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$2,488,000
WAIKIKI · Honolulu · 96815 · MLS 202617592
This rare, double-unit legal vacation rental boasts a proven track record, generating an average annual gross income of approximately $247,000. You are investing in a property and a cash cow with a ROI in 10-12 years, plus continuous property appreciation. Two adjoining suites seamlessly interconnected into a single space. Live in one side and rent out the other, or Airbnb the entire sprawling two-bedroom, two-bathroom property. Everything comes in twos: two bedrooms, two bathrooms, two kitchens (a full kitchen & a wet bar), two balconies that stare directly into the Pacific Ocean below, two brand-new Mitsubishi split AC systems, two entertainment areas, and two uniquely independent suites. The interior finishes and colors are designed for durability in high-traffic short-term rentals. Cabinetry and sliding glass doors were exclusively designed, custom-crafted and imported. The residence brings Manhattan sophistication to Waikiki Beach, featuring 1,000 sq ft of interior and a 240 sq ft balcony. Set within the iconic Ilikai, this residence occupies a legendary Waikiki oceanfront landmark-one of just two private condominium buildings that grant direct beach access.
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Mortgage News Daily ↗ · Sep 4, 2026 · checking for updates
National index, adjusted for points; not an APR, zero-point quote, or Hawaiʻi lender offer.
Low-down-payment programs have eligibility requirements. High-balance and jumbo pricing may differ from the national conforming benchmark.
Use two quotes from the same lender: without points and with points. Points do not buy a fixed rate reduction. This models a permanent buydown, not a temporary 2-1 subsidy.
$0 estimated interest saved · 0 months sooner
Payoff in 30 years, 0 months.
Assumes the same fixed rate and extra payment every month from the first payment. Taxes, insurance and fees are separate.
Closing costs and prepaids start at 0 and must be entered for a fuller cash estimate. Subtotal is before earnest-money deposits and approved credits.
Estimated monthly payment · year one
Conventional · 30 years · 6.89% interest
Includes down payment, cash-paid upfront fees, points and entered closing costs/prepaids. Before deposits and credits; not final cash to close.
Placyn Homes and Placyn Homes do not provide a Loan Estimate, rate lock, credit decision, or guarantee of payment through this tool. Rates are national benchmarks or your inputs, not APRs or personalized quotes. Actual rates, points, loan limits, fees and eligibility depend on your lender, credit, income, occupancy, entitlement, property and appraisal.
Models fixed-rate purchase financing for a one-unit home. FHA rules shown are standard forward-loan rules, not Hawaiian Home Lands or other special programs. VA/FHA selection does not establish eligibility. Taxes, insurance, HOA fees, ground rent and assessments may change; omitted or zero costs are excluded. FHA MIP is a year-one estimate and can change; conventional PMI cancellation is subject to lender and servicing rules. Upfront cash is a subtotal, not a closing disclosure. Verify all terms, costs, coverage and credits with a licensed lender, insurer and escrow professional before making a financial decision.
Loan rules: VA · HUD / FHA · CFPB points guide
Listed by Compass · (808) 825-4277
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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Resort energy, deep condo inventory, and a market that changes building by building.
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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
ResMix
Resort Mixed Use Precinct (Waikiki Special District)
Honolulu HOLIS · Checked Oct 24, 2026
Matched at the MLS map point. Map boundaries are approximate; confirm allowed uses, overlays, and restrictions with DPP.
Mapped conditions
Zone X
Mapped outside a special flood hazard area
AREA OF MINIMAL FLOOD HAZARD
FEMA · National Flood Hazard Layer · Checked Oct 24, 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 24, 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 17, 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 17, 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 24, 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 24, 2025 to Oct 24, 2026 · 33 eligible closings
| Period ending | Sales | Median sold price |
|---|---|---|
| Oct 24, 2026 | 33 | $525,000 |
Previous comparison period: Oct 24, 2024–Oct 24, 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 24, 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.
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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.
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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.
