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Monday, March 18, 2013

A beachfront condo in Waikiki

When I first inquired about this one-bedroom condo at the Waikiki Shore that listed almost a month ago, it was so hot as a vacation rental, realtor Kimo Smigielski of Sandwich Isles Realty couldn’t even get into the unit to photograph it.

“We only had a window of three days when it was not booked to have showings and do the photo shoot,” says Smigielski. “This property is the only true beachfront condominium in Waikiki. It’s an extremely popular option for investors because of the high demand and high occupancy rates.”

The building, which is managed by Outrigger Hotels, is located next to Fort deRussy, so the 124-square-foot lanai doesn’t overlook any big high-rises, just greenery, a walking path and ocean views.

Smigielski went on to tell me the savings can be upwards of 30 percent more money in an owner’s pocket if they have their units managed by an outside vendor.

Recently renovated, the 743-square-foot, second-floor unit has an open floor plan and a wall of windows and sliding-glass doors that make the space airy and bright. For those hot and sticky days, new split air conditioning has been installed. Click here for details.

The maintenance fee, which includes gas (it’s rare to find a gas range in town!), water and sewer, is low: $350 a month. Also, attractive to potential renters, the condo has an in-unit stacked washer/dryer.

No parking is included with the unit, but if you’re planning to use it as a vacation rental, chances are your renters will be soaking up the sun on the beach rather than spending their time in a car.

Money talk: $925,000 fee simple
Contact: Kimo Smigielski, Sandwich Isles Realty, Inc., 808-255-2400, kimo@sandislehawaii.com
MLS#: 1301903

Posted on Monday, March 18, 2013 in Permalink

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About This Page

Honolulu Real Estate focuses on the Hawaii housing market, condos and homes for sale, Hawaii rentals and general news about real estate in Hawaii. It also includes stories on apartment living, home decor and profiles.

Melissa Chang graduated from the University of Hawaii with a degree in journalism and has been blogging since 2007, mostly on food and travel. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.


Jaymes Song is a real estate agent at Prudential Advantage Realty in Kahala. Jaymes is in the top 7 percent of Prudential agents nationwide. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawaii and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job of being dad to two curious kids.

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