Waikiki Banyan
Fee Simple and Leasehold Built 1979
Units
877
Floors
37
Maint. Fee
$1.51 - $2.7/sf
Building Overview
The twin towers of the Waikiki Banyan is a popular investor choice for a condotel in Waikiki. The building is just few blocks from the beach and since the units have full kithcens they tend to be easier to finance than some other condotels. Aston manages the hotel program but owners are free to manage the unit themselves, hire a 3rd party manager, or live in the unit.
Waikiki Banyan was originally zoned has a hotel but has since been rezoned as a residential building. As a result, only owners that have maintained a non conforming use certificate to allow for overnight rentals may legally rent their units out for less than one month, Honolulu's Department of Planning and Permitting maintains a list of Non Conforming Use Certificates here:
http://www.honoluludpp.org/Portals/0/pdfs/HotIssues/NUCreport.pdf
Waikiki Banyan -
Unit Configurations
| Beds | Baths | SqFt | Lanai | Stack Config |
|---|---|---|---|---|
| 1 | 1 | 599 - 661 sf | — | A, B, C, D, 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, 13, 14 |
1 (A, B, C, D, 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, 13, 14): There are little differences between the 877 units in the Banyan. The corner units ending in "13" and "14" have the largest floor plan and a seperate dining area.
MLS Market Data
17
Active
1
Pending
30
Sold
$704K
Avg Price
Amenities
Large 6th floor recreation area with pooltennis courtsaunabarbecue grillchildren's playground and a snack bar.
Schools
ElementaryJefferson
MiddleWashington Elem. School: Jefferson
HighMcKinley Middle School: Washington Elem. School: Jefferson