Waikiki Condos for Sale

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Overview for Waikiki, HI

26,608 people live in Waikiki, HI where the median age is 46.2 and the average household income is $91,685. Data provided by the U.S. Census Bureau.


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Median Age


Average Household Income

What You Should Know About The Waikiki Condo Market

Are you in search of the perfect condominium in the heart of Waikiki, Hawaii? Look no further. In this comprehensive guide, we'll explore everything you need to know about Waikiki condos for sale, from short-term rental rules to the neighborhood's history and more. Whether you're an investor or seeking your dream lifestyle condo, we've got you covered.

The Waikiki Condo Market

Waikiki is Hawaii's premier tourist destination, known for its stunning 1.5-mile stretch of world-class beach and impeccable weather. The neighborhood is bordered by Kapiolani Park and Diamond Head to the south-east and Ala Moana to the west, making it an ideal central location. With the ocean to the south and the Ala Wai Canal to the north, Waikiki is a high-rise neighborhood with a unique charm.

Most of the condos in Waikiki were constructed during the 1970s, with a few newer developments since 2005. These include Lanikea At Waikiki, Loft at Waikiki, Trump Tower Waikiki, The Watermark, Allure Waikiki, Cove Waikiki, and Ritz-Carlton Waikiki. Prices for fee-simple condos in Waikiki range from around $200,000 for a small studio at Waikiki Marina Condominium to over $20,000,000 for a luxurious penthouse at the Ritz-Carlton Waikiki.

Fee Simple vs. Leasehold

It's essential to understand the distinction between fee simple and leasehold properties in Waikiki. Approximately 25% of condos in Waikiki are leasehold, a significantly higher percentage than other neighborhoods in Oahu. Fee simple means you own the property outright, while leasehold grants you the right to use and potentially sell the property, but you do not own the underlying land. This can have significant implications for your long-term investment.

Short-Term Vacation Rentals

For those looking to maximize rental income, Waikiki offers numerous buildings that allow short-term vacation rentals. With close to 30 such buildings in the neighborhood, it's an excellent place to invest if you want the flexibility to stay in your unit while renting it out to vacationers.

The Waikiki Lifestyle

Waikiki is not only a prime investment location but also a vibrant and diverse community. With beautifully maintained parks, colorful tropical flowers, and the crystal-clear blue ocean, the spirit of Aloha prevails. Despite being densely populated, the condos in Waikiki are in high demand, thanks to the year-round pleasant weather and the feeling of living in a perpetual vacation.

Waikiki's Rich History

Waikiki's history is intertwined with the Hawaiian monarchy. It served as a royal retreat for kings and queens, including King Kamehameha and Queen Liliuokalani. Over the years, it evolved from swampland to a bustling resort district, thanks in part to the Ala Wai Canal's construction in 1928. World War II temporarily transformed Waikiki into a military base, but it rebounded as a top-notch tourist destination in the post-war years. Today, it's a thriving community with a mix of residents and tourists from all over the world.

Contact Us

If you're considering buying a condo in Waikiki, we're happy to help! With its stunning beaches, ideal location, and investment opportunities, Waikiki is a slice of paradise in Hawaii. Whether you're looking for a vacation rental or a permanent residence, there's something for everyone in this vibrant neighborhood. Reach out to Howard and Doredda Richmond, with Richmond Realty Hawaii for more details or to schedule a showing. 


Q: Are there any restrictions on short-term vacation rentals in Waikiki?

A: Waikiki offers numerous buildings that allow short-term vacation rentals, making it an excellent choice for investors looking to maximize rental income.

Q: What is the price range for condos in Waikiki?

A: Condo prices in Waikiki vary widely, ranging from approximately $200,000 for a small studio to over $20,000,000 for a luxurious penthouse.

Q: What is the historical significance of Waikiki?

A: Waikiki served as a royal retreat for Hawaiian monarchs, including King Kamehameha and Queen Liliuokalani. Its history is intertwined with the growth and development of tourism in Hawaii.

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