| Description | Rare opportunity to own a newly renovated, turn-key legal short-term rental with deeded parking in one of Waikiki’s most desirable resort locations, offering the perfect blend of investment performance and personal vacation use. High-floor Unit 1022 features a spacious studio layout with a private lanai showcasing sweeping 180-degree views of Diamond Head, the ocean, and the Waikiki skyline—an experience that consistently attracts guests and enhances rental demand. The bright interior highlights modern finishes, updated flooring, stylish furnishings, and an efficient open design that maximizes comfort and guest satisfaction. Located just 1 block from the beach, with shopping, dining, and entertainment nearby, this prime location supports strong year-round occupancy. The unit also features a custom hand-painted mural by local artists, adding memorable island character that helps the unit stand out in the rental market. Owners/guests enjoy boutique-style amenities including refreshed common areas, pool, BBQ, fitness center, on-site laundry, front desk services,& 24-hour security, making this an exceptional opportunity for investors seeking income potential with lifestyle flexibility. |
|---|---|
| Status | Sold since 02-04-2026 |
| MLS# | 202602270 |
| Price | $479,000 |
| Original Price | $479,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 0 / 1 / 0 |
| Parking Spaces | 1 |
| Living Sq Ft | 315 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $783 |
| Lanai Sq Ft | 41 |
| Building | Palms At Waikiki |
| Address | 1850 Ala Moana Boulevard 1022 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 13 |
| Year Built | 1970 |
| Year Remodeled | 2024 |
| Condition | Excellent |
| View | City, Coastline, Diamond Head, Mountain, Ocean, Sunrise |
| Parking | Covered - 1 |
| Zoning | AM - Apartment Mixed Use |
| Flood Zone | Zone AE |
| Tax Amount | $243 |
| Assessed Land | $65,700 |
| Assessed Building | $315,100 |
| Assessed Total | $380,800 |
| Assessed Ratio | 126% |
| Inclusions | AC Central, Cable TV, Drapes, Kitchenware, Linens, Microwave, Refrigerator, Smoke Detector |
| Amenities | BBQ, Concierge, Condo Association Pool, Exercise Room, Fire Sprinkler, Patio/Deck, Recreation Area, Security Guard |
| Construction | Above Ground, Concrete, Masonry/Stucco |
| Flooring | Vinyl |
| Disclosures | None |
| Land Recorded | Land Court |
| Possession | 45 Days or Less, At Closing |
| Sale Conditions | None |
| Building Style | Condotel, High-Rise 7+ Stories |
| Parcel # | 1-2-6-012-003-0228 |
| Listing courtesy of | BHGRE Refined |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 03-19-2026 | 202602270 | Sold | C | S | $479,000 | $465,000 | $380,800 | $65,700 | $315,100 |
| 02-17-2026 | 202602270 | Active Under Contract | A | C | $479,000 | $465,000 | $380,800 | $65,700 | $315,100 |
| 02-04-2026 | 202602270 | New Listing | A | $479,000 | $465,000 | $380,800 | $65,700 | $315,100 | |
| 06-03-2024 | 202409254 | Sold | P | S | $420,000 | $420,000 | $338,300 | $67,200 | $271,100 |
| 05-29-2024 | 202409254 | Pending | C | P | $420,000 | $420,000 | $338,300 | $67,200 | $271,100 |
| 05-02-2024 | 202409254 | Active Under Contract | A | C | $420,000 | $420,000 | $338,300 | $67,200 | $271,100 |
| 04-30-2024 | 202409254 | New Listing | A | $420,000 | $420,000 | $338,300 | $67,200 | $271,100 | |
| 08-08-2023 | 202302086 | Expired | A | X | $420,000 | $0 | $315,300 | $65,700 | $249,600 |
| 02-16-2023 | 202302086 | Price Decrease | $435,000 | $420,000 | $420,000 | $0 | $315,300 | $65,700 | $249,600 |
| 02-07-2023 | 202302086 | New Listing | CS | A | $420,000 | $0 | $315,300 | $65,700 | $249,600 |
| 02-09-2021 | 202011500 | Withdrawn | A | W | $375,000 | $0 | $310,800 | $65,700 | $245,100 |
| 05-22-2020 | 202011500 | New Listing | A | $375,000 | $0 | $310,800 | $65,700 | $245,100 | |
| 02-08-2013 | 1207225 | Sold | C | S | $249,900 | $225,000 | $172,200 | $18,300 | $153,900 |
| 01-23-2013 | 1207225 | Active Continue to Show | A | C | $249,900 | $225,000 | $172,200 | $18,300 | $153,900 |
| 11-09-2012 | 1207225 | Price Decrease | $260,000 | $249,900 | $249,900 | $225,000 | $172,200 | $18,300 | $153,900 |
| 06-27-2012 | 1207225 | New Listing | A | $249,900 | $225,000 | $172,200 | $18,300 | $153,900 | |
| 12-09-2005 | 2521409 | New Listing | A | $221,500 | $221,500 | $0 | $0 | $0 | |
| 12-09-2005 | 2521409 | Sold | A | S | $221,500 | $221,500 | $0 | $0 | $0 |
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