Latest Waikiki condos for sale
Malia L. Meenderman
B, R – AHWD, GRI, e-Pro -rb18199
I have been selling Hawaii real estate since 2000, 15+ years and i am the broker in charge of real estate company Hawaii House ®.
I go the extra step for my clients, ranging from first time home buyers to Real estate investors and fortune 500 companies for commecial real estate and investment portfolios. Please give me a call to discuss your Waikiki real estate needs and experience my heroic service.
Cell phone: (808) 349-1292 | email
Living in Waikiki - Honolulu real estate
Did you know that;
- Waikiki is almost completely surrounded by water
- There is only one oceanfront condominium building in Waikiki, the Waikiki Shore.
Waikiki hardly needs much of an introduction. When people think about Hawaii one of the first places they think of is Waikiki with its sunny weather, beautiful beaches and gentle surf. Millions of visitors come here each each year. With its popularity you would think Waikiki is its own city. It is in fact only a neighborhood in Honolulu. Waikiki is distinct separated from the the rest of Honolulu by the Ala Wai Canal, Kapiolani Park and the ocean. Within these confines exists many hotels, shopping malls, restaurants, condos and even occasionally the single family homes.
Visitors and locals enjoy coming to Waikiki to enjoy the surf, shopping and restaurants. Visiting Waikiki is nice but it is even better to live there. This neighborhood is dense despite its size, no matter when you are in Waikiki, you are likely less than 5 blocks from the ocean. Within that space is a diverse number of condos for sale. There is ultra luxury and new to tiny walk-ups. Each street can have its own flavor.
While there is so much ocean and beach frontage, The vast majority of the buildings on water are hotels. In fact the condo on the beach in Waikiki is the Waikiki Shore which is operated as a hotel. the others that are nearly there include Foster Tower and Ilikai Apartments. There are other condos that will presently have unobstructed ocean views. Mostly those are in the upper floor of certain condos.
Many of the Waikiki condominium buildings were built during the 1960’s and 1970’s there are a few newer condos such as the Trump Waikiki, the Watermark, Loft at Waikiki, Allure Waikiki, Lanikea at Waikiki and the Cove Waikiki. There are also a couple of condos currently under construction like the Ritz-Carlton Waikiki and future projects like 133 Kaiulani.
There are quite a few condos in Waikiki that are considered condotels. About condotels
Condotels are individually owned and then put into a hotel pool. Usually there is one main hotel operator. Some of the more well known operators at Outrigger and Aqua Resorts. This situation is ideal for people that are wanting a second home for vacations. This allows people to use the unit for their vacation and then earn money through renting the room in a hotel pool. The zoning for these buildings allow for short-term renting. The residential buildings do not allow for short day to day rentals.
Financing a condotel can be a little challenge. There is more cash required to be put down than with a normal residential condominium. There may be local lenders that will be able to lend on different condotels.
Property taxes are generally higher for a condotel. Because of the properties zoning, the property taxes are generally set at rates for hotel and resort properties. Other taxes that are required to be paid off of short hotel room stays are the Transient Accommodation Tax (TAT) and the General Excise Tax (GET).
Some of the well-known condotels are:
Waikiki Beach hotel
Aloha Surf hotel
Palms at Waikiki
Regency on Beachwalk