Hawaii Living

Waikiki Sunset #2008(NUC) (Waikiki)

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Photo 1 of 229 Paoakalani Ave #2008(NUC), Honolulu

229 Paoakalani Ave #2008(NUC), 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
SELLER TO PAY OFF THE REMAINING BALANCE OF SPECIAL ASSESSMENT AT CLOSING! Fully furnished 1-bedroom, 1-bath condo in the heart of Waikiki with an unassigned covered parking stall. Enjoy panoramic views of the ocean and Diamond Head, and the city from your private lanai. This move-in-ready unit has been recently updated with new flooring, upgraded furnishings, and a brand-new AC fan coil system installed by the AOAO in October 2024. Features include granite countertops, essential appliances, and a fully equipped kitchen. Currently managed by Midway Vacations, the property is actively generating rental income and includes a legal NUC permit, making it short-term rental ready (Airbnb-friendly). Building amenities include a swimming pool, BBQ area, recreation deck, community laundry, 24-hour security, and an on-site minimart.
Past Activity
  • Nov 22, 2025 Sold for $630,000
  • Oct 21, 2025 Under Contract
  • Oct 20, 2025 Listed at $635,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $2.25
  • Price / ft²: $1,180
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: AC Central, Cable TV, Electricity, Hot Water, Sewer, Water
  • Year Remodeled: 2025
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Diamond Head, Ocean, Sunset
  • Furnished: Full
  • Property Condition: Excellent,Above Average
  • Owner Occupancy: 5%
  • Management Company: Hawaiiana
  • Amenities: BBQ, Community Association Pool, Exercise Room, Fire Sprinkler, Meeting Room, Patio/Deck, Recreation Area, Resident Manager, Security Guard, Trash Chute
  • TMK: 1-2-6-28-11-184
  • Tax Assessed Land: $77,300
  • Tax Assessed Improvements: $614,300
  • Tax Assessed Total: $691,600
  • Courtesy: Midway Realty LLC / (808) 226-1604
  • MLS: 202518569
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
Featured
$639,000
Waikiki Sunset #1803
1 Bd | 1 Ba
546 ft²
$640,000
Waikiki Sunset #3705 (NUC)
1 Bd | 1 Ba
546 ft²
Featured
$629,000
Waikiki Sunset #807
1 Bd | 1 Ba
546 ft²
$625,000
Waikiki Sunset #1210 (NUC)
1 Bd | 1 Ba
534 ft²
Other Condotels
$619,000
Island Colony #2620
1 Bd | 1 Ba
570 ft²
$658,000
Waikiki Banyan #T2-908
1 Bd | 1 Ba
533 ft²
$599,000
Luana Waikiki #606
1 Bd | 1 Ba
676 ft²
$575,000
Ilikai Marina #1499
1 Bd | 1 Ba
742 ft²
$649,000
Tradewinds Plaza #703
Studio | 1 Ba
322 ft²
$500,000
Waikiki Grand Hotel #518
Studio | 1 Ba
363 ft²
  • Sold 11/21/25 at $630,000
    (List Price: $635,000)
Description
SELLER TO PAY OFF THE REMAINING BALANCE OF SPECIAL ASSESSMENT AT CLOSING! Fully furnished 1-bedroom, 1-bath condo in the heart of Waikiki with an unassigned covered parking stall. Enjoy panoramic views of the ocean and Diamond Head, and the city from your private lanai. This move-in-ready unit has been recently updated with new flooring, upgraded furnishings, and a brand-new AC fan coil system installed by the AOAO in October 2024. Features include granite countertops, essential appliances, and a fully equipped kitchen. Currently managed by Midway Vacations, the property is actively generating rental income and includes a legal NUC permit, making it short-term rental ready (Airbnb-friendly). Building amenities include a swimming pool, BBQ area, recreation deck, community laundry, 24-hour security, and an on-site minimart.
    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.
    • Nov 22, 2025 Sold for $630,000
    • Oct 21, 2025 Under Contract
    • Oct 20, 2025 Listed at $635,000
    • 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
    Featured
    $639,000
    Waikiki Sunset #1803
    1 Bd | 1 Ba
    546 ft²
    $640,000
    Waikiki Sunset #3705 (NUC)
    1 Bd | 1 Ba
    546 ft²
    Featured
    $629,000
    Waikiki Sunset #807
    1 Bd | 1 Ba
    546 ft²
    $625,000
    Waikiki Sunset #1210 (NUC)
    1 Bd | 1 Ba
    534 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.