| Description | Exceptional investment opportunity at Waikiki Sunset! This beautifully maintained 1-bedroom, 1-bath residence offers the perfect combination of personal enjoyment and income potential. Located in one of Waikiki's most sought-after resort-zoned buildings, the unit features a functional floor plan, full kitchen, private lanai, and abundant natural light. Just a short stroll to world-famous Waikiki Beach, Kapiolani Park, restaurants, shopping, and entertainment. Resort-style amenities include a swimming pool, fitness center, BBQ area, tennis court, 24-hour security, and more. Whether you're looking for a vacation getaway, an investment property, or both, this is an outstanding opportunity to own in the heart of Waikiki. If the buyer is considering transitioning the unit to a vacation rental, the seller is open to negotiating a credit toward furniture replacement to help facilitate the conversion. |
|---|---|
| Status | Active since 08-31-2026 |
| MLS# | 202616486 |
| Price | $725,000 |
| Original Price | $725,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 1 / 1 / 0 |
| Parking Spaces | 1 |
| Living Sq Ft | 546 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $1,367 |
| Building | Waikiki Sunset |
| Address | 229 Paoakalani Avenue 1501 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 27 |
| Year Built | 1979 |
| Condition | Above Average |
| View | City, Mountain |
| Parking | Covered - 1, Unassigned |
| Zoning | X2 - Apartment Precinct |
| Flood Zone | Zone AE |
| Tax Amount | $513 |
| Assessed Land | $80,600 |
| Assessed Building | $589,000 |
| Assessed Total | $669,600 |
| Assessed Ratio | 108% |
| Inclusions | AC Central, Cable TV, Disposal, Microwave, Range/Oven, Refrigerator, Security System, Smoke Detector |
| Amenities | BBQ, Community Laundry, Condo Association Pool, Exercise Room, Meeting Room, Pool on Property, Recreation Area |
| Construction | Concrete |
| Flooring | Vinyl, W/W Carpet |
| Disclosures | None |
| Furnished | Negotiable |
| Land Recorded | Land Court |
| Possession | At Closing |
| Sale Conditions | None |
| Building Style | Condotel, High-Rise 7+ Stories |
| Security | Card, Keyed Elevator, Security Patrol, Video |
| Parcel # | 1-2-6-028-011-0107 |
| Listing courtesy of | YourTurn Inc |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-31-2026 | 202616486 | New Listing | A | $725,000 | $0 | $669,600 | $80,600 | $589,000 | |
| 06-16-2026 | 202513641 | Expired | A | X | $725,000 | $0 | $614,300 | $80,600 | $533,700 |
| 06-16-2025 | 202513641 | New Listing | A | $725,000 | $0 | $614,300 | $80,600 | $533,700 | |
| 05-09-2025 | 202502890 | Sold | C | S | $668,000 | $650,000 | $635,000 | $85,100 | $549,900 |
| 03-13-2025 | 202502890 | Active Under Contract | A | C | $668,000 | $650,000 | $635,000 | $85,100 | $549,900 |
| 01-29-2025 | 202502890 | New Listing | A | $668,000 | $650,000 | $635,000 | $85,100 | $549,900 |
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