Central Waikiki · Honolulu

The Promenade condos for sale

A two-story, 14-unit garden walk-up on Kaiolu Street with identical 420 sq ft one-bedrooms and a mix of fee simple and leasehold units.

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The Promenade market snapshot · October 2026

What's for sale at The Promenade right now

2Units for sale

$205KAverage list price

$488Average price per square foot

$85K to $325KPrice range

Source: active listings on our MLS search as of October 28, 2026, not counting parking stalls or storage. Figures change daily; the listings below are always current.

Building facts

The Promenade at a glance

Address: 423 Kaiolu St, Honolulu 96815
Completed: 1968
Height: 2 stories
Residences: 14
Land tenure: Mixed: fee simple and leasehold units (lease ends May 1, 2032)
Floor plans: 1 bedroom (420 sq ft)
Building type: Residential
Pets: Allowed
Parking: 9 uncovered assigned stalls (not all units)
Developer / architect: Kaiolu Conversion JV (developer)

Building facts from public sources: thehawaiistatecondoguide.com, hawaiiliving.com.

Please note: Building information is gathered from public sources and is deemed reliable but not guaranteed. Pet rules, rental rules, fees, special assessments, land tenure and other details can change. Buyers should do their own due diligence and confirm every fact with the association documents, the City and County of Honolulu and their own advisors before buying.

About the building

Living at The Promenade

The Promenade is a 1968 two-story walk-up with no elevator and 14 one-bedroom, one-bath units of 420 square feet each, on a lot of about 9,300 square feet. Ground-floor units add a 144 square foot lanai, units look onto garden areas rather than the ocean, and some owners have added window air conditioners.

It sits on Kaiolu Street, midway between Kuhio Avenue and Ala Wai Boulevard. Royal Hawaiian Center and International Market Place are nearby for shopping and dining, and Fort DeRussy Beach Park and Waikiki Beach are each roughly a mile away.

Rentals: Hawaii Living says short-term vacation rentals are not allowed. Confirm current zoning, registration and house rules before you buy.

Amenities

BBQ area
Community laundry
Gated entry
Recreation area

Let's talk

Interested in The Promenade?

We can compare The Promenade's floor plans, fees, rental rules and house rules with other Central Waikiki buildings, and pull recent sales for any unit you're considering.

Compare other Central Waikiki buildings

The Salazar GroupPremier Island Homes Hawaii
Coldwell Banker Island Properties
95-1249 Meheula Pkwy, Suite D16
Mililani, HI 96789

(808) 204-HOME (4663)
info@thesalazargrouphawaii.com

Homes for Sale at The Promenade

$325,000

1 Beds ⋅ 1 Baths ⋅ 202614996 MLS ⋅ FS - Fee Simple Tenure ⋅ 85 DOM ⋅ Promenade BLDG.

Live in Paradise! 1 bedroom, 1 bath GROUND FLOOR unit in cozy apartment building located in the hear of Waikiki. Close to shopping and entertainment. Gated Complex. Unit has an open lanai allows you to enjoy the beautiful Hawaii weather. SELLER SELLING AS-IS.

423 Kaiolu Street Unit 105, Honolulu

$85,000

1 Beds ⋅ 1 Baths ⋅ 202605952 MLS ⋅ LH - Leasehold Tenure ⋅ 219 DOM ⋅ Promenade BLDG.

*FEE AVAILABLE* Discover your slice of paradise at the Promenade in Waikiki! This "old Hawaiian style" cozy 1-bedroom unit offers a perfect blend of comfort and convenience in the heart of iconic Waikiki neighborhood. Featuring an open floor plan with abundant natural light from extra window, low maintenance fee, and assigned PARKING stall. The Promenade provides easy access to world-famous Waikiki beaches, vibrant dining, shopping, and many entertainment options, making it a prime location for both residents and visitors. Whether you are seeking a comfortable home, a vacation retreat, or a prime investment opportunity, this 1-bedroom gem at the Promenade is the perfect choice for experiencing the best of Waikiki living. Schedule a showing today! This is a leasehold property and the fee is available to purchase, make this a fee simple property.

423 Kaiolu Street Unit 207, 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.