Island Colony Condo/Townhouse $315,000 MLS:202609816

In a building where studios trade on view and floor, unit 1514 trades on a different metric: dollars in versus dollars out. It’s priced to be one of the strongest yield plays at Island Colony right now.The west-facing exposure puts the Ala Wai Canal directly below the lanai and the sunset directly in front of it—the kind of evening view guests pay nightly rates to sit in front of. Inside, the unit is ready for the next operator. No punch list, no staging budget, no soft-launch period—already furnished and producing from week one.Two of the line items that typically erode returns in older Waikiki buildings—aging plumbing and missing fire suppression are already handled here. Island Colony is among the last buildings on Oahu where short-term rentals remain legally permitted, with the 6th-floor amenity deck (pool, hot tub, sauna, gym, BBQ) and a five-minute distance to world-famous Waikiki Beaches, the International Market Place, and Kalakaua Avenue’s night-life doing the heavy lifting on guest demand and return bookings for years to come.