| Description | An exceptional and rare legal short-term rental (with NUC Certificate) in the highly sought-after Fairway Villa in the center of Waikiki. This turn-key studio on the 15th floor offers the perfect blend of lifestyle and income potential. Ideally located just minutes from Waikiki Beach, International Market Place, dining, and shopping, this unit features a bright, open layout with floor-to-ceiling sliding doors leading to a private lanai for relaxing and enjoying the island breeze. Fairway Villa is a secure building with resort-style amenities, including a rooftop pool with panoramic ocean views, sauna, BBQ area, and 24-hour security. Ideal for investors, with strong income potential and attractive cap rate. Legal short-term rental with active reservations in place, offering immediate income potential. Property is currently professionally managed, and sale is subject to existing bookings. Showings by appointment only, based on availability. |
|---|---|
| Status | Sold since 04-27-2026 |
| MLS# | 202607736 |
| Price | $369,000 |
| Original Price | $369,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 0 / 1 / 0 |
| Parking Spaces | 1 |
| Living Sq Ft | 364 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $711 |
| Lanai Sq Ft | 77 |
| Building | Fairway Villa |
| Address | 2345 Ala Wai Boulevard 1516 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 64 |
| Year Built | 1975 |
| Year Remodeled | 2015 |
| Condition | Excellent,Above Average |
| View | City, Marina/Canal |
| Frontage | Other |
| Parking | Covered - 1 |
| Zoning | X2 - Apartment Precinct |
| Flood Zone | Zone AE |
| Elementary | Jefferson |
| Middle | Washington |
| High | Kaimuki |
| Tax Amount | $253 |
| Assessed Land | $28,700 |
| Assessed Building | $301,500 |
| Assessed Total | $330,200 |
| Assessed Ratio | 112% |
| Inclusions | AC Window Unit, Cable TV, Drapes, Dryer, Microwave, Range/Oven, Smoke Detector, Washer |
| Amenities | BBQ, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute |
| Construction | Other |
| Flooring | Laminate |
| Disclosures | Non Resident Owner, See Remarks |
| Furnished | Full |
| Land Recorded | Land Court |
| Possession | At Closing, Negotiable |
| Sale Conditions | None |
| Building Style | High-Rise 7+ Stories |
| Parcel # | 1-2-6-021-021-0142 |
| Listing courtesy of | Coldwell Banker Island Prop |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-03-2026 | 202607736 | Sold | C | S | $369,000 | $350,000 | $330,200 | $28,700 | $301,500 |
| 06-30-2026 | 202607736 | Active Under Contract | A | C | $369,000 | $350,000 | $330,200 | $28,700 | $301,500 |
| 04-27-2026 | 202607736 | New Listing | CS | A | $369,000 | $350,000 | $330,200 | $28,700 | $301,500 |
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