Waikiki is certainly one of the most popular and iconic tourist spots in Oahu. It also takes pride of its radiant and diverse residential community. Waikiki real estate features luxurious condominium buildings that share its two-mile stretch of land. Since 1960, residents have witnessed its transformation from a small surfing community into a suburban neighborhood with high-rise buildings. This, of course, will not be possible if not for the $100 million investment it received back in the 1970s.
Waikiki real estate
Waikiki remains incomparable to other tourist destinations because it leaves people in awe after providing them a panoramic view of its alluring coastline. Condominium buildings dominate its real estate market, with over a hundred high-rise buildings situated on its few square miles of land. It also has barely any land left open, making it seem like a densely-populated yet vibrant community. The condominium units in Waikiki also continue selling like hotcakes, which of course helped them maintain the highest occupancy rates in Hawaii.
The condominiums in Waikiki range from luxurious penthouses that are worth millions of dollars to leasehold studio-type units that cost around $150,000. Diverse properties are also found in its adjoining buildings. The best thing about condominiums in Waikiki is that they provide residents with the peaceful ambience of a paradise island and the utmost convenience of living in an urban area. Homes for sale in Waikiki are only a short, two-minute walk away from world-class surfing sites, shopping malls, and restaurants.
Potential homeowners who are planning to buy a second home in Honolulu usually consider hunting for small condominium units in Waikiki. All of the condominium buildings in Waikiki are available for rent all year long so tourists have continued to frequent this area. Of course, summer is the peak season in Waikiki so it is not really surprising to find hundreds of people gathering around its beaches at this time of the year. The biggest reason why Waikiki condominiums are great investments is that they possess a great potential for income no matter what the season may be.
Living in Waikiki
Residents and tourists in Waikiki have continued enjoying its strategic location to important amenities and places for leisure. Its vibrant nightlife is also perfect for any taste. Most people have grown to know Waikiki as “Vegas on the beach” because it features major hotels and upscale boutiques. If you have always been a self-confessed shopaholic, you will find Armani, Gucci, YSL, and other signature items in the shopping malls of Waikiki. Over 50 ABC stores that sell general merchandise will also satisfy your needs for daily living.
Much of the area consists of hotels and condominiums but you will still find plenty of spaces where you can relax and appreciate nature. The Kapiolani Park serves as an arena for various sports, with local teams of athletes using it for practice all year long. The park also has an archery range and a couple of tennis courts that are open for public use. For aspiring artists and entertainers, Waikiki Shell and Kapiolani Bandstand serve as great venues for organizing shows. No one can deny the beauty of homes for sale in Waikiki because they have all the bells and whistles that a tourist or resident will ever need.
