Bought with Island Life Homes
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Key Details
Sold Price $888,888
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 533 sqft
Price per Sqft $1,667
Subdivision Waikiki
MLS Listing ID 202402833
Sold Date 02/21/24
Style High Rise
Bedrooms 1
Full Baths 1
Construction Status Excellent,Good Condition
HOA Fees $774
HOA Y/N No
Year Built 1977
Annual Tax Amount $2,264
Property Description
Nestled in Waikiki, the Banyan offers luxury living with ocean views, modern interiors, and a secure, well-managed setup. This vacation rental has performed with prime short-term returns, making it an ideal investment. Steps from Waikiki Beach, it balances serenity with vibrant city life. Meticulously designed units maximize ocean panoramas on the 34th floor, ensuring a seamless indoor-outdoor experience. With elegant interiors blending soon-to-be modern amenities and Hawaiian charm, the Banyan offers comfort and relaxation. The property, managed by dedicated professionals (Midway Realty), boasts advanced security and maintenance services, ensuring a stable investment. Ideal for investors, the Banyan attracts vacationers with its prime location, stunning views, deeded parking stall, and the ability to create nearly $2 million in revenue (Parking Structure) to help fund large projects and keep the maintenance fees reasonable ensuring consistent returns. In the heart of Waikiki, the Banyan is a symbol of island living, inviting investors and seekers of dream getaways to experience the best of Waikiki's vibrant lifestyle. MFs include all utilities like electricity and internet.
Location
State HI
County Oahu
Community Barbecue, Deck/Porch, Laundry Facilities, Playground, Patio, Pool, Recreation Area, Restaurant, Sauna, Tennis Court(S), Trash Chute
Area Metro
Interior
Flooring Carpet, Ceramic Tile
Furnishings Furnished
Fireplace No
Exterior
Garage Garage, Unassigned
Community Features Barbecue, Deck/Porch, Laundry Facilities, Playground, Patio, Pool, Recreation Area, Restaurant, Sauna, Tennis Court(s), Trash Chute
View Y/N Yes
View City, Ocean
Parking Type Garage, Unassigned
Total Parking Spaces 1
Building
Entry Level One
Architectural Style High Rise
Level or Stories One
New Construction No
Construction Status Excellent,Good Condition
Schools
Elementary Schools Jefferson
Middle Schools Washington
High Schools Kaimuki
Others
HOA Fee Include Common Areas,Cable TV,Electricity,Hot Water,Internet,Sewer,Water
Tax ID 1-2-6-025-005-0816
Security Features Closed Circuit Camera(s),Key Card Entry,Fire Sprinkler System,Security Guard
Financing 1031 Exchange
Special Listing Condition None
Pets Description Call
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