$460,000
Fee Simple
Original List Price: $480,000 Days On Market: 76
Unit Information
Bedrooms:
Studio Apartment
Living Area:
557 SF
Parking:
NA
Baths:
1 Full
Lanai:
0 SF
Condition:
Excellent
Total SF:
557 SF
View:
City
Listing Agent Remarks:
"this is a lovely fully furnished large studio close to waikiki beach and has been used only barely as a second/vacation home. it has not been rented for years. formerly known as the trump tower waikiki, the property has been newly rebranded as ""ka lai waikiki beach,"" and is part of the lxr hotels & resorts, a hilton luxury brand, who is upgrading this five star property to the next level. the exceptionally low property tax rate is due to the current 'dedication for residential use,' which allows for rental terms of 30+ days. if you rent as a short-term rental (less than 30-day rental terms) then the property tax rate will revert to the higher hotel/resort property tax rate. if the buyer intends to rejoin the hotel rental program, then this unit's complete renovation package is estimated to cost $120-140k. the $1,020.07/mo 'other fees' is the special assessment that ends in december 2025 and pays for the common-area renovation upgrades. ~ make this your perfect second home, principal residence in paradise, or vacation getaway." ~
hawaii living llc
Maintenance Fee pays for: Cable TV, Hot Water, Internet Service, Sewer, Water
Maint. Fee/Interior SF: $3.65/sf
Maint. Fee/Total SF: $3.65/sf
Additional Information
Flooring: Marble/Granite, Wall to Wall Carpet Unit Features: Central AC, Full Bath on 1st Floor, Single Level Furnished: Full Disclosures: Property Disclosure Statement - Attribution Contact (808) 943-9000 Parking Features: 0 stall(s), None
Typical Loan Options and Down Payment Requirements:
Lodging unit/Condotel: 100% down - Lenders are currently not lending on studios without a full kitchen (hotel rooms)
Condotel unit with Full Kitchen: 30% down with minimum credit score of 680
The above active listing information is based on information from the Multiple Listing Service of the Hicentral MLS, Ltd. Active listings last updated on 4/28/2024. Information is deemed reliable but not guaranteed. The information has not been verified by HIcondos.com or it's associates and should be verified by the buyer. Copyright: 2024 by the Hicentral MLS, Ltd. more.