Anyone that enjoys sun and surf usually has Honolulu and Waikiki Beach at the top of their list of vacation destinations. And why not?
Arguably the most beautiful city in the Pacific Rim, you get all that, plus world class shopping on a par with Beverly Hills and Rodeo Drive, exciting restaurants and nightlife (I dare you to say that being in an open air nightclub with Tiki Torches all around you is boring!!), and on top of it all – Hawaiian Aloha.
You’d like to live there full time someday, maybe retire there, but right now, you’d be thrilled to own a working condo – you know, a place to come to every couple of months or so, while the rest of the time, the property generates income for you as a vacation rental.
Waikiki Shores Opportunity
A lot of opportunity there, but it’s always wisest, I find, to choose a place that is high on other peoples’ lists too. Enter Waikiki Shore, managed by the Castle Hotel program, and the only condo building directly on Waikiki Beach – how desirable is that?
Currently, there are 8 units for sale at Waikiki Shore, 3 studios and 5 one bedrooms. The studios are a great deal, I grant you that, but as this is an income producing place, plus perhaps a retirement destination for you, I would be more inclined to choose one of the one bedroom units. It’ll be more livable on a day-to-day basis for you in the long run, and in the meantime, a one bedroom generally produces a higher income stream.
What’s the Best Unit Currently For Sale at Waikiki Shore?
Of the 5 one bedrooms currently being offered, my money is on unit #1416, a beautifully remodeled fully furnished turnkey unit that is already in the Castle Hotel rental pool (MLS# 1209371). Offered at $970,000, this unit is the epitome of breezy, Hawaiian Contemporary Condo living, with views that you just can’t get from any other building.
Heidi Farmer, R(S)
October 1, 2012
This is such a great location and view, makes me want to have a little piece of Oahu as well as Maui.
Heidi Farmer, R(S)
October 1, 2012
This is such a great location and view, makes me want to have a little piece of Oahu as well as Maui.
Erik Hinshaw, R(B)
October 2, 2012
Heidi, sounds like the perfect combo.
Erik Hinshaw, R(B)
October 2, 2012
Heidi, sounds like the perfect combo.
Tammi Grunert
October 6, 2012
Im confused! I have a client that lives there and she says there are minimum 30 day rental laws for homes and condos, yet I see it listed everywhere that people rent for 1 day to one week , Can someone inlighten me?
Tammi Grunert
October 6, 2012
Im confused! I have a client that lives there and she says there are minimum 30 day rental laws for homes and condos, yet I see it listed everywhere that people rent for 1 day to one week , Can someone inlighten me?
Erik Hinshaw, R(B)
October 7, 2012
@Tammi Since 1989 Oahu has banned rentals of less than 30 days except for a few permit holder swho were granted permits at that time. Waikiki has quite a few buildings that do have permission to do so. These are usually described as condotels. Waikiki Shores is one of these buildings. Many people rent their homes or condos illegally and that may also be what you are seeing. Does this help?
Erik Hinshaw, R(B)
October 7, 2012
@Tammi Since 1989 Oahu has banned rentals of less than 30 days except for a few permit holder swho were granted permits at that time. Waikiki has quite a few buildings that do have permission to do so. These are usually described as condotels. Waikiki Shores is one of these buildings. Many people rent their homes or condos illegally and that may also be what you are seeing. Does this help?
Brooke Derby R(S)
October 8, 2012
Love the views from this condo! I’m with Hedi, and also want my little piece of Honolulu along with the Big Island! To me the best part is the Beverly Hills shopping but better yet-its on the BEACH! I’m craving a trip to Waikiki now and think its time we meet up at an open air nightclub with Tiki Torches all around us!
Brooke Derby R(S)
October 8, 2012
Love the views from this condo! I’m with Hedi, and also want my little piece of Honolulu along with the Big Island! To me the best part is the Beverly Hills shopping but better yet-its on the BEACH! I’m craving a trip to Waikiki now and think its time we meet up at an open air nightclub with Tiki Torches all around us!
Tammi Grunert
October 13, 2012
THANK YOU , Yes it helps. Where would I find the regulations for this.
Erik Hinshaw, R(B)
October 13, 2012
Tammi,
I sent you some info in an email. Hope that helps.
Tammi Grunert
October 13, 2012
THANK YOU , Yes it helps. Where would I find the regulations for this.
Erik Hinshaw, R(B)
October 13, 2012
Tammi,
I sent you some info in an email. Hope that helps.