Hawaii Living

Waikiki Sunset #705 (Waikiki)

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Photo 1 of 229 Paoakalani Ave #705, Honolulu

229 Paoakalani Ave #705, Honolulu

Description
This is LEGAL VACATION RENTAL with a Non-Conforming Use Certificate (NUC). Aqua Aston is managing as a hotel unit. Monthly approximate rental income in past 3 months in 2022 is $2,227. Leasehold expires in April of 2036 and monthly maintenance fees include Cable TV, Central Air, Electricity, Internet, Hot/cold water, Sewer, and common area expenses. The Fee is not available. Asking price dropped by $40,000!
Past Activity
  • Oct 17, 2022 Sold for $150,000
  • Sep 09, 2022 Under Contract
  • Aug 29, 2022 Price $180,000
  • Jul 06, 2022 Back to Active
  • Jun 10, 2022 Under Contract
  • May 31, 2022 Listed at $220,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.39
  • Price / ft²: $275
  • 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
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: City
  • Furnished: Full
  • Property Condition: Average
  • Owner Occupancy: 5%
  • Management Company: Hawaiiana
  • Security Features: Key, Keyed Elevator, Security Patrol
  • Amenities: BBQ, Community Laundry, Condo Association Pool, Exercise Room, Fire Sprinkler, Recreation Area, Recreation Room, Resident Manager, Sauna, Security Guard, Trash Chute
  • TMK: 1-2-6-28-11-13
  • Tax Assessed Land: $79,100
  • Tax Assessed Improvements: $424,500
  • Tax Assessed Total: $503,600
  • Courtesy: Fogarty Realty, Inc. / (808) 227-5165
  • MLS: 202206863
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 January 03, 2026.Information is deemed reliable but not guaranteed.
Other Waikiki Sunset Listings
$595,000
Waikiki Sunset #910(NUC)
1 Bd | 1 Ba
534 ft²
$615,000
Waikiki Sunset #1003 (NUC)
1 Bd | 1 Ba
546 ft²
$619,900
Waikiki Sunset #2901(NUC)
1 Bd | 1 Ba
546 ft²
$621,000
Waikiki Sunset #3003 (NUC)
1 Bd | 1 Ba
546 ft²
Other Condotels
Ala Moana
$238,000
Ala Moana Hotel Condo #3404
Studio | 1 Ba
297 ft²
  • Sold 10/17/22 at $150,000
    (List Price: $180,000)
Description
This is LEGAL VACATION RENTAL with a Non-Conforming Use Certificate (NUC). Aqua Aston is managing as a hotel unit. Monthly approximate rental income in past 3 months in 2022 is $2,227. Leasehold expires in April of 2036 and monthly maintenance fees include Cable TV, Central Air, Electricity, Internet, Hot/cold water, Sewer, and common area expenses. The Fee is not available. Asking price dropped by $40,000!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 03, 2026.Information is deemed reliable but not guaranteed.
    • Oct 17, 2022 Sold for $150,000
    • Sep 09, 2022 Under Contract
    • Aug 29, 2022 Price $180,000
    • Jul 06, 2022 Back to Active
    • Jun 10, 2022 Under Contract
    • May 31, 2022 Listed at $220,000
    • 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
    $595,000
    Waikiki Sunset #910(NUC)
    1 Bd | 1 Ba
    534 ft²
    $615,000
    Waikiki Sunset #1003 (NUC)
    1 Bd | 1 Ba
    546 ft²
    $619,900
    Waikiki Sunset #2901(NUC)
    1 Bd | 1 Ba
    546 ft²
    $621,000
    Waikiki Sunset #3003 (NUC)
    1 Bd | 1 Ba
    546 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.
    Leasehold Expiry: 04/01/36
    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.
    Learn about property tax rates.