Built in 1968, the Marine Surf Waikiki building currently has 4 units for sale, ranging in price from $510,000 - $1,100,000. Located in the Waikiki neighborhood, there have been 2 sales in the last 60 days, with a median sold price of $495,000.

These units sold in 74 days on average. Building amenities include walking/jogging path, restaurant, pool on property, community laundry, trash chute.

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 Marine Surf Waikiki: Key Insights

Marine Surf Waikiki is a popular condo located in Waikiki, one of the most vibrant and well-known neighborhoods in Honolulu. Known for its excellent location, flexible rental options, and attractive amenities, Marine Surf Waikiki offers a unique opportunity for both residents and investors. Whether you’re considering it as a permanent residence, a vacation home, or an investment property, here’s what you need to know about buying a condo in Marine Surf Waikiki.

Prime Waikiki Location

Marine Surf Waikiki is located on Seaside Avenue, just a short walk from Waikiki Beach. This prime spot puts residents and guests within easy reach of Waikiki’s best attractions, including high-end shopping, diverse dining options, and exciting nightlife. The Royal Hawaiian Center, International Market Place, and countless restaurants and cafes are all nearby, making it an ideal location for those who want to experience the energy and convenience of urban living in Waikiki.

Living at Marine Surf Waikiki means you’re never far from the action, yet the building itself offers a peaceful retreat from the bustling streets.

Investment Potential with Short-Term Rentals

One of the standout features of Marine Surf Waikiki is its potential as an investment property. The building is legally zoned for short-term rentals, making it possible for owners to rent out their units on a nightly or weekly basis through popular platforms like Airbnb or VRBO. Given Waikiki’s status as a premier tourist destination, this can provide a lucrative income stream for owners.

However, it’s important to recognize that while short-term rentals offer the potential for income, returns are not guaranteed. Factors such as market conditions, competition, occupancy rates, and management costs can all impact your overall earnings. It’s crucial to carefully evaluate these aspects before deciding to invest in a short-term rental property.   View our list of legal short term vacation rentals for sale.

Condo Features and Amenities

Marine Surf Waikiki is a 24-story building that offers studio and one-bedroom units. Each unit is designed to maximize comfort and convenience, with features such as kitchenettes, private lanais (balconies), and spacious living areas. The condos provide views of the city, mountains, and ocean, offering a serene environment amidst the urban landscape.

The building also offers several amenities that enhance the living experience. Residents and guests have access to a swimming pool, a sundeck, and secure covered parking—a significant perk in the crowded Waikiki area. The building also features secure entry and on-site management, ensuring a safe and well-maintained environment for all.

Affordability and Value

Marine Surf Waikiki is known for offering good value, especially given its prime location in Waikiki. The condos are competitively priced compared to other properties in the area, making them an attractive option for first-time buyers, investors, and those looking for a second home in Hawaii. The combination of location, amenities, and rental potential makes Marine Surf Waikiki a strong contender in the Waikiki real estate market.

The Buying Process

Purchasing a condo in Marine Surf Waikiki follows the standard real estate process in Hawaii. It begins with identifying available units that meet your criteria, followed by making an offer. Due to the high demand for properties in Waikiki, working with a local real estate agent who specializes in the area can be beneficial. They can provide valuable insights, assist with negotiations, and guide you through the buying process.

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

Conclusion

Marine Surf Waikiki offers a fantastic opportunity for those looking to buy a condo in one of Honolulu’s most desirable neighborhoods. With its prime location, short-term rental potential, and attractive amenities, it appeals to a wide range of buyers. Whether you’re looking for a permanent residence, a vacation home, or an investment property, Marine Surf Waikiki has much to offer.

Before making a purchase, it’s important to thoroughly research the market, understand the potential risks and rewards of short-term rentals, and consider working with a real estate professional who can help you navigate the process. With the right approach, buying a condo in Marine Surf Waikiki can be a rewarding experience that allows you to enjoy the best of what Waikiki has to offer.