Hawaii Living

Discovery Bay #1611 (Waikiki)

1 / 17
  • Sold 6/22/22 at $460,000
    (List Price: $479,000)
  • Beds: 2
  • Baths: 2
  • Living: 1,131 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 597 / month
  • Fee Purchase: Not available
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $1,188 / month
  • Property Taxes: $183 / month ?
  • Est. Mortgage: $2,116 /mo - adjust loan
  • Time Listed for Sale: 134 days
  • Status: Sold
  • Buy without visiting ?
  • All Discovery Bay condos for sale »
  • All Waikiki condos for sale »

1778 Ala Moana Blvd #1611, Honolulu

This property was sold June 22, 2022 for $460,000
Description
Enjoy Island Living! Fabulous ocean, yacht harbor, city & sunset view in the desirable "11" stack. Upgraded corner unit. Well maintained 24/7 secured building with covered parking & enclosed lanai. Excellent location next to public transportation, minutes to beach, lagoon, shops and restaurants. Great amenities include swimming Pool, exercise rooms, sauna, sun deck, whirlpool, 8 BBQ stations. Across from Hilton Hawaiian Village Hotel. Close to Ala Moana shopping center & Magic Island. AOAO owns 62% of the beneficial fee interest & on-going negotiation of the remaining 38% to make this a fee simple building. Tenant lease ends on 8/3/22. Over $7,000 per month from 6/4 to 8/3/22. Premier Waikiki Location.
Past Activity
  • Jun 22, 2022 Sold for $460,000
  • May 29, 2022 In Escrow
  • Apr 27, 2022 Price $479,000
  • Feb 04, 2022 Back to Active
  • Jan 21, 2022 In Escrow
  • Jan 05, 2022 Back to Active
  • Dec 20, 2021 In Escrow
  • Dec 16, 2021 Listed at $489,000
  • Jan 01, 2019 Expired
  • Feb 23, 2018 Listed at $459,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $1.05
  • Price / Interior Sf: $424
  • HOA Fees Include: Cable TV, Coop Taxes, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Year Remodeled: 2019
  • Zoning: AM - Apartment Mixed Use
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Mckinley
  • View: City, Ocean, Sunrise, Sunset
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana Mgt
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Restaurant, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-403
  • Tax Assessed Land: $17,900
  • Tax Assessed Improvements: $611,000
  • Tax Assessed Total: $628,900
  • Courtesy: Marina Hawaii Vacations
  • MLS: 202130227
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on July 01, 2022. 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
Enjoy Island Living! Fabulous ocean, yacht harbor, city & sunset view in the desirable "11" stack. Upgraded corner unit. Well maintained 24/7 secured building with covered parking & enclosed lanai. Excellent location next to public transportation, minutes to beach, lagoon, shops and restaurants. Great amenities include swimming Pool, exercise rooms, sauna, sun deck, whirlpool, 8 BBQ stations. Across from Hilton Hawaiian Village Hotel. Close to Ala Moana shopping center & Magic Island. AOAO owns 62% of the beneficial fee interest & on-going negotiation of the remaining 38% to make this a fee simple building. Tenant lease ends on 8/3/22. Over $7,000 per month from 6/4 to 8/3/22. Premier Waikiki Location.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on July 01, 2022. Information is deemed reliable but not guaranteed.
  • 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
 
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.