| Description | Best price! Waikiki Banyan #605-2 offers a fantastic opportunity for investors, second-home buyers, or primary residence. This 1-bedroom, 1-bathroom unit comes with a Non-Conforming Use Certificate (NUC, which currently costs less than the Bill 41 TVU license), making it eligible for short-term vacation rentals—perfect for capitalizing on a limited short-term rental market. The unit is priced to sell and, while it needs updating, it offers great potential for customization. The 6th-floor location allows for an in-unit washer/dryer, adding convenience for owners and renters alike. Additionally, the property includes one unassigned parking stall, a valuable feature in this prime Waikiki location. The building is financially solid with recent capital improvements, including re-piping of the sewer lines and modernized elevators. With its prime location steps from Waikiki Beach and all the local amenities, this unit is an excellent choice for those seeking both flexibility and value in a vacation rental building. |
|---|---|
| Status | Sold since 09-25-2025 |
| MLS# | 202521150 |
| Price | $599,000 |
| Original Price | $599,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 1 / 1 / 0 |
| Parking Spaces | 1 |
| Living Sq Ft | 557 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $954 |
| Lanai Sq Ft | 67 |
| Building | Waikiki Banyan |
| Address | 201 Ohua Avenue 605 (NUC) Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 10 |
| Year Built | 1977 |
| Condition | Average |
| View | City, Marina/Canal, Mountain, Sunrise |
| Parking | Garage, Secured Entry, Unassigned |
| Zoning | X2 - Apartment Precinct |
| Flood Zone | Zone AE |
| Tax Amount | $575 |
| Assessed Land | $106,600 |
| Assessed Building | $621,300 |
| Assessed Total | $727,900 |
| Assessed Ratio | 82% |
| Inclusions | AC Window Unit, Disposal, Kitchenware, Microwave, Range Hood, Range/Oven, Refrigerator, Smoke Detector |
| Amenities | BBQ, Community Laundry, Fire Sprinkler, Patio/Deck, Playground, Pool on Property, Recreation Area, Sauna, Security Guard, Trash Chute, Whirlpool |
| Construction | Above Ground, Concrete |
| Flooring | Other, W/W Carpet |
| Disclosures | Mixed Use OK, Pets Allowed (Verify) |
| Furnished | Full |
| Land Recorded | Dual Systems |
| Possession | 45 Days or Less, 45 Days or More, At Closing |
| Sale Conditions | None |
| Building Style | Condotel, High-Rise 7+ Stories |
| Security | Security Patrol, Video |
| Parcel # | 1-2-6-025-005-0434 |
| Listing courtesy of | Coldwell Banker Realty |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 11-14-2025 | 202521150 | Sold | P | S | $599,000 | $595,000 | $727,900 | $106,600 | $621,300 |
| 11-12-2025 | 202521150 | Pending | C | P | $599,000 | $595,000 | $727,900 | $106,600 | $621,300 |
| 10-05-2025 | 202521150 | Active Under Contract | A | C | $599,000 | $595,000 | $727,900 | $106,600 | $621,300 |
| 09-25-2025 | 202521150 | New Listing | A | $599,000 | $595,000 | $727,900 | $106,600 | $621,300 |
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