Hawaii Living

Discovery Bay #2014 (Waikiki)

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  • Sold 12/8/17 at $292,500
    (List Price: $310,000)
  • Beds: 2
  • Baths: 2
  • Living: 1,031 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 573 / month
  • Fee Purchase: Not available
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $1,015 / month
  • Property Taxes: $170 / month ?
  • Est. Mortgage: $1,046 /mo - adjust loan
  • Days on Market: 16 days
  • Status: Sold
  • Buy without visiting ?
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1778 Ala Moana Blvd #2014, Honolulu

This property was sold December 08, 2017 for $292,500
Description
Resolution Tower. High floor 2-bedroom, 2-bath unit with enclosed lanai captures the wonderful ocean and marina views surrounding the entrance of Waikiki. Highlight your personal style with this open floor plan as your canvas! Covered parking conveniently located at entrance to building. A variety of shops and restaurants located on ground floor of building. Short walk to Magic Island, Ala Moana Beach Park, Hilton Lagoon for weekly fireworks, Ala Moana Shopping Center and more!
Past Activity
  • Dec 08, 2017 Sold for $292,500
  • Sep 08, 2017 In Escrow
  • Aug 23, 2017 Listed at $310,000
  • Jul 26, 2015 Expired
  • Jan 26, 2015 Listed at $380,000
More Details
  • HOA Fees / Interior Sf: $0.98
  • Price / Interior Sf: $301
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Other Common Expenses, Sewer, Water
  • Owner, Tax & Resale History: Click here
  • Zoning: X2 - Apartment Precinct
  • Any View: City, Marina/Canal, Ocean
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana
  • Security Features: Key, Security Patrol
  • Amenities: BBQ, Exercise Room, Patio/Deck, Pool, Recreation Area, Resident Manager, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-446
  • Tax Assessed Land: $38,300
  • Tax Assessed Improvements: $544,800
  • Tax Assessed Total: $583,100
  • Courtesy: Island, REALTORS
  • MLS: 201718144
Related Articles
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on June 15, 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
Resolution Tower. High floor 2-bedroom, 2-bath unit with enclosed lanai captures the wonderful ocean and marina views surrounding the entrance of Waikiki. Highlight your personal style with this open floor plan as your canvas! Covered parking conveniently located at entrance to building. A variety of shops and restaurants located on ground floor of building. Short walk to Magic Island, Ala Moana Beach Park, Hilton Lagoon for weekly fireworks, Ala Moana Shopping Center and more!
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on June 15, 2021. 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.