Seize a unique opportunity at Island Colony, a premier condo-hotel in vibrant Waikiki! This fully renovated 22nd-floor unit, designed with flair, boasts a stunning ocean view, plus mountain, city, and canal vistas—all for under $400,000. Legally zoned for short-term rentals, it’s perfect for generating positive cash flow when you’re not enjoying Hawaii. Stay anytime, rent it otherwise—a dream for buyers seeking both a personal paradise and income. Centrally located, it’s a 5-minute walk to the International Market Place, Royal Hawaiian Shopping Center, and Waikiki Beach. The 6th-floor amenity deck offers a pool, hot tub, sauna, fitness room, BBQ grills, and convenience store. Recently upgraded with new drain lines, fire sprinklers, and a new split AC, this unit blends modern comfort with safety. Actively running as a short-term rental, it’s tailored for those wanting to own a piece of Waikiki while earning revenue. Don’t miss this rare gem combining luxury, location, and profitability!
Built: 1979, 43 Floors with 745 Units, Studio & 1BR, Pets: No.
Amenities: Pool, Sauna, BBQ Area, Recreation Deck.
Short-term Vacation Renting: Allowed.
Island Colony, a condotel at Ala Wai Blvd and Seaside Ave in central Waikiki with community laundry and commercial spaces, sits in a vibrant location ideal for enjoying the area’s attractions.
Units
Studios and 1BRs, compact for vacationers, feature large lanais with some higher floor units boasting great ocean views.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 06, 2026.Information is deemed reliable but not guaranteed.
Seize a unique opportunity at Island Colony, a premier condo-hotel in vibrant Waikiki! This fully renovated 22nd-floor unit, designed with flair, boasts a stunning ocean view, plus mountain, city, and canal vistas—all for under $400,000. Legally zoned for short-term rentals, it’s perfect for generating positive cash flow when you’re not enjoying Hawaii. Stay anytime, rent it otherwise—a dream for buyers seeking both a personal paradise and income. Centrally located, it’s a 5-minute walk to the International Market Place, Royal Hawaiian Shopping Center, and Waikiki Beach. The 6th-floor amenity deck offers a pool, hot tub, sauna, fitness room, BBQ grills, and convenience store. Recently upgraded with new drain lines, fire sprinklers, and a new split AC, this unit blends modern comfort with safety. Actively running as a short-term rental, it’s tailored for those wanting to own a piece of Waikiki while earning revenue. Don’t miss this rare gem combining luxury, location, and profitability!
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 06, 2026.Information is deemed reliable but not guaranteed.
Built: 1979, 43 Floors with 745 Units, Studio & 1BR, Pets: No.
Amenities: Pool, Sauna, BBQ Area, Recreation Deck.
Short-term Vacation Renting: Allowed.
Island Colony, a condotel at Ala Wai Blvd and Seaside Ave in central Waikiki with community laundry and commercial spaces, sits in a vibrant location ideal for enjoying the area’s attractions.
Units
Studios and 1BRs, compact for vacationers, feature large lanais with some higher floor units boasting great ocean views.
You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000. Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
Other fees could be a special assessment, reserve contributions etc.
DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
