Coconut is awesome. . .it is further away from the busy parts (main tourist hubs) of Waikiki. So there is less tourist foot traffic around the property, which is nice. However, as you have a more quiet street, that means that you do need to walk about 10 minutes to get to the beach, which does suck if you have little kids and you are hauling chairs / towels / ocean toys etc. However, if you don't mind walking, you will get about 15k steps a day getting around Waikiki. Close enough to everything, but not too close to everything.