223 Saratoga Road Unit 812, Honolulu, HI 96815

$460,000
1
BA
557
SqFt
List Price
$460,000
Price Change
▼ $20,000 1710531990
Days on Market
75
MLS#
202400739
Status
ACTIVE
Type
Condo
Building
Trump Tower Waikiki
Full Baths
1
Living Area
557
Sq Ft Total
557
Land Tenure
FS - Fee Simple
Neighborhood
Waikiki

Property Description

This is a lovely fully furnished large studio close to Waikiki Beach and has been used only barely as a second/vacation home. It has not been rented for years. Formerly known as the Trump Tower Waikiki, the property has been newly rebranded as "Ka Lai Waikiki Beach," and is part of the LXR Hotels & Resorts, a Hilton Luxury brand, who is upgrading this Five Star property to the next level. The exceptionally low property tax rate is due to the current 'Dedication for Residential Use,' which allows for rental terms of 30+ days. If you rent as a short-term rental (less than 30-day rental terms) then the property tax rate will revert to the higher Hotel/Resort property tax rate. If the Buyer intends to rejoin the hotel rental program, then this unit's complete renovation package is estimated to cost $120-140K. The $1,020.07/mo 'other fees' is the special assessment that ends in December 2025 and pays for the common-area renovation upgrades. ~ Make this your perfect second home, principal residence in paradise, or vacation getaway.

Additional Information

Island
Oahu
Monthly Maint Fee
$2032
Stories Type
21+
Builder Name
Irongate
Unit Features
Central AC, Full Bath on 1st Floor, Single Level
View
City
Construction Materials
Concrete, Double Wall, Masonry/Stucco, Slab
Mls Area Major
Metro
Neighborhood
Waikiki
Furnished
Full
Year Built
2009
Tax Amount
$170
Building Name
Trump Tower Waikiki
Inclusions
AC Central, Cable TV, Drapes, Range Hood, Refrigerator
Maintenance Expense
$1012
Parking Features
None
Unit
812
Amenities
Concierge, Doorman, Exercise Room, Meeting Room, Patio/Deck, Pool on Property, Recreation Area, Restaurant, Sauna, Security Guard, Valet
Style
Condotel, High-Rise 7+ Stories
Assessed Total
520400
Assessed Improvement
201000
Assessed Land
319400
Zoning
X6 - Resort Mixed Use Precinct

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Listing courtesy of Hawaii Living LLC.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Contact: (808) 943-9000