Hawaii Living

Waikiki Sunset #2712 (Waikiki)

229 Paoakalani Ave #2712, 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
Nothing was spared in this one-of-a-kind remodel - a legal short-term vacation rental - which comes with 1 parking stall. Extremely high occupancy and outstanding cash flow (phenomenal Cap Rate). Sold fully furnished.
Past Activity
  • Mar 08, 2024 Sold for $855,000
  • Feb 07, 2024 In Escrow
  • Feb 07, 2024 Price $855,000
  • Feb 04, 2024 Price $829,000
  • Feb 02, 2024 Listed at $879,000
  • Nov 29, 2022 Withdrawn / Canceled
  • Nov 27, 2022 Price $875,000
  • Oct 25, 2022 Listed at $849,000
  • Apr 29, 2022 Sold for $555,000
  • Mar 29, 2022 In Escrow
  • Feb 09, 2022 Price $565,000
  • Nov 01, 2021 Price $599,000
  • Sep 20, 2021 Price $625,000
  • Sep 07, 2021 Listed at $675,000
  • Jan 05, 2021 Sold for $420,000
  • Dec 15, 2020 In Escrow
  • Oct 21, 2020 Price $450,000
  • Oct 12, 2020 Price $475,000
  • Sep 07, 2020 Price $525,000
  • Aug 17, 2020 Price $550,000
  • Aug 06, 2020 Listed at $600,000
  • Apr 09, 2019 Sold for $650,000
  • Mar 21, 2019 In Escrow
  • Feb 14, 2019 Listed at $688,000
  • Apr 19, 2016 Withdrawn / Canceled
  • Jan 21, 2016 Listed at $550,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.52
  • Price / ft²: $1,601
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: AC Central, Electricity, Sewer, Water
  • Year Remodeled: 2022
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • View: City, Coastline, Diamond Head, Ocean
  • Furnished: Full
  • Property Condition: Excellent
  • Owner Occupancy: 5%
  • Management Company: Hawaiiana
  • Security Features: Card, Video
  • Amenities: BBQ, Condo Association Pool, Exercise Room, Security Guard, Trash Chute
  • TMK: 1-2-6-28-11-286
  • Tax Assessed Land: $81,600
  • Tax Assessed Improvements: $553,300
  • Tax Assessed Total: $634,900
  • Courtesy: Hawaii Living LLC / (808) 943-9000
  • MLS: 202402922
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 27, 2024. Information is deemed reliable but not guaranteed.
  • Sold 3/8/24 at $855,000
    (List Price: $855,000)
Description
Nothing was spared in this one-of-a-kind remodel - a legal short-term vacation rental - which comes with 1 parking stall. Extremely high occupancy and outstanding cash flow (phenomenal Cap Rate). Sold fully furnished.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 27, 2024. Information is deemed reliable but not guaranteed.
    • Mar 08, 2024 Sold for $855,000
    • Feb 07, 2024 In Escrow
    • Feb 07, 2024 Price $855,000
    • Feb 04, 2024 Price $829,000
    • Feb 02, 2024 Listed at $879,000
    • Nov 29, 2022 Withdrawn / Canceled
    • Nov 27, 2022 Price $875,000
    • Oct 25, 2022 Listed at $849,000
    • Apr 29, 2022 Sold for $555,000
    • Mar 29, 2022 In Escrow
    • Feb 09, 2022 Price $565,000
    • Nov 01, 2021 Price $599,000
    • Sep 20, 2021 Price $625,000
    • Sep 07, 2021 Listed at $675,000
    • Jan 05, 2021 Sold for $420,000
    • Dec 15, 2020 In Escrow
    • Oct 21, 2020 Price $450,000
    • Oct 12, 2020 Price $475,000
    • Sep 07, 2020 Price $525,000
    • Aug 17, 2020 Price $550,000
    • Aug 06, 2020 Listed at $600,000
    • Apr 09, 2019 Sold for $650,000
    • Mar 21, 2019 In Escrow
    • Feb 14, 2019 Listed at $688,000
    • Apr 19, 2016 Withdrawn / Canceled
    • Jan 21, 2016 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.