The Ilikai has anchored the Honolulu skyline since 1964, one of the few Waikiki buildings still licensed for legal daily vacation rentals in a market where new short-term rental permits are nearly impossible to obtain. Unit 601 is a fully remodeled 500 square foot one bedroom, one bath, listed at $645,000. The renovation strips the space to clean lines and natural light: new kitchen, new bath, finishes built to hold up under daily guest turnover without losing the feel of a home. For a portfolio, that combination is rare: a legally operating nightly rental in a landmark building, sized to run efficiently, priced to pencil. Building amenities include a resort pool, on site dining, and direct access to the marina, Ala Moana, and Waikiki Beach. Whether held as a personal Honolulu base or run as a short-term rental, 601 offers what few Ilikai units can: legal standing, current numbers, and a location guests respond to. Rental income potential is not guaranteed; buyer to independently verify permit status, HOA rules.
| MLS # | 202601290 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Building Name | Ilikai Apt Bldg |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 213 |
| Listing Provided By | Agora Hawaii | Paul D Sebastian |
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 500 |
| Pool | Yes |
| Zoning | X6 - Resort Mixed Use Precinct |
| Property View | City |
| Construction Materials | Concrete |
|---|
| Inclusions | AC Central, Cable TV, Dishwasher, Disposal, Drapes, Kitchenware, Linens, Microwave Hood, Other, Range/Oven, Refrigerator |
|---|
| Community Features | Concierge, Conference Meeting Room, Deck Porch, Laundry Facilities, Patio, Pool, Recreation Area, Restaurant, Trash Chute |
|---|---|
| Security Features | Key Card Entry, Fire Sprinkler System, Security Guard |
| Property | 4540 |
|---|
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96815 |
| Area | Oahu |
| Community Name | WAIKIKI |
| Listing VS Median (in WAIKIKI) | |
Price: $645,000 low | high Med: $449,000 sqft: 500 low | high Med: 546 $ / sqft: $1,290 low | high Med: $822 On site: 213 low | high Med: 283 | |
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96815 |
| Area | Oahu |
| Community Name | WAIKIKI |
| Listing VS Median (in WAIKIKI) | |
Price: $645,000 low | high Med: $449,000 sqft: 500 low | high Med: 546 $ / sqft: $1,290 low | high Med: $822 On site: 213 low | high Med: 283 | |