Hawaii Living

Discovery Bay #2304 (Waikiki)

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  • Sold 9/30/21 at $400,000
    (List Price: $370,000)
  • 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: $1,142 / month
  • Property Taxes: $146 / month ?
  • Est. Mortgage: $1,248 /mo - adjust loan
  • Days on Market: 6
  • Status: Sold
  • Buy without visiting ?
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1778 Ala Moana Blvd #2304, Honolulu

This property was sold September 30, 2021 for $400,000
Description
BRAND NEW LISTING In Discovery Bay! Enjoy stunning 180-degree views of the Pacific ocean, Waikiki Boat Harbor, Ala Moana beach park, Ala Wai and the Koolau Mountains. This spacious 2 bedroom 2 bathroom unit has granite countertops in the kitchen and updated baths, with custom tilework and central AC with 2 control zones. Enclosed lanai affords the unit more interior space and huge accordion windows allow you to relax and enjoy the gorgeous views and the island tradewinds. Unit has a full sized stacked washer/dryer and one assigned parking stall. Walking distance to iconic surf breaks, world famous beaches, shopping, restaurants, and entertainment - come get your own slice of paradise!
Past Activity
  • Sep 30, 2021 Sold for $400,000
  • Aug 25, 2021 In Escrow
  • Aug 19, 2021 Listed at $370,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $1.01
  • Price / Interior Sf: $327
  • HOA Fees Include: Cable TV, Internet Service, Other Common Expenses, Water
  • Zoning: X2 - Apartment Precinct
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Marina/Canal, Mountain, Ocean
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana
  • Security Features: Key
  • Amenities: BBQ, Condo Association Pool, Exercise Room, Recreation Room, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-144
  • Tax Assessed Land: $17,900
  • Tax Assessed Improvements: $622,600
  • Tax Assessed Total: $640,500
  • Courtesy: BHGRE Advantage Realty
  • MLS: 202120571
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on October 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
BRAND NEW LISTING In Discovery Bay! Enjoy stunning 180-degree views of the Pacific ocean, Waikiki Boat Harbor, Ala Moana beach park, Ala Wai and the Koolau Mountains. This spacious 2 bedroom 2 bathroom unit has granite countertops in the kitchen and updated baths, with custom tilework and central AC with 2 control zones. Enclosed lanai affords the unit more interior space and huge accordion windows allow you to relax and enjoy the gorgeous views and the island tradewinds. Unit has a full sized stacked washer/dryer and one assigned parking stall. Walking distance to iconic surf breaks, world famous beaches, shopping, restaurants, and entertainment - come get your own slice of paradise!
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on October 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.