Waikiki Homes under $1.25 million

Welcome to Waikiki, a vibrant and iconic neighborhood nestled in the heart of Honolulu, Oahu. Renowned for its stunning beaches, lively atmosphere, and rich cultural heritage, Waikiki offers a unique blend of tropical paradise and urban convenience. Here, you can bask in the sun on the world-famous Waikiki Beach, surf the gentle waves, or take a leisurely stroll along the bustling Kalakaua Avenue, lined with boutique shops, gourmet dining, and lively entertainment options.

For those seeking a slice of this paradise without breaking the bank, there are charming homes available for under $1.25 million. These properties provide an excellent opportunity to own a piece of Waikiki's allure. From modern condos with breathtaking ocean views to cozy single-family homes nestled in lush surroundings, the real estate market here caters to a variety of lifestyles. Imagine waking up to the sound of the waves and enjoying morning coffee on your private lanai, or hosting friends for sunset barbecues with the backdrop of the iconic Diamond Head.

Living in Waikiki means embracing a lifestyle filled with outdoor adventures, cultural experiences, and a sense of community. With easy access to public transportation, world-class dining, and recreational activities, you’ll find everything you need just a stone's throw away. Whether you're looking to invest in a vacation home or make Waikiki your permanent residence, this neighborhood promises an unparalleled quality of life amidst the beauty of Hawaii. Explore the possibilities and discover your dream home in this tropical haven today!

Newest Waikiki Homes under $1.25 million

$125,000

2 Beds ⋅ 1 Baths ⋅ 202619898 MLS ⋅ LH - Leasehold Tenure ⋅ 1 DOM ⋅ Regency Ala Wai BLDG.

Fully furnished Ground Floor 2 bedroom, one bathroom, with full kitchen and attached parking! WITH 137 sf lanai. Conveniently located on the corner of Ala Wai and Namahana. Just across the Ala Wai Canal to UH. 2 blocks to the heart of Waikiki and one more block to the beach. Leasehold to April 30 2044. Perfect for students needing housing, families or even a home office where clients can pull up and park right next to the apartment. The price is amazing and the maintenance is lower than most buildings in Waikiki.

454 Namahana Street Unit 101, Honolulu

$580,000

1 Beds ⋅ 1 Baths ⋅ 202619847 MLS ⋅ FS - Fee Simple Tenure ⋅ 1 DOM ⋅ Waikiki Banyan BLDG.

Located in Tower 2 of the sought-after Waikiki Banyan, this updated one-bedroom, one-bathroom residence offers an appealing opportunity in the heart of Waikiki, within a building permitting legal short-term vacation rentals. The residence features 533 square feet of interior living space, a 67-square-foot private lanai, and one unassigned parking stall. Recent capital improvements have elevated the building’s resort-style experience, including a renovated swimming pool and recreation deck, three jacuzzis, tennis and basketball courts, a children’s playground, BBQ stations, modernized elevators, and a sauna. Additional conveniences include 24-hour security, an on-site café and mini-mart, and laundry facilities on every floor. Ideally positioned moments from Waikiki Beach, Kapiolani Park, and Waikiki’s renowned dining, shopping, and attractions, the residence offers convenient access to the best of island living. The property is fee simple, subject to a Becker Sandwich Lease payment of $52.20 per month, which expires in November 2035. The building also carries 100% hurricane insurance coverage, offering an additional measure of peace of mind.

201 Ohua Avenue Unit 1708-2, Honolulu

2611 Ala Wai Boulevard Unit 1504, Honolulu

$450,000

1 Beds ⋅ 1 Baths ⋅ 202619856 MLS ⋅ FS - Fee Simple Tenure ⋅ 2 DOM ⋅ Canal House BLDG.

Discover this beautifully-remodeled high-floor unit in the prestigious Canal House in the much-coveted Diamond Head side of Waikiki. This unit boasts panoramic views of the breathtaking Ala Wai canal, enchanting golf course, and the majestic Koolau mountain range. The complete 2026 remodeling brings forth a modern touch of luxury vinyl plank flooring and state-of-the-art stainless steel appliances including refrigerator, stove and dishwasher. In addition to this, the unit also houses an in-unit washer and dryer, coupled 2 new window AC units in the bedroom and living area for your convenience and comfort. Nestled in a secured building with a dedicated parking structure, the condominium comes with 1 tandem parking stall capable of accommodating 2 cars. Enjoy leisurely afternoons at the on-site swimming pool or unwind in the available sauna. Step into the luxurious Waikiki life with this blend of comfort and style!

2611 Ala Wai Boulevard Unit 1504, Honolulu

$840,000

2 Beds ⋅ 2 Baths ⋅ 202619886 MLS ⋅ FS - Fee Simple Tenure ⋅ 3 DOM ⋅ Waipuna BLDG.

Enjoy ocean, Diamond Head and beautiful Waikiki skyline from this high floor condo in Waipuna. Renovated 2-bed, 2-bath with modern palette such as stainless steel appliances, new lighting, new vinyl flooring with cool-tone interior painting. Brand new electrical fields box and wiring. New primary bath and 2nd bath with updated plumbing. Everything is ready for you.Just bring your suitcases. BONUS: Pet-friendly building. 24/7 security guard service in a well managed building with surfboard and bike storage. Tennis, pickleball court, pool, recreation area with BBQ, party room, storage, and 20 guest parking stalls for your visitors.

469 Ena Road Unit 2810, Honolulu

2452 Tusitala Street Unit 1207, Honolulu

$410,000

1 Beds ⋅ 1 Baths ⋅ 202619876 MLS ⋅ FS - Fee Simple Tenure ⋅ 2 DOM ⋅ Waikiki Lanais BLDG.

FABULOUS VIEW OF THE BEAUTIFUL MOUNTAIN AND GOLF COURSE AND DIAMOND HEAD / MUST SEE / UPGRADED (1) BEDROOM, BATHROOM & GARAGE PARKING / WALKING DISTANT TO RESTAURANTS, MALL, BEACHES / VERY WELL MAINTAIN BUILDING WITH GREAT AMENITIES (POOL, SAUNA, WEIGHT ROOM, RECREATION AREA, BBQ, COMMUNITY COIN LAUNDRY, SECURITY PATROL & RESIDENT MANAGER ON SITE) / FIRST TIME BUYERS GREAT INVESTMENT / SELLER WILL PAY FOR SPECIAL ASSESSMENT AND VERY MOTIVATED

2452 Tusitala Street Unit 1207, Honolulu

1777 Ala Moana Boulevard Unit 1915, Honolulu

$609,000

1 Beds ⋅ 1 Baths ⋅ 202619800 MLS ⋅ FS - Fee Simple Tenure ⋅ 2 DOM ⋅ Ilikai Apt Bldg BLDG.

Serene 19th-floor Ilikai residence with sweeping city-light views and an interior restyled in 2026, operating as a legal daily vacation rental. Unit #1915 features a divider that separates the king bed from the living area for added privacy, plus a queen sleeper sofa to sleep four. Approx. 500 sq ft of interior space plus a 120 sq ft lanai on the cooler mountain side of the building, with an open kitchen, split A/C and stylish furnishings conveyed for turnkey use. Not subject to the hotel’s mandatory cleaning/maintenance program, so owners can self-manage or choose their own manager. Fee simple. Resort amenities include two pools, on-site restaurants and shops, valet parking and 24-hour security, steps from the Hilton Lagoon, Ala Moana Beach Park, Ala Moana Center and Waikiki. Nineteen floors above the bustle, yet steps from it all.

1777 Ala Moana Boulevard Unit 1915, Honolulu

229 Paoakalani Avenue Unit 1404 (NUC), Honolulu

$650,000

1 Beds ⋅ 1 Baths ⋅ 202619860 MLS ⋅ FS - Fee Simple Tenure ⋅ 2 DOM ⋅ Waikiki Sunset BLDG.

Aston Waikiki Sunset is a highly popular, flexible and casual condo-tel just 2 blocks from Waikiki Beach. This spacious and rarely available 04 one-bedroom fully furnished suite is equipped with a full kitchen, two double beds, a private lanai facing the ocean and a stunning Diamond Head view to the east. This unit is in the Aston rental program and includes an NUC Non-Conforming Use Certificate. Owner use of the unit is allowed making this the perfect vacation rental home.

229 Paoakalani Avenue Unit 1404 (NUC), Honolulu

1700 Ala Moana Boulevard Unit 3104, Honolulu

$265,000

1 Baths ⋅ 202619827 MLS ⋅ FS - Fee Simple Tenure ⋅ 2 DOM ⋅ Waikiki Marina Condominium BLDG.

Completely renovated 31st-floor unit at the Waikiki Marina featuring exceptional sweeping ocean and sunset views. Designed with functionality in mind, the residence features thoughtful built-in storage and clean, modern finishes. Enjoy your morning coffee or sunset cocktails while checking the surf right from your living room in this stunning one-bedroom, one-bath condo, which includes covered parking —an exceptional convenience in Waikiki. Ideally located at the entrance to Waikiki, you're within minutes of Ala Moana Center, Ala Moana Beach Park, and world-class dining, shopping, and entertainment—a move-in-ready opportunity with style, storage, views, and Friday night fireworks

1700 Ala Moana Boulevard Unit 3104, Honolulu

201 Ohua Avenue Unit 3207 T2 (NUC), Honolulu

$729,000

1 Beds ⋅ 1 Baths ⋅ 202619828 MLS ⋅ FS - Fee Simple Tenure ⋅ 2 DOM ⋅ Waikiki Banyan BLDG.

This apt is a Legal Short-Term Rental with a Non-Conforming Use Certificate (NUC) condominium in the heart of Waikiki...one unassigned parking is also included. ...a terrific buy in todays' market. High floor well-maintained unit in the highly desirable Waikiki Banyan! Located just a block away from the famous Waikiki Beach with restaurants, shopping, entertainment, Honolulu Zoo, and Kapiolani Park. The Waikiki Banyan - a highly sought after building, known for its fantastic amenities which has been updated and completed in 2026 including a pool, whirlpools, BBQ areas, tennis court, Sauna & large recreation deck – all perfect for entertaining or relaxation. With 24-hour security, a convenient café, and on-site laundry facilities,

201 Ohua Avenue Unit 3207 T2 (NUC), Honolulu

1777 Ala Moana Boulevard Unit 2118, Honolulu

$699,000

1 Baths ⋅ 202619164 MLS ⋅ FS - Fee Simple Tenure ⋅ 2 DOM ⋅ Ilikai Apt Bldg BLDG.

Experience the best of island living at the iconic Ilikai Apartment Building! Located on the 21st floor, this desirable unit offers beautiful lagoon and harbor views and the opportunity to enjoy Hawaii's tropical lifestyle. Ideally situated at the gateway to Waikiki, just moments from the beach, Ala Moana Shopping Center, restaurants, and world-class shopping. Located in a legal short-term rental building, this property offers excellent flexibility for personal use, a vacation retreat, or rental investment opportunities. Currently managed by Waikiki Beach Rentals.com. The Ilikai is renowned for its resort-style atmosphere, convenient location, and desirable amenities. Don't miss this opportunity to own a piece of paradise in one of Waikiki's most iconic landmark buildings!

1777 Ala Moana Boulevard Unit 2118, Honolulu

1920 Ala Moana Boulevard Unit 808, Honolulu

$105,000

1 Baths ⋅ 202619823 MLS ⋅ LH - Leasehold Tenure ⋅ 2 DOM ⋅ Inn On The Park BLDG.

TURNKEY, FULLY FURNISHED LEGAL SHORT TERM RENTAL IN WAIKIKI! This fully furnished studio is ready for its next owner, whether you're looking for an investment property or your own place in paradise. The building offers 24/7 security, a swimming pool, and convenient on-site laundry facilities. Located just a short walk from the beach, Ala Moana Shopping Center, restaurants, and shopping, you'll have everything Waikiki has to offer right at your doorstep. A great opportunity to own a furnished studio in one of Oahu's most desirable vacation destinations!

1920 Ala Moana Boulevard Unit 808, Honolulu

$110,000

1 Beds ⋅ 1 Baths ⋅ 202619801 MLS ⋅ LH - Leasehold Tenure ⋅ 3 DOM ⋅ Kalia BLDG.

Welcome to your tranquil city-view retreat at The Kalia, 425 Ena Rd. This fully furnished 1BR/1BA offers 514 sq ft of serene interior living plus an 86 sq ft private covered lanai with open city views and gentle trade winds. Fully renovated in 2015 and never rented, this peaceful home was only enjoyed a few winter months each year and is exceptionally well maintained. Features warm laminated flooring in the living room and bedroom, bright open layout with ceiling fans, large sliding doors for seamless indoor-outdoor living, modern galley kitchen with cherry cabinets, quartz counters, glass backsplash and stainless appliances, plus an updated bath with walk-in shower and quartz vanity. Unwind on your spacious lanai and enjoy tranquil city lights and quiet evenings. Nestled in a gated garden oasis with lush tropical landscaping, saltwater pool, BBQ area, library, laundry and resident manager. Just steps to Ala Moana Center, Waikiki Beach, Hilton Lagoon, Fort DeRussy Park, dining, shopping and bus lines. A pristine, peaceful, move-in ready, lock-and-leave home offering calm island living with unbeatable convenience.

425 Ena Road Unit #607B, 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.

Waikiki Homes under $1.25 million

Newest Waikiki Homes under $1.25 million

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