Welcome to the iconic Ilikai Apartment Building #2002, a desirable 1-bedroom, 1-bath residence offering a rare combination of waterfront living and legal short-term rental flexibility in Waikiki. Situated on the preferred marina side, this 20th-floor residence showcases unobstructed ocean views overlooking the Ala Wai Yacht Harbor, Magic Island, and the Pacific Ocean. Enjoy spectacular sunsets from the spacious 120-square-foot lanai, ideal for outdoor dining, relaxing, and taking in the beautiful surroundings. The fully furnished residence features split air conditioning and a functional floor plan, offering a turnkey rental opportunity or personal Waikiki retreat. Located within Waikiki's resort zoning, the Ilikai allows legal short-term vacation rentals, with flexibility to use an independent property manager or the optional hotel rental program. Enjoy swimming pools, on-site dining, and a convenient location near Duke Kahanamoku Beach and Lagoon, Ala Moana Beach Park, Magic Island, Ala Moana Center, and Waikiki's shopping, dining, and entertainment. Few Waikiki condo-hotels offer this combination of marina-front location, dramatic ocean views, and rental flexibility.