Hawaii Living

Waikiki Sunset #3508 (Waikiki)

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229 Paoakalani Ave #3508, Honolulu

This property was sold May 20, 2022 for $663,000
Description
The Waikiki Sunset is a multi-use single tower, 435 unit private condominium in world famous Waikiki, with fire sprinklers. The Sunset was built in 1979 with beautiful golden Waikiki Beach a stroll away. Property amenities and facilities are for the exclusive use and enjoyment of its owners, residents and registered guests. Amenities include a large recreation deck with heated pool, BBQ grills and an artificial grass turf lounge area. Laundry room facilities on all floors, 5 level parking garage, 24 hour security. Amenities consit of Fitness Center as well as a mini mart and meeting room. Close to Honolulu Zoo, International Marketplace, Waikiki Shell, and Kapiolani park as well as many shopping and restaurant options are blocks away. Valid non-conforming Use Certificate on file for short term rental. Sandwich lease has been paid off per Seller.
Past Activity
  • May 20, 2022 Sold for $663,000
  • Apr 07, 2022 In Escrow
  • Apr 04, 2022 Listed at $650,000
  • Dec 31, 2013 Sold for $498,000
  • Nov 06, 2013 In Escrow
  • Aug 08, 2013 Listed at $519,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $1.39
  • Price / Interior Sf: $1,217
  • HOA Fees Include: AC Central, Electricity, Hot Water, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Diamond Head, Mountain, Ocean, Sunset
  • Owner Occupancy: 4%
  • Management Company: Hawaiiana
  • Security Features: Card, Keyed Elevator, Security Patrol, Video
  • Amenities: BBQ, Community Association Pool, Community Laundry, Exercise Room, Fire Sprinkler, Heated Pool, Meeting Room, Patio/Deck, Playground, Pool on Property, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute
  • TMK: 1-2-6-28-11-394
  • Tax Assessed Land: $77,300
  • Tax Assessed Improvements: $419,100
  • Tax Assessed Total: $496,400
  • Courtesy: Savio Realty Ltd.
  • MLS: 202206357
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
The Waikiki Sunset is a multi-use single tower, 435 unit private condominium in world famous Waikiki, with fire sprinklers. The Sunset was built in 1979 with beautiful golden Waikiki Beach a stroll away. Property amenities and facilities are for the exclusive use and enjoyment of its owners, residents and registered guests. Amenities include a large recreation deck with heated pool, BBQ grills and an artificial grass turf lounge area. Laundry room facilities on all floors, 5 level parking garage, 24 hour security. Amenities consit of Fitness Center as well as a mini mart and meeting room. Close to Honolulu Zoo, International Marketplace, Waikiki Shell, and Kapiolani park as well as many shopping and restaurant options are blocks away. Valid non-conforming Use Certificate on file for short term rental. Sandwich lease has been paid off per Seller.
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.
We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
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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.