Hawaii Living

Discovery Bay #3515 (Waikiki)

  • Sold 11/27/23 at $260,000
    (List Price: $275,000)
  • Beds: 0
  • Baths: 1
  • Living: 464 ft²
  • Tenure:Leasehold ?
  • Leasehold Expiry: 08/14/39
  • Lease Rent: $ 245 / month
  • Fee Purchase: Not available
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $522 / month
  • Property Taxes: $130 / month ?
  • Est. Mortgage: $1,391 / mo - adjust loan
  • Time Listed for Sale: 34 days
  • Status: Sold
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1778 Ala Moana Blvd #3515, Honolulu

Description
Spacious high floor, Fully furnished studio unit with W/D in the unt and assigned a parking stall. Well maintained, secured building with ample of amenities such as pool, fitness, BBQ grills and sauna. Nice Breeze from the mountain, Covenient location,, walking distance to the beach, Waikiki, Ala Moana Shopping Center and beach parks. 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 $72,522. 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.
Past Activity
  • Nov 28, 2023 Sold for $260,000
  • Oct 31, 2023 In Escrow
  • Sep 27, 2023 Listed at $275,000
  • Sep 23, 2022 Withdrawn / Canceled
  • Aug 01, 2022 Listed at $227,000
  • Jun 06, 2020 Withdrawn / Canceled
  • May 13, 2020 Listed at $219,000
  • May 22, 2017 Sold for $207,000
  • Apr 17, 2017 In Escrow
  • Mar 28, 2017 Listed at $215,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.13
  • Price / ft²: $560
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Sewer, Water
  • Year Remodeled: 2013
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Diamond Head, Marina/Canal, Mountain, Ocean, Sunrise
  • Furnished: Full
  • Property Condition: Above Average
  • Owner Occupancy: 20%
  • Management Company: Hawaiiana
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Heated Pool, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Restaurant, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-597
  • Tax Assessed Land: $7,900
  • Tax Assessed Improvements: $438,200
  • Tax Assessed Total: $446,100
  • Courtesy: Moana Realty LLC / hirokomiller@gmail.com
  • MLS: 202321428
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 May 05, 2024. Information is deemed reliable but not guaranteed.
Other Discovery Bay Listings
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Leasehold
$289,000
Discovery Bay #1015
Studio | 1 Ba
464 ft²
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Leasehold
$289,000
Discovery Bay #1115
Studio | 1 Ba
464 ft²
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Leasehold
$320,000
Discovery Bay #1607
1 Bd | 1 Ba
683 ft²
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Leasehold
$320,000
Discovery Bay #2008
1 Bd | 1 Ba
683 ft²
Other Waikiki Condos
  • Sold 11/27/23 at $260,000
    (List Price: $275,000)
Description
Spacious high floor, Fully furnished studio unit with W/D in the unt and assigned a parking stall. Well maintained, secured building with ample of amenities such as pool, fitness, BBQ grills and sauna. Nice Breeze from the mountain, Covenient location,, walking distance to the beach, Waikiki, Ala Moana Shopping Center and beach parks. 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 $72,522. 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 May 05, 2024. Information is deemed reliable but not guaranteed.
    • Nov 28, 2023 Sold for $260,000
    • Oct 31, 2023 In Escrow
    • Sep 27, 2023 Listed at $275,000
    • Sep 23, 2022 Withdrawn / Canceled
    • Aug 01, 2022 Listed at $227,000
    • Jun 06, 2020 Withdrawn / Canceled
    • May 13, 2020 Listed at $219,000
    • May 22, 2017 Sold for $207,000
    • Apr 17, 2017 In Escrow
    • Mar 28, 2017 Listed at $215,000
    • 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
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    Leasehold
    $289,000
    Discovery Bay #1015
    Studio | 1 Ba
    464 ft²
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    Leasehold
    $289,000
    Discovery Bay #1115
    Studio | 1 Ba
    464 ft²
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    Leasehold
    $320,000
    Discovery Bay #1607
    1 Bd | 1 Ba
    683 ft²
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    Leasehold
    $320,000
    Discovery Bay #2008
    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.