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Waikiki Sunset #1104
$399,000 1 Bd / 1 Ba / 564 sf

Charming 1 bedroom / 1 bathroom ...

Escrow
Waikiki Sunset #1405
$460,000 1 Bd / 1 Ba / 546 sf

Best value condotel. NON CONFOR...

Waikiki Sunset #1511
$490,000 1 Bd / 1 Ba / 546 sf

Arguably best rental program in ...

Waikiki Sunset #714
$465,000 2 Bd / 1 Ba / 604 sf

The Waikiki Sunset is a popular ...

Leasehold
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  • Address: 229 Paoakalani Ave, Honolulu, HI 96815.
  • Built in 1979, 38 Floors with 435 Units, 1 & 2BR Floor plans, Pets: OK (verify).
  • Amenities include Heated Pool, Lighted Tennis Court, Sauna, BBQ Area, Convenience Store.
  • Free Beach Ball for the kids when they check in and every room has a Playstation (fee required)!

About Waikiki Sunset
Condotels like the Waikiki Sunset condo have become more and more popular with Hawaii vacationers, due to the kitchen facilities that give them meal independence, much of the same hotel services, but often at a lower price. This attractiveness has made them equally popular with real estate investors because they can produce a good, steady income.

The Waikiki Sunset condo sits on the Diamond Head side of Waikiki, in a generally quieter area of the district. Quiet doesn't mean remote, however. You can easily walk to the Honolulu Zoo, Kapiolani Park and, most importantly, the beach in no time at all.

Being a vacation property, rather than a residence, it will be your guests who enjoy the amenities most of the time. They are crucial to your investment, though, as they are part of the sales pitch that brings business & bookings. Your Waikiki Sunset condo benefits directly from the heated pool, attractive location, central air-conditioning and front-desk services. You can even turn the management and booking over to Aston Hotels and let them handle the headaches of maintenance and dealing with vacationers.

The views are excellent, with even numbers on the ocean side and odd on the mountain side. Being separated from the beach by some large hotel structures, you usually have just partial ocean views. However, many on that side have an excellent vantage point for the always spectacular sunsets. There's also a lot to be said for looking out at the green Koolau mountains and the active city life & lights of Honolulu, too.

Two important factors you should know. First, many, but not all, units have converted to Fee Simple. Second, this building is zoned as residential now, so you must have a current NUC (Nonconforming Use Certificate) to rent daily or short-term stays. Otherwise you fall under the 30-day minimum booking restrictions.

A Waikiki Sunset condo could be an excellent way for you to invest in Waikiki real estate, giving you a piece of a vacation property that's well-known and well-reviewed online. In many ways, much of the hard work is already done for you. All you need to do now is buy in.

You may also be interested in....
Waikiki Banyan, Luana Waikiki, Ilikai Apartments, Ilikai Marina and Pacific Monarch. You can also expand to see all Waikiki condos for sale or all Honolulu condos for sale.
  • Waikiki Sunset Condos - Trends & Statistics

  • The price range of condos for sale in Waikiki Sunset is $399K to $490K with a median price of $462K and median interior of 555sf.
  • The median price of condos sold in Waikiki Sunset year-to-date (2016) is $394K. In previous years it was $410K (2015), $457K (2014), $430K (2013), $325K (2012), $375K (2011), $315K (2010), $292K (2009), $245K (2008), $258K (2007), $300K (2006), $245K (2005), $205K (2004), $177K (2003).
  • 14 condos have sold in Waikiki Sunset year-to-date (2016). In previous years, the total number of condos sold were 10 (2015), 16 (2014), 17 (2013), 17 (2012), 15 (2011), 15 (2010), 15 (2009), 31 (2008), 30 (2007), 13 (2006), 35 (2005), 28 (2004), 18 (2003).
  • On average Waikiki Sunset condos were on the market for 135 days before they were sold (2016). In previous years it was 87 days (2015), 96 days (2014), 81 days (2013), 56 days (2012), 82 days (2011), 116 days (2010), 100 days (2009), 96 days (2008), 70 days (2007), 135 days (2006), 59 days (2005), 67 days (2004), 96 days (2003).
  • The total dollar volume of condos currently for sale in Waikiki Sunset is $1.81M and the sold dollar volume year-to-date (2016) is $5.63M. In previous years sold dollar volume was $3.92M (2015), $7.41M (2014), $7.46M (2013), $5.65M (2012), $5.82M (2011), $4.36M (2010), $4.27M (2009), $8.58M (2008), $8.06M (2007), $4.23M (2006), $8.95M (2005), $6.39M (2004), $3.39M (2003).
  • The most recent sale in Waikiki Sunset was a condo located at # , sold for $350K on Oct 18, 2016. It had 604sf of interior. 9 other recent sales include: #3603 (546sf) sold for $532K on 10/17/2016. #1105 (546sf) sold for $390K on 10/3/2016. #1211 (546sf) sold for $240K on 9/6/2016. #604 (534sf) sold for $519K on 8/2/2016. #1610 (534sf) sold for $390K on 7/6/2016. #2009 (546sf) sold for $390K on 7/1/2016. #1508 (534sf) sold for $380K on 5/19/2016. #2109 (546sf) sold for $399K on 5/13/2016. #1401 (546sf) sold for $410K on 4/29/2016.
  • In Waikiki Sunset there is currently 3 fee simple and 1 leasehold units for sale. 1 of the condo has ocean views, 2 have Diamond Head views and 2 have mountain views.
  • There are 3 x 1 bedroom floor plans and 1 x 2 bedroom floor plan.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 09, 2016. Information is deemed reliable but not guaranteed.