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Waikiki Banyan #2902-I (Waikiki)

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201 Ohua Ave #2902-I, Honolulu

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Description
This high-floor unit in the Waikiki Banyan Tower-1 offers partial ocean view from lanai and is just minutes away from Waikiki Beach, premier shopping, and fine dining. Currently enrolled in the Aqua-Aston Hotel Rental Program, this unit provides a perfect balance of personal use and investment income. It is in great condition, thanks to daily maid service and maintenance provided by the hotel rental program. Elevator modernization and renovation of the amenity deck on the 6th floor are in progress, without assessments. Fire sprinklers and recently installed new DWV piping system throughout the building add to the overall value and peace of mind. While the unit comes with the sandwich lease ($52.20 per month), it will end in November 2035, after which the property will be 100% fee simple property. This is an incredible opportunity to own a property with excellent rental potential and long-term value. Don't miss out on this exceptional opportunity!
Recent Activity
  • Nov 01, 2024 Price $779,000
  • Oct 01, 2024 Price $799,000
  • Sep 10, 2024 Listed at $819,000
Past Sales
  • #T2-709: 1 Bd | 1 Ba @ $610K (12/13/24)
  • #2713-I: 1 Bd | 1 Ba @ $835K (12/4/24)
  • #Makai 3707: 1 Bd | 1 Ba @ $900K (11/29/24)
  • #T1-2904: 1 Bd | 1 Ba @ $725K (11/6/24)
  • #2511: 1 Bd | 1 Ba @ $200K (10/31/24)
  • #3413: 1 Bd | 1 Ba @ $891K (10/25/24)
  • #T2-1011: 1 Bd | 1 Ba @ $688K (10/22/24)
  • #T2 #1814: 1 Bd | 1 Ba @ $750K (10/15/24)
  • #2-813: 1 Bd | 1 Ba @ $710K (10/10/24)
  • #3205-I(NUC): 1 Bd | 1 Ba @ $853K (9/30/24)
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.45
  • Price / ft²: $1,462
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Year Remodeled: 2009
  • 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: Above Average
  • Owner Occupancy: 10%
  • Management Company: Hawaiiana
  • Security Features: Security Patrol, Video
  • Amenities: BBQ, Community Laundry, Condo Association Pool, Fire Sprinkler, Patio/Deck, Playground, Recreation Area, Resident Manager, Sauna, Security Guard, Tennis Court, Trash Chute, Whirlpool
  • TMK: 1-2-6-25-5-306
  • Tax Assessed Land: $112,500
  • Tax Assessed Improvements: $651,700
  • Tax Assessed Total: $764,200
  • Courtesy: Map Vision Inc. / (808) 971-0101
  • MLS: 202420582
Ask George a Question
Good to Know
  • 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.

Per Bill 41 (CO 22-07), all Waikiki Banyan units are now allowed to do short-term renting, even the ones that don’t have a NUC, as long as an owner registers their unit for short-term renting (see process here).

Waikiki Banyan is a 2 tower property, located at the Di  .....
Read more.

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 21, 2024.Information is deemed reliable but not guaranteed.
Other Waikiki Banyan Listings
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$770,000
Waikiki Banyan #1806-T2
1 Bd | 1 Ba
533 ft²
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$788,000
Waikiki Banyan #1803-T1
1 Bd | 1 Ba
533 ft²
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$768,000
Waikiki Banyan #1108-T2
1 Bd | 1 Ba
533 ft²
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$745,000
Waikiki Banyan #1605-I
1 Bd | 1 Ba
533 ft²
Other Condotels
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$825,000
Ilikai Marina #890
1 Bd | 1 Ba
651 ft²
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$720,000
Pacific Monarch #1607
1 Bd | 1 Ba
443 ft²
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$900,000
Luana Waikiki #1607
1 Bd | 1 Ba
588 ft²
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$650,000
Waikiki Grand Hotel #609
Studio | 1 Ba
255 ft²
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$600,000
Marine Surf Waikiki #403
Studio | 1 Ba
392 ft²
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$598,000
Regency On Beachwalk #55
1 Bd | 1 Ba
494 ft²
  • Asking Price: $779,000
Description
This high-floor unit in the Waikiki Banyan Tower-1 offers partial ocean view from lanai and is just minutes away from Waikiki Beach, premier shopping, and fine dining. Currently enrolled in the Aqua-Aston Hotel Rental Program, this unit provides a perfect balance of personal use and investment income. It is in great condition, thanks to daily maid service and maintenance provided by the hotel rental program. Elevator modernization and renovation of the amenity deck on the 6th floor are in progress, without assessments. Fire sprinklers and recently installed new DWV piping system throughout the building add to the overall value and peace of mind. While the unit comes with the sandwich lease ($52.20 per month), it will end in November 2035, after which the property will be 100% fee simple property. This is an incredible opportunity to own a property with excellent rental potential and long-term value. Don't miss out on this exceptional opportunity!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 21, 2024.Information is deemed reliable but not guaranteed.
    • Nov 01, 2024 Price $779,000
    • Oct 01, 2024 Price $799,000
    • Sep 10, 2024 Listed at $819,000
    • 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.

    Per Bill 41 (CO 22-07), all Waikiki Banyan units are now allowed to do short-term renting, even the ones that don’t have a NUC, as long as an owner registers their unit for short-term renting (see process here).

    Waikiki Banyan is a 2 tower property, located at the Di  .....
    Read more.

    Other Waikiki Banyan Listings
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    $770,000
    Waikiki Banyan #1806-T2
    1 Bd | 1 Ba
    533 ft²
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    $788,000
    Waikiki Banyan #1803-T1
    1 Bd | 1 Ba
    533 ft²
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    $768,000
    Waikiki Banyan #1108-T2
    1 Bd | 1 Ba
    533 ft²
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    $745,000
    Waikiki Banyan #1605-I
    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. However, the sale is still 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.