| Description | Here's your opportunity to own a legal short-term rental unit at the highly sought after Pacific Monarch in Waikiki! This studio unit has just been remodeled, highlighting the open layout with floor-to-ceiling windows that brighten the space and offer spectacular views of Waikiki. Enjoy the kitchenette, which boasts all new cabinets, waterfall countertop and new appliances (hot plate, microwave, refrigerator). The rest of the unit has been remodeled as well including the bathroom, new vinyl floors, ceiling fan and the entire unit has been painted (popcorn ceiling removed). Amenities include rooftop pool, jacuzzi, sauna and an enclosed recreation room with pool table and TV. Paid parking is available in the building's parking garage. To manage your short-term rental property, you can choose to join the Pacific Monarch Hotel Rental Pool and have them handle everything, or you can self-manage and handle the rentals yourself or use a property manager. Pacific Monarch is conveniently located in Waikiki with abundant attractions, restaurants and just a couple blocks from its world-famous beaches. |
|---|---|
| Status | Sold since 09-06-2024 |
| MLS# | 202420554 |
| Price | $580,000 |
| Original Price | $565,000 |
| Price Change | $15,000 (2.65%) |
| Beds / Baths / Half | 0 / 1 / 0 |
| Parking Spaces | 0 |
| Living Sq Ft | 360 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $717 |
| Lanai Sq Ft | 58 |
| Building | Pacific Monarch |
| Address | 2427 Kuhio Avenue 1208 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 48 |
| Year Built | 1980 |
| Year Remodeled | 2024 |
| Condition | Excellent |
| View | City, Diamond Head, Ocean |
| Parking | Guest, Secured Entry, Street |
| Zoning | X6 - Resort Mixed Use Precinct |
| Flood Zone | Zone X |
| Tax Amount | $535 |
| Assessed Land | $93,400 |
| Assessed Building | $353,700 |
| Assessed Total | $447,100 |
| Assessed Ratio | 130% |
| Inclusions | AC Window Unit, Ceiling Fan, Drapes, Microwave Hood, Microwave, Range/Oven, Refrigerator, Smoke Detector |
| Amenities | BBQ, Community Laundry, Concierge, Condo Association Pool, Fire Sprinkler, Patio/Deck, Recreation Area, Recreation Room, Resident Manager, Restaurant, Sauna, Security Guard, Trash Chute, Whirlpool |
| Construction | Concrete, Double Wall |
| Flooring | Vinyl |
| Disclosures | None |
| Furnished | Partial |
| Land Recorded | Regular System |
| Possession | 45 Days or Less, At Closing |
| Sale Conditions | None |
| Building Style | Condotel, High-Rise 7+ Stories |
| Security | Card, Keyed Elevator, Security Patrol, Video |
| Parcel # | 1-2-6-023-056-0058 |
| Listing courtesy of | Corcoran Pacific Properties |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 12-23-2024 | 202420554 | Sold | C | S | $580,000 | $580,000 | $447,100 | $93,400 | $353,700 |
| 11-18-2024 | 202420554 | Active Under Contract | A | C | $580,000 | $580,000 | $447,100 | $93,400 | $353,700 |
| 11-07-2024 | 202420554 | Back On Market | C | A | $580,000 | $580,000 | $447,100 | $93,400 | $353,700 |
| 10-27-2024 | 202420554 | Active Under Contract | A | C | $580,000 | $580,000 | $447,100 | $93,400 | $353,700 |
| 10-17-2024 | 202420554 | Price Decrease | $585,000 | $580,000 | $580,000 | $580,000 | $447,100 | $93,400 | $353,700 |
| 09-27-2024 | 202420554 | Back On Market | C | A | $580,000 | $580,000 | $447,100 | $93,400 | $353,700 |
| 09-27-2024 | 202420554 | Price Increase | $565,000 | $585,000 | $580,000 | $580,000 | $447,100 | $93,400 | $353,700 |
| 09-13-2024 | 202420554 | Active Under Contract | A | C | $580,000 | $580,000 | $447,100 | $93,400 | $353,700 |
| 09-06-2024 | 202420554 | New Listing | A | $580,000 | $580,000 | $447,100 | $93,400 | $353,700 | |
| 05-13-2024 | 202324957 | Sold | C | S | $520,000 | $505,000 | $381,900 | $90,400 | $291,500 |
| 03-16-2024 | 202324957 | Active Under Contract | A | C | $520,000 | $505,000 | $381,900 | $90,400 | $291,500 |
| 11-02-2023 | 202324957 | New Listing | A | $520,000 | $505,000 | $381,900 | $90,400 | $291,500 | |
| 03-08-2022 | 202120003 | Sold | C | S | $385,000 | $360,000 | $297,500 | $88,500 | $209,000 |
| 02-18-2022 | 202120003 | In Escrow Showing | X | C | $385,000 | $360,000 | $297,500 | $88,500 | $209,000 |
| 02-15-2022 | 202120003 | Expired | C | X | $385,000 | $360,000 | $297,500 | $88,500 | $209,000 |
| 02-11-2022 | 202120003 | In Escrow Showing | A | C | $385,000 | $360,000 | $297,500 | $88,500 | $209,000 |
| 11-15-2021 | 202120003 | Price Decrease | $398,000 | $385,000 | $385,000 | $360,000 | $297,500 | $88,500 | $209,000 |
| 09-05-2021 | 202120003 | Price Decrease | $415,000 | $398,000 | $385,000 | $360,000 | $297,500 | $88,500 | $209,000 |
| 08-05-2021 | 202120003 | New Listing | A | $385,000 | $360,000 | $297,500 | $88,500 | $209,000 |
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