In a building where studios trade on view and floor, unit 1514 trades on a different metric: dollars in versus dollars out. It's priced to be one of the strongest yield plays at Island Colony right now. The west-facing exposure puts the Ala Wai Canal directly below the lanai and the sunset directly in front of itthe kind of evening view guests pay nightly rates to sit in front of. Inside, the unit is ready for the next operator. No punch list, no staging budget, no soft-launch periodalready furnished and producing from week one. Two of the line items that typically erode returns in older Waikiki buildingsaging plumbing and missing fire suppression are already handled here. Island Colony is among the last buildings on Oahu where short-term rentals remain legally permitted, with the 6th-floor amenity deck (pool, hot tub, sauna, gym, BBQ) and a five-minute distance to world-famous Waikiki Beaches, the International Market Place, and Kalakaua Avenue's night-life doing the heavy lifting on guest demand and return bookings for years to come.
| MLS # | 202609816 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Building Name | Island Colony |
| Sub-Type | Resale |
| Status | Active |
| Year | 1979 |
| Days On Site | 86 |
| Listing Provided By | Real Broker | Jack OConnor |
| Bath(s) | 1 Total |
|---|---|
| SQ Feet | 316 |
| Zoning | X2 - Apartment Precinct |
| Property View | Canal, Mountains, Sunset |
| Construction Materials | Concrete |
|---|
| Inclusions | AC Window Unit, Kitchenware, Microwave, Range/Oven |
|---|
| Community Features | Barbecue, Concierge, Clubhouse, Community Pool, Conference Meeting Room, Deck Porch, Fitness, Laundry Facilities, Patio, Pool, Recreation Area, Sauna, Trash Chute, Condo Hotel Community |
|---|---|
| Security Features | Closed Circuit Cameras, Elevator Secured, Door Man, Fire Sprinkler System, Security Guard |
| Property | 5280 |
|---|
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96815 |
| Area | Oahu |
| Community Name | WAIKIKI |
| School District | Kaimuki |
| Elementary School | Jefferson |
| High School | Kaimuki |
| Listing VS Median (in WAIKIKI) | |
Price: $315,000 low | high Med: $449,000 sqft: 316 low | high Med: 1,484 $ / sqft: $997 low | high Med: $504 On site: 86 low | high Med: 426.5 | |
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96815 |
| Area | Oahu |
| Community Name | WAIKIKI |
| School District | Kaimuki |
| Elementary School | Jefferson |
| High School | Kaimuki |
| Listing VS Median (in WAIKIKI) | |
Price: $315,000 low | high Med: $449,000 sqft: 316 low | high Med: 1,484 $ / sqft: $997 low | high Med: $504 On site: 86 low | high Med: 426.5 | |