| Description | This owner-managed legal vacation rental has a proven track record, generating an average annual gross income of approximately $247,000. You are investing in a property and a profitable business with a ROI in 10 to 12 years, plus continuous property appreciation. Two adjoining suites seamlessly interconnected into a single space. Live in one side and rent out the other, or Airbnb the entire sprawling two-bedroom, two-bathroom property. Everything comes in twos: two bedrooms, two bathrooms, two kitchens (a full kitchen & a wet bar), two balconies that stare directly into the Pacific Ocean below, two brand-new Mitsubishi split AC systems, two entertainment areas, and two uniquely independent suites. The interior finishes and colors are designed for durability in high-traffic, short-term rentals. Cabinetry & sliding glass doors were exclusively designed, custom-crafted, and imported. The residence brings Manhattan sophistication to Waikiki Beach, featuring 1,000 sq ft of interior and a 240 sq ft balcony. Set within the iconic Ilikai, this residence occupies a legendary Waikiki oceanfront landmark—one of just two private condominium buildings that grant direct beach access. |
|---|---|
| Status | Active since 09-15-2026 |
| MLS# | 202617592 |
| Price | $2,488,000 |
| Original Price | $2,488,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 2 / 2 / 0 |
| Parking Spaces | 0 |
| Living Sq Ft | 1,000 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $1,893 |
| Lanai Sq Ft | 240 |
| Building | Ilikai Apt Bldg |
| Address | 1777 Ala Moana Boulevard 1518 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 12 |
| Year Built | 1965 |
| Condition | Excellent |
| View | Coastline, Ocean, Sunrise, Sunset |
| Frontage | Marina, Ocean, Sandy Beach, Waterfront |
| Parking | None |
| Zoning | X6 - Resort Mixed Use Precinct |
| Flood Zone | Zone X |
| Tax Amount | $1,788 |
| Assessed Land | $244,200 |
| Assessed Building | $1,278,900 |
| Assessed Total | $1,523,100 |
| Assessed Ratio | 163% |
| Inclusions | AC Split, Cable TV, Dishwasher, Disposal, Drapes, Kitchenware, Linens, Microwave, Range Hood, Range/Oven, Refrigerator, Smoke Detector, Wine Refrigerator |
| Amenities | Community Laundry, Concierge, Condo Association Pool, Exercise Room, Fire Sprinkler, Heated Pool, Patio/Deck, Pool on Property, Recreation Area, Restaurant, Security Guard, Trash Chute, Valet, Walking/Jogging Path, Wall/Fence, Whirlpool |
| Construction | Concrete |
| Flooring | Marble/Granite |
| Disclosures | Property Disclosure Stmt |
| Furnished | Full |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Building Style | Condotel, High-Rise 7+ Stories |
| Security | Security Patrol, Video |
| Parcel # | 1-2-6-010-007-0338 |
| Listing courtesy of | Compass |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 09-15-2026 | 202617592 | New Listing | A | $2,488,000 | $0 | $1,523,100 | $244,200 | $1,278,900 | |
| 05-21-2010 | 1005172 | Sold | P | S | $499,000 | $465,000 | $681,000 | $65,700 | $615,300 |
| 05-18-2010 | 1005172 | Pending | C | P | $499,000 | $465,000 | $681,000 | $65,700 | $615,300 |
| 04-22-2010 | 1005172 | Active Continue to Show | A | C | $499,000 | $465,000 | $681,000 | $65,700 | $615,300 |
| 04-16-2010 | 1005172 | New Listing | A | $499,000 | $465,000 | $681,000 | $65,700 | $615,300 |
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