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Waikiki Banyan #1404-T1 (Waikiki)

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201 Ohua Ave #1404-T1, Honolulu

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Description
Please take advantage of this great investment opportunity to own a legal short term vacation rental unit with a partial ocean view from lanai and one unassigned parking. Conveniently located near the heart of Waikiki, you can walk to the beach or experience a plethora of dining and shopping options. This unit is FEE SIMPLE, no remaining Sandwich Lease and has a (NUC) Non-confirming Use Certificate for daily rentals. Seller currently runs a legal short term rental with sellers brokerage firm. Fully furnished unit with complete kitchenware and extra beddings, ready for your short term vacation rental business. New owner can expect cashflow right after closing as the unit is booked out already several months in advance. Special Assessment: $239 will end 12/2023
Past Activity
  • Feb 15, 2024 Sold for $718,000
  • Jan 04, 2024 Under Contract
  • Dec 12, 2023 Price $735,000
  • Dec 07, 2023 Listed at $745,000
  • Oct 26, 2022 Sold for $645,000
  • Sep 24, 2022 Under Contract
  • Sep 22, 2022 Listed at $610,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.68
  • Price / ft²: $1,289
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Mountain, Ocean
  • Furnished: Full
  • Property Condition: Excellent
  • Owner Occupancy: 10%
  • Management Company: Hawaiiana
  • Security Features: Security Patrol, Video
  • Amenities: BBQ, Community Laundry, Condo Association Pool, Fire Sprinkler, Playground, Recreation Area, Resident Manager, Sauna, Security Guard, Tennis Court, Whirlpool
  • TMK: 1-2-6-25-5-98
  • Tax Assessed Land: $109,000
  • Tax Assessed Improvements: $530,900
  • Tax Assessed Total: $639,900
  • Courtesy: Damon HI Pac Intl Prop LLC / (808) 468-1838
  • MLS: 202326584
About Waikiki Banyan
  • Address: 201 Ohua Ave, Honolulu, HI 96815.
     
  • Built: 1977, 876 Units and 2 37-Floor Towers, 1 BR Floor Plans, Pets: OK (verify).
     
  • Amenities: Pool, Whirlpool, Sauna, BBQ Area, Tennis Court, Putting Green, Children’s Playground, Community Laundry, Coffee Shop and more.

Note: For 12 months, from 1/2025 to 12/2025, each Waikiki Banyan condo unit is being assessed an additional $570.78/mo to pay for the pool deck renovation project, increases in insurance costs, and other capital improvements. The pool deck renovation project will take 10 to 12 months t  ..... Read more.


The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on March 25, 2025.Information is deemed reliable but not guaranteed.
Other Waikiki Banyan Listings
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Featured
$735,000
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$739,000
Waikiki Banyan #2902-I
1 Bd | 1 Ba
533 ft²
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$725,000
Waikiki Banyan #1005 T-2
1 Bd | 1 Ba
557 ft²
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$749,000
Waikiki Banyan #2112 Mauka
1 Bd | 1 Ba
533 ft²
Other Condotels
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$699,000
Palms At Waikiki #205
1 Bd | 1 Ba
793 ft²
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$665,000
Pacific Monarch #906
1 Bd | 1 Ba
443 ft²
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$659,000
Waikiki Sunset #905
1 Bd | 1 Ba
546 ft²
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$815,000
Ilikai Marina #890
1 Bd | 1 Ba
651 ft²
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$620,000
Hawaiian Monarch #3806
1 Bd | 2 Ba
532 ft²
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Featured
$858,000
Waikiki Shore #405
Studio | 1 Ba
347 ft²
  • Sold 2/15/24 at $718,000
    (List Price: $735,000)
Description
Please take advantage of this great investment opportunity to own a legal short term vacation rental unit with a partial ocean view from lanai and one unassigned parking. Conveniently located near the heart of Waikiki, you can walk to the beach or experience a plethora of dining and shopping options. This unit is FEE SIMPLE, no remaining Sandwich Lease and has a (NUC) Non-confirming Use Certificate for daily rentals. Seller currently runs a legal short term rental with sellers brokerage firm. Fully furnished unit with complete kitchenware and extra beddings, ready for your short term vacation rental business. New owner can expect cashflow right after closing as the unit is booked out already several months in advance. Special Assessment: $239 will end 12/2023
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on March 25, 2025.Information is deemed reliable but not guaranteed.
    • Feb 15, 2024 Sold for $718,000
    • Jan 04, 2024 Under Contract
    • Dec 12, 2023 Price $735,000
    • Dec 07, 2023 Listed at $745,000
    • Oct 26, 2022 Sold for $645,000
    • Sep 24, 2022 Under Contract
    • Sep 22, 2022 Listed at $610,000
    • Address: 201 Ohua Ave, Honolulu, HI 96815.
       
    • Built: 1977, 876 Units and 2 37-Floor Towers, 1 BR Floor Plans, Pets: OK (verify).
       
    • Amenities: Pool, Whirlpool, Sauna, BBQ Area, Tennis Court, Putting Green, Children’s Playground, Community Laundry, Coffee Shop and more.

    Note: For 12 months, from 1/2025 to 12/2025, each Waikiki Banyan condo unit is being assessed an additional $570.78/mo to pay for the pool deck renovation project, increases in insurance costs, and other capital improvements. The pool deck renovation project will take 10 to 12 months t  ..... Read more.


    Other Waikiki Banyan Listings
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    Featured
    $735,000
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    $739,000
    Waikiki Banyan #2902-I
    1 Bd | 1 Ba
    533 ft²
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    $725,000
    Waikiki Banyan #1005 T-2
    1 Bd | 1 Ba
    557 ft²
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    $749,000
    Waikiki Banyan #2112 Mauka
    1 Bd | 1 Ba
    533 ft²
     
    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.
    Learn about property tax rates.