Hawaii Living

Discovery Bay #3410 (Waikiki)

1 / 15

1778 Ala Moana Blvd #3410, Honolulu

This property was sold April 19, 2021 for $248,000
Description
This beautifully remodeled studio boasts new high-end finishes and sweeping ocean views. New design creates an airy feel with an extra-large bath and kitchen and plenty of storage. The bath includes a large walk-in shower, floating vanity and full sized stacking W/D. The ample kitchen shows modern finishes including stainless steel appliances, glass tiled backsplash, quartz countertops and a roomy dining counter that seats three comfortably. The main living area has an easily deployed wall bed, a wall mounted TV, and a full wall length window bench from which to watch the sunset over the pacific. The complex has a large sundeck, workout rooms, a sauna and whirlpool. The unit comes with one assigned parking. The Discovery Bay leasehold is unusual in that the HOA owns 62% of the lease.
Past Activity
  • Apr 20, 2021 Sold for $248,000
  • Mar 19, 2021 In Escrow
  • Mar 12, 2021 Listed at $250,000
  • Jul 31, 2015 Sold for $205,000
  • Jul 01, 2015 In Escrow
  • Jun 29, 2015 Listed at $209,500
  • May 26, 2015 Withdrawn
  • Mar 04, 2015 Price $224,900
  • Oct 21, 2014 Listed at $229,500
More Details
  • HOA Fees / Interior Sf: $1.01
  • Price / Interior Sf: $539
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Internet Service, Sewer, Water
  • Year Remodeled: 2020
  • Owner, Tax & Resale History: Click here
  • Zoning: X2 - Apartment Precinct
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Mckinley
  • Any View: City, Coastline, Ocean, Sunset
  • Owner Occupancy: 63%
  • Management Company: Hawaiiana
  • Security Features: Key, Security Patrol
  • Amenities: BBQ, Exercise Room, Patio/Deck, Pool on Property, Recreation Area, Recreation Room, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-260
  • Tax Assessed Land: $7,300
  • Tax Assessed Improvements: $364,000
  • Tax Assessed Total: $371,300
  • Courtesy: OahuRE.com
  • MLS: 202106738
Related Articles
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on June 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
This beautifully remodeled studio boasts new high-end finishes and sweeping ocean views. New design creates an airy feel with an extra-large bath and kitchen and plenty of storage. The bath includes a large walk-in shower, floating vanity and full sized stacking W/D. The ample kitchen shows modern finishes including stainless steel appliances, glass tiled backsplash, quartz countertops and a roomy dining counter that seats three comfortably. The main living area has an easily deployed wall bed, a wall mounted TV, and a full wall length window bench from which to watch the sunset over the pacific. The complex has a large sundeck, workout rooms, a sauna and whirlpool. The unit comes with one assigned parking. The Discovery Bay leasehold is unusual in that the HOA owns 62% of the lease.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on June 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: 12/01/39
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.