Hawaii Living

Discovery Bay #1203 (Waikiki)

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1778 Ala Moana Blvd #1203, Honolulu

This property was sold June 26, 2020 for $190,000
Description
Specious one bedroom unit with an enclosed lanai. Beautiful Ocean views located 12th floor in the Endeavor Tower. Secured building comes with 1 assigned covered parking stall located 4th floor. Discovery Bay is a secured, well maintained residential condo building with on site shops, restaurants, and short distances to the beaches and the essentials of the world's famous resort Waikiki location. The most desirable LEASEHOLD building in Waikiki. LEASEHOLD condo; association owns 62+% of the beneficial fee interest. This is a residential building and rental period is minimum 30 days.
Past Activity
  • Jun 26, 2020 Sold for $190,000
  • Jun 10, 2020 In Escrow
  • Apr 30, 2020 Price $208,000
  • Apr 15, 2020 Listed at $228,000
  • Mar 09, 2016 Sold for $227,000
  • Jan 26, 2016 In Escrow
  • Jul 07, 2015 Listed at $253,000
  • May 11, 2015 Withdrawn
  • Dec 28, 2014 Price $260,000
  • Nov 30, 2014 Listed at $295,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $0.98
  • Price / Interior Sf: $270
  • HOA Fees Include: Cable TV, Hot Water, Other Common Expenses, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • View: City, Mountain, Ocean, Sunset
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana
  • Security Features: Gated Community, Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Fire Sprinkler, Patio/Deck, Resident Manager, Restaurant, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-33
  • Tax Assessed Land: $11,900
  • Tax Assessed Improvements: $419,100
  • Tax Assessed Total: $431,000
  • Courtesy: Coldwell Banker Pacific Prop.
  • MLS: 202008142
Blog
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    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 23, 2021. Information is deemed reliable but not guaranteed.
    About Discovery Bay
    • 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 AOAO an ability to work towards offering the owners the fee.
    Upon lease expiry - year 2039 - all parties with an interest in the land have to come to an agreement. Since the owners have an interest in the fee, they cannot be asked to vacate their unit, as is the case with many leasehold properties. 

    About Discovery Bay
    The Discovery Bay condo is another of Waikiki's dual streng  ....click here to read more
    Description
    Specious one bedroom unit with an enclosed lanai. Beautiful Ocean views located 12th floor in the Endeavor Tower. Secured building comes with 1 assigned covered parking stall located 4th floor. Discovery Bay is a secured, well maintained residential condo building with on site shops, restaurants, and short distances to the beaches and the essentials of the world's famous resort Waikiki location. The most desirable LEASEHOLD building in Waikiki. LEASEHOLD condo; association owns 62+% of the beneficial fee interest. This is a residential building and rental period is minimum 30 days.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 23, 2021. Information is deemed reliable but not guaranteed.

    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 AOAO an ability to work towards offering the owners the fee.
    Upon lease expiry - year 2039 - all parties with an interest in the land have to come to an agreement. Since the owners have an interest in the fee, they cannot be asked to vacate their unit, as is the case with many leasehold properties. 

    About Discovery Bay
    The Discovery Bay condo is another of Waikiki's dual streng  ....click here to read more
     
    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 more about Oahu property taxes here.