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$399,000$419,000 price reduced
WAIKIKI · Honolulu · 96815 · MLS 202614653
Experience elevated island living and exceptional investment potential at this beautifully renovated studio in Island Colony, a LEGAL short-term rental in the heart of Waikiki. A full renovation completed in December 2024, this turnkey residence showcases contemporary, tasteful finishes and an oversized private lanai—perfect for relaxing and enjoying the tropical island breeze. Operating as a brand-new vacation rental, this exceptional unit has consistently ranked in the top 1% of listings on its rental platform, making it a premier income-producing opportunity.
Island Colony offers an impressive collection of resort-style amenities, including a swimming pool, sauna, fitness center, BBQ area, community laundry, a convenience store, and 24-hour security. Ideally located just moments from world-famous Waikiki beach. Contact the listing agent today to schedule a showing!
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Listed by Fortune Hawaii Realty LLC
Information is from the Honolulu MLS and sources deemed reliable but is not guaranteed. Square footage, lot size, taxes, permits, and land tenure should be independently verified. Not a solicitation of property already listed.
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Before you offer
We’ll pull the comparable sales on this street and tell you where this price really sits — before you write.
Similar home type and price in Honolulu.
Get to know the area
Resort energy, deep condo inventory, and a market that changes building by building.
Read the guide →Know the property
The history, public records, and mapped conditions behind this home.
Honolulu MLS · Reported tax & assessment values
Assessed value is for tax purposes and may differ from market value. Exemptions and prior taxes may not reflect your future tax bill. Verify current figures with Honolulu RPAD.
Land use
Apart
Apartment Precinct (Waikiki Special District)
Honolulu HOLIS · Checked Oct 23, 2026
Matched at the MLS map point. Map boundaries are approximate; confirm allowed uses, overlays, and restrictions with DPP.
Mapped conditions
Zone AE
Mapped special flood hazard area
FEMA · National Flood Hazard Layer · Checked Oct 22, 2026
Matched at the MLS map point, not the entire parcel. Flooding can occur in any zone. This map is not an insurance quote or a complete risk assessment.
HiCentral MLS via Repliers · Checked Oct 23, 2026
MLS history may be incomplete and is different from recorded deeds or transfers. Asking prices are not sale prices. Sold records appear only where MLS display rules permit.
Honolulu HOLIS · Hawaiʻi Statewide GIS · Checked Oct 19, 2026
Parcel snapshot: April 23, 2026. The master parcel may include multiple units. Its area is not this home’s interior or exclusive land area. Boundaries are not a survey.
Honolulu’s published archive covers January 2005–June 30, 2025. These are master-parcel records and may concern another unit; they do not verify this home’s permitted condition.
City & County of Honolulu · Permit archive · Checked Oct 19, 2026
Verify current permits with Honolulu DPPThe county-record link retains the property’s full CPR identifier.
See the local picture
WAIKIKI · Condos & townhomes · Fee simple · As of Oct 23, 2026
Neighborhood insights
Waikiki is an MLS neighborhood in Honolulu, grouped with Waikīkī on Oʻahu. Search and the map use this neighborhood name for listings filed there.
Sales from Oct 23, 2025 to Oct 23, 2026 · 31 eligible closings
| Period ending | Sales | Median sold price |
|---|---|---|
| Oct 23, 2026 | 31 | $540,000 |
Previous comparison period: Oct 23, 2024–Oct 23, 2025 (0 closings). Medians and comparisons need at least five reported observations per metric. Missing dates, prices, sizes, and DOM remain unavailable. Inventory is a current snapshot. Each MLS number is counted once; withdrawn, canceled, and expired listings are excluded.
HiCentral MLS via Repliers · Publicly displayable listings only · Checked Oct 23, 2026
MLS neighborhood boundaries differ from Census tracts. Market figures compare the same property class and land tenure, cover eligible MLS listings only, and are not an appraisal or an official HBR market report.
A closer look
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Preliminary estimate, not an appraisal. Market accuracy has not yet been independently validated.
Source: Repliers / LiveBy. Ratings use a 1–5 scale. Mapped attendance boundaries do not guarantee enrollment; confirm with the school. Unrated schools have no assumed score.
Google Maps opens with this home, your destination and travel mode. Check traffic and schedules at your intended travel time.
FEMA flood-zone information appears in Property Insights. The sea level rise check below uses a separate state map. Neither is a numerical climate-risk score.
Explore climate information on First Street ↗A map-pin check does not determine whether the full parcel is within the exposure area or complete a seller disclosure. Review the official map and disclosure with your agent.
