Waikiki Homes under $1.25 million

Welcome to Waikiki, a vibrant neighborhood nestled in the heart of Honolulu, Oahu, Hawaii. Known for its stunning beaches, lively atmosphere, and rich cultural heritage, Waikiki is a paradise for both residents and visitors alike. With the iconic Diamond Head as a backdrop, this area offers a unique blend of urban convenience and natural beauty, making it one of the most sought-after locales in Hawaii.

Waikiki is not just a destination for tourists; it’s a thriving community with a variety of homes available for under $1.25 million. Here, you can find charming condos, cozy townhomes, and even some single-family residences, all within close proximity to the sparkling waters of the Pacific Ocean. Imagine waking up to the sound of waves crashing and the scent of salt in the air, all while enjoying the comforts of your own home.

The neighborhood boasts a plethora of amenities, including world-class dining, shopping, and entertainment options. Stroll along the famous Waikiki Beach, indulge in local cuisine at oceanfront restaurants, or take part in exciting water sports. For those who appreciate nature, the nearby Kapiolani Park offers lush greenery and recreational activities, providing a perfect escape from the hustle and bustle of city life.

With its vibrant culture, stunning landscapes, and a welcoming community, Waikiki is not just a place to live; it’s a lifestyle. Discover your dream home in this enchanting neighborhood and experience the best of island living!

Newest Waikiki Homes under $1.25 million

1920 Ala Moana Boulevard Unit 1515, Honolulu

$132,000

1 Baths ⋅ 202618942 MLS ⋅ LH - Leasehold Tenure ⋅ Inn On The Park BLDG.

Coastal Views from this unit in Waikiki! Take in sweeping vistas of the ocean, Diamond Head, the cityscape, and Fort DeRussy Park from this beautifully maintained residence. This property offers an exceptional investment opportunity in an unbeatable location. Enjoy ultimate convenience within walking distance of world-class beaches, public transit, and Ala Moana Shopping Center. Secure building with on-site parking available for rent if available. A must-see!

1920 Ala Moana Boulevard Unit 1515, Honolulu

Listing courtesy of Locations LLC.

$465,000

1 Beds ⋅ 1 Baths ⋅ 202618948 MLS ⋅ FS - Fee Simple Tenure ⋅ Waikiki Lanais BLDG.

Rare corner-end penthouse opportunity at Waikiki Lanais, offering an exceptional blend of style, comfort, and sweeping Honolulu views. This beautifully updated 1-bedroom residence features a striking stone accent wall, plantation shutters, and a private lanai with panoramic views of Diamond Head, Ala Wai Canal, surrounding mountains, and city skyline. Freshly remodeled in 2026, just before hitting the market, the bathroom showcases elegant white tile extending to the ceiling, smooth refinished walls, fresh paint, glossy white cabinetry, and granite countertops, creating a clean, contemporary retreat. The updated kitchen features granite countertops, stainless steel appliances, a French-door refrigerator, 5-burner gas range, and breakfast bar seating. Laminate and tile flooring flow throughout, while window AC units in both the living room and bedroom provide added comfort year-round. Enjoy your morning coffee or relax at sunset on your private penthouse lanai. This gated building offers a recreation deck, pool, sauna, exercise room, and bike/surfboard storage. Experience elevated island living in the heart of Waikiki, moments from beaches, shopping, dining, and entertainment.

2452 Tusitala Street Unit 9, Honolulu

Listing courtesy of Keller Williams Honolulu.

1700 Ala Moana Boulevard Unit 1802, Honolulu

$220,000

1 Baths ⋅ 202618899 MLS ⋅ FS - Fee Simple Tenure ⋅ Waikiki Marina Condominium BLDG.

Enjoy island living from this turnkey Waikiki studio featuring ocean views and the convenience of 1 assigned parking stall. This fee-simple residence offers 386 sq. ft. of efficiently designed living space with central air conditioning and secure keyed elevator access—ideal as a primary residence, second home, or investment opportunity. Perfectly positioned on the desirable Ala Moana side of Waikiki, you'll enjoy convenient access in and out of the neighborhood while being within walking distance of Ala Moana Center, Ala Moana Beach Park, Waikiki beaches, the Hawaii Convention Center, restaurants, shopping, bus lines, parks, and more. Waikiki Marina Condominium offers amenities including a swimming pool, tennis court, whirlpool, and community laundry. With its ocean view, assigned parking, turnkey condition, and central location between Waikiki and Ala Moana, this studio offers a great opportunity to enjoy the convenience and lifestyle of one of Honolulu's most desirable areas

1700 Ala Moana Boulevard Unit 1802, Honolulu

Listing courtesy of Coldwell Banker Realty.

$545,000

2 Beds ⋅ 2 Baths ⋅ 202618920 MLS ⋅ FS - Fee Simple Tenure ⋅ Kailani BLDG.

RARE OPPORTUNITY to own a fee simple unit that is actually TWO homes behind one front door. This beautiful corner unit is a 1 bedroom, 1 bath with a separate entry studio with bath, each has its own entry off a shared foyer so perfect to live in one and rent the other! Multi-gen, rental income for one or both, or keep the entire unit as one residence. Very large covered lanai spaces to enjoy the trade winds. Includes one covered parking stall in the gated garage. Kailani is a secure, boutique building with only four units per floor, set just off Lewers Street, which keeps it quieter than most of Waikiki. New elevators, pool, community laundry on every other floor, and on-site resident manager. Beach Walk, the beach, and Waikiki restaurants are nearby, Pet friendly (verify). This is a truly rare opportunity to own in a fabulous community, book your showing today!

440 Lewers Street Unit 502, Honolulu

Listing courtesy of Koi Realty.

$540,000

2 Beds ⋅ 2 Baths ⋅ 202618913 MLS ⋅ FS - Fee Simple Tenure ⋅ Keoni Ana BLDG.

TWO PARKING STALLS! Lovely 2 Bedroom, 1 and a half Bath located on the cool side of the building. Beautiful views of the Mountains, Ala Wai Canal and Golf Course. Located on a shady tree lined street near shopping, beach, and restaurants. This condo has been upgraded with quality features from the original which includes kitchen counter and cabinets, bathrooms, and flooring throughout. New Bosch washer and dryer.

430 Keoniana Street Unit 1003, Honolulu

Listing courtesy of Arquette Properties Inc.

$305,000

1 Baths ⋅ 202618832 MLS ⋅ FS - Fee Simple Tenure ⋅ Hawaiian Monarch BLDG.

TURN-KEY LEGAL SHORT-TERM RENTAL IN WAIKIKI! Excellent investment opportunity in the heart of Waikiki at the Hawaiian Monarch. This fully furnished corner studio is a legal short-term rental and is vacation rental–ready, offering flexibility for both short- and long-term rentals. The functional layout includes a mini refrigerator, microwave, and hot plate, making it convenient for guests. Enjoy beautiful ocean views from a secure building with 24-hour security, an on-site manager, swimming pool, jacuzzi, BBQ area, fitness center, and community laundry. Conveniently located near world-famous Waikiki Beach, Fort DeRussy Park, Ala Moana Center, the Hawai‘i Convention Center, restaurants, shopping, and entertainment. The attached parking garage offers daily paid parking for owners and guests. Hawaiian Monarch is also known for its relatively low maintenance fees. A great opportunity to own a turn-key, legal short-term rental in one of O‘ahu’s most popular visitor destinations.

444 Niu Street Unit 1503, Honolulu

Listing courtesy of Locations LLC.

1909 Ala Wai Boulevard Unit 1206, Honolulu

$284,999

2 Beds ⋅ 1 Baths ⋅ 202618879 MLS ⋅ LH - Leasehold Tenure ⋅ Royal Aloha BLDG.

PRICED TO SELL! Royal Aloha 2BR/1BA, Legal Short-Term Rental in Waikiki Welcome to Royal Aloha, one of the few buildings in Waikiki's hotel resort zone that allows legal short-term rentals, including Airbnb. This 2-bedroom, 1-bath condo offers great rental income potential and is ideal for investors or anyone who wants a Waikiki getaway they can also rent out. Located at the beginning of Waikiki, you're a short walk from the Hilton Hawaiian Village for the Friday night fireworks and a beautiful beach. Food trucks and a car rental location are close by, and Waikiki's famous shopping and fine dining are just minutes away. Don't miss this one. Priced to sell!

1909 Ala Wai Boulevard Unit 1206, Honolulu

Listing courtesy of HD Realty Inc..

2345 Ala Wai Boulevard Unit 1907, Honolulu

$259,000

1 Baths ⋅ 202618837 MLS ⋅ FS - Fee Simple Tenure ⋅ Fairway Villa BLDG.

Welcome to Fairway Villa, one of Waikiki's sought after buildings. This Beautifully maintained studio condo is located on the 19th floor with sweeping vista of the majestic mountains, partial ocean, and city views — all from your private lanai. Inside the bright and airy studio features an efficient layout with large sliding glass doors that invite in the island breeze and natural light. Whether you're seeking a full-time residence, vacation retreat, or investment opportunity, this unit delivers exceptional versatility and value. Fairway Villa is a secure building with 24-hour security, and secure parking, excellent amenities including a rooftop pool, sauna, BBQ area, fire pit, guest parking, and stunning 360-degree views of Honolulu. Located just a few blocks from world-famous Waikiki Beach, International Market Place, restaurants, and shopping, this is urban island living at its finest. Other fee: cable ($61.95/MO) & special assessment ending in 2035 ($109.18.)

2345 Ala Wai Boulevard Unit 1907, Honolulu

Listing courtesy of Help-U-Sell Honolulu Prop..

$775,000

1 Baths ⋅ 202617898 MLS ⋅ FS - Fee Simple Tenure ⋅ The Ritz-Carlton Residences - 383 Kalaimoku BLDG.

Enjoy this five-star resort style residence in one of the best Honolulu Luxury Hotels. Located in the heart of Waikiki, you are near the beach, dining, and shopping. Recognized with numerous awards for being the gold standard of hospitality, The Ritz-Carlton Residences offers a vast range of luxury amenities, making your stay here unforgettable. This fully furnished studio features a large floor plan with kitchen, one full bathroom, and a large lanai with ocean views. Located on the 12th floor overlooking Fort DeRussy Park, the residence enjoys stunning ocean views whilst being uniquely situated in the covered corner of the building. This allows for a dual aspect and privacy whilst being able to enjoy stunning sunsets off the spacious balcony. Currently participating in the hotel rental program, the residence pairs resort ownership with professionally managed rental opportunities. The seller has elected to opt out of the scheduled 2027 renovation project. Buyers are advised to conduct their own due diligence. Review the 3D walk through for close up detail my.matterport.com/show/?m=3GDsFaNxZcS

2139 Kuhio Avenue Unit 1212, Honolulu

Listing courtesy of eXp Realty.

$510,000

2 Beds ⋅ 2 Baths ⋅ 202617504 MLS ⋅ FS - Fee Simple Tenure ⋅ Leisure Heritage BLDG.

Rarely available corner residence with THREE lanais—one off the living room and each bedroom—in a prime Waikiki location! This 2-bedroom, 2-bath home offers exceptional value with 900 sf of interior living space with views of the canal, Ko‘olau Mountains, and city views. Enjoy central A/C, an in-unit washer/dryer, and one assigned parking stall. The maintenance fee covers all utilities including central AC and electricity! Building amenities include a pool with BBQ and a helpful site manager. Close to Waikiki’s beaches, Kapi‘olani Park, Honolulu Zoo, dining, and shopping, this home puts the best of Waikiki within easy reach.

311 Ohua Avenue Unit 802B, Honolulu

Listing courtesy of Real Broker.

1645 Ala Wai Boulevard Unit 605, Honolulu

$598,000

2 Beds ⋅ 2 Baths ⋅ 202618344 MLS ⋅ FS - Fee Simple Tenure ⋅ Marina Towers BLDG.

GREAT OPPORTUNITY to get into an AMAZING BUILDING in Residential Waikiki at a reasonable price. Remodel it with your Design Choices rather than someone else's! This home features three lanais and a Large expansive 17' by 20' Great Room with oversized glass doors that allow for true Hawaiian Style Indoor/ Outdoor Living. The kitchen is open to, but not in the Living room. The Primary bedroom is tucked privately in the back and features an additional 80 Square feet of Den/Office/Nursery space with no increase in HOA. Marina Towers is located on a restricted road in a residential area of Waikiki just one block from the ocean. You will find a grocery, bakery, coffee shops, restaurants, shopping, surfing, the beach and more just steps from your door. Building is 100% Insured, has impressive reserve funds, a reasonable maintenance fee, and no loans, assessments, or litigation. Amenities include a heated salt pool, BBQ's, an attractive recreation area, workout area, Locked bicycle, surfboard, and storage rooms as well as a car wash and attentive resident manager. An assigned storage space and parking are included in the sale. Create your dream home here!

1645 Ala Wai Boulevard Unit 605, Honolulu

Listing courtesy of Hawaii Home Finders.

1910 Ala Moana Boulevard Unit 37D, Honolulu

$495,000

1 Beds ⋅ 1 Baths ⋅ 202618732 MLS ⋅ FS - Fee Simple Tenure ⋅ Canterbury Pl BLDG.

Highly desired and well kept Canterbury Place situated ideally near Ala Moana and at the "Entrance" to Waikiki. Unit has an enclosed lanai, marble tiles and a special "Tatami" room. Unit needs work and the bathroom has been undergoing renovation and is not completed.

1910 Ala Moana Boulevard Unit 37D, Honolulu

Listing courtesy of TLC Realty LLC.

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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.