Hawaii Living

Waikiki Sunset #1508 (Waikiki)

229 Paoakalani Ave #1508, 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
NEW PRICE REDUCTION!! ** SHORT TERM RENTALS ALLOWED. Desirable Ocean view unit with a NONCONFORMING USE CERTIFICATE. Remodeled island-style 1 bdrm, 1 bath unit w/ 1 unassigned covered parking in the Waikiki Sunset bldg. Currently managed as a short term rental w/ transferrable future bookings. Currently already 90%+ booked this summer. Ideal property for short term rental investors -or- frequent vacationers to enjoy while visiting & renting out the unit when not in use. Fully furnished & turn key. Sleeps 5, spacious lanai, full kitchen, 24hr security, pool, tennis courts, bbq grill area, sauna, rec area, coin laundry on each floor, etc. Pet friendly. Electric, central A/C, cable & internet included. Ideal location…Enjoy Waikiki beaches, restaurants & shops!
Past Activity
  • Aug 06, 2019 Sold for $569,000
  • Jul 08, 2019 In Escrow
  • Jul 02, 2019 Price $574,000
  • Jun 15, 2019 Listed at $579,000
  • May 19, 2016 Sold for $380,000
  • Apr 14, 2016 In Escrow
  • Mar 17, 2016 Price $399,000
  • Jan 20, 2016 Listed at $435,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.26
  • Price / ft²: $1,066
  • 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 AE
  • View: City, Coastline, Diamond Head, Mountain, Ocean
  • Furnished: Full
  • Property Condition: Excellent
  • Owner Occupancy: 19%
  • Management Company: Hawaiiana
  • Security Features: Key
  • Amenities: BBQ, Community Laundry, Meeting Room, Pool on Property, Recreation Area, Resident Manager, Sauna, Security Guard, Tennis Court, Trash Chute
  • TMK: 1-2-6-28-11-114
  • Tax Assessed Land: $79,000
  • Tax Assessed Improvements: $437,700
  • Tax Assessed Total: $516,700
  • Courtesy: Locations LLC
  • MLS: 201917515
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 19, 2024. Information is deemed reliable but not guaranteed.
  • Sold 8/6/19 at $569,000
    (List Price: $574,000)
Description
NEW PRICE REDUCTION!! ** SHORT TERM RENTALS ALLOWED. Desirable Ocean view unit with a NONCONFORMING USE CERTIFICATE. Remodeled island-style 1 bdrm, 1 bath unit w/ 1 unassigned covered parking in the Waikiki Sunset bldg. Currently managed as a short term rental w/ transferrable future bookings. Currently already 90%+ booked this summer. Ideal property for short term rental investors -or- frequent vacationers to enjoy while visiting & renting out the unit when not in use. Fully furnished & turn key. Sleeps 5, spacious lanai, full kitchen, 24hr security, pool, tennis courts, bbq grill area, sauna, rec area, coin laundry on each floor, etc. Pet friendly. Electric, central A/C, cable & internet included. Ideal location…Enjoy Waikiki beaches, restaurants & shops!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 19, 2024. Information is deemed reliable but not guaranteed.
    • Aug 06, 2019 Sold for $569,000
    • Jul 08, 2019 In Escrow
    • Jul 02, 2019 Price $574,000
    • Jun 15, 2019 Listed at $579,000
    • May 19, 2016 Sold for $380,000
    • Apr 14, 2016 In Escrow
    • Mar 17, 2016 Price $399,000
    • Jan 20, 2016 Listed at $435,000
    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.