Hawaii Living

Discovery Bay #3507 (Waikiki)

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  • Sold 10/16/19 at $228,000
    (List Price: $228,000)
  • Beds: 1
  • Baths: 1
  • Living: 683 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 406 / month
  • Fee Purchase: Not available
  • Balcony: 86 sqft
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $733 / month
  • Property Taxes: $150 / month ?
  • Est. Mortgage: $769 /mo - adjust loan
  • Days on Market: 10 days
  • Status: Sold
  • Buy without visiting ?
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1778 Ala Moana Blvd #3507, Honolulu

This property was sold October 16, 2019 for $228,000
Description
The most desirable LEASEHOLD building in Waikiki. This spacious 683 sqft one bedroom condo located on the high 35th floor offering the brilliant colors of Waikiki's city light and mountain views. Enjoy the efficient floor plan and the open spacious lanai. This 1Br comes fully furnished and a parking stall, great for a rental investment, a 2nd home or call it your home sweet home. Discovery Bay is a secured, well maintained residential condo building with onsite boutique shops, eateries, and in short distances to the beaches and the essentials of the world's famous resort Waikiki location. View additional pictures at http://bit.ly/DiscoveryBay3507
Past Activity
  • Oct 16, 2019 Sold for $228,000
  • Sep 12, 2019 In Escrow
  • Sep 10, 2019 Back to Active
  • Sep 03, 2019 In Escrow
  • Aug 26, 2019 Listed at $228,000
More Details
  • HOA Fees / Interior Sf: $1.07
  • Price / Interior Sf: $334
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Other Common Expenses, Sewer, Water
  • Owner, Tax & Resale History: Click here
  • Zoning: X2 - Apartment Precinct
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • Any View: City, Diamond Head, Mountain
  • Owner Occupancy: 60%
  • Management Company: Hawaiiana Mgmt
  • Security Features: Gated Community, Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Heated Pool, Patio/Deck, Pool, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-267
  • Tax Assessed Land: $28,200
  • Tax Assessed Improvements: $487,400
  • Tax Assessed Total: $515,600
  • Courtesy: BHGRE Advantage Realty
  • MLS: 201923830
Related Articles
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on June 14, 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
The most desirable LEASEHOLD building in Waikiki. This spacious 683 sqft one bedroom condo located on the high 35th floor offering the brilliant colors of Waikiki's city light and mountain views. Enjoy the efficient floor plan and the open spacious lanai. This 1Br comes fully furnished and a parking stall, great for a rental investment, a 2nd home or call it your home sweet home. Discovery Bay is a secured, well maintained residential condo building with onsite boutique shops, eateries, and in short distances to the beaches and the essentials of the world's famous resort Waikiki location. View additional pictures at http://bit.ly/DiscoveryBay3507
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on June 14, 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.