| Description | The Ilikai has anchored the Honolulu skyline since 1964, one of the few Waikiki buildings still licensed for legal daily vacation rentals in a market where new short-term rental permits are nearly impossible to obtain. Unit 601 is a fully remodeled 500 square foot one bedroom, one bath, listed at $599,000. The renovation strips the space to clean lines and natural light: new kitchen, new bath, finishes built to hold up under daily guest turnover without losing the feel of a home. For a portfolio, that combination is rare: a legally operating nightly rental in a landmark building, sized to run efficiently, priced to pencil. Building amenities include a resort pool, on site dining, and direct access to the marina, Ala Moana, and Waikiki Beach. Whether held as a personal Honolulu base or run as a short-term rental, 601 offers what few Ilikai units can: legal standing, current numbers, and a location guests respond to. Rental income potential is not guaranteed; buyer to independently verify permit status, HOA rules. |
|---|---|
| Status | Active since 01-21-2026 |
| MLS# | 202601290 |
| Price | $599,000 |
| Original Price | $750,000 |
| Price Change | $-151,000 (-20.13%) |
| Beds / Baths / Half | 1 / 1 / 0 |
| Parking Spaces | 0 |
| Living Sq Ft | 500 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $895 |
| Lanai Sq Ft | 120 |
| Building | Ilikai Apt Bldg |
| Address | 1777 Ala Moana Boulevard 601 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 250 |
| Year Built | 1965 |
| Year Remodeled | 2022 |
| Condition | Excellent |
| View | City |
| Parking | None |
| Zoning | X6 - Resort Mixed Use Precinct |
| Flood Zone | Zone X |
| Tax Amount | $378 |
| Assessed Land | $122,100 |
| Assessed Building | $464,200 |
| Assessed Total | $586,300 |
| Assessed Ratio | 102% |
| Inclusions | AC Central, Cable TV, Dishwasher, Disposal, Drapes, Kitchenware, Linens, Microwave Hood, Other, Range/Oven, Refrigerator |
| Amenities | Community Laundry, Concierge, Fire Sprinkler, Heated Pool, Meeting Room, Patio/Deck, Pool on Property, Recreation Area, Restaurant, Security Guard, Trash Chute, Valet, Whirlpool |
| Construction | Concrete |
| Flooring | Laminate |
| Disclosures | Property Disclosure Stmt |
| Furnished | Full |
| Land Recorded | Land Court |
| Possession | 45 Days or Less, At Closing, Negotiable |
| Sale Conditions | None |
| Building Style | High-Rise 7+ Stories |
| Security | Key |
| Parcel # | 1-2-6-010-007-0580 |
| Listing courtesy of | Agora Hawaii |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 09-09-2026 | 202601290 | Price Decrease | $645,000 | $599,000 | $599,000 | $0 | $586,300 | $122,100 | $464,200 |
| 08-04-2026 | 202601290 | Price Decrease | $699,000 | $645,000 | $599,000 | $0 | $586,300 | $122,100 | $464,200 |
| 06-22-2026 | 202601290 | Price Decrease | $725,000 | $699,000 | $599,000 | $0 | $586,300 | $122,100 | $464,200 |
| 04-12-2026 | 202601290 | Price Decrease | $750,000 | $725,000 | $599,000 | $0 | $586,300 | $122,100 | $464,200 |
| 01-21-2026 | 202601290 | New Listing | A | $599,000 | $0 | $586,300 | $122,100 | $464,200 | |
| 02-14-2023 | 202225706 | Sold | C | S | $799,000 | $770,000 | $474,600 | $122,100 | $352,500 |
| 01-23-2023 | 202225706 | Active Under Contract | A | C | $799,000 | $770,000 | $474,600 | $122,100 | $352,500 |
| 01-23-2023 | 202225706 | Back On Market | C | A | $799,000 | $770,000 | $474,600 | $122,100 | $352,500 |
| 01-05-2023 | 202225706 | In Escrow Showing | A | C | $799,000 | $770,000 | $474,600 | $122,100 | $352,500 |
| 12-13-2022 | 202225706 | New Listing | A | $799,000 | $770,000 | $474,600 | $122,100 | $352,500 | |
| 12-02-2022 | 202221719 | Withdrawn | A | W | $799,000 | $0 | $474,600 | $122,100 | $352,500 |
| 11-27-2022 | 202221719 | Price Decrease | $875,000 | $799,000 | $799,000 | $0 | $474,600 | $122,100 | $352,500 |
| 10-19-2022 | 202221719 | New Listing | CS | A | $799,000 | $0 | $474,600 | $122,100 | $352,500 |
| 10-19-2022 | 202221719 | Coming Soon | CS | $799,000 | $0 | $474,600 | $122,100 | $352,500 | |
| 04-25-2022 | 202201856 | Sold | P | S | $527,000 | $500,000 | $490,400 | $122,100 | $368,300 |
| 03-04-2022 | 202201856 | In Escrow Not Showing | A | P | $527,000 | $500,000 | $490,400 | $122,100 | $368,300 |
| 02-03-2022 | 202201856 | New Listing | A | $527,000 | $500,000 | $490,400 | $122,100 | $368,300 |
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