Waikiki's legal short-term rental window is closing. Island Colony remains one of the last buildings on Oahu still zoned to capitalize on it, and this 16th-floor residence sits in the coveted 03 stack on the Diamond Head side, where units run cooler, lanais sit deeper, and the city's noise falls away. Mountain, canal, and skyline views fill the frame. The interior is immaculately renovated—turn-key from day one. Walk in, hand the keys to a manager and start collecting, or run it yourself for added income. The building has been re-piped with new drain lines and fitted with fire sprinklers, eliminating two of the capital expenditures that scare investors off older buildings. Five minutes reaches world-famous Waikiki Beach, the International Market Place, and nightlife found only on Oahu. The 6th-floor amenity deck holds the pool, hot tub, sauna, gym, and BBQ area—everything a guest could want for their island stay. For the investor who has watched Honolulu tighten the rules and wants in before the door fully closes, this is the asset and the Diamond Head side is the side to own.
56 days
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19
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Zillow last checked:
Listing updated:
Listed by:
Jack OConnor808-388-8167,
Real Broker
Source: HiCentral MLS,MLS#: 202609511
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 0
Bathrooms: 1
Full bathrooms: 1
Features
Flooring: Ceramic Tile, Vinyl
Interior area
Total structure area: 396
Total interior livable area: 280 sqft
Property
Parking
Parking features: None, On Street
Features
Spa features: Community
Has view: Yes
View description: Canal, City, Mountain(s), Sunrise
Has water view: Yes
Water view: Canal
Details
Parcel number: 1260210260168
Zoning description: X2 - Apartment Precinct
Special conditions: None
Construction
Type & style
Home type: Condo
Architectural style: High Rise
Property subtype: Condominium
Materials
Concrete
Condition
Excellent,Good Condition,Updated/Remodeled
New construction: No
Year built: 1979
Major remodel year: 2022
Community & HOA
Community
Features: Barbecue, Community Pool, Conference/Meeting Room, Deck/Porch, Fitness, Laundry Facilities, Patio, Pool, Recreation Area, Restaurant, Sauna, Trash Chute, Condo Hotel Community
Security: Closed Circuit Camera(s), Elevator Secured, Door Man, Fire Sprinkler System, Security Guard
Subdivision: Waikiki
HOA
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: $1,339/sqft
Tax assessed value: $332,400
Annual tax amount: $4,932
Date on market: 5/28/2026
Inclusions: AC Window Unit, Kitchenware, Microwave, Refrigerator
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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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