| Description | Unit 816 at the Palms at Waikiki offers a rare opportunity to own a legal, turnkey short-term rental with strong income history and deeded parking. One of the larger studio layouts in the building, this fully renovated unit is ready for immediate use and can be self-managed or placed into the hotel rental pool. The southeast-facing orientation captures views of Diamond Head, ocean, city Skyline, which consistently appeals to guests and supports strong nightly rates. The unit has a proven performance record, generating approximately $63,000+ in annual gross income with a 4.96-star rating, over 80 reviews, and roughly 90% occupancy. Renovated in 2020 as part of the hotel refresh program, the unit features custom upgrades that set it apart from standard inventory. Owners and guests enjoy access to quaint hotel amenities including a pool, BBQ area, fitness center, laundry facilities, front desk services, bell service, and 24-hour security. Located at the gateway to Waikiki and just blocks from Kahanamoku Beach, shopping, dining, and world-class resorts, this property offers flexibility for continued rental income, personal use, or future resale of a high-demand condotel with parking. |
|---|---|
| Status | Sold since 01-26-2026 |
| MLS# | 202601604 |
| Price | $435,000 |
| Original Price | $440,000 |
| Price Change | $-5,000 (-1.14%) |
| Beds / Baths / Half | 0 / 1 / 0 |
| Parking Spaces | 1 |
| Living Sq Ft | 321 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $798 |
| Lanai Sq Ft | 42 |
| Building | Palms At Waikiki |
| Address | 1850 Ala Moana Boulevard 816 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 126 |
| Year Built | 1970 |
| Year Remodeled | 2020 |
| Condition | Excellent,Above Average |
| View | City, Diamond Head, Ocean |
| Parking | Assigned, Covered - 1, Secured Entry |
| Zoning | AM - Apartment Mixed Use |
| Flood Zone | Zone AE |
| Tax Amount | $397 |
| Assessed Land | $66,900 |
| Assessed Building | $348,400 |
| Assessed Total | $415,300 |
| Assessed Ratio | 105% |
| Inclusions | AC Central, Blinds, Kitchenware, Linens, Refrigerator, Smoke Detector |
| Amenities | BBQ, Condo Association Pool, Exercise Room, Fire Sprinkler, Patio/Deck |
| Construction | Concrete |
| Flooring | Ceramic Tile, W/W Carpet |
| Disclosures | Property Disclosure Stmt |
| Furnished | Partial |
| Land Recorded | Land Court |
| Possession | At Closing, Negotiable |
| Sale Conditions | None |
| Building Style | Condotel |
| Parcel # | 1-2-6-012-003-0170 |
| Listing courtesy of | BHGRE Refined |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 06-29-2026 | 202601604 | Sold | C | S | $435,000 | $405,000 | $415,300 | $66,900 | $348,400 |
| 06-01-2026 | 202601604 | Active Under Contract | A | C | $435,000 | $405,000 | $415,300 | $66,900 | $348,400 |
| 04-16-2026 | 202601604 | Price Decrease | $440,000 | $435,000 | $435,000 | $405,000 | $415,300 | $66,900 | $348,400 |
| 01-26-2026 | 202601604 | New Listing | A | $435,000 | $405,000 | $415,300 | $66,900 | $348,400 | |
| 12-17-2025 | 202524239 | Expired | A | X | $435,000 | $0 | $415,300 | $66,900 | $348,400 |
| 10-24-2025 | 202524239 | New Listing | CS | A | $435,000 | $0 | $415,300 | $66,900 | $348,400 |
| 10-23-2025 | 202520260 | Cancelled | A | W | $455,000 | $0 | $415,300 | $66,900 | $348,400 |
| 10-10-2025 | 202520260 | Price Decrease | $465,000 | $455,000 | $455,000 | $0 | $415,300 | $66,900 | $348,400 |
| 09-15-2025 | 202520260 | New Listing | A | $455,000 | $0 | $415,300 | $66,900 | $348,400 | |
| 04-12-2023 | 202300764 | Sold | C | S | $405,000 | $399,000 | $313,700 | $66,900 | $246,800 |
| 03-08-2023 | 202300764 | Active Under Contract | A | C | $405,000 | $399,000 | $313,700 | $66,900 | $246,800 |
| 03-01-2023 | 202300764 | Price Decrease | $409,000 | $405,000 | $405,000 | $399,000 | $313,700 | $66,900 | $246,800 |
| 01-21-2023 | 202300764 | New Listing | A | $405,000 | $399,000 | $313,700 | $66,900 | $246,800 | |
| 04-20-2022 | 202202067 | Sold | C | S | $345,000 | $345,000 | $316,500 | $66,900 | $249,600 |
| 03-14-2022 | 202202067 | In Escrow Showing | A | C | $345,000 | $345,000 | $316,500 | $66,900 | $249,600 |
| 02-01-2022 | 202202067 | New Listing | A | $345,000 | $345,000 | $316,500 | $66,900 | $249,600 | |
| 08-01-2007 | 2702775 | Sold | C | S | $250,000 | $225,000 | $212,800 | $21,300 | $191,500 |
| 04-25-2007 | 2702775 | Active Continue to Show | A | C | $250,000 | $225,000 | $212,800 | $21,300 | $191,500 |
| 02-15-2007 | 2702775 | Price Decrease | $270,000 | $250,000 | $250,000 | $225,000 | $212,800 | $21,300 | $191,500 |
| 09-09-2006 | 2515363 | Expired | T | X | $349,000 | $0 | $0 | $0 | $0 |
| 12-09-2005 | 2515363 | Temporarily Withdrawn | A | T | $349,000 | $0 | $0 | $0 | $0 |
| 09-13-2005 | 2515363 | New Listing | A | $349,000 | $0 | $0 | $0 | $0 |
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