Discovery Bay #2405 (Waikiki)

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Asking Price: $260,000
Beds: 0
Baths: 1
Living: 464 ft²
Tenure:Leasehold ?
Leasehold Expiry: 08/14/39
Lease Rent: $ 245 / month
Fee Purchase: $78,242
Built: 1977
Parking: 1
Maint. (HOA) Fees: $533 / month
Property Taxes: $128 / month ?
Est. Mortgage: 0 $1,315 / mo - adjust loan
Time Listed for Sale: 19 days
Status: Escrow / Under Contract
(since Feb 20, 2024) ?
Buy without visiting ?
All Discovery Bay condos for sale »
All Waikiki condos for sale »

1778 Ala Moana Blvd #2405, Honolulu

Agency Info

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly:
Hiroko O Miller (R)
RB-21675
Moana Realty LLC
Phone: (808) 591-2002

Description

Nicely renovated wonderful high floor unit with 1 assigned parking stall on the cool side of the Discovery Bay Endeavor Tower! Freshly painted and updated kitchen and bathroom with washer/dryer is in the unit. A lot of spacious closets. A prime Waikiki resort district, this condo is 24/7 secured Bldg. perfect location close to restaurants, shopping of Waikiki, Ala Moana Shopping Center and beach parks. Amenities included: pool, sauna gym, whirlpool, BBQ and much more. Discovery Bay AOAO recently finalized agreement regarding purchase of additional leasehold interest to make it a 93.786% fee simple unit. Estimated cost to purchase is $78,242.00. This is a qualified fee simple building, meaning it will be 100% fee simple in the future. By early 2024, it will be 93.786% fee simple and the lease rent will be only 6.214% of the current lease rent. The remaining 6.214% leasehold will be fee simple in the future according to the information on Discovery Bay website.

Recent Activity

Feb 20, 2024 In Escrow
Feb 01, 2024 Listed at $260,000

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: $1.15
Price / ft²: $560
Other Condos Price / ft²
Cash vs Financing Buyers
HOA Fees Include: Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
Year Remodeled: 2024
Zoning: X2 - Apartment Precinct
Flood Zone: Zone AE
Elementary School: Jefferson
Middle School: Washington
High School: Kaimuki
View: City, Marina/Canal, Mountain, Ocean
Furnished: None
Property Condition: Above Average
Owner Occupancy: 20%
Management Company: Hawaiiana Management Co.
Security Features: Key, Security Patrol, Video
Amenities: BBQ, Club House, Exercise Room, Heated Pool, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Restaurant, Sauna, Security Guard, Trash Chute, Whirlpool
TMK: 1-2-6-12-10-155
Tax Assessed Land: $7,900
Tax Assessed Improvements: $430,800
Tax Assessed Total: $438,700
Courtesy: Moana Realty LLC / hirokomiller@gmail.com
MLS: 202401753

Ask A Question

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 27, 2024. Information is deemed reliable but not guaranteed.

Other Discovery Bay Listings

Leasehold

Discovery Bay #1015

Studio | 1 Ba
464 ft²

Leasehold

Discovery Bay #1115

Studio | 1 Ba
464 ft²

Leasehold

Discovery Bay #2008

1 Bd | 1 Ba
683 ft²

Leasehold

Discovery Bay #1607

1 Bd | 1 Ba
683 ft²

All Discovery Bay condos for sale »

Other Waikiki Condos

Namahana Terrace #101

Studio | 1 Ba
416 ft²

Hawaiian Monarch #2304

Studio | 1 Ba
236 ft²

Waikiki Marina Condominium #2103

Studio | 1 Ba
386 ft²

Ainahau Gardens #311

Studio | 1 Ba
300 ft²

Rosalei #213

1 Bd | 1 Ba
477 ft²

Aloha Surf Hotel #219

Studio | 1 Ba
218 ft²

All Waikiki condos for sale »

Asking Price: $260,000

Description

Nicely renovated wonderful high floor unit with 1 assigned parking stall on the cool side of the Discovery Bay Endeavor Tower! Freshly painted and updated kitchen and bathroom with washer/dryer is in the unit. A lot of spacious closets. A prime Waikiki resort district, this condo is 24/7 secured Bldg. perfect location close to restaurants, shopping of Waikiki, Ala Moana Shopping Center and beach parks. Amenities included: pool, sauna gym, whirlpool, BBQ and much more. Discovery Bay AOAO recently finalized agreement regarding purchase of additional leasehold interest to make it a 93.786% fee simple unit. Estimated cost to purchase is $78,242.00. This is a qualified fee simple building, meaning it will be 100% fee simple in the future. By early 2024, it will be 93.786% fee simple and the lease rent will be only 6.214% of the current lease rent. The remaining 6.214% leasehold will be fee simple in the future according to the information on Discovery Bay website.

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 27, 2024. Information is deemed reliable but not guaranteed.

Recent Activity

Feb 20, 2024 In Escrow
Feb 01, 2024 Listed at $260,000

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 #1015

Studio | 1 Ba
464 ft²

Leasehold

Discovery Bay #1115

Studio | 1 Ba
464 ft²

Leasehold

Discovery Bay #2008

1 Bd | 1 Ba
683 ft²

Leasehold

Discovery Bay #1607

1 Bd | 1 Ba
683 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: 08/14/39

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.