Opportunity is knocking! Do you want to live in Waikiki for a fraction of the price? This rare high floor gives you mountain, Diamond Head, and city views on the cooler side of the building. Discovery Bay is a popular secure building with central AC, washer-dryer in the unit, assigned covered parking with security, and resort like amenities including pool, sundeck, spa, sauna, BBQ, and fitness center. Location is unbeatable with bus lines, grocery stores, restaurants, post office, Ala Moana Shopping Center, Waikiki, beaches, boating, surfing, easily accessible. Discovery Bay is a leasehold property with the owner's association currently owning approximately 94% of the leased fee. An owner’s purchase of its share of the AOAO’s leased fee would convert its apartment to 94% fee simple. After your purchase of 93.786% of the leased fee (for approximately $126,000), your new lease rent for the 6.214% owned by the Fee Simple Co-Tenant would range from $15-$60 per month until December 31, 2029. After this, it will become $20-$80 per month until the end of lease on December 31, 2039. NOTE: The first 7 pictures are VIRTUALLY STAGED.
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 08, 2024. Information is deemed reliable but not guaranteed.
Opportunity is knocking! Do you want to live in Waikiki for a fraction of the price? This rare high floor gives you mountain, Diamond Head, and city views on the cooler side of the building. Discovery Bay is a popular secure building with central AC, washer-dryer in the unit, assigned covered parking with security, and resort like amenities including pool, sundeck, spa, sauna, BBQ, and fitness center. Location is unbeatable with bus lines, grocery stores, restaurants, post office, Ala Moana Shopping Center, Waikiki, beaches, boating, surfing, easily accessible. Discovery Bay is a leasehold property with the owner's association currently owning approximately 94% of the leased fee. An owner’s purchase of its share of the AOAO’s leased fee would convert its apartment to 94% fee simple. After your purchase of 93.786% of the leased fee (for approximately $126,000), your new lease rent for the 6.214% owned by the Fee Simple Co-Tenant would range from $15-$60 per month until December 31, 2029. After this, it will become $20-$80 per month until the end of lease on December 31, 2039. NOTE: The first 7 pictures are VIRTUALLY STAGED.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 08, 2024. Information is deemed reliable but not guaranteed.
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.
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.
