Vacation Rental or Bust
Home buyers and real estate investors often ask what properties can be used for vacation rentals on Oahu Hawaii.
The short answer would be to refer to the list below for potential investments, however many buyers and investors need a better explanation why they can’t rent their home or in-law suite as a vacation rental in a residential area.
Bill 41
On October 19, 2021 Bill 41 relating to transient accommodations was introduced by Honolulu City Council. This bill was enacted under the idea that reducing the number of tourists in vacation homes would resolve traffic, overcrowded beaches and affordable housing problems. The city Department of Planning and Permitting (DPP) introduced a revised vacation rental bill that has and will change the way many home owners use their properties.
In detail the bill reports month-to-month rentals anywhere outside of Waikiki, Ko’olina and Kuilima would be illegal. This would require that all rentals outside the three areas be 180 days (six months) or greater.
As a part of Ordinance 19-18, the DPP was required to create a set of enforcement rules through a public process. The resulting rules would become the legal administrative process that DPP would have to follow to shut down illegal operators. Currently this bill makes little distinction between shorter rentals (greater than 30 days but less than 180days) A vacation rental unit for tourists is typically less than 30days.
This bill seeks to improve on the Ordinance 19-18 by providing a more comprehensive approach to regulating transient accommodations and creating additional sources of funding for administering and enforcing short-term rental and transient accommodation laws.
Not all properties and home owner associations (HOA) permit daily rentals in the three resort areas. It is strongly advised to speak with a real estate agent to help you to determine the best property for you. Mahalo!
Oahu Short Term Vacation Rental Condo List
| Aloha Surf Hotel Year Built: 1968 Honolulu/Waikiki Price: $180,000 – $300,000 | Kuhio Village II Year Built: 1975 Honolulu/Waikiki Price: $65,000 – $228,000 | Royal Aloha Year Built: 1971 Honolulu/Waikiki Price: $104,500 – $395,000 |
| Bamboo Year Built: 1968 Honolulu/Waikiki Price: $250,000 – $380,000 | Kuilima Estates East/West Year Built: 1975 North Shore/Kuilima Price: $489,000 – $849,000 | Regency At Beach Walk Year Built: 1961 Metro Honolulu/Waikiki Price: $434,800 – $725,000 |
| Beach Villas at Ko Olina Year Built: 2007 Kapolei, Hi, 96707 Price: 1,895,000 – 3,150,000 | 2465 Kuhio At Waikiki Year Built: 1971 Honolulu/Waikiki Price: $548,000 – $600,000 | Seashore Year Built: 1967 Honolulu/Waikiki Price: $120,000 – $325,000 |
| Cabana At Waikiki Year Built: 1965 Honolulu/Waikiki Price: $325,000 – $325,000 | Kalakauan Year Built: 1966 Honolulu/Waikiki Price: $129,000 – $269,000 | The Ritz-Carlton Residences 2 Year Built: 2018 Metro Honolulu/Waikiki Price: $450,000 – $15,100,000 |
| Hawaiian Monarch Year Built: 1979 Honolulu/Waikiki Price: $118,000 – $789,000 | Luana Waikiki Year Built: 1971 Honolulu/Waikiki Price: $250,000 – $839,000 | The Ritz-Carlton Residences Year Built: 2014 Honolulu/Waikiki Price: $500,000 – $3,530,000 |
| Island Colony Year Built: 1979 Honolulu/Waikiki Price: $155,000 – $475,000 | Marine Surf Waikiki Year Built: 1968 Honolulu/Waikiki Price: $329,000 – $520,00 | Trump International Hotel & Tower Year Built: 2009 Honolulu/Waikiki Price: $360,000 – $4,950,000 |
| Ilikai Marina Year Built: 1968 Honolulu/Waikiki Price: $335,000 – $855,000 | Niihau Apt Hotel Ltd Year Built: 1960 Honolulu/Waikiki Price: $330,000 – $330,000 | Tradewinds Plaza Year Built: 1979 Metro Honolulu/Waikiki Price: $239,000 – $380,000 |
| Imperial Hawaii Resort Year Built: 1967 Honolulu/Waikiki | Ocean Villas At Turtle Bay Year Built: 1972 North Shore/Kuilima Price: $1,150,000 – $3,400,000 | Waikiki Beach Tower Year Built: 1983 Honolulu/Waikiki Price: $585,000 – $2,500,000 |
| Ilikai Apt Bldg Year Built: 1965 Honolulu/Waikiki Price: $465,000 – $2,988,000 | Pacific Monarch Year Built: 1980 Honolulu/Waikiki Price: $375,000 – $1,380,000 | Waikiki Grand Hotel Year Built: 1963 Honolulu/Waikiki Price: $230,000 – $390,000 |
| Kuhio Village I Year Built: 1975 Honolulu/Waikiki Price: $155,000 – $799,000 | Palms At Waikiki Year Built: 1970 Honolulu/Waikiki Price: $190,000 – $459,000 | Waikiki Shore Year Built: 1960 Honolulu/Waikiki Price: $1,250,000 – $5,500,000 |
