Island Colony. This studio, one-bath unit located in Waikiki is now available for a short or long rental. Located in the heart of Waikiki on Seaside Avenue and right off Ala Wai Boulevard along the canal. Relax on the lanai to enjoy the gorgeous ocean, canal, mountain, and city views. With the beach being just two short blocks away, as well as restaurants, grocery stores, and stores for just about everyone, you'll find everything you need at the tip of your fingers. For short term rental rates, please inquire within. Short term utilities differ from long term utilities.