Bought with Coldwell Banker Realty
$595,000
$599,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
557 SqFt
SOLD DATE : 11/14/2025
Key Details
Sold Price $595,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 557 sqft
Price per Sqft $1,068
Subdivision Waikiki
MLS Listing ID 202521150
Sold Date 11/14/25
Style High Rise
Bedrooms 1
Full Baths 1
Maintenance Fees $902
Construction Status Average Condition
HOA Fees $104
HOA Y/N No
Year Built 1977
Annual Tax Amount $6,904
Property Sub-Type Condominium
Property Description
Best price! Waikiki Banyan #605-2 offers a fantastic opportunity for investors, second-home buyers, or primary residence. This 1-bedroom, 1-bathroom unit comes with a Non-Conforming Use Certificate (NUC, which currently costs less than the Bill 41 TVU license), making it eligible for short-term vacation rentals—perfect for capitalizing on a limited short-term rental market. The unit is priced to sell and, while it needs updating, it offers great potential for customization. The 6th-floor location allows for an in-unit washer/dryer, adding convenience for owners and renters alike. Additionally, the property includes one unassigned parking stall, a valuable feature in this prime Waikiki location. The building is financially solid with recent capital improvements, including re-piping of the sewer lines and modernized elevators. With its prime location steps from Waikiki Beach and all the local amenities, this unit is an excellent choice for those seeking both flexibility and value in a vacation rental building.
Location
State HI
County Oahu
Community Barbecue, Deck/Porch, Laundry Facilities, Playground, Patio, Pool, Recreation Area, Sauna, Trash Chute, Condo Hotel Community
Area Metro
Building/Complex Name Waikiki Banyan
Interior
Interior Features Bedroom on Main Level
Flooring Carpet, Other
Furnishings Furnished
Fireplace No
Exterior
Parking Features Garage, Secured, Unassigned
Community Features Barbecue, Deck/Porch, Laundry Facilities, Playground, Patio, Pool, Recreation Area, Sauna, Trash Chute, Condo Hotel Community
View Y/N Yes
View Canal, City, Mountain(s), Sunrise
Total Parking Spaces 1
Building
Entry Level One
Architectural Style High Rise
Level or Stories One
New Construction No
Construction Status Average Condition
Others
HOA Fee Include Common Areas,Cable TV,Electricity,Hot Water,Internet,Sewer,Water
Tax ID 1-2-6-025-005-0434
Security Features Closed Circuit Camera(s),Fire Sprinkler System,Security Guard
Financing Conventional
Special Listing Condition None
Pets Allowed Call
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