Unit 816 at the Palms at Waikiki offers a rare opportunity to own a legal, turnkey short-term rental with strong income history and deeded parking. One of the larger studio layouts in the building, this fully renovated unit is ready for immediate use and can be self-managed or placed into the hotel rental pool. The southeast-facing orientation captures views of Diamond Head, ocean, city Skyline, which consistently appeals to guests and supports strong nightly rates. The unit has a proven performance record, generating approximately $63,000+ in annual gross income with a 4.96-star rating, over 80 reviews, and roughly 90% occupancy. Renovated in 2020 as part of the hotel refresh program, the unit features custom upgrades that set it apart from standard inventory. Owners and guests enjoy access to quaint hotel amenities including a pool, BBQ area, fitness center, laundry facilities, front desk services, bell service, and 24-hour security. Located at the gateway to Waikiki and just blocks from Kahanamoku Beach, shopping, dining, and world-class resorts, this property offers flexibility for continued rental income, personal use, or future resale of a high-demand condotel with parking.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Bedroom on Main Level
- Full Bath on Main Level
- Handicap Access
- Flooring: Carpet, Ceramic Tile
Heating and Cooling
- Cooling Features: Central Air
Garage and Parking
- Parking Features: Assigned, Covered, One Space, Secured
- Parking Total: 1
Home Features
- View: City, Mountain(s), Ocean
- Security Features: Fire Sprinkler System
Homeowners Association
- Association Fee Includes: Common Areas, Cable TV, Electricity, HVAC, Hot Water, Internet, Sewer, Water
- Maintenance Expense: 798
Amenities and Community Features
- Community Features: Barbecue, Community Pool, Deck/Porch, Fitness, Patio, Condo Hotel Community
Other Property Info
- Annual Tax Amount: 4764
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Inclusions: AC Central,Blinds,Kitchenware,Linens,Refrigerator,Smoke Detector
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: WAIKIKI
- Parcel Number: 1-2-6-012-003-0170
- Postal City: Honolulu
- Subdivision: WAIKIKI
- Zoning Description: AM - Apartment Mixed Use
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 321
- Year Built: 1970
- Building Area Total: 363
- Building Name: Palms At Waikiki
- Construction Materials: Concrete
- Entry Level: 8
- Levels: One
- Property Age: 56
- Property Condition: Excellent, Good Condition
- Levels or Stories: One
- Year Built Effective: 2020