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Kina Knisley

kinak@kw.com +1(808) 681-9594

Listed by BHGRE Refined

$ 435,000

Est. payment | -/mo

1 Bath

321 SqFt

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$ 435,000

Est. payment | -/mo

Save

1 Bath

321 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 321 sqft

Price per Sqft $1,355

Subdivision Waikiki

MLS Listing ID 202601604

Full Baths 1

Maintenance Fees $798

Construction Status Excellent,Good Condition

HOA Y/N No

Year Built 1970

Annual Tax Amount $4,764

Property Sub-Type Condominium

Property Description

Unit 816 at the Palms at Waikiki offers a rare opportunity to own a legal, turnkey short-term rental with strong income history and deeded parking. One of the larger studio layouts in the building, this fully renovated unit is ready for immediate use and can be self-managed or placed into the hotel rental pool. The southeast-facing orientation captures views of Diamond Head, ocean, city Skyline, which consistently appeals to guests and supports strong nightly rates. The unit has a proven performance record, generating approximately $63,000+ in annual gross income with a 4.96-star rating, over 80 reviews, and roughly 90% occupancy. Renovated in 2020 as part of the hotel refresh program, the unit features custom upgrades that set it apart from standard inventory. Owners and guests enjoy access to quaint hotel amenities including a pool, BBQ area, fitness center, laundry facilities, front desk services, bell service, and 24-hour security. Located at the gateway to Waikiki and just blocks from Kahanamoku Beach, shopping, dining, and world-class resorts, this property offers flexibility for continued rental income, personal use, or future resale of a high-demand condotel with parking.

Location

State HI

County Oahu

Community Barbecue, Community Pool, Deck/Porch, Fitness, Patio, Condo Hotel Community

Area Metro

Building/Complex Name Palms At Waikiki

Interior

Interior Features Bedroom on Main Level, Full Bath on Main Level, Handicap Access

Cooling Central Air

Flooring Carpet, Ceramic Tile

Inclusions AC Central, Blinds, Kitchenware, Linens, Refrigerator, Smoke Detector

Furnishings Partially

Fireplace No

Exterior

Parking Features Assigned, Covered, One Space, Secured

Community Features Barbecue, Community Pool, Deck/Porch, Fitness, Patio, Condo Hotel Community

View Y/N Yes

View City, Mountain(s), Ocean

Total Parking Spaces 1

Building

Entry Level One

Level or Stories One

New Construction No

Construction Status Excellent,Good Condition

Others

HOA Fee Include Common Areas,Cable TV,Electricity,HVAC,Hot Water,Internet,Sewer,Water

Tax ID 1-2-6-012-003-0170

Security Features Fire Sprinkler System

Special Listing Condition None

Nearby Locations

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Kina Knisley

REALTOR® | Lic# RS-78283

kinak@kw.com

+1(808) 681-9594

1347 Kapiolani Blvd Ste. 300, Honolulu, HI, 96814, USA

1850 Ala Moana BLVD #816 Honolulu, HI 96815

Kina Knisley

Key Details

Location

Interior

Exterior

Building

Others

1850 Ala Moana BLVD #816