Rare opportunity to own a newly renovated, turn-key legal short-term rental with deeded parking in one of Waikiki's most desirable resort locations, offering the perfect blend of investment performance and personal vacation use. High-floor Unit 1022 features a spacious studio layout with a private lanai showcasing sweeping 180-degree views of Diamond Head, the ocean, and the Waikiki skyline-an experience that consistently attracts guests and enhances rental demand. The bright interior highlights modern finishes, updated flooring, stylish furnishings, and an efficient open design that maximizes comfort and guest satisfaction. Located just 1 block from the beach, with shopping, dining, and entertainment nearby, this prime location supports strong year-round occupancy. The unit also features a custom hand-painted mural by local artists, adding memorable island character that helps the unit stand out in the rental market. Owners/guests enjoy boutique-style amenities including refreshed common areas, pool, BBQ, fitness center, on-site laundry, front desk services,& 24-hour security, making this an exceptional opportunity for investors seeking income potential with lifestyle flexibility.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Bedroom on Main Level
- Full Bath on Main Level
- Handicap Access
- Flooring: Vinyl
Heating and Cooling
- Cooling Features: Central Air
Garage and Parking
- Parking Features: Covered, One Space
- Parking Total: 1
Home Features
- View: Coastline, City, Mountain(s), Ocean, Sunrise
- Security Features: Fire Sprinkler System, Security Guard
Homeowners Association
- Association Amenities: Concierge
- Association Fee Includes: Common Areas, Cable TV, Electricity, HVAC, Hot Water, Internet, Sewer, Water
- Maintenance Expense: 782.99
Amenities and Community Features
- Community Features: Barbecue, Concierge, Community Pool, Deck/Porch, Fitness, Patio, Recreation Area, Condo Hotel Community
Other Property Info
- Annual Tax Amount: 2912
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Inclusions: AC Central,Cable TV,Drapes,Kitchenware,Linens,Microwave,Refrigerator,Smoke Detector
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: WAIKIKI
- Parcel Number: 1-2-6-012-003-0228
- Postal City: Honolulu
- Subdivision: WAIKIKI
- Zoning Description: AM - Apartment Mixed Use
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 315
- Year Built: 1970
- Building Area Total: 356
- Building Name: Palms At Waikiki
- Construction Materials: Masonry, Concrete, Stucco
- Entry Level: 10
- Levels: One
- Property Age: 56
- Property Condition: Excellent, Updated/Remodeled
- Levels or Stories: One
- Year Built Effective: 2024
- Architectural Style: High Rise