| Description | LEGAL DAILY RENTAL! Beautifully Renovated in 2025 with Custom Cabinetry & Stunning Diamond Head Views! This turnkey studio at Palms at Waikiki offers a rare opportunity for investors, second-home buyers, or anyone seeking a flexible island retreat. Ideally located in the heart of Waikiki, just minutes from Waikiki Beach, Ala Moana Beach Park, Ala Moana Center, and the Hawaii Convention Center. Features include custom cabinetry, stylish modern finishes, floor-to-ceiling windows, central A/C, and a spacious lanai with breathtaking Diamond Head views. Owners may enjoy the unit as a personal Hawaii getaway or generate rental income through the hotel program or self-management. Resort-style amenities include a swimming pool, fitness center, BBQ area and the popular IHOP restaurant. An exceptional investment opportunity in one of Waikiki's most sought-after legal daily rental properties. |
|---|---|
| Status | Active since 08-01-2026 |
| MLS# | 202614651 |
| Price | $348,000 |
| Original Price | $348,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 0 / 1 / 0 |
| Parking Spaces | 0 |
| Living Sq Ft | 312 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $776 |
| Lanai Sq Ft | 50 |
| Building | Palms At Waikiki |
| Address | 1850 Ala Moana Boulevard 218 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 58 |
| Year Built | 1970 |
| Year Remodeled | 2025 |
| Condition | Above Average |
| View | City, Diamond Head, Sunrise |
| Parking | Guest, None |
| Zoning | AM - Apartment Mixed Use |
| Flood Zone | Zone AE |
| Tax Amount | $420 |
| Assessed Land | $65,100 |
| Assessed Building | $252,500 |
| Assessed Total | $357,600 |
| Assessed Ratio | 97% |
| Inclusions | AC Central, Cable TV, Drapes, Kitchenware, Linens, Microwave, Refrigerator, Smoke Detector |
| Amenities | BBQ, Community Laundry, Condo Association Pool, Exercise Room, Restaurant, Security Guard |
| Construction | Above Ground, Concrete, Single Wall |
| Flooring | Ceramic Tile, Vinyl |
| Disclosures | Call Listor, Property Disclosure Stmt, See Remarks |
| Land Recorded | Land Court |
| Possession | 45 Days or Less, At Closing |
| Sale Conditions | None |
| Building Style | Condotel |
| Security | Card |
| Parcel # | 1-2-6-012-003-0019 |
| Listing courtesy of | Locations LLC |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-01-2026 | 202614651 | New Listing | A | $348,000 | $0 | $357,600 | $65,100 | $252,500 | |
| 07-27-2026 | 202611710 | Cancelled | A | W | $197,000 | $0 | $357,600 | $65,100 | $292,500 |
| 07-01-2026 | 202611710 | New Listing | CS | A | $197,000 | $0 | $357,600 | $65,100 | $292,500 |
| 06-05-2026 | 202525213 | Cancelled | A | W | $395,000 | $0 | $357,600 | $65,100 | $292,500 |
| 01-18-2026 | 202525213 | Price Decrease | $400,000 | $395,000 | $395,000 | $0 | $357,600 | $65,100 | $292,500 |
| 01-13-2026 | 202525213 | Price Increase | $380,000 | $400,000 | $395,000 | $0 | $357,600 | $65,100 | $292,500 |
| 11-10-2025 | 202525213 | New Listing | A | $395,000 | $0 | $357,600 | $65,100 | $292,500 | |
| 04-02-2018 | 201801299 | Sold | C | S | $225,000 | $225,000 | $219,800 | $36,200 | $183,600 |
| 02-21-2018 | 201801299 | In Escrow Showing | A | C | $225,000 | $225,000 | $219,800 | $36,200 | $183,600 |
| 01-27-2018 | 201801299 | Back On Market | C | A | $225,000 | $225,000 | $219,800 | $36,200 | $183,600 |
| 01-23-2018 | 201801299 | In Escrow Showing | A | C | $225,000 | $225,000 | $219,800 | $36,200 | $183,600 |
| 01-18-2018 | 201801299 | $225,000 | $225,000 | $225,000 | $219,800 | $36,200 | $183,600 | ||
| 01-18-2018 | 201801299 | New Listing | A | $225,000 | $225,000 | $219,800 | $36,200 | $183,600 | |
| 01-01-2015 | 201419088 | Sold | P | S | $210,000 | $200,000 | $171,600 | $19,900 | $151,700 |
| 12-22-2014 | 201419088 | Pending | C | P | $210,000 | $200,000 | $171,600 | $19,900 | $151,700 |
| 12-11-2014 | 201419088 | Active Continue to Show | A | C | $210,000 | $200,000 | $171,600 | $19,900 | $151,700 |
| 10-24-2014 | 201419088 | Price Decrease | $220,000 | $210,000 | $210,000 | $200,000 | $171,600 | $19,900 | $151,700 |
| 10-05-2014 | 201419088 | New Listing | A | $210,000 | $200,000 | $171,600 | $19,900 | $151,700 | |
| 10-05-2014 | 201419088 | $220,000 | $210,000 | $200,000 | $171,600 | $19,900 | $151,700 | ||
| 09-18-2014 | 201414100 | Sold | P | S | $185,000 | $180,000 | $171,600 | $19,900 | $151,700 |
| 09-08-2014 | 201414100 | Pending | C | P | $185,000 | $180,000 | $171,600 | $19,900 | $151,700 |
| 08-19-2014 | 201414100 | Active Continue to Show | A | C | $185,000 | $180,000 | $171,600 | $19,900 | $151,700 |
| 08-14-2014 | 201414100 | Price Decrease | $206,000 | $185,000 | $185,000 | $180,000 | $171,600 | $19,900 | $151,700 |
| 07-15-2014 | 201414100 | $206,000 | $185,000 | $180,000 | $171,600 | $19,900 | $151,700 | ||
| 07-15-2014 | 201414100 | New Listing | A | $185,000 | $180,000 | $171,600 | $19,900 | $151,700 | |
| 12-09-2005 | 2521367 | New Listing | A | $185,500 | $185,500 | $0 | $0 | $0 | |
| 12-09-2005 | 2521367 | Sold | A | S | $185,500 | $185,500 | $0 | $0 | $0 |
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