$715,000
SOLD FEB 10, 2025

229 Paoakalani Ave Unit 1610 Honolulu, HI 96815

Waikiki Neighborhood
1 Bed
1 Bath
601 Sq Ft
$253/mo HOA Fee

Recently Sold

$1,190 Per Sq Ft

2% Above List Price

63 Days on Market

Highlights

  • Ocean View
  • Heated Pool
  • Sauna
  • Fitness Center
  • 496,963 Sq Ft lot
  • Meeting Room

About This Home

As of February 2025

SHORT-TERM AND DAILY VACATION RENTALS PERMITTED! This one-bedroom, one-bath fully renovated condo unit offers a full kitchen and a dedicated parking stall. Situated on the most popular side of the building, it boasts stunning views of Diamond Head and ocean. The living space is ideal for use as a primary residence, vacation home, or rental investment. Highlights include an open lanai, central AC, a fire sprinkler system, and floor-to-ceiling windows that fill the space with natural light.
Located in the sought-after Waikiki Sunset, this condo-hotel provides resort-style amenities and is within close proximity to the beach, golf course, Kapiolani Park, Diamond Head, and the attractions of world-renowned Waikiki. Perfect for personal use or as a lucrative investment property!

Last Agent to Sell the Property

Evan Amakata

Oceans Real Estate Brokerage Email: office@oceanshawaii.com License #RB-22133 Listed on: 12/09/2024

Last Buyer's Agent

Jessica Hoyt

Engel & Völkers Honolulu License #RS-79674

Engel & Völkers Honolulu

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,768

Year Built

  • Built in 1979

HOA Fees

  • $253 Monthly HOA Fees

Interior Spaces

  • 601 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Ocean Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • 1 Parking Space
  • Covered Parking
  • Unassigned Parking

Schools

  • Jefferson Elementary School
  • Washington Middle School
  • Kaimuki High School

Additional Features

  • Handicap Accessible
  • Heated Pool
  • Property is in excellent condition
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 1-2-6-028-011-0130

Community Details

Overview

  • Association fees include common areas, electricity, HVAC, hot water, sewer, water
  • Waikiki Sunset Condos
  • Waikiki Subdivision

Amenities

  • Building Patio
  • Community Barbecue Grill
  • Community Deck or Porch
  • Sauna
  • Trash Chute
  • Meeting Room
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Recreational Area

Security

  • Card or Code Access
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,768

Year Built

Built in 1979

Lot Details

0

HOA Fees

$253 per month

Listing Details

  • Architectural Style: High Rise
  • Building Name: Waikiki Sunset
  • Inclusions: AC Central,Disposal,Drapes,Kitchenware,Linens,Microwave Hood,Range/Oven,Refrigerator,Smoke Detector
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1979
  • Attribution Contact: office@oceanshawaii.com
  • CommunityFeatures: Barbecue, Community Pool, Conference/Meeting Room, Deck/Porch, Fitness, Laundry Facilities, Patio, Pool, Recreation Area, Sauna, Storage Facilities, Trash Chute
  • Road Frontage Type: Other
  • SecurityFeatures: Key Card Entry, Fire Sprinkler System
  • MLS Status: Closed
  • Subdivision Name: WAIKIKI
  • Entry Level: 34
  • Interior Features: Bedroom on Main Level, Handicap Access
  • Unit Levels: One
  • Living Area: 601.0
  • New Construction: No
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Flooring: Vinyl
  • Furnished: Furnished
  • Spa Features: Community
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Construction Type: Concrete
  • Pool Features: Heated
  • Property Condition: Excellent, Updated/Remodeled
  • View: Mountain(s), Ocean
  • View: Yes
  • Disclosures: Seller Disclosure

Garage/Parking

  • Parking Features: Covered, One Space, Unassigned
  • Total Parking Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association #2 Fee: 253.0

Fee Information

  • Association Fee Includes: Common Areas, Electricity, HVAC, Hot Water, Sewer, Water

Schools

  • Elementary School: Jefferson
  • High School: Kaimuki
  • Middle Or Junior School: Washington

Lot Info

  • Parcel Number: 1-2-6-028-011-0130
  • Zoning Description: X2 - Apartment Precinct

Multi Family

  • Maintenance Expense: 851.17

Tax Info

  • Tax Annual Amount: 5767.68

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2024
Closed on
Feb 5, 2025
Sold by
Harmony Estate Llc
Bought by
Holmes Tyler Monroe and Holmes Karen Tyler
Seller's Agent
Evan Amakata
Oceans Real Estate
Buyer's Agent
Jessica Hoyt
Engel & Völkers Honolulu
List Price
$700,000
Sold Price
$715,000
Premium/Discount to List
$15,000
2.14%
Total Days on Market
63
Views
2
Current Estimated Value
$704,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,089
Avg. Annual Appreciation
-4.63%
Original Mortgage
$572,000
Outstanding Balance
$568,396
Interest Rate
1.8%
Mortgage Type
New Conventional
Estimated Equity
$136,515

Purchase Details

Listed on
Apr 10, 2016
Closed on
Jun 24, 2016
Sold by
Wong Reuben S F
Bought by
Harmony Estate Llc
Seller's Agent
Gifford Chang
Ideal Properties, Inc.
Buyer's Agent
Evan Amakata
Oceans Real Estate
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.29%
Original Mortgage
$273,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2016
Sold by
Wong Reuben Sun Fai and Wong Vera Hui
Bought by
Wong Reuben S F and Wong Vera Hui

Purchase Details

Closed on
Mar 31, 2008
Sold by
Kaulukukui Thomas K and Yim Patrick K S L
Bought by
Wong Reuben Sun Fai and Wong Vera Hui
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Title Guaranty
Deed -- Title Guaranty
Deed -- Title Guaranty
Limited Warranty Deed $390,000 Fam
Limited Warranty Deed $390,000 Fam
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Limited Warranty Deed $79,933 Tg
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $572,000 New Conventional
Closed $572,000 New Conventional
Previous Owner $273,000 New Conventional
Previous Owner $220,500 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Sold $715,000 +2.1% $1,190 / Sq Ft
12/09/2024 12/09/24 For Sale $700,000 +79.5% $1,165 / Sq Ft
07/06/2016 07/06/16 Sold $390,000 -2.5% $730 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
04/10/2016 04/10/16 For Sale $400,000 -- $749 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,768 $629,100 $81,600 $547,500
2023 $1,644 $469,800 $79,100 $390,700
2022 $1,741 $497,300 $77,300 $420,000
2021 $1,707 $487,700 $77,300 $410,400
2020 $1,835 $524,300 $94,800 $429,500
2019 $1,818 $519,300 $79,000 $440,300
2018 $1,628 $465,200 $68,400 $396,800
2017 $1,312 $374,800 $52,600 $322,200
2016 $1,453 $415,100 $43,200 $371,900
2015 $1,518 $433,800 $36,800 $397,000
2014 $1,057 $393,500 $29,000 $364,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202428138

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-6-028-011-0130