We have represented clients in multiple Discovery Bay transactions and have a deep understanding of the building's specific nuances. We're happy to answer any questions.
Description
GREAT VALUE!! You will love living in this spacious fully furnished 1-bedroom, 1-bathroom condo that includes 1 conveniently located assigned covered parking space close to the elevators! This unit is located on the cooler side of the building, and has a spacious lanai so you can relax and enjoy the breezes. Discovery Bay is one of the best locations in Waikiki, and has a history of being a well maintained and managed building, offering resort-style amenities including a sparkling pool, recreation deck, whirlpool, BBQ area, gym, sauna, resident manager, security guards, and secured entry. Ideally located near Waikiki Beach, Ala Moana Beach Park, Magic Island, Waikiki Yacht Club, you will also be close to world-class shopping and dining at Ala Moana Center. Don’t miss this opportunity to enjoy convenient island living! This unit is 96.893% fee simple, with the AOAO holding both the right and obligation to acquire the remaining 3.107% leasehold interest by December 31, 2039. Lease rent is currently $41.90/quarter or $13.97/month.
HOA Fees Include: Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
Year Remodeled: 2025
Zoning: X2 - Apartment Precinct
Flood Zone: Zone AE
Elementary School: Jefferson
Middle School: Washington
High School: Kaimuki
View: City, Garden, Marina/Canal, Mountain, Sunrise
Furnished: Full
Property Condition: Above Average
Owner Occupancy: 40%
Management Company: Hawaiiana
Security Features: Key, Security Patrol, Video
Amenities: BBQ, Condo Association Pool, Exercise Room, Patio/Deck, Pool on Property, Resident Manager, Sauna, Security Guard, Storage, Trash Chute, Whirlpool
Built: 1977 with 633 Units on 42 Floors, Studio & 1 to 3BR Floor plans, Pets: OK (verify).
Amenities: Pool, Exercise Room, Sauna, BBQ Area, Many restaurants on bottom floors.
Short-term Vacation Renting: Not Allowed.
Discovery Bay condo sits just over the canal from Ala Moana. The homeowner’s association holds ~97% of the beneficial fee interest, with leased fees available for purchase directly from them - some owners have bought, others haven’t.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 21, 2026.Information is deemed reliable but not guaranteed.
GREAT VALUE!! You will love living in this spacious fully furnished 1-bedroom, 1-bathroom condo that includes 1 conveniently located assigned covered parking space close to the elevators! This unit is located on the cooler side of the building, and has a spacious lanai so you can relax and enjoy the breezes. Discovery Bay is one of the best locations in Waikiki, and has a history of being a well maintained and managed building, offering resort-style amenities including a sparkling pool, recreation deck, whirlpool, BBQ area, gym, sauna, resident manager, security guards, and secured entry. Ideally located near Waikiki Beach, Ala Moana Beach Park, Magic Island, Waikiki Yacht Club, you will also be close to world-class shopping and dining at Ala Moana Center. Don’t miss this opportunity to enjoy convenient island living! This unit is 96.893% fee simple, with the AOAO holding both the right and obligation to acquire the remaining 3.107% leasehold interest by December 31, 2039. Lease rent is currently $41.90/quarter or $13.97/month.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 21, 2026.Information is deemed reliable but not guaranteed.
Built: 1977 with 633 Units on 42 Floors, Studio & 1 to 3BR Floor plans, Pets: OK (verify).
Amenities: Pool, Exercise Room, Sauna, BBQ Area, Many restaurants on bottom floors.
Short-term Vacation Renting: Not Allowed.
Discovery Bay condo sits just over the canal from Ala Moana. The homeowner’s association holds ~97% of the beneficial fee interest, with leased fees available for purchase directly from them - some owners have bought, others haven’t.
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.
Buyer and Seller have reached an agreement and are under contract. The sale may be 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.
Property Taxes
Honolulu County Property Tax Info Real property tax rates in Honolulu are based on the property’s tax classification, as determined by the City & County.
Residential (0.35%) Applies to owner-occupied properties with an approved Home Exemption, or to properties with an assessed value under $1,000,000.
Residential A (Tiered) Applies to properties with an assessed value of $1,000,000+ where no Home Exemption is claimed (e.g., second homes, investment properties). First $1,000,000 taxed at 0.40% • Value above $1,000,000 taxed at 1.14%
Home Exemption A fixed deduction ($120,000–$160,000, depending on age) that reduces the taxable assessed value when approved.
Contact Agent
We have represented clients in multiple Discovery Bay transactions and have a deep understanding of the building's specific nuances. We're happy to answer any questions.
