Experience Paradise at Pacific Monarch Waikiki Top Floor Amenities Make This Vacation Rental Friendly Building a Tropical Oasis in the Heart of Oahu
Pacific Monarch Waikiki – Vacation rental-friendly building with rooftop amenities.
2427 Kūhiō Ave.
Quick Facts
- The Pacific Monarch is a high-rise condominium located in the heart of Waikiki.
- It was built in 1978, but has since undergone renovations.
- The building stands at 26 stories tall with 161 units in total.
- Amenities include a rooftop pool, sun deck, sauna, BBQ area, and meeting lounge.
- Units vary in size, starting from studio apartments to two-bedroom units.
- The building allows short-term rentals, making it an attractive option for investors.
- Each unit usually has a private balcony or lanai for residents to enjoy.
- Units may have stunning ocean views, mountain views, or city views.
- There is no on-site parking for residents in the Pacific Monarch building.
- Security personnel are on site 24/7 for an added layer of safety and security.
Table of Contents
- General Information
- Amenities
- Vacation Rentals
- Fees and Expenses
- Unit Breakdown
- Who Should Consider the Pacific Monarch
- Buyers and Sellers
- Frequently Asked Questions
Pacific Monarch Waikiki – A Vacation Rental-Friendly Building with Rooftop Amenities
In the heart of Waikiki, on the beautiful island of Oahu, stands the Pacific Monarch, a 26-story condominium building that has been a popular choice for both locals and tourists alike. Completed in 1978, this building is known for its desirable location, comfortable units, and a range of amenities that cater to its residents. For investors, one of the highlights of the Pacific Monarch is its vacation rental-friendly policies.
Location
Located at 2427 Koa Avenue, the Pacific Monarch sits on a quiet side street in the midst of Waikiki’s bustling streets. The beach is just a short walk away, as well as some of Waikiki’s most popular restaurants, shops, and attractions. With the Waikiki Trolley at its doorstep, residents and visitors can easily explore the neighborhood without worrying about parking.
Amenities
One of the standout features of the Pacific Monarch is its rooftop amenities. On the top floor, residents can enjoy:
- A large pool with incredible views of the ocean and surrounding cityscape
- A sun deck perfect for soaking up some sun and relaxing
- A BBQ area where you can cook up your favorite meals while taking in the breathtaking views
- A sauna and fitness center to keep you active and healthy
Vacation Rental-Friendly
The Pacific Monarch is one of the few buildings in Waikiki that allows short-term vacation rentals. This makes it an attractive option for investors looking to generate rental income. With a minimum rental period of 30 days, owners can take advantage of the growing demand for vacation rentals in Waikiki.
Table of Fees and Expenses
| Fee/Expense | Description | Amount |
|---|---|---|
| Monthly Fee | Building maintenance and upkeep | $454-$694 |
| Special Assessment | Occasional building-wide projects | varies |
| Utility Bills | Electricity, water, and gas | varies |
| Property Taxes | Annual tax on property ownership | varies |
| Vacation Rental Tax | Annual tax on rental income | 14.69% |
Unit Breakdown
The Pacific Monarch consists of 161 units, ranging from studios to two-bedroom apartments. The average square footage of a unit in the building is around 900 sqft. Units are corner-cut and offer stunning views of the ocean, city, or mountains.
- Studio Units
- Average price: $550,000-$700,000
- Square footage: 500-700 sqft
- View: City or mountain
- 1-Bedroom Units
- Average price: $650,000-$900,000
- Square footage: 700-900 sqft
- View: City, mountain, or ocean
- 2-Bedroom Units
- Average price: $850,000-$1,200,000
- Square footage: 900-1,200 sqft
- View: City, mountain, or ocean
Who Should Consider the Pacific Monarch?
The Pacific Monarch is an excellent choice for:
- Investors looking to generate rental income through vacation rentals
- Retirees who want to enjoy the amenities and location of Waikiki
- First-time buyers who want to break into the Oahu real estate market
- Anyone looking for a comfortable and convenient place to call home in Waikiki
Benefits of Working with Hawaii Elite Real Estate
If you’re considering purchasing a unit in the Pacific Monarch or any other building in Oahu, working with a reputable real estate company like Hawaii Elite Real Estate can help you navigate the process with ease. Our experienced agents are knowledgeable about the local market and can help you:
- Find the perfect unit to fit your needs and budget
- Negotiate the best price and terms
- Handle paperwork and logistics
- Guide you through the buying process from start to finish
List of Reasons to Work with Hawaii Elite Real Estate
- Extensive knowledge of the local market
- Personalized service and attention to detail
- Proven track record of successful transactions
- Network of valuable contacts and resources
- Access to the latest listings and market data
For Buyers & Sellers
Personal Summary: Pacific Monarch Waikiki’s Impact on Home Buyers and Sellers
As a prospective home buyer or seller, understanding the implications of the Pacific Monarch Waikiki’s vacation rental-friendly building with rooftop amenities is crucial. Here’s a summary of how this topic affects both parties:
- Home Buyers:
- Rental income potential: Pacific Monarch Waikiki’s vacation rental-friendly policies allow buyers to offset mortgage payments by renting their unit on platforms like Airbnb. This attractive feature can increase cash flow and make homeownership more affordable.
- Amenities and lifestyle: The rooftop amenities offer an upscale living experience, complete with modern conveniences and stunning city and ocean views. This elevated lifestyle can enhance the overall quality of life for residents and increase the building’s resale value.
- Buyer confidence: Knowing that the building permits short-term rentals can provide buyers with a sense of security, as they can generate supplemental income if needed. This confidence can lead to a faster sales process and more competitive offers.
- Potential downsides: However, it’s essential for buyers to consider the potential downsides, such as noise levels, increased foot traffic, and potential issues with neighboring owners. Understanding the building’s rules and regulations can help mitigate these concerns.
- Home Sellers:
- Competitive advantage: For sellers, the Pacific Monarch Waikiki’s vacation rental-friendly policies can be a unique selling point, attracting buyers who are interested in generating rental income. This competitive advantage can lead to a faster sale and higher resale values.
- Increased marketing appeal: Highlighting the building’s amenities and rental income potential can make listings more attractive to potential buyers. Sellers can leverage this feature to stand out in a crowded market.
- Disclosure requirements: Sellers must be transparent about the building’s rules and regulations regarding short-term rentals. Failure to disclose this information can lead to disputes and potential lawsuits.
- Potential for price appreciation: The Pacific Monarch Waikiki’s upscale amenities and vacation rental-friendly policies can contribute to price appreciation, making the building a desirable location for buyers and investors.
Frequently Asked Questions
- Q: What type of building is the Pacific Monarch Waikiki?
A: The Pacific Monarch Waikiki is a vacation rental-friendly condominium building located in the heart of Waikiki, Honolulu, Hawaii.
- Q: What amenities does the Pacific Monarch Waikiki offer?
A: The building features rooftop amenities that include an outdoor pool, children’s pool, barbecue grills, sun deck, and observation deck with ocean and city views.
- Q: Are there laundry facilities available?
A: Yes, the Pacific Monarch Waikiki has laundry facilities located on each floor for residents and guests.
- Q: Is the Pacific Monarch Waikiki close to Waikiki’s famous beaches?
A: Yes, the building is just a short walk to Waikiki’s famous beaches, including Royal Hawaiian Beach and Queen Surf Beach.
- Q: Are there shopping and dining options nearby?
A: Yes, the Pacific Monarch Waikiki is within walking distance to numerous shopping and dining options along Kalakaua Avenue and surrounding areas.
- Q: Does the Pacific Monarch Waikiki offer secure parking?
A: Yes, the building has secure parking available for residents and guests.
- Q: Can I rent a unit at the Pacific Monarch Waikiki for a short-term stay?
A: Yes, the building allows short-term vacation rentals, and many units are available for rent through various property management companies.
- Q: Are pets allowed in the Pacific Monarch Waikiki?
A: No, pets are not allowed in the Pacific Monarch Waikiki.
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