Listing: 202400739
Island: Oahu • Region: Metro Oahu • Neighborhood: WAIKIKI Type: Condo/Townhouse • MLS #: 202400739 • TMK: 1-2-6-003-061-0011
List Price: $435,000 (FS) List Date: February 11, 2024
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.
Property Information:
Bedrooms: 0
Full Baths: 1
Half Baths: 0
Parking: 0
Land Area (sf): --
Living (sf): 557
Lanai (sf): 0
Other (sf): --
Terms Accept.: Cash, Conventional
Disclosures: Property Disclosure Stmt
Furnished: Full
Zoning: X6 - Resort Mixed Use Precinct
Year Built: 2009
Year Remodeled: --
Financial Information:
Assd. Val. Land: $319,400
Assd. Val. Imprv: $201,000
Assd. Val. Total: $520,400
Tax Year: 2024
Monthly Taxes: $170
Home Exempt.: $0
Maintenance Fees: $1,012/mo.
Association Fees: --/mo.
Other Fees: $1,020/mo.
Land Tenure: Fee Simple
FeeOptions --
Lessor: --
Lease Rent: --/--
Next Step-Up: --/--
2nd Step-Up: --/--
Fee Purchase: --
Reneg Date: --
Lse Expires: --
Schools:
Other Property Features:
Unit: Central AC, Full Bath on 1st Floor, Single Level
Frontage: --
View: City
Parking: None
Pool: --
Amenities: Concierge, Doorman, Exercise Room, Meeting Room, Patio/Deck, Pool on Property, Recreation Area, Restaurant, Sauna, Security Guard, Valet
Inclusions: AC Central, Cable TV, Drapes, Range Hood, Refrigerator
Security: Card, Keyed Elevator, Video
Assn. Fee Inclusions: Cable TV, Hot Water, Internet Service, Sewer, Water
Other Fee Inclusions: --
Lot Description: --
Topography: --
Number of Stories: 21+
Building Style: Condotel, High-Rise 7+ Stories
Property Condition: Excellent
Construction: Concrete, Double Wall, Masonry/Stucco, Slab
Roofing: --
Floor Covering: Marble/Granite, W/W Carpet
Possession: 45 Days or Less, At Closing
Land Recorded: Regular System
Exclusions: --
Easements: --
Set-Backs: --
Compensation*: 2.5
Compensation Type: %
Broker Attribution: (808) 943-9000
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Sunday, May 19, 2024. Information is deemed
reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Hawaii Living LLC
