Hawaii Living

Discovery Bay #2216 (Waikiki)

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  • Asking Price: $318,000
  • Beds: 1
  • Baths: 1
  • Living: 724 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 450 / month
  • Fee Purchase: Not available
  • Balcony: 128 sqft
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $895 / month
  • Property Taxes: $138 / month ?
  • Est. Mortgage: $1,073 /mo - adjust loan
  • Time Listed for Sale: 35 days
  • Status: Escrow / Under Contract
    (since Jan 21, 2022)
     ?
  • Buy without visiting ?
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1778 Ala Moana Blvd #2216, Honolulu

Agency Info

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly:
Mei Ling Ng (R)
RB-16276
Marina Hawaii Vacations
Phone: (808) 946-0716

Description
Enjoy Island living! Prefers "16" stack & upgraded large size one bedroom overlooking Diamond Head. Monthly Rental Income $3,600. Spacious end unit with enclosed lanai. 24/7 secured building. View of Sunrise, City and Mountain. Amenities include: Exercise rooms, Sun Deck, Swimming Pool, Sauna, Whirlpool, 8 BBQ stations. Just across from the Ilikai & Hilton Hawaiian Village Hotel. Close to Public transportation, Ala Moana Shopping Center, Beach, Restaurants. and Magic Island. Association owns 62% of the beneficial fee interest & on-going negotiation of the remaining 38% to make this a fee simple building. Premier location!
Recent Activity
  • Jan 21, 2022 In Escrow
  • Dec 16, 2021 Listed at $318,000
  • Sep 19, 2021 Withdrawn
  • Aug 03, 2021 Back to Active
  • Jul 06, 2021 Temp. Withdrawn
  • May 17, 2021 Listed at $309,000
  • Jul 13, 2020 Withdrawn
  • May 12, 2020 Temp. Withdrawn
  • Feb 27, 2020 Listed at $299,000
  • Feb 15, 2019 Sold for $239,000
  • Dec 07, 2018 In Escrow
  • Dec 03, 2018 Listed at $239,000
  • Feb 18, 2016 Withdrawn
  • Dec 28, 2015 Back to Active
  • Dec 21, 2015 In Escrow
  • Nov 28, 2015 Price $249,000
  • Apr 22, 2015 Price $289,000
  • Dec 01, 2014 Listed at $329,000
Sold
  • #1818: 1 Beds | 1 Bath @ $230K (1/24/22)
  • #3016: 1 Beds | 1 Bath @ $280K (1/19/22)
  • #3510: Studio | 1 Bath @ $220K (1/14/22)
  • #814: 2 Beds | 2 Baths @ $395K (12/30/21)
  • #3211: 2 Beds | 2 Baths @ $511K (12/28/21)
  • #2717: 1 Beds | 1 Bath @ $217K (12/17/21)
  • #2410: Studio | 1 Bath @ $210K (12/13/21)
  • #802: 1 Beds | 1 Bath @ $200K (12/10/21)
  • #4103: 1 Beds | 1 Bath @ $328K (12/6/21)
  • #1811: 2 Beds | 2 Baths @ $418K (12/3/21)
  • #3314: 2 Beds | 2 Baths @ $480K (12/2/21)
  • #1118: 1 Beds | 1 Bath @ $249K (11/30/21)
  • #3220: Studio | 1 Bath @ $212K (11/23/21)
  • #1519: 1 Beds | 1 Bath @ $285K (11/18/21)
  • #2906: 1 Beds | 1 Bath @ $275K (11/16/21)
  • #2716: 1 Beds | 1 Bath @ $299K (11/9/21)
  • #1902: 1 Beds | 1 Bath @ $255K (11/5/21)
  • #3620: Studio | 1 Bath @ $212K (11/5/21)
  • #2408: 1 Beds | 1 Bath @ $255K (11/5/21)
  • #1919: 1 Beds | 1 Bath @ $299K (11/2/21)
  • #PH11: 1 Beds | 1 Bath @ $725K (10/15/21)
  • #2306: 2 Beds | 2 Baths @ $260K (10/15/21)
  • #2304: 2 Beds | 2 Baths @ $400K (9/30/21)
  • #3602: 1 Beds | 1 Bath @ $335K (9/16/21)
  • #3216: 1 Beds | 1 Bath @ $265K (9/16/21)
  • #4018: 1 Beds | 1 Bath @ $226K (9/7/21)
  • #2307: 1 Beds | 1 Bath @ $250K (8/16/21)
  • #1409: 1 Beds | 1 Bath @ $280K (7/21/21)
  • #1712: 1 Beds | 1 Bath @ $310K (7/21/21)
  • #PH3: 2 Beds | 2 Baths @ $675K (7/14/21)
  • #1801: 2 Beds | 2 Baths @ $410K (5/28/21)
  • #1914: 2 Beds | 2 Baths @ $346K (5/25/21)
  • #2814: 2 Beds | 2 Baths @ $375K (5/24/21)
  • #1713: 1 Beds | 1 Bath @ $270K (5/17/21)
  • #2502: 1 Beds | 1 Bath @ $292K (5/11/21)
  • #1211: 2 Beds | 2 Baths @ $400K (4/30/21)
  • #3213: 1 Beds | 1 Bath @ $260K (4/30/21)
  • #1514: 2 Beds | 2 Baths @ $400K (4/28/21)
  • #3410: Studio | 1 Bath @ $248K (4/19/21)
  • ##4007: 1 Beds | 1 Bath @ $209K (3/22/21)
  • #3017: 1 Beds | 1 Bath @ $230K (3/22/21)
  • #3812: 1 Beds | 1 Bath @ $235K (3/12/21)
  • #915: Studio | 1 Bath @ $164K (3/5/21)
  • #2416: 1 Beds | 1 Bath @ $215K (3/4/21)
  • #1006: 1 Beds | 1 Bath @ $183K (2/19/21)
  • #1711: 2 Beds | 2 Baths @ $375K (2/19/21)
  • #3903: 1 Beds | 1 Bath @ $265K (2/10/21)
  • #3011: 2 Beds | 2 Baths @ $400K (12/31/20)
  • #3704: 2 Beds | 2 Baths @ $400K (12/18/20)
  • #3513: 1 Beds | 1 Bath @ $240K (12/14/20)
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $1.24
  • Price / Interior Sf: $439
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Zoning: AM - Apartment Mixed Use
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Mckinley
  • View: City, Diamond Head, Mountain, Sunrise
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana Mgt
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Pool on Property, Recreation Area, Resident Manager, Restaurant, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-468
  • Tax Assessed Land: $13,500
  • Tax Assessed Improvements: $460,100
  • Tax Assessed Total: $473,600
  • Courtesy: Marina Hawaii Vacations
  • MLS: 202130225
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 29, 2022. Information is deemed reliable but not guaranteed.
Other Discovery Bay Listings
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Leasehold
$235,000
Discovery Bay #2715
Studio | 1 BaBa
464 sqft
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Leasehold
$225,000
Discovery Bay #3215
Studio | 1 BaBa
464 sqft
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Leasehold
$518,000
Discovery Bay #3514
2 BdsBd | 2 BaBa
1,003 sqft
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
Other Waikiki Condos
Aloha Lani #1209
1 Beds | 1 Baths
413 sqft
Villa On Eaton Square #2508
1 Beds | 1 Baths
582 sqft
Kalakauan #505
1 Beds | 1 Baths
437 sqft
Foster Tower #1503
1 Beds | 1 Baths
814 sqft
444 Nahua #1104
1 Beds | 1 Baths
531 sqft
Pacific Monarch #1006
1 Beds | 1 Baths
443 sqft
  • Asking Price: $318,000
Description
Enjoy Island living! Prefers "16" stack & upgraded large size one bedroom overlooking Diamond Head. Monthly Rental Income $3,600. Spacious end unit with enclosed lanai. 24/7 secured building. View of Sunrise, City and Mountain. Amenities include: Exercise rooms, Sun Deck, Swimming Pool, Sauna, Whirlpool, 8 BBQ stations. Just across from the Ilikai & Hilton Hawaiian Village Hotel. Close to Public transportation, Ala Moana Shopping Center, Beach, Restaurants. and Magic Island. Association owns 62% of the beneficial fee interest & on-going negotiation of the remaining 38% to make this a fee simple building. Premier location!
Agency Info

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly:
Mei Ling Ng (R)
RB-16276
Marina Hawaii Vacations
Phone: (808) 946-0716

    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 29, 2022. Information is deemed reliable but not guaranteed.
    • Jan 21, 2022 In Escrow
    • Dec 16, 2021 Listed at $318,000
    • Sep 19, 2021 Withdrawn
    • Aug 03, 2021 Back to Active
    • Jul 06, 2021 Temp. Withdrawn
    • May 17, 2021 Listed at $309,000
    • Jul 13, 2020 Withdrawn
    • May 12, 2020 Temp. Withdrawn
    • Feb 27, 2020 Listed at $299,000
    • Feb 15, 2019 Sold for $239,000
    • Dec 07, 2018 In Escrow
    • Dec 03, 2018 Listed at $239,000
    • Feb 18, 2016 Withdrawn
    • Dec 28, 2015 Back to Active
    • Dec 21, 2015 In Escrow
    • Nov 28, 2015 Price $249,000
    • Apr 22, 2015 Price $289,000
    • Dec 01, 2014 Listed at $329,000
    • 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 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
    Other Discovery Bay Listings
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    Leasehold
    $235,000
    Discovery Bay #2715
    Studio | 1 BaBa
    464 sqft
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    Leasehold
    $225,000
    Discovery Bay #3215
    Studio | 1 BaBa
    464 sqft
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    Leasehold
    $518,000
    Discovery Bay #3514
    2 BdsBd | 2 BaBa
    1,003 sqft
    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.