Seize a unique opportunity at Island Colony, a premier condo-hotel in vibrant Waikiki! This fully renovated 22nd-floor unit, designed with flair, boasts a stunning ocean view, plus mountain, city, and canal vistas—all for under $400,000. Legally zoned for short-term rentals, it’s perfect for generating positive cash flow when you’re not enjoying Hawaii. Stay anytime, rent it otherwise—a dream for buyers seeking both a personal paradise and income. Centrally located, it’s a 5-minute walk to the International Market Place, Royal Hawaiian Shopping Center, and Waikiki Beach. The 6th-floor amenity deck offers a pool, hot tub, sauna, fitness room, BBQ grills, and convenience store. Recently upgraded with new drain lines, fire sprinklers, and a new split AC, this unit blends modern comfort with safety. Actively running as a short-term rental, it’s tailored for those wanting to own a piece of Waikiki while earning revenue. Don’t miss this rare gem combining luxury, location, and profitability!