Hawaii Living

Waikiki Sunset #3203 (Waikiki)

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229 Paoakalani Ave #3203, Honolulu

This property was sold August 11, 2022 for $540,000
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!
Past Activity
  • Aug 11, 2022 Sold for $540,000
  • Jul 20, 2022 In Escrow
  • Jul 15, 2022 Listed at $510,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $1.39
  • Price / Interior Sf: $934
  • HOA Fees Include: AC Central, Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • View: City, Mountain
  • 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
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on November 29, 2022. Information is deemed reliable but not guaranteed.
About Waikiki Sunset
  • Address: 229 Paoakalani Ave, Honolulu, HI 96815.
  • Built in 1979, 38 Floors with 435 Units, 1 & 2BR Floor plans, Pets: OK (verify).
  • Amenities include Heated Pool, Lighted Tennis Court, Sauna, BBQ Area, Convenience Store.
  • Free Beach Ball for the kids when they check in and every room has a Playstation (fee required)!
  • Many, but not all units allow for short-term vacation rentals - learn more here.

News
As per Bill 41 (CO 22-07), all Waikiki Sunset and Waikiki Banyan units are now legal STRs, even the ones that don’t have a NUC.

About Waikiki Sunset
Condotels like the Waikiki Sunset condo have become more and more popular with Hawaii vacationers, due to the kitchen facilities that give them meal independence, much of the same hotel services, but often at a lower price. This attractiveness has made them equally popular with real estate investors because they can possibly produce a good, steady income.

The Waikiki Sunset condo sits on the Diam  ....click here to read more
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 November 29, 2022. Information is deemed reliable but not guaranteed.
  • Address: 229 Paoakalani Ave, Honolulu, HI 96815.
  • Built in 1979, 38 Floors with 435 Units, 1 & 2BR Floor plans, Pets: OK (verify).
  • Amenities include Heated Pool, Lighted Tennis Court, Sauna, BBQ Area, Convenience Store.
  • Free Beach Ball for the kids when they check in and every room has a Playstation (fee required)!
  • Many, but not all units allow for short-term vacation rentals - learn more here.

News
As per Bill 41 (CO 22-07), all Waikiki Sunset and Waikiki Banyan units are now legal STRs, even the ones that don’t have a NUC.

About Waikiki Sunset
Condotels like the Waikiki Sunset condo have become more and more popular with Hawaii vacationers, due to the kitchen facilities that give them meal independence, much of the same hotel services, but often at a lower price. This attractiveness has made them equally popular with real estate investors because they can possibly produce a good, steady income.

The Waikiki Sunset condo sits on the Diam  ....click here to read more
 
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.
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Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
Learn more about Oahu property taxes here.