Best Value! - Luxury 5-star living at the award-winning Ritz-Carlton Residences in the 'newer' Diamond Head Tower! Enjoy the white-glove Ritz-Carlton full valet and signature concierge services. This pristine, fully furnished unit has granite countertops, upscale appliances, a washer and dryer, and a sleeper sofa. This large 511 sq ft studio feels like a one-bedroom because of the clever, unique design and privacy partition wall. Enjoy fantastic ocean views, magical sunsets, and fireworks on Friday night beyond Fort DeRussy Park. Top amenities include two pools, a full spa with a sauna, three restaurants, a state-of-the-art fitness center, a yoga studio, and a business center. Room service & housekeeping are always available, and owners get discounts at the restaurants. The exceptionally low property tax rate is due to the current 'Dedication for Residential Use,' which allows for rental terms of 30+ days. If you rent as a short-term rental (<30-day rental terms), the property tax rate will revert to the higher Hotel/Resort property tax rate. Your perfect second home, primary residence in paradise, or vacation getaway. $167.27/mo Other Fee = Reserve Funds.