Hawaii Living

Discovery Bay #1005 (Waikiki)

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Photo 1 of 1778 Ala Moana Blvd #1005, Honolulu
  • Sold 7/2/25 at $218,000
    (List Price: $218,000)
  • Beds: 0
  • Baths: 1
  • Living: 464 ft²
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 245 / month
  • Fee Purchase: $78,242
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $636 / month
  • Property Taxes: $119 / month ?
  • Est. Mortgage: $1,046 / mo - adjust loan
  • Time Listed for Sale: 54 days
  • Status: Sold
  • Buy without visiting ?
  • All Discovery Bay condos for sale »
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1778 Ala Moana Blvd #1005, Honolulu

Description
This LARGE HIGH CEILING studio is a fixer upper. Bring your contractor. The parking stall is on the same level as the unit. Great location for easy access to restaurants, convenience stores, Ala Moana shops, beaches, surf breaks, and on the Bus and trolley line. Seasoned building managed and Board of Directors with wonderful staff, 24-hour security, and all the amenities you need! Private showings. Amenities: Heated swimming pool, BBQ area, (2) exercise rooms, sauna, recreation/sunning area & whirlpool. Building is secure w/resident manager, security guard. Please allow at least 2 days for appointments, the unit is currently rented. The association is offering 96.893% of the lease fee interest for sale at $78,242.00 plus closing costs until July 31, 2025. The AOAO has the right to purchase the remaining lease fee interest before the lease ends on 12/31/2039. The unit owner has entered into a purchase contract to purchase the leased fee interest. This contract may be assigned to the buyer subject to the Association's consent to the assignment. Upon closing the unit will be 96.893% fee simple and 3.107% leasehold.
Past Activity
  • Jul 02, 2025 Sold for $218,000
  • Apr 28, 2025 Under Contract
  • Apr 22, 2025 Back to Active
  • Mar 28, 2025 Under Contract
  • Feb 08, 2025 Listed at $218,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.37
  • Price / ft²: $470
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • View: Other, Sunset
  • Furnished: Partial
  • Property Condition: Needs Major Repair
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana Mgmt
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Condo Association Pool, Exercise Room, Other, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Sauna, Security Guard, Storage, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-20
  • Tax Assessed Land: $14,300
  • Tax Assessed Improvements: $394,400
  • Tax Assessed Total: $408,700
  • Courtesy: TY Realty, Inc. / (808) 941-6675
  • MLS: 202503043
About Discovery Bay
  • Address: 1778 Ala Moana Blvd, Honolulu, HI 96815.
     
  • Built: 1977 with 633 Units on 42  Floors, Studio & 1 to 3BR Floor plans, Pets: OK (verify).
     
  • Amenities: Pool, Exercise Room, Sauna, BBQ Area, Many restaurants on bottom floors.
     
  • Short-term Vacation Renting: Not Allowed.

Discovery Bay condo sits just over the canal from Ala Moana. The homeowner’s association holds ~97% of the beneficial fee interest, with leased fees available for purchase directly from them - some owners have bought, others haven’t.

Location: A short   ..... Read more.

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 06, 2025.Information is deemed reliable but not guaranteed.
Other Discovery Bay Listings
$325,000
Discovery Bay #1015
Studio | 1 Ba
464 ft²
$348,000
Discovery Bay #3205
Studio | 1 Ba
464 ft²
$359,000
Discovery Bay
Studio | 1 Ba
465 ft²
$445,000
Discovery Bay #1217
1 Bd | 1 Ba
769 ft²
Other Waikiki Condos
$215,000
Ainahau Gardens #211
Studio | 1 Ba
300 ft²
$199,000
Pacific International #904
Studio | 1 Ba
215 ft²
$240,000
Waikiki Marina Condominium #1602
Studio | 1 Ba
386 ft²
$241,700
Pacific Islander #701A
1 Bd | 2 Ba
454 ft²
$245,000
Rosalei #402
1 Bd | 1 Ba
477 ft²
$250,000
Hawaiian Monarch #815
Studio | 1 Ba
223 ft²
  • Sold 7/2/25 at $218,000
    (List Price: $218,000)
Description
This LARGE HIGH CEILING studio is a fixer upper. Bring your contractor. The parking stall is on the same level as the unit. Great location for easy access to restaurants, convenience stores, Ala Moana shops, beaches, surf breaks, and on the Bus and trolley line. Seasoned building managed and Board of Directors with wonderful staff, 24-hour security, and all the amenities you need! Private showings. Amenities: Heated swimming pool, BBQ area, (2) exercise rooms, sauna, recreation/sunning area & whirlpool. Building is secure w/resident manager, security guard. Please allow at least 2 days for appointments, the unit is currently rented. The association is offering 96.893% of the lease fee interest for sale at $78,242.00 plus closing costs until July 31, 2025. The AOAO has the right to purchase the remaining lease fee interest before the lease ends on 12/31/2039. The unit owner has entered into a purchase contract to purchase the leased fee interest. This contract may be assigned to the buyer subject to the Association's consent to the assignment. Upon closing the unit will be 96.893% fee simple and 3.107% leasehold.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 06, 2025.Information is deemed reliable but not guaranteed.
    • Jul 02, 2025 Sold for $218,000
    • Apr 28, 2025 Under Contract
    • Apr 22, 2025 Back to Active
    • Mar 28, 2025 Under Contract
    • Feb 08, 2025 Listed at $218,000
    • Address: 1778 Ala Moana Blvd, Honolulu, HI 96815.
       
    • Built: 1977 with 633 Units on 42  Floors, Studio & 1 to 3BR Floor plans, Pets: OK (verify).
       
    • Amenities: Pool, Exercise Room, Sauna, BBQ Area, Many restaurants on bottom floors.
       
    • Short-term Vacation Renting: Not Allowed.

    Discovery Bay condo sits just over the canal from Ala Moana. The homeowner’s association holds ~97% of the beneficial fee interest, with leased fees available for purchase directly from them - some owners have bought, others haven’t.

    Location: A short   ..... Read more.

    Other Discovery Bay Listings
    $325,000
    Discovery Bay #1015
    Studio | 1 Ba
    464 ft²
    $348,000
    Discovery Bay #3205
    Studio | 1 Ba
    464 ft²
    $359,000
    Discovery Bay
    Studio | 1 Ba
    465 ft²
    $445,000
    Discovery Bay #1217
    1 Bd | 1 Ba
    769 ft²
     
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Leasehold Expiry: 12/31/39
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.