Built in 1975, the Kuhio Village I building currently has no active listings for sale. Located in the Waikiki neighborhood, there have been 1 sales in the last 60 days, with a median sold price of $310,000.

These units sold in 63 days on average. Building amenities include whirlpool, community laundry.

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)
• Island Colony (1979)

Buying a Condo in Kuhio Village I, Waikiki: What to Consider

Kuhio Village in Waikiki offers a unique opportunity for those looking to invest in Hawaii’s real estate market. Located in the heart of one of the world’s most famous beach destinations, Kuhio Village condos are known for their affordability, prime location, and investment potential. For buyers seeking a property that can serve as both a personal getaway and a rental income source, Kuhio Village warrants serious consideration.    This is one of two towers, the other is Kuhio Village Tower II.   

Prime Waikiki Location

Kuhio Village is ideally located on Kuhio Avenue, just two blocks from Waikiki Beach. This central location places residents and guests within walking distance of everything Waikiki has to offer, including world-class shopping, dining, and entertainment. The International Market Place, Duke’s Waikiki, and the Royal Hawaiian Center are just a short stroll away.

Being in such a desirable area, Kuhio Village condos offer the convenience of urban living combined with easy access to one of the most famous beaches in the world. Whether you’re planning to live in the unit, use it as a vacation home, or rent it out, the location is a significant draw.

Investment Potential with Short-Term Rentals

One of the key attractions of Kuhio Village is its potential as an investment property. The building is zoned for short-term rentals, making it legal to rent out units on a nightly or weekly basis through platforms like Airbnb and VRBO. This feature is particularly appealing given Waikiki’s status as a top tourist destination, which ensures a steady demand for vacation rentals.

However, it’s important to note that while short-term rentals can be lucrative, investment returns are not guaranteed. The income you generate will depend on several factors, including market conditions, occupancy rates, and management costs. Potential buyers should carefully consider these variables and assess whether they are comfortable with the inherent risks involved.

Condo Features and Amenities

Kuhio Village consists of two towers, each offering studio and one-bedroom units. These units are typically smaller in size compared to other Waikiki condos, but they are functional and well-suited for short-term stays. Each unit includes a kitchenette, bathroom, and some have a private lanai (balcony), allowing guests to enjoy views of the city, mountains, or ocean.

While Kuhio Village may not have the extensive amenities of larger condominium complexes, it does provide essential features such as secure entry, on-site management, and laundry facilities. Additionally, the building’s low maintenance fees are an attractive aspect for both residents and investors.

Affordability in Waikiki

Compared to other condos in Waikiki, Kuhio Village is known for its relative affordability. This makes it an appealing option for first-time buyers, investors with a smaller budget, or those looking to own a piece of Waikiki without the high price tag. The lower cost of entry, combined with the potential for rental income, positions Kuhio Village as a strong contender for those seeking value in the Waikiki real estate market.

The Buying Process

Purchasing a condo in Kuhio Village follows the standard real estate process in Hawaii. It begins with identifying available units that meet your needs and budget, followed by making an offer. Given the competitive nature of Waikiki real estate, it’s advisable to work with a local real estate agent who has experience with Kuhio Village and the Waikiki market.

Once your offer is accepted, the next steps include securing financing (if necessary), conducting inspections, and completing the necessary documentation. The entire process typically takes 30 to 60 days, depending on the specifics of the transaction.

Conclusion

Kuhio Village presents a compelling option for those looking to buy a condo in Waikiki, whether as a personal residence, vacation home, or investment property. Its prime location, affordability, and short-term rental potential make it a standout choice in the bustling Waikiki market. However, prospective buyers should approach with careful consideration, understanding that while there is potential for rental income, returns are not guaranteed and depend on various market factors.

For those willing to take on the responsibilities of managing a short-term rental, Kuhio Village offers a unique opportunity to capitalize on Waikiki’s enduring appeal. With the right approach and thorough research, buying a condo in Kuhio Village can be a rewarding investment in one of the world’s most iconic destinations.