Here's a chance to own a Fee Simple 1 bed condo 1.5 blocks to the beach in ...
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Built in 1967, 4 Floors with 15 Units, 1BR, Pets: No.
Year 2010 converted to condotel. A few of the units come with parking (rare for condotels).
About Cabana at Waikiki
The Cabana at Waikiki began life in 1967 as visitor accommodations, only converting to condos in 2010. It's easy to see understand why it so successfully served tourists for so long.
The building is right in the thick of Waikiki, between Kuhio and Kalakaua Avenues. You can roll out of bed and be on one of the most famous beaches in the world within 5 minutes. It's just one block away. The Honolulu Zoo and, more importantly, the vast outdoor playground of Kapiolani Park is just as close. It would be difficult to find a better condo location in Waikiki.
The 4 floors of the Cabana hold just 15 units total. All of the 1BR residences measure 365 sq ft interiors with lanais that extend 50 to 58 more sq ft on the outside. Room for sitting and taking in the day or the cool tropical evenings.
Though the building is no longer a hotel property as a whole, the visitor accommodation aspect remains, so these are possible revenue sources. The Cabana is now a condotel, allowing you to rent out your unit for short term stays.
Currently the property is well reviewed on Trip Advisor and other travel sites, making it easier to book visits from the legions of tourists seeking a place in Waikiki.
This property would make a great home for someone who doesn't need a huge space, but wants to be in the best part of this district. For others, it could be a property for generating income. Either way, it's a great piece of real estate.
The price range of condos for sale in Cabana At Waikiki is $295K to $300K with a median price of $299K and median interior of 365sqf.
The median price of condos sold in Cabana At Waikiki year-to-date (Jan - Oct 26, 2016) is $289K. In previous years it was $273K (2015), $300K (2014), $214K (2012), $212K (2011), $236K (2010).
2 condos have sold in Cabana At Waikiki year-to-date (Jan - Oct 26, 2016). In previous years, the total number of condos sold were 2 (2015), 1 (2014), 3 (2012), 11 (2011), 4 (2010).
On average Cabana At Waikiki condos were on the market for 130 days before they were sold (Jan - Oct 26, 2016). In previous years it was 22 days (2015), 59 days (2014), 25 days (2012), 221 days (2011), 105 days (2010).
The total dollar volume of condos currently for sale in Cabana At Waikiki is $894K and the sold dollar volume year-to-date (Jan - Oct 26, 2016) is $578K. In previous years sold dollar volume was $547K (2015), $300K (2014), $568K (2012), $2.41M (2011), $949K (2010).
The most recent sale in Cabana At Waikiki was a condo located at #402 , sold for $290K on Aug 01, 2016. It had 365sqf of interior. 9 other recent sales include: #303 (365sqf) sold for $288K on 3/24/2016. #204 (365sqf) sold for $290K on 12/14/2015. #205 (365sqf) sold for $257K on 4/24/2015. #301 (365sqf) sold for $300K on 8/11/2014. #101 (157sqf) sold for $129K on 12/28/2012. #404 (365sqf) sold for $214K on 8/6/2012. #202 (365sqf) sold for $225K on 3/15/2012. #305 (365sqf) sold for $207K on 9/1/2011. #203 (365sqf) sold for $215K on 8/18/2011.
In Cabana At Waikiki there is currently 3 fee simple units for sale.
There is 3 x 1 bedroom floor plans.
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The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 22, 2016. Information is deemed reliable but not guaranteed.