| Description | Exceptional opportunity to own a legal short-term rental in Waikiki. Perfectly positioned on the Kapiolani Park/Honolulu Zoo side of Waikiki, this property offers guests unbeatable access to world-famous beaches, Diamond Head, dining, and outdoor activities. This well-maintained unit features one of the larger floorplans, providing a comfortable and spacious layout that stands out from many other units in the development. With a proven track record of strong rental income and consistently high occupancy, this property presents an outstanding investment opportunity in the heart of Waikiki. This unit offers an interior connecting door to adjoining Unit #519, which is also available for sale. Together, the two units can be combined to create one of the largest living spaces in the building, offering tremendous flexibility for investors seeking to maximize rental potential or owners who want the option of a larger Waikiki retreat. Whether you’re looking for a high-performing investment property or a versatile island getaway with income potential, this rare opportunity at the Waikiki Grand Hotel delivers location, flexibility, and proven returns. |
|---|---|
| Status | Active since 03-11-2026 |
| MLS# | 202605385 |
| Price | $450,000 |
| Original Price | $450,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 0 / 1 / 0 |
| Parking Spaces | 0 |
| Living Sq Ft | 363 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $1,244 |
| Building | Waikiki Grand Hotel |
| Address | 134 Kapahulu Avenue 518 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 200 |
| Year Built | 1963 |
| Condition | Above Average |
| View | City |
| Frontage | Other |
| Parking | Street |
| Zoning | X6 - Resort Mixed Use Precinct |
| Flood Zone | Zone X |
| Tax Amount | $487 |
| Assessed Land | $113,500 |
| Assessed Building | $292,600 |
| Assessed Total | $406,100 |
| Assessed Ratio | 111% |
| Inclusions | AC Window Unit, Blinds, Cable TV, Dishwasher, Kitchenware, Linens, Microwave, Range/Oven, Refrigerator |
| Amenities | Community Laundry, Patio/Deck, Pool on Property |
| Construction | Concrete |
| Flooring | Ceramic Tile |
| Disclosures | Property Disclosure Stmt |
| Furnished | Full |
| Land Recorded | Land Court |
| Possession | At Closing |
| Sale Conditions | None |
| Building Style | High-Rise 7+ Stories |
| Security | Key |
| Parcel # | 1-2-6-027-031-0076 |
| Listing courtesy of | Compass |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 03-11-2026 | 202605385 | New Listing | A | $450,000 | $0 | $406,100 | $113,500 | $292,600 | |
| 02-28-2026 | 202501990 | Expired | A | X | $500,000 | $0 | $316,600 | $119,900 | $196,700 |
| 01-16-2025 | 202501990 | New Listing | A | $500,000 | $0 | $316,600 | $119,900 | $196,700 | |
| 05-31-2017 | 201704495 | Sold | P | S | $289,000 | $280,000 | $214,400 | $51,700 | $162,700 |
| 04-21-2017 | 201704495 | In Escrow Not Showing | C | P | $289,000 | $280,000 | $214,400 | $51,700 | $162,700 |
| 04-09-2017 | 201704495 | In Escrow Showing | A | C | $289,000 | $280,000 | $214,400 | $51,700 | $162,700 |
| 03-07-2017 | 201704495 | Price Decrease | $295,000 | $289,000 | $289,000 | $280,000 | $214,400 | $51,700 | $162,700 |
| 02-24-2017 | 201704495 | New Listing | A | $289,000 | $280,000 | $214,400 | $51,700 | $162,700 | |
| 02-24-2017 | 201704495 | $295,000 | $289,000 | $280,000 | $214,400 | $51,700 | $162,700 | ||
| 02-01-2017 | 201603362 | Expired | A | X | $295,000 | $0 | $198,100 | $44,200 | $153,900 |
| 02-11-2016 | 201603362 | New Listing | A | $295,000 | $0 | $198,100 | $44,200 | $153,900 | |
| 02-11-2016 | 201603362 | $295,000 | $295,000 | $0 | $198,100 | $44,200 | $153,900 | ||
| 02-01-2016 | 201511159 | Expired | A | X | $295,000 | $0 | $198,100 | $44,200 | $153,900 |
| 07-06-2015 | 201511159 | New Listing | A | $295,000 | $0 | $198,100 | $44,200 | $153,900 | |
| 07-06-2015 | 201511159 | $295,000 | $295,000 | $0 | $198,100 | $44,200 | $153,900 | ||
| 11-04-2005 | 2507806 | Expired | A | X | $249,500 | $0 | $82,200 | $23,900 | $58,300 |
| 05-20-2005 | 2507806 | New Listing | A | $249,500 | $0 | $82,200 | $23,900 | $58,300 | |
| 04-14-2004 | 2401496 | Sold | C | S | $169,500 | $167,000 | $82,200 | $23,900 | $58,300 |
| 03-07-2004 | 2401496 | Active Continue to Show | A | C | $169,500 | $167,000 | $82,200 | $23,900 | $58,300 |
| 02-05-2004 | 2401496 | New Listing | A | $169,500 | $167,000 | $82,200 | $23,900 | $58,300 | |
| 06-26-2003 | 2302387 | Withdrawn | A | W | $165,000 | $0 | $72,900 | $23,900 | $49,000 |
| 06-06-2003 | 2302387 | Price Decrease | $169,000 | $165,000 | $165,000 | $0 | $72,900 | $23,900 | $49,000 |
| 02-24-2003 | 2302387 | New Listing | A | $165,000 | $0 | $72,900 | $23,900 | $49,000 |
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