Wide differences in condo prices in Waikiki

[Scott B.]

Has anyone looked at real estate listings for Waikiki? The condo prices consistently range from 80k to 400k. Can anyone tell me why some condos in the same zipcode of waikiki beach are listed for dirt cheap for essentially the same square footage, zipcode, HOA fees....... Maybe the sub $150k condos don't look as nice and don't have an ocean view but to see such a HUGE range in prices tells me there is something else unique to these cheaper priced condo's that causes their prices to remain depressed. Any ideas?

Here is an example:

https://www.redfin.com/HI/Honolulu/417-Nohonani-St...

Thanks,

Scott