Waikiki Homes under $1.25 million

Welcome to Waikiki, a vibrant and iconic neighborhood nestled on the southern shores of Oahu, Honolulu. Known for its stunning beaches, lively atmosphere, and rich cultural heritage, Waikiki is a paradise where the spirit of Aloha thrives. Imagine waking up to the sound of gentle waves lapping against the shore, with the majestic Diamond Head crater serving as your backdrop. This bustling area is not just a tourist destination; it’s a community where locals and visitors alike enjoy the perfect blend of relaxation and excitement.

Waikiki offers a diverse array of homes under $1.25 million, making it an attractive option for both first-time buyers and seasoned investors. Whether you’re looking for a cozy condo with breathtaking ocean views or a charming single-family home just minutes from the beach, you’ll find a variety of choices that cater to different lifestyles and preferences. The neighborhood is renowned for its accessibility, with an array of shops, restaurants, and entertainment options all within walking distance.

In addition to its beautiful beaches, Waikiki boasts a rich cultural scene, featuring art galleries, live music venues, and local festivals. Residents can also indulge in outdoor activities like surfing, hiking, and exploring the nearby parks. With its warm climate and welcoming community, Waikiki is more than just a place to live; it’s a lifestyle. Discover your dream home in this enchanting neighborhood and embrace the vibrant island life that awaits you!

Newest Waikiki Homes under $1.25 million

$370,000

1 Beds ⋅ 1 Baths ⋅ 202618982 MLS ⋅ FS - Fee Simple Tenure ⋅ 0 DOM ⋅ Keoni Ana BLDG.

Large One bedroom One bath unit in a prime Waikiki Location at Keoni Ana! Located on the 11th floor( first 4 floors aren't numbered) Open floor plan with great flow from kitchen to Living room. This 643-sqft unit sits on the shady side of the building for cooler, comfortable living. The bedroom features an extra custom-build closet and the 95-sqft Lanai offering Ala Wai Canal, city and mountain views. Prime location within walking distance of the beach, entertainment and mall. Security building with an on-site residence manager, plenty of guest parkings, extra storage, a BBQ/ Recreation Deck and a rooftop jogging path with panoramic ocean views. Ideal as a primary residence, island retreat, or investment opportunity. Schedule your showing today!

430 Keoniana Street Unit 712, Honolulu

$57,000

1 Beds ⋅ 1 Baths ⋅ 202618873 MLS ⋅ LH - Leasehold Tenure ⋅ 1 DOM ⋅ Hawaiian Prince Apts Ltd BLDG.

Location! Fully furnished! One of Waikiki's best kept secrets. Great turnkey investment property or vacation home. Walking distance to International Market Place, Waikiki Beach, and 100+ restaurants, cafes, and everything Waikiki has to offer. Secured building includes an on-site resident manager, security cameras, and elevator. Parking is available through the co-op board via waitlist. This is a leasehold co-op property requiring board approval to purchase, with ground lease expiration date of 2040. Minimum 30 day rental period.

410 Nahua Street Unit 314, Honolulu

$330,000

1 Baths ⋅ 202618888 MLS ⋅ FS - Fee Simple Tenure ⋅ 1 DOM ⋅ Kuhio Village 1 BLDG.

LEGAL SHORT-TERM VACATION RENTAL in the heart of Waikiki! This turn-key, fee-simple studio in Kuhio Village 1 comes fully furnished and stocked for vacation rental use. Offering 206 sqft of interior living space plus an open covered lanai, the unit is just a few blocks from world-famous Waikiki Beach. An excellent opportunity for an investor, part-time owner or buyer looking for their own Waikiki getaway with nightly rental potential. Enjoy restaurants, shopping, International Market Place, entertainment, beaches and public transportation just outside your door. Building features include renovated lobby areas, automatic entry doors, upgraded security, FOB access, registration kiosk, key-vault system, community laundry room, resident manager/security, and surfboard and bike storage. Maintenance fees include electricity, water, hot water, cable and internet. Own a turn-key legal vacation rental in one of Hawaii’s most recognized resort destinations!

2463 Kuhio Avenue Unit 402, Honolulu

201 Ohua Avenue Unit Mauka/807, Honolulu

$649,000

1 Beds ⋅ 1 Baths ⋅ 202619096 MLS ⋅ FS - Fee Simple Tenure ⋅ 1 DOM ⋅ Waikiki Banyan BLDG.

Turnkey legal short-term rental in the Waikiki Banyan's Mauka Tower. This 8th-floor suite has cool mountain, Ala Wai Golf Course and Canal views and sits steps from the newly renovated rec deck, which reopened in May 2026. Two queen beds plus a sofa sleeper. Features include cherry cabinets, modern counters, tile throughout, a kitchen island, and a dual-entry bath with a private toilet room. Sold furnished with A/C and one covered parking stall. The maintenance fee includes internet, Cable TV, Utilities (including Electric). One block to Waikiki Beach.

201 Ohua Avenue Unit Mauka/807, Honolulu

1778 Ala Moana Boulevard Unit 1208, Honolulu

$399,000

1 Beds ⋅ 1 Baths ⋅ 202619085 MLS ⋅ FS - Fee Simple Tenure ⋅ 1 DOM ⋅ Discovery Bay BLDG.

1 bedroom, 1 bathroom unit with 1 assigned parking stall on the cool/quieter side of the building. Use as residence, investment, or vacation home. Discovery Bay offers resort-style amenities, including a pool, whirlpool, fitness center, sauna, sundeck, and BBQ area. Conveniently located close to Waikiki, and the Ala Moana Shopping Mall for entertainment, dining and shopping options. Unit is 96.893% fee simple and 3.107% leasehold, with $38 lease rent paid quarterly. The remaining 3.107% leased-fee will be available to purchase before 12/31/2039. Unit is sold AS-IS.

1778 Ala Moana Boulevard Unit 1208, Honolulu

$398,000

1 Beds ⋅ 1 Baths ⋅ 202619075 MLS ⋅ FS - Fee Simple Tenure ⋅ 1 DOM ⋅ Chateau Waikiki BLDG.

Located in a quiet area of West Waikiki, Chateau Waikiki is a popular condominium community favored by long-term residents for its convenient location and comfortable residential atmosphere. Everyday essentials are close at hand, including a supermarket, bank, post office, and a variety of restaurants. Enjoy the best of Waikiki with the convenience of being within walking distance to the heart of Waikiki, Ala Moana Shopping Center, and Ala Moana Beach Park. Perched on the 25th floor, Unit 2507 offers beautiful views toward Diamond Head, with ocean and city skyline vistas. The unit features a full kitchen, in-unit washer and dryer, and one assigned parking stall—providing both comfort and convenience in a highly desirable Waikiki location.

411 Hobron Lane Unit 2507, Honolulu

$839,000

2 Beds ⋅ 2 Baths ⋅ 202618078 MLS ⋅ FS - Fee Simple Tenure ⋅ 1 DOM ⋅ Lanikea At Waikiki BLDG.

Welcome to Unit 2004 at Lanikea at Waikiki! This immaculate, high-floor corner residence showcases beautiful ocean views and the added privacy of a desirable corner location. This unit includes two parking stalls and additional storage, while the furniture and staging items may be negotiated separately. Enjoy beautifully maintained tropical gardens and exceptional amenities, including an EV charging station, heated saltwater pool, Jacuzzi, BBQ area and inviting outdoor pau hana space. Lanikea at Waikiki is an IREM Hawaii award-winning property with award-winning management. Conveniently located near Waikiki's world-famous entertainment, shopping, dining, and beaches, this exceptional residence offers the ideal combination of comfort, convenience and island living. *PET FRIENDLY, 30 DAY MIN. RENTALS, 2 PARKING*

421 Olohana Street Unit 2004, Honolulu

$324,900

1 Baths ⋅ 202619067 MLS ⋅ FS - Fee Simple Tenure ⋅ 2 DOM ⋅ Bamboo BLDG.

Legal short term rental opportunity in the center of Waikiki with exceptional amenities and restaurant on site. Amenities include a tropical pool with waterfall, jacuzzi, and BBQ facilities. The pool area is a tropical oasis in the heart of Waikiki. Conveniently one block away from Waikiki Beach, dinning, shopping and entertainment. Remodeled in 2021 with new split A/C. Turnkey spacious studio unit, fully furnished with a tropical island aesthetic. Fantastic investment opportunity with high occupancy, currently in the hotel rental pool. Don't miss this opportunity to own an income generating slice of paradise.

2425 Kuhio Avenue Unit 705, Honolulu

229 Paoakalani Avenue Unit 2506-(NUC), Honolulu

$675,000

1 Beds ⋅ 1 Baths ⋅ 202619013 MLS ⋅ FS - Fee Simple Tenure ⋅ 2 DOM ⋅ Waikiki Sunset BLDG.

An exceptional opportunity to own a fully furnished, turnkey vacation rental in the highly desirable Waikiki Sunset! Situated on the 25th floor, Unit 2506 offers stunning views of the Pacific Ocean, iconic Diamond Head, and the vibrant Waikiki skyline. Beautifully appointed and thoughtfully upgraded, this residence features a renovated bedroom with the popular two-queen-bed layout and a beautiful lanai with outdoor dining. Complete with a valuable Nonconforming Use Certificate (NUC) in good standing, this property is legally permitted for daily short-term rentals, offering the flexibility to generate rental income while you're away and enjoy your own Hawaiian getaway whenever you visit. Currently recognized as a "Guest Favorite" on Airbnb, this residence is fully equipped, rental-ready. Waikiki Sunset offers resort-style amenities, including a swimming pool, fitness center, BBQ area, laundry facilities on every floor, and 24-hour security. Perfectly situated just moments from world-famous Waikiki Beach, shopping, dining, and entertainment. A wonderful opportunity to own a beautifully maintained, income-producing vacation condominium in one of Waikiki's most sought-after locations!

229 Paoakalani Avenue Unit 2506-(NUC), Honolulu

444 Kanekapolei Street Unit PHD/1603, Honolulu

$350,000

1 Beds ⋅ 1 Baths ⋅ 202618970 MLS ⋅ FS - Fee Simple Tenure ⋅ 2 DOM ⋅ Aloha Surf Hotel BLDG.

Rarely available! Large Penthouse, one-bedroom unit available for residential live-in, legal short-term or long-term vacation rentals. Located at the popular Aloha Surf Hotel in the heart of Waikiki with gorgeous ocean and mountain views, this penthouse unit is just minutes from world-famous Waikiki Beach, restaurants, shopping, public transportation and the International Market Place. Ready for your decor ideas, this unfurnished unit has been the full-time residence of owner for 15 years. The fabulous location will bring you here, but the Ohana care of the Aloha Surf will keep you wanting to stay. Building modernizations are underway featuring completed elevator renovation in May 2026, planned lobby and hallway renovations, all included in AOAO reserve funds requiring no assessments. All utilities included in maintenance fees. Aloha Surf has an established rental program with 24-hour front guest services, lobby, pool, meeting areas, and laundry. The lobby area also features a full-service spa and bar.

444 Kanekapolei Street Unit PHD/1603, Honolulu

1888 Kalakaua Avenue Unit 2903, Honolulu

$375,000

2 Beds ⋅ 2 Baths ⋅ 202619040 MLS ⋅ LH - Leasehold Tenure ⋅ 2 DOM ⋅ Waikiki Landmark BLDG.

Experience elevated island living at Waikiki Landmark #2903! Situated on a high floor, this spacious residence offers sweeping city, mountain, and Ala Wai Canal views, complemented by abundant natural light and beautiful Australian Brush Box hardwood flooring. The thoughtfully modified floor plan features an expanded living area, created by removing the second bedroom wall, with the potential to restore the original configuration. Additional highlights include a well-appointed kitchen with pantry, spacious primary bathroom with soaking tub and separate shower, central AC, full-size washer and dryer, covered lanai, and two parking stalls. Waikiki Landmark offers resort-style amenities, including an expansive pool deck, fitness center, BBQ areas, and 24-hour security. Conveniently located near Waikiki Beach, Ala Moana Center, shopping, dining, and entertainment. Enjoy the perfect balance of comfort, convenience, and vibrant Honolulu living!*Some photos are virtually staged and enhanced* First Open House Sunday, October 11th, 2-5pm.

1888 Kalakaua Avenue Unit 2903, Honolulu

2345 Ala Wai Boulevard Unit 1715, Honolulu

$250,000

1 Baths ⋅ 202619012 MLS ⋅ FS - Fee Simple Tenure ⋅ 2 DOM ⋅ Fairway Villa BLDG.

Rented for many years. Vacant. Great location, views and a wonderful studio. New purchaser will have to upgrade the apartment if desired, but apartment is in adequate condition to rent again. Simple improvements with no upgraded appliances. Purchaser shall purchase the property in "AS IS and WHERE IS" condition with no warranties. Seller will not provide any Purchaser credit for repairs or appliances to the property.

2345 Ala Wai Boulevard Unit 1715, Honolulu

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.