Eligible Vacation Rental Opportunities on O'ahu

rainbow over Waikiki, search for your pot of gold at the end of the rainbow

Short-term (Vacation) rentals (STRs) have been regulated in Honolulu since 1989. STRs are also known as vacation rentals or by tradenames Airbnb, VRBO, etc., and are lodgings that provide guest accommodations for less than 30 days. Laws relating to short-term rentals are a hot topic and are very fluid. It's best to look at the source for the latest information.

There are several good resources to help you decide if a short-term rental property is a good investment for you. Starting with the Hawaii Tourism Authority, where you can find monthly visitor stats.

There are also research and analysis tools such as AirDNA, Pricelabs, Mashvisor, and others.

If you are in need or shopping around for a property manager to handle your short-term rental property, consider our sister company, Coldwell Banker Island Vacations. At Coldwell Banker Island Vacations, they put their decades of experience in the Hawaii vacation rental business to work for you. With a team of professionals focused on delivering exceptional service, they utilize a hands-on approach that positions each property to our global audience. With our trusted brand behind you, your property will truly get the attention it deserves. Experience the peace of mind from knowing you’re in good hands. Experience the Coldwell Banker difference.

The properties shown here may be eligible to be used as Short-Term (Vacation) Rentals. The list is not meant to be comprehensive or authoritative; however, it gives the reader a starting point for their research. As a buyer/investor, you should always do your due diligence and confirm that a unit can be used as a legal Short-Term (Vacation) rental before purchasing. A buyer can review condo documentation, house rules, income and expense statements, NUCs, and other pertinent material before committing to buying a property. Our agents are uniquely qualified to assist you with asking the right questions to find out if a property is eligible for short-term rentals.

	The City and County Defines Short-Term Rentals as "Short-term rentals (STRs) are also known as vacation rentals, and are lodgings that provide guest accommodation for less than 30 consecutive days. To preserve housing for long-term residents, STRs are only permitted in resort-zoned areas and a couple of specific apartment-zoned areas."¹

Click here to view an interactive map of legal and pending short-term rental zoning on Oahu

There is also a Short-Term Rental Compliance map to look at violations.

Important Note: The following lists are of potential short-term rental properties for sale. When you see NUC² (Non-conforming Use Certificate) next to the building name, it means that individual units in the building may have an NUC allowing them to do short-term rentals, however, the building, as a whole, may not be in a resort zone, or zoned for STRs. The City and County of Honolulu stopped issuing NUCs in September 1990. Consult with your trusted real estate advisor for clarification.

Short-Term Rental Properties by Land Tenure

Short-Term Rental Properties by Price Point

This video gives a brief explanation of how you can customize your search for short-term rental investment properties here on Oahu. Please take the time to review this information.

References

https://www.honolulu.gov/dpp/permitting/str/
List of Nonconforming Use Certificates (NUCs) note: this link changes frequently, so it may be out of date.

Newest Listings

$540,000

1 Baths ⋅ 202614205 MLS ⋅ FS - Fee Simple Tenure ⋅ 0 DOM ⋅ The Ritz-Carlton Residences Twr 2 - 383 Kalaimoku BLDG.

One of the most competitively priced studio residences in Ritz-Carlton Residences Waikiki Beach Tower 2! Don't miss this wonderful opportunity to own a luxury Five-Star resort residence in the heart of Waikiki. Enjoy world-class amenities, including two infinity pools, poolside cabanas, a fitness center, spa, and exceptional dining, including the renowned Sushi Sho, all complemented by legendary Ritz-Carlton service. This spacious studio features a large lanai with beautiful ocean and sunset views. Just moments from Waikiki's white sand beaches, luxury shopping, fine dining, and vibrant entertainment. Ideal as a vacation retreat, investment property, or full-time residence. Experience the ultimate in resort living!

2139 Kuhio Avenue Unit 1107, Honolulu

$650,000

1 Beds ⋅ 1 Baths ⋅ 202613988 MLS ⋅ FS - Fee Simple Tenure ⋅ 0 DOM ⋅ Ilikai Marina BLDG.

LEGAL SHORT-TERM VACATION RENTAL at the iconic Ilikai Marina! This beautifully maintained 1-bedroom, 1-bath residence offers the perfect blend of island living and investment potential in one of Waikiki’s most desirable waterfront locations. Enjoy an open, light-filled floor plan, a full kitchen, and a spacious lanai where you can relax with refreshing trade winds and captivating marina, ocean, sunset, and city views. Located just steps from the world-famous Hilton Hawaiian Village, Waikiki Beach, Ala Moana Beach Park, Ala Moana Center, Magic Island, fine dining, shopping, and endless entertainment. Whether you’re looking for a vacation home, an income-producing property, or your own slice of paradise, this unit offers exceptional flexibility and value. Ilikai Marina is one of the few buildings in Waikiki that allows legal short-term vacation rentals, making this an outstanding opportunity for investors and second-home buyers alike. Don’t miss your chance to own a piece of paradise in one of Honolulu’s most sought-after locations!

1765 Ala Moana Boulevard Unit 388, Honolulu

$1,900,000

1 Beds ⋅ 2 Baths ⋅ 202614308 MLS ⋅ FS - Fee Simple Tenure ⋅ 1 DOM ⋅ Pacific Monarch BLDG.

Rare opportunity to own two side-by-side legal short-term rental units at Pacific Monarch in the heart of Waikiki! Units 3101 and 3102 offer a unique combination of island living, flexibility, and investment potential, all just moments from Waikiki Beach, shopping, dining, and entertainment. Both units are legal fee-simple short-term rentals, providing the opportunity for rental income, personal enjoyment, or a combination of both. Unit 3101 is a beautifully remodeled studio featuring modern finishes, abundant natural light, refreshing cross breezes, and panoramic views of Diamond Head and the Pacific Ocean. Adjacent Unit 3102 is a spacious 1-bedroom residence offered turn-key and furnished, providing comfortable separation of living and sleeping areas and flexibility for immediate rental use or personal enjoyment. Together, these neighboring units offer a rare opportunity for investors, multi-generational use, or buyers seeking additional space while maintaining two separate units. Buyers may also explore the potential to connect the units, subject to building and applicable approvals.

2427 Kuhio Avenue Unit 3101 & 3102, Honolulu

$1,970,000

2 Beds ⋅ 2 Baths ⋅ 202614093 MLS ⋅ FS - Fee Simple Tenure ⋅ 1 DOM ⋅ The Ritz-Carlton Residences - 383 Kalaimoku BLDG.

383 Kalaimoku Street Unit 3008, Honolulu

$395,000

1 Baths ⋅ 202614189 MLS ⋅ FS - Fee Simple Tenure ⋅ 1 DOM ⋅ Island Colony BLDG.

Live where the world vacations at Island Colony, ideally located in the heart of Waikiki. This beautifully renovated unit features stunning city and ocean views from the private lanai, offering the perfect blend of island living, comfort, and investment potential. Whether used as a personal retreat, turnkey vacation rental, or short-term rental income property, this unit provides comfortable, low-maintenance living with a modern and elevated feel. Guests and owners alike will appreciate the unbeatable location near Waikiki Beach, International Market Place, world-class shopping, dining, nightlife, and entertainment. Island Colony is one of Waikiki’s most recognizable buildings and offers resort-style amenities, including a swimming pool, sauna, fitness center, on-site café, mini-mart, community laundry facilities, and a spacious recreation deck. With strong rental appeal, iconic views, upscale renovations, and a prime Waikiki location, this is a rare opportunity to own a high-performing investment property in one of Oahu’s most sought-after destinations. Don’t miss your chance to own a piece of Waikiki. Schedule your private showing today.

445 Seaside Avenue Unit 2712, Honolulu

$398,000

1 Baths ⋅ 202614380 MLS ⋅ FS - Fee Simple Tenure ⋅ 2 DOM ⋅ Trump Tower Waikiki BLDG.

Cozy studio on market, perfect for 2nd home. Enjoy luxury living at Ka La'i Waikiki Beach, LXR Hotels & Resorts Hotel/Condo! (former Trump International Hotel Waikiki) This Studio unit comes fully furnished with all linens & Kitchenware and Ocean and Mountain View! Top notch amenities include infinity pool, concierge, valet parking and a full service spa. Including in purchase are upscale appliances, granite counter tops and travertine tile flooring. Steps away from Waikiki's famous white sand beaches.

223 Saratoga Road Unit 1318, 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.