Hawaii Living

Discovery Bay #2015 (Waikiki)

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1778 Ala Moana Blvd #2015, Honolulu

This property was sold August 27, 2019 for $169,500
Description
The most desirable LEASEHOLD building in Waikiki. This spacious 464 sqft studio condo located on the mid level 20th floor offers the brilliant colors of city light view and the cool trade breezes. Improvements include laminate & tile floorings, ceiling fan, full size washer/dryer, built-in shelves, a well maintained condition to appreciate. This studio has a full kitchen and a parking stall, great for a rental investment, a 2nd home or call it your home sweet home. Discovery Bay is a secured, well maintained residential condo building with onsite boutique shops, eateries, and in short distances to the beaches and the essentials of the world's famous resort Waikiki location. View additional pictures and 360 tour with inter-active floor plan at http://bit.ly/DiscoveryBay2015
Past Activity
  • Aug 27, 2019 Sold for $169,500
  • Jul 12, 2019 In Escrow
  • May 24, 2019 Price $173,000
  • Apr 15, 2019 Listed at $183,000
  • Apr 15, 2019 Expired
  • Mar 22, 2019 Listed at $188,000
  • Mar 22, 2019 Expired
  • Jan 14, 2019 Listed at $198,000
  • Jan 13, 2019 Expired
  • Oct 29, 2018 Listed at $198,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $0.95
  • Price / Interior Sf: $373
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Other Common Expenses, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Diamond Head, Mountain
  • Owner Occupancy: 40%
  • Management Company: Hawaiian Mgmt
  • Security Features: Gated Community, Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Heated Pool, Patio/Deck, Pool, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-447
  • Tax Assessed Land: $17,000
  • Tax Assessed Improvements: $310,500
  • Tax Assessed Total: $327,500
  • Courtesy: BHGRE Advantage Realty
  • MLS: 201910738
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
    The most desirable LEASEHOLD building in Waikiki. This spacious 464 sqft studio condo located on the mid level 20th floor offers the brilliant colors of city light view and the cool trade breezes. Improvements include laminate & tile floorings, ceiling fan, full size washer/dryer, built-in shelves, a well maintained condition to appreciate. This studio has a full kitchen and a parking stall, great for a rental investment, a 2nd home or call it your home sweet home. Discovery Bay is a secured, well maintained residential condo building with onsite boutique shops, eateries, and in short distances to the beaches and the essentials of the world's famous resort Waikiki location. View additional pictures and 360 tour with inter-active floor plan at http://bit.ly/DiscoveryBay2015
    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.