Hawaii Living

Discovery Bay #1320 (Waikiki)

  • Sold 8/14/23 at $220,000
    (List Price: $220,000)
  • Beds: 0
  • Baths: 1
  • Living: 464 ft²
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 245 / month
  • Fee Purchase: Not available
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $487 / month
  • Property Taxes: $126 / month ?
  • Est. Mortgage: $1,112 / mo - adjust loan
  • Time Listed for Sale: 2 days
  • Status: Sold
  • Buy without visiting ?
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1778 Ala Moana Blvd #1320, Honolulu

Description
This Cozy studio condominium is not your typical Waikiki Studio, and Discovery Bay is a wonderful choice if you are looking for a great location close to Waikiki Beach's, Ala Moana Beach Park, and Ala Moana Shopping Center. This unit has everything you need at a price you can afford, including a full sized kitchen, newly renovated bathroom, washer/dryer, central A/C, and 1 assigned covered parking space. This well managed building has 24/7 security, jacuzzi, pool, 2 exercise rooms, a large sun deck and 8 BBQ stations. Although this is a leasehold building, Discovery Bay Homeowners Association owns 62.7% of the beneficial fee interest, and the HOA is currently in the process of purchasing an additional 31% of the fee interest. This will bring the total beneficial fee simple interest to 94%. Being Sold in "As-Is' Condition.
Past Activity
  • Aug 14, 2023 Sold for $220,000
  • Jul 19, 2023 In Escrow
  • Jul 17, 2023 Listed at $220,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.05
  • Price / ft²: $474
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Year Remodeled: 2023
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Marina/Canal, Ocean, Sunset
  • Furnished: Full
  • Property Condition: Above Average
  • Owner Occupancy: 49%
  • Management Company: Hawaiiana
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Condo Association Pool, Exercise Room, Patio/Deck, Pool on Property, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-382
  • Tax Assessed Land: $7,900
  • Tax Assessed Improvements: $425,800
  • Tax Assessed Total: $433,700
  • Courtesy: John Keoni Welch / (808) 226-1728
  • MLS: 202316658
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 May 26, 2024. Information is deemed reliable but not guaranteed.
Other Discovery Bay Listings
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Leasehold
$279,000
Discovery Bay #1115
Studio | 1 Ba
464 ft²
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Leasehold
$289,000
Discovery Bay #1015
Studio | 1 Ba
464 ft²
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Leasehold
$310,000
Discovery Bay #2918
1 Bd | 1 Ba
683 ft²
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Leasehold
$320,000
Discovery Bay #1607
1 Bd | 1 Ba
683 ft²
Other Honolulu Condos
  • Sold 8/14/23 at $220,000
    (List Price: $220,000)
Description
This Cozy studio condominium is not your typical Waikiki Studio, and Discovery Bay is a wonderful choice if you are looking for a great location close to Waikiki Beach's, Ala Moana Beach Park, and Ala Moana Shopping Center. This unit has everything you need at a price you can afford, including a full sized kitchen, newly renovated bathroom, washer/dryer, central A/C, and 1 assigned covered parking space. This well managed building has 24/7 security, jacuzzi, pool, 2 exercise rooms, a large sun deck and 8 BBQ stations. Although this is a leasehold building, Discovery Bay Homeowners Association owns 62.7% of the beneficial fee interest, and the HOA is currently in the process of purchasing an additional 31% of the fee interest. This will bring the total beneficial fee simple interest to 94%. Being Sold in "As-Is' Condition.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 26, 2024. Information is deemed reliable but not guaranteed.
    • Aug 14, 2023 Sold for $220,000
    • Jul 19, 2023 In Escrow
    • Jul 17, 2023 Listed at $220,000
    • 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
    $279,000
    Discovery Bay #1115
    Studio | 1 Ba
    464 ft²
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    Leasehold
    $289,000
    Discovery Bay #1015
    Studio | 1 Ba
    464 ft²
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    Leasehold
    $310,000
    Discovery Bay #2918
    1 Bd | 1 Ba
    683 ft²
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    Leasehold
    $320,000
    Discovery Bay #1607
    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.