Hawaii Living

Waikiki Sunset #3203 (Waikiki)

229 Paoakalani Ave #3203, 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
Incredible value for a LEGAL VACATION RENTAL at Waikiki Sunset priced below the market! Hight-floor unit with incredible mountain and city views! Unit does have a Non-Conforming Use Certificate (NCU) to allow daily vacation rentals as an investor, a 2nd home in the island or the perfect property for an owner-occupant! This beautiful and spacious 1 bedroom, 1 bath unit is FULLY furnished and also includes popcorn ceiling removal, sprinklers, a private open lanai, full kitchen, and 1 unassigned parking stall. Come home to this secure high rise building in the heart of Waikiki - surrounded by world-class beaches, shopping, eateries, schools, parks and all of the conveniences of Waikiki living! Monthly maintenance fee includes: electricity, water, hot water, cable TV, central air, internet, sewer and common area expenses! Drainage assessment fee was completed in May of 2022, so no current assessment is in place!
Past Activity
  • Aug 11, 2022 Sold for $540,000
  • Jul 20, 2022 In Escrow
  • Jul 15, 2022 Listed at $510,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.39
  • Price / ft²: $989
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: AC Central, Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • View: City, Mountain
  • Furnished: Full
  • Property Condition: Above Average
  • Owner Occupancy: 19%
  • Management Company: Hawaiiana
  • Security Features: Security Patrol, Video
  • Amenities: BBQ, Community Laundry, Exercise Room, Fire Sprinkler, Patio/Deck, Pool on Property, Recreation Area, Recreation Room, Resident Manager, Sauna, Security Guard, Tennis Court, Trash Chute
  • TMK: 1-2-6-28-11-347
  • Tax Assessed Land: $424,500
  • Tax Assessed Improvements: $79,100
  • Tax Assessed Total: $503,600
  • Courtesy: Marcus Realty
  • MLS: 202213593
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 18, 2024. Information is deemed reliable but not guaranteed.
  • Sold 8/11/22 at $540,000
    (List Price: $510,000)
Description
Incredible value for a LEGAL VACATION RENTAL at Waikiki Sunset priced below the market! Hight-floor unit with incredible mountain and city views! Unit does have a Non-Conforming Use Certificate (NCU) to allow daily vacation rentals as an investor, a 2nd home in the island or the perfect property for an owner-occupant! This beautiful and spacious 1 bedroom, 1 bath unit is FULLY furnished and also includes popcorn ceiling removal, sprinklers, a private open lanai, full kitchen, and 1 unassigned parking stall. Come home to this secure high rise building in the heart of Waikiki - surrounded by world-class beaches, shopping, eateries, schools, parks and all of the conveniences of Waikiki living! Monthly maintenance fee includes: electricity, water, hot water, cable TV, central air, internet, sewer and common area expenses! Drainage assessment fee was completed in May of 2022, so no current assessment is in place!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 18, 2024. Information is deemed reliable but not guaranteed.
    • Aug 11, 2022 Sold for $540,000
    • Jul 20, 2022 In Escrow
    • Jul 15, 2022 Listed at $510,000
    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.