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MLS: 202603857 (Active - For Sale)Condo: Palms At Waikiki #220
 
Asking Price: $365,000 FS - Fee Simple
Type: Condominium
District: Metro
Address: 1850 Ala Moana Boulevard, Honolulu, HI
Maintenance Fee: 723.00
Neighborhood: Waikiki
Beds: 0   Baths: 1
Living Area: 291 SF

Amenities: BBQ,Community Association Pool,Community Laundry,Exercise Room,Patio/Deck,Pool on Property,Restauran
Days on Market: 28
Year Built: 1970
Zoning: AM - Apartment Mixed Use
Land Recorded: Land Court
Property Taxes: $400
Assessed Value: $341,000
Assessed Ratio: 107.04%
Listing Courtesy: Coldwell Banker Realty
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All Units For Sale in Palms At Waikiki


Owner financing available with low down payment and interest-only payments. Turnkey, fully furnished legal short-term rental at Palms at Waikiki on the desirable west end of Waikiki near Ala Moana Center and Waikiki Beach. Currently operating as a vacation rental with professional third-party management, offering immediate income potential. Seller fully paid off the $8,649.26 special assessment in Fall 2025. Building amenities include security patrol, a ground-floor restaurant, air-conditioned hallways, hardwired smoke detectors, and a fire sprinkler system. The maintenance fee covers central AC, electricity, internet, cable TV, water, and sewer helping simplify expenses and improving cash-flow predictability. Conveniently located near shopping, dining, the Hawaii Yacht Club, and Waikiki's weekly Friday night fireworks. Ideal for investors seeking a legal, income-producing property in one of Waikiki's most recognized short-term rental buildings.

5 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
252113603/14/200503/14/2005$151,500$151,500
271312807/13/200710/14/2007$178,000$170,000
20141995810/24/201412/24/2014$179,999$171,000
20180845704/02/201806/14/2018$230,000$220,000
20241143905/24/202408/26/2024$347,000$330,000

12 Comparable Units Sold in Palms At Waikiki (Last 12 months)
Description List Date Sold Date List Price Sold Price
0 Bed 1 Bath04/29/202505/20/2025$284,900$275,000
0 Bed 1 Bath11/19/202512/29/2025$298,000$295,000
0 Bed 1 Bath11/07/202502/24/2026$299,000$290,000
0 Bed 1 Bath08/22/202510/23/2025$300,000$285,000
0 Bed 1 Bath02/24/202511/20/2025$315,000$295,000
0 Bed 1 Bath12/13/202404/11/2025$329,000$312,500
0 Bed 1 Bath01/07/202504/10/2025$334,000$330,000
0 Bed 1 Bath03/08/202506/18/2025$339,000$335,000
0 Bed 1 Bath05/07/202503/11/2026$365,000$345,000
0 Bed 1 Bath01/05/202603/06/2026$370,000$347,000
0 Bed 1 Bath03/05/202510/14/2025$385,000$365,000
0 Bed 1 Bath02/14/202501/27/2026$485,000$470,000
Average Price:  $328,708

 
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Copyright: 2015 by the HiCentral MLS, Ltd.
 
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