Welcome to Discovery Bay #1203, your gateway to vibrant Waikiki living! This tastefully updated and fully furnished 1-bedroom features an open layout with stylish bedroom barn doors and stunning views from both the living room and bedroom. Enjoy the comfort of your enclosed lanai, perfect as a relaxing sitting area or additional living space.This move-in ready unit includes a full kitchen, in-unit washer/dryer, and a prime assigned parking stall on the 4th level. Discovery Bay is a popular, well-managed building with resort-style amenities including a swimming pool, whirlpool, BBQ area, fitness center, and 24-hour security.Perfectly located near Ala Moana Center, world-famous beaches, dining, and entertainment, this condo is competitively priced for today’s market — making it an excellent primary residence, second home, or investment opportunity.The apartment is 96.893% fee simple and 3.107% leasehold with the option/right to purchase the remaining leased fee interest prior to expiration of lease; the lease rent is known for remaining term of the lease and the price of the remaining leased fee interest will be the appraised value at time of the purchase.
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.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 20, 2026.Information is deemed reliable but not guaranteed.
Welcome to Discovery Bay #1203, your gateway to vibrant Waikiki living! This tastefully updated and fully furnished 1-bedroom features an open layout with stylish bedroom barn doors and stunning views from both the living room and bedroom. Enjoy the comfort of your enclosed lanai, perfect as a relaxing sitting area or additional living space.This move-in ready unit includes a full kitchen, in-unit washer/dryer, and a prime assigned parking stall on the 4th level. Discovery Bay is a popular, well-managed building with resort-style amenities including a swimming pool, whirlpool, BBQ area, fitness center, and 24-hour security.Perfectly located near Ala Moana Center, world-famous beaches, dining, and entertainment, this condo is competitively priced for today’s market — making it an excellent primary residence, second home, or investment opportunity.The apartment is 96.893% fee simple and 3.107% leasehold with the option/right to purchase the remaining leased fee interest prior to expiration of lease; the lease rent is known for remaining term of the lease and the price of the remaining leased fee interest will be the appraised value at time of the purchase.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 20, 2026.Information is deemed reliable but not guaranteed.
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.
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.
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.
Property Taxes
Honolulu County Property Tax Info Real property tax rates in Honolulu are based on the property’s tax classification, as determined by the City & County.
Residential (0.35%) Applies to owner-occupied properties with an approved Home Exemption, or to properties with an assessed value under $1,000,000.
Residential A (Tiered) Applies to properties with an assessed value of $1,000,000+ where no Home Exemption is claimed (e.g., second homes, investment properties). First $1,000,000 taxed at 0.40% • Value above $1,000,000 taxed at 1.14%
Home Exemption A fixed deduction ($120,000–$160,000, depending on age) that reduces the taxable assessed value when approved.
