Palms at Waikiki #206 offers a rare opportunity to own a legal short-term rental in one of Waikikis premier condo-hotel destinations. This extra-large studio-approximately 550 sq. ft. of interior space-stands out with its generous layout and the added benefit of a dedicated parking stall, an uncommon advantage for STR properties in Waikiki. Situated on the 2nd floor (equivalent to the height of the 5th floor), this move-in-ready unit provides direct access from the lanai to the resort-style swimming pool and fitness room, creating a seamless indoor-outdoor experience for residents and guests. Perfect as an investment property or personal retreat, the unit features central air conditioning and is fully furnished for immediate use. All utilities are conveniently included in the maintenance fee, covering electricity, internet, hot water, sewer, and central AC-simplifying ownership and enhancing value. With its prime location across from Hilton Hawaiian Village and just moments from Waikiki Beach, shopping, dining, and island activities, this unit presents an exceptional blend of convenience, flexibility, and income potential in a highly desirable condo-hotel setting.