Discovery Bay #2318 (Waikiki)

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Asking Price: $315,000
Beds: 1
Baths: 1
Living: 770 ft²
Tenure:Leasehold ?
Leasehold Expiry: 12/31/39
Lease Rent: $ 406 / month
Fee Purchase: $129,816
Built: 1977
Parking: 1
Maint. (HOA) Fees: $917 / month
Property Taxes: $166 / month ?
Est. Mortgage: 0 $1,593 / mo - adjust loan
Time Listed for Sale: 86 days
Status: Escrow / Under Contract
(since Apr 17, 2024) ?
Buy without visiting ?
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1778 Ala Moana Blvd #2318, Honolulu

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly:
Terese C Hiram (R)
RB-23158
Captain Cook Real Estate
Phone: (808) 735-5588

Description

A welcoming, spacious one bedroom unit enhanced with an enclosed lanai looking out on a cool, quiet, mountain view in the Resolution Tower. A "cook's kitchen" featuring updated stainless steel appliances and outstanding storage with large pull out drawers accompanied by roomy cabinets and a china hutch in the dining area. Discovery Bay is a secured entry building in an excellent location near the beach, restaurants and Ala Moana Center with easy access in and out of Waikiki. After all these years, the land owners are making available the remainder of the fee (less 3%) giving a buyer the opportunity to own a large unit in a well maintained building with an excellent location for a far less price of comparable, neighboring condos. Fee available for purchase now at $129,816 with submission of fee purchase sales contract deadline May 31, 2024 with closing by July 31, 2025.

Recent Activity

Apr 17, 2024 In Escrow
Feb 27, 2024 Price ↓ $315,000
Jan 22, 2024 Listed at $329,000

Past Sales

#1307: 1 Bd | 1 Ba @ $300K (4/5/24)
#2618: 1 Bd | 1 Ba @ $380K (3/28/24)
#1417: 1 Bd | 1 Ba @ $345K (3/11/24)
#2409: 1 Bd | 1 Ba @ $425K (2/28/24)
#1303: 1 Bd | 1 Ba @ $315K (1/19/24)
#3808: 1 Bd | 1 Ba @ $328K (1/16/24)
#906: 1 Bd | 1 Ba @ $360K (12/29/23)
#2215: Studio | 1 Ba @ $255K (12/22/23)
#1001: 1 Bd | 1 Ba @ $395K (12/15/23)
#3408: 1 Bd | 1 Ba @ $300K (12/12/23)

+Show more recently sold

#3515: Studio | 1 Ba @ $260K (11/27/23)
#2718: 1 Bd | 1 Ba @ $320K (11/27/23)
#4006: 1 Bd | 1 Ba @ $389K (11/21/23)
#1611: 2 Bds | 2 Ba @ $600K (10/17/23)
#1707: 1 Bd | 1 Ba @ $340K (10/4/23)
#1115: Studio | 1 Ba @ $220K (9/28/23)
#1613: 1 Bd | 1 Ba @ $355K (9/27/23)
#3418: 1 Bd | 1 Ba @ $370K (9/18/23)
#2612: 1 Bd | 1 Ba @ $358K (9/12/23)
#1002: 1 Bd | 1 Ba @ $383K (9/11/23)
#1310: Studio | 1 Ba @ $230K (9/6/23)
#1508: 1 Bd | 1 Ba @ $350K (8/22/23)
#1320: Studio | 1 Ba @ $220K (8/14/23)
#3018: 1 Bd | 1 Ba @ $350K (7/26/23)
#2906: 1 Bd | 1 Ba @ $423K (7/20/23)
#1916: 1 Bd | 1 Ba @ $282K (7/10/23)
#3803: 1 Bd | 1 Ba @ $455K (6/30/23)
#1013: 1 Bd | 1 Ba @ $310K (6/28/23)
#2614: 2 Bds | 2 Ba @ $522K (6/26/23)
#1917: 1 Bd | 1 Ba @ $326K (6/23/23)
#1318: 1 Bd | 1 Ba @ $295K (6/22/23)
#1401: 2 Bds | 2 Ba @ $561K (6/16/23)
#2508: 1 Bd | 1 Ba @ $220K (6/1/23)
#1112: 1 Bd | 1 Ba @ $248K (5/5/23)
#1207: 1 Bd | 1 Ba @ $249K (5/4/23)
#2607: 1 Bd | 1 Ba @ $260K (5/1/23)
#3905: Studio | 1 Ba @ $200K (5/1/23)
#1815: Studio | 1 Ba @ $190K (5/1/23)
#3409: 1 Bd | 1 Ba @ $375K (4/28/23)
#1614: 2 Bds | 2 Ba @ $405K (4/28/23)
#3906: 1 Bd | 1 Ba @ $320K (4/25/23)
#1514: 2 Bds | 2 Ba @ $463K (4/14/23)
#902: 1 Bd | 1 Ba @ $249K (4/13/23)
#2510: Studio | 1 Ba @ $180K (3/28/23)
#3705: Studio | 1 Ba @ $177K (3/23/23)
#1709: 1 Bd | 1 Ba @ $210K (3/20/23)
#3516: 1 Bd | 1 Ba @ $290K (3/8/23)
#4011: 2 Bds | 2 Ba @ $620K (2/17/23)
#1617: 1 Bd | 1 Ba @ $205K (2/3/23)
#3707: 1 Bd | 1 Ba @ $215K (1/13/23)

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More Details

Owner, Tax & Resale History
HOA Fees / ft²: $1.19
Price / ft²: $409
Other Condos Price / ft²
Cash vs Financing Buyers
HOA Fees Include: AC Central, Cable TV, Internet Service, Other Common Expenses, Sewer, Water
Year Remodeled: 2022
Zoning: X2 - Apartment Precinct
Flood Zone: Zone AE
Elementary School: Jefferson
Middle School: Washington
High School: Kaimuki
View: City, Other
Furnished: Full
Property Condition: Above Average
Owner Occupancy: 40%
Management Company: Hawaiiana Mgmt.
Security Features: Key, Security Patrol, Video
Amenities: BBQ, Exercise Room, Patio/Deck, Pool on Property, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
TMK: 1-2-6-12-10-480
Tax Assessed Land: $13,200
Tax Assessed Improvements: $557,300
Tax Assessed Total: $570,500
Courtesy: Captain Cook Real Estate / (808) 735-5588
MLS: 202401203

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Good to Know

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 AOA .....
Read more.

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 26, 2024. Information is deemed reliable but not guaranteed.

Other Discovery Bay Listings

Leasehold

Discovery Bay #2008

1 Bd | 1 Ba
683 ft²

Leasehold

Discovery Bay #1607

1 Bd | 1 Ba
683 ft²

Leasehold

Discovery Bay #1015

Studio | 1 Ba
464 ft²

Leasehold

Discovery Bay #1115

Studio | 1 Ba
464 ft²

All Discovery Bay condos for sale »

Other Waikiki Condos

Waikiki Townhouse #1402

1 Bd | 1 Ba
590 ft²

Rosalei #607

1 Bd | 1 Ba
456 ft²

Waikiki Imperial Apts #6A

1 Bd | 1 Ba
680 ft²

Ainahau Gardens #303

1 Bd | 1 Ba
602 ft²

Ala Wailani #804

1 Bd | 1 Ba
535 ft²

Aloha Lani #2306

1 Bd | 1 Ba
413 ft²

All Waikiki condos for sale »

Asking Price: $315,000

Description

A welcoming, spacious one bedroom unit enhanced with an enclosed lanai looking out on a cool, quiet, mountain view in the Resolution Tower. A "cook's kitchen" featuring updated stainless steel appliances and outstanding storage with large pull out drawers accompanied by roomy cabinets and a china hutch in the dining area. Discovery Bay is a secured entry building in an excellent location near the beach, restaurants and Ala Moana Center with easy access in and out of Waikiki. After all these years, the land owners are making available the remainder of the fee (less 3%) giving a buyer the opportunity to own a large unit in a well maintained building with an excellent location for a far less price of comparable, neighboring condos. Fee available for purchase now at $129,816 with submission of fee purchase sales contract deadline May 31, 2024 with closing by July 31, 2025.

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 26, 2024. Information is deemed reliable but not guaranteed.

Recent Activity

Apr 17, 2024 In Escrow
Feb 27, 2024 Price ↓ $315,000
Jan 22, 2024 Listed at $329,000

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 AOA .....
Read more.

Other Discovery Bay Listings

Leasehold

Discovery Bay #2008

1 Bd | 1 Ba
683 ft²

Leasehold

Discovery Bay #1607

1 Bd | 1 Ba
683 ft²

Leasehold

Discovery Bay #1015

Studio | 1 Ba
464 ft²

Leasehold

Discovery Bay #1115

Studio | 1 Ba
464 ft²

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 about property tax rates.