Hawaii Living

Discovery Bay #1016 (Waikiki)

  • Sold 11/4/22 at $250,000
    (List Price: $250,000)
  • Beds: 1
  • Baths: 1
  • Living: 852 ft²
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 450 / month
  • Fee Purchase: Not available
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $895 / month
  • Property Taxes: $134 / month ?
  • Est. Mortgage: $1,264 / mo - adjust loan
  • Time Listed for Sale: 5 days
  • Status: Sold
  • Buy without visiting ?
  • All Discovery Bay condos for sale »
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1778 Ala Moana Blvd #1016, Honolulu

Description
Extra high, 9' 4" ceilings! Remodeled, peaceful unit. New carpeting w/matching appliances, Corian counters, washer & dryer. Bonus office area w/enclosed lanai & sliding doors: great for remote workers.. Also, this unit has a 2' x 2' x 5 1/2' lockable storage closet Discovery Bay is known for it’s resort amenities including: large swimming pool, BBQ area, exercise room, sauna, recreation area & whirlpool. Secure building w/resident manager, security guard & secured lobby & elevator. Wonderful on the edge of Waikiki, conveniently close to Ala Moana Shopping Center, beaches, restaurants, Kaka'ako, the Convention Center & so much more! This unit is awesome for a first home buyer, long-term rental or investment property. Fully furnished & turnkey without the linens. AOAO is in the process of purchasing 62+% of the Beneficial Interest in the trust that owns the land under Discovery Bay. This means ownership of approximately 62% of the lease rents paid to the trust are returned to the AOAO. In 2021 that was over $2 million, In the first six months of 2022 $995,353. was paid to the AOAO. (figures are from Discovery Bay website: Beneficial Interest financials at Hawaiiana Management)
Past Activity
  • Nov 04, 2022 Sold for $250,000
  • Oct 12, 2022 In Escrow
  • Oct 07, 2022 Listed at $250,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.05
  • Price / ft²: $293
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: AC Central, Cable TV, Gas, Hot Water, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • View: City
  • Furnished: Full
  • Property Condition: Above Average
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana Mgmt
  • Security Features: Key, Keyed Elevator, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Heated Pool, Patio/Deck, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-352
  • Tax Assessed Land: $14,000
  • Tax Assessed Improvements: $485,300
  • Tax Assessed Total: $499,300
  • Courtesy: Hawaii Life / (800) 370-3848
  • MLS: 202216724
Good to Know
  • Address: 1778 Ala Moana Blvd, Honolulu, HI 96815.
  • Built in 1977 with 633 Units on 42  Floors, Studio & 1 to 3BR Floor plans, Pets: OK (verify).
  • Amenities include Pool, Exercise Room, Sauna, BBQ Area, Many restaurants on bottom floors.
  • The homeowners' association has purchased a 62% interest in the Fee.

Updates
The AOAO at Discovery Bay has an approximate 62% interest in the land and there are ~6 other interested parties holding the remaining 38% interest in the land. The AOAO is interested in buying these parties out, which, if successful, would give the AOA  .....
Read more.


The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 18, 2024. Information is deemed reliable but not guaranteed.
Other Discovery Bay Listings
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Leasehold
$289,000
Discovery Bay #1115
Studio | 1 Ba
464 ft²
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Leasehold
$320,000
Discovery Bay #1607
1 Bd | 1 Ba
683 ft²
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Leasehold
$350,000
Discovery Bay #3308
1 Bd | 1 Ba
683 ft²
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Leasehold
$350,000
Discovery Bay #3908
1 Bd | 1 Ba
683 ft²
Other Waikiki Condos
  • Sold 11/4/22 at $250,000
    (List Price: $250,000)
Description
Extra high, 9' 4" ceilings! Remodeled, peaceful unit. New carpeting w/matching appliances, Corian counters, washer & dryer. Bonus office area w/enclosed lanai & sliding doors: great for remote workers.. Also, this unit has a 2' x 2' x 5 1/2' lockable storage closet Discovery Bay is known for it’s resort amenities including: large swimming pool, BBQ area, exercise room, sauna, recreation area & whirlpool. Secure building w/resident manager, security guard & secured lobby & elevator. Wonderful on the edge of Waikiki, conveniently close to Ala Moana Shopping Center, beaches, restaurants, Kaka'ako, the Convention Center & so much more! This unit is awesome for a first home buyer, long-term rental or investment property. Fully furnished & turnkey without the linens. AOAO is in the process of purchasing 62+% of the Beneficial Interest in the trust that owns the land under Discovery Bay. This means ownership of approximately 62% of the lease rents paid to the trust are returned to the AOAO. In 2021 that was over $2 million, In the first six months of 2022 $995,353. was paid to the AOAO. (figures are from Discovery Bay website: Beneficial Interest financials at Hawaiiana Management)
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 18, 2024. Information is deemed reliable but not guaranteed.
    • Nov 04, 2022 Sold for $250,000
    • Oct 12, 2022 In Escrow
    • Oct 07, 2022 Listed at $250,000
    • Address: 1778 Ala Moana Blvd, Honolulu, HI 96815.
    • Built in 1977 with 633 Units on 42  Floors, Studio & 1 to 3BR Floor plans, Pets: OK (verify).
    • Amenities include Pool, Exercise Room, Sauna, BBQ Area, Many restaurants on bottom floors.
    • The homeowners' association has purchased a 62% interest in the Fee.

    Updates
    The AOAO at Discovery Bay has an approximate 62% interest in the land and there are ~6 other interested parties holding the remaining 38% interest in the land. The AOAO is interested in buying these parties out, which, if successful, would give the AOA  .....
    Read more.


    Other Discovery Bay Listings
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    Leasehold
    $289,000
    Discovery Bay #1115
    Studio | 1 Ba
    464 ft²
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    Leasehold
    $320,000
    Discovery Bay #1607
    1 Bd | 1 Ba
    683 ft²
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    Leasehold
    $350,000
    Discovery Bay #3308
    1 Bd | 1 Ba
    683 ft²
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    Leasehold
    $350,000
    Discovery Bay #3908
    1 Bd | 1 Ba
    683 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. However, the sale is still 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.