Built in 1979, the Hawaiian Monarch building currently has 9 units for sale, ranging in price from $240,000 - $895,000. Located in the Waikiki neighborhood, there have been 4 sales in the last 60 days, with a median sold price of $445,000.

These units sold in 29 days on average. Building amenities include whirlpool, trash chute, patio/deck, pool on property, recreation room, bbq, exercise room, community laundry, meeting room, resident manager, restaurant, security guard.

Nearby Condos

• Ilikai Apt Bldg (1965)
• The Ritz-Carlton Residences - 383 Kalaimoku (2014)
• The Ritz-Carlton Residences Twr 2 - 383 Kalaimoku (2018)
• Waikiki Banyan (1977)
• Villa On Eaton Square (1974)

View of Hawaiian Monarch looking toward Waikiki Beach

View of Hawaiian Monarch looking west

The Hawaiian Monarch is a condotel located in Waikiki, Honolulu, at 444 Niu Street. It is situated along the Ala Wai Canal. The building is close to Waikiki Beach, the Royal Hawaiian Center, International Market Place, Ala Wai Golf Course, and Ala Moana Shopping Center.

Condo Features and Amenities

The Hawaiian Monarch is a Condo-Tel consisting of studio and one-bedroom units. Many units have views of the ocean, city, or mountains. The building has large windows that allow for natural light.

Amenities available to residents include:

• Swimming Pool and Sun Deck: An outdoor pool and sundeck area.
• Fitness Center: A gym with various exercise equipment.
• BBQ Area: Outdoor grilling stations.
• 24-Hour Security: Security services provided around the clock.
• On-Site Laundry Facilities: Laundry services within the building.

Investment Potential: Short-Term Rentals

The Hawaiian Monarch is a Condo-Tel which allows legal short-term vacation rentals. This makes it a potential option for investors interested in the Waikiki tourism market. Owners can rent their units on a nightly basis through platforms like Airbnb and Vrbo. However, potential returns are not guaranteed, as they depend on market conditions and other factors.

Leasehold Ownership

Many units in the Hawaiian Monarch are sold as leasehold properties. In a leasehold arrangement, the buyer owns the unit but leases the land from the landowner. Buyers should review the lease term and lease rent, as these factors impact the overall cost of ownership and the property's long-term value.