Buying a Waikiki Skytower Condo: What You Need to Know

Waikiki Skytower is a well-established condominium located in the heart of Waikiki, one of Honolulu’s most iconic neighborhoods. Known for its excellent location, stunning views, and desirable amenities, Waikiki Skytower offers a unique opportunity for those looking to buy a condo in one of Oahu’s most sought-after areas. Whether you're considering it as a primary residence, a vacation home, or an investment property, here's what you need to know about purchasing a Waikiki Skytower condo.

Prime Location in Waikiki

Waikiki Skytower is ideally situated on Tusitala Street, just a few blocks away from the world-famous Waikiki Beach. This prime location places residents within walking distance of Waikiki's bustling dining, shopping, and entertainment options. The International Market Place, Royal Hawaiian Center, and a variety of restaurants offering both local and international cuisine are all just minutes away.

Despite being in the heart of Waikiki, Waikiki Skytower offers a relatively quiet and peaceful environment compared to the busier main streets, providing residents with a perfect balance of convenience and tranquility.

Condo Features and Layouts

Waikiki Skytower is a 30-story building that consists of 123 residential units, primarily made up of one-bedroom, one-bathroom condos. Each floor contains only four units, which enhances privacy and reduces noise. The condos are designed to maximize space and offer comfortable living areas, making them suitable for a variety of buyers, including singles, couples, and small families.

One of the standout features of Waikiki Skytower condos is the large lanais (balconies) that come with each unit. These lanais provide residents with stunning views of the Pacific Ocean, Diamond Head, the Ala Wai Canal, and the city skyline. The open-air design of the lanais is perfect for enjoying Hawaii’s tropical climate and taking in the breathtaking scenery.

Amenities and Building Features

Waikiki Skytower offers a range of amenities that cater to both residents and guests. The building features a heated swimming pool and a barbecue area, ideal for relaxing and socializing. There is also a sauna and a recreation area, providing additional leisure options without having to leave the building.

For added convenience, Waikiki Skytower includes secure, covered parking for residents, a key feature in the often crowded Waikiki area. The building also has a secure entry system, on-site management, and a resident manager, ensuring the safety and well-being of all occupants.

Investment Potential and Short-Term Rentals

Purchasing a condo at Waikiki Skytower can be a sound investment, especially for those interested in the short-term rental market. The building is legally zoned for short-term rentals, which means owners have the option to rent out their units on a nightly or weekly basis through platforms like Airbnb or VRBO. This flexibility can lead to a significant income stream, particularly during peak tourist seasons.

However, potential buyers should be aware that while short-term rentals can be lucrative, they also come with responsibilities, including property management and compliance with local regulations. It's important to understand the local market dynamics and consider the potential risks and rewards before investing in a short-term rental property.

Owners can access the Waikiki Skytower AOAO website.