yourself or use a property management company. This unit has ocean views. Just a short walk to Waikikis bathtub warm waters and powdered sugar sands. Watch the sunset singe the horizon, float in crystal blue ocean waters, surf, or enjoy the Honolulu Zoo or the gorgeous Kapiolani Park. There are a plethora of fine dining and pubs nearby. The purple couch has been replaced. Updated photos to follow on the 17th of April.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 05, 2025.Information is deemed reliable but not guaranteed.
    • Jun 06, 2023 Sold for $645,000
    • Apr 30, 2023 Under Contract
    • Apr 06, 2023 Listed at $645,000
    • Address: 229 Paoakalani Ave, Honolulu, HI 96815.
       
    • Built: 1979, 38 Floors, 435 Units, 1 & 2BR, Pets: OK (verify).
       
    • Amenities: Pool, Gym, Sauna, BBQ.
       
    • Short-term Vacation Renting: Allowed.

    Note: A special assessment of $253/mo to $295/mo for the 1-bedroom units and $582 to $660/mo for the 2-bedroom units ends in December 2028, or it can be paid off in full before then. This is for the 2025 completed AC fan coil replacement project.

    Per Bill 41 (CO 22-07), all Waikiki Sunset units are allowed to do short-term renting, including unit  ..... Read more.

    Other Waikiki Sunset Listings
    $648,000
    Waikiki Sunset #1811
    1 Bd | 1 Ba
    546 ft²
    $649,000
    Waikiki Sunset #1405(NUC)
    1 Bd | 1 Ba
    546 ft²
    $650,000
    Waikiki Sunset #3301 (NUC)
    1 Bd | 1 Ba
    546 ft²
    $640,000
    Waikiki Sunset #3705 (NUC)
    1 Bd | 1 Ba
    546 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.
    Learn about property tax rates.