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 it—the 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 period—already furnished and producing from week one.
Two of the line items that typically erode returns in older Waikiki buildings—aging 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.
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Zillow last checked:
Listing updated:
Listed by:
Jack OConnor808-388-8167,
Real Broker
Source: HiCentral MLS,MLS#: 202609816
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 0
Bathrooms: 1
Full bathrooms: 1
Features
Flooring: Carpet, Ceramic Tile
Interior area
Total structure area: 420
Total interior livable area: 316 sqft
Property
Parking
Parking features: None, On Street
Features
Spa features: Community
Has view: Yes
View description: Canal, Mountain(s), Sunset
Has water view: Yes
Water view: Canal
Details
Parcel number: 1260210260158
Zoning description: X2 - Apartment Precinct
Special conditions: None
Construction
Type & style
Home type: Condo
Architectural style: High Rise
Property subtype: Condominium
Materials
Concrete
Condition
Average Condition,Excellent,Good Condition
New construction: No
Year built: 1979
Major remodel year: 2020
Community & HOA
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: Closed Circuit Camera(s), Elevator Secured, Door Man, Fire Sprinkler System, Security Guard
Subdivision: Waikiki
HOA
Amenities included: Concierge
Services included: Common Areas, Cable TV, Hot Water, Internet, Sewer, Water
HOA fee: $587 monthly
Location
Region: Honolulu
Financial & listing details
Price per square foot: $997/sqft
Tax assessed value: $324,000
Annual tax amount: $5,280
Date on market: 5/28/2026
Inclusions: AC Window Unit, Kitchenware, Microwave, Range/Oven
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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