Discovery Bay #3908 | 1778 Ala Moana Blvd #3908

Asking Price: $350,000
Beds: 1
Baths: 1
Living: 683 ft²
Tenure:Leasehold ?
Leasehold Expiry: 12/31/39
Lease Rent: $ 406 / month
Fee Purchase: $129,816
Balcony: 86 ft²
Built: 1977
Parking: 1
Maint. (HOA) Fees: $917 / month
Property Taxes: $170 / month ?
Est. Mortgage: 0 $1,770 / mo - adjust loan
Time Listed for Sale: 64 days
Status: Active
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1778 Ala Moana Blvd #3908, Honolulu

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly:
Kimo Smigielski (R)
RB-18873
Portfolio
Phone: (808) 735-5585

Description

This high floor, spacious 1-bedroom unit has been updated and well maintained offering you a turn-key experience to enjoy the iconic lifestyle at Discovery Bay in Waikiki. Offered fully furnished, you can simply bring your suitcase and move right in and enjoy Hawaii living on your terms. Currently tenant occupied, this would also make a wonderful investment property as you could earn income on day 1 too. Discovery Bay has been making headlines as the AOAO has been acquiring the Fee Interest and now the AOAO owns nearly 97% of the fee interest. Starting in 2024, you could even purchase the majority Fee Simple interest and reduce your monthly expenses.Although this is currently a leasehold building, Discovery Bay Homeowners Association recently purchased additional leasehold interest that will make this a 96.893% fee simple unit. Fee interest can be acquired and conveyed to this unit in early 2024. This is a qualified fee simple building, meaning it will be 100% fee simple in the future.

Recent Activity

Apr 26, 2024 Back to Active
Apr 22, 2024 In Escrow
Feb 21, 2024 Back to Active
Jan 31, 2024 Temp. Withdrawn / Hold
Jan 30, 2024 Listed at $350,000
Nov 18, 2022 Sold for $235,000
Oct 18, 2022 In Escrow
Aug 31, 2022 Price ↓ $250,000
Aug 15, 2022 Listed at $295,000
Dec 17, 2019 Sold for $250,000
Nov 02, 2019 In Escrow
Jun 15, 2019 Listed at $274,000
Apr 12, 2019 Withdrawn / Canceled
Jan 11, 2019 Listed at $290,000
Sep 08, 2017 Sold for $260,000
Aug 15, 2017 In Escrow
Aug 04, 2017 Listed at $274,900
Jul 11, 2014 Sold for $259,000
May 27, 2014 In Escrow
May 21, 2014 Listed at $259,000

Past Sales

#1307: 1 Bd | 1 Ba @ $300K (4/5/24)
#2618: 1 Bd | 1 Ba @ $380K (3/28/24)
#1417: 1 Bd | 1 Ba @ $345K (3/11/24)
#2409: 1 Bd | 1 Ba @ $425K (2/28/24)
#1303: 1 Bd | 1 Ba @ $315K (1/19/24)
#3808: 1 Bd | 1 Ba @ $328K (1/16/24)
#906: 1 Bd | 1 Ba @ $360K (12/29/23)
#2215: Studio | 1 Ba @ $255K (12/22/23)
#1001: 1 Bd | 1 Ba @ $395K (12/15/23)
#3408: 1 Bd | 1 Ba @ $300K (12/12/23)

+Show more recently sold

#3515: Studio | 1 Ba @ $260K (11/27/23)
#2718: 1 Bd | 1 Ba @ $320K (11/27/23)
#4006: 1 Bd | 1 Ba @ $389K (11/21/23)
#1611: 2 Bds | 2 Ba @ $600K (10/17/23)
#1707: 1 Bd | 1 Ba @ $340K (10/4/23)
#1115: Studio | 1 Ba @ $220K (9/28/23)
#1613: 1 Bd | 1 Ba @ $355K (9/27/23)
#3418: 1 Bd | 1 Ba @ $370K (9/18/23)
#2612: 1 Bd | 1 Ba @ $358K (9/12/23)
#1002: 1 Bd | 1 Ba @ $383K (9/11/23)
#1310: Studio | 1 Ba @ $230K (9/6/23)
#1508: 1 Bd | 1 Ba @ $350K (8/22/23)
#1320: Studio | 1 Ba @ $220K (8/14/23)
#3018: 1 Bd | 1 Ba @ $350K (7/26/23)
#2906: 1 Bd | 1 Ba @ $423K (7/20/23)
#1916: 1 Bd | 1 Ba @ $282K (7/10/23)
#3803: 1 Bd | 1 Ba @ $455K (6/30/23)
#1013: 1 Bd | 1 Ba @ $310K (6/28/23)
#2614: 2 Bds | 2 Ba @ $522K (6/26/23)
#1917: 1 Bd | 1 Ba @ $326K (6/23/23)
#1318: 1 Bd | 1 Ba @ $295K (6/22/23)
#1401: 2 Bds | 2 Ba @ $561K (6/16/23)
#2508: 1 Bd | 1 Ba @ $220K (6/1/23)
#1112: 1 Bd | 1 Ba @ $248K (5/5/23)
#1207: 1 Bd | 1 Ba @ $249K (5/4/23)
#2607: 1 Bd | 1 Ba @ $260K (5/1/23)
#3905: Studio | 1 Ba @ $200K (5/1/23)
#1815: Studio | 1 Ba @ $190K (5/1/23)
#3409: 1 Bd | 1 Ba @ $375K (4/28/23)
#1614: 2 Bds | 2 Ba @ $405K (4/28/23)
#3906: 1 Bd | 1 Ba @ $320K (4/25/23)
#1514: 2 Bds | 2 Ba @ $463K (4/14/23)
#902: 1 Bd | 1 Ba @ $249K (4/13/23)
#2510: Studio | 1 Ba @ $180K (3/28/23)
#3705: Studio | 1 Ba @ $177K (3/23/23)
#1709: 1 Bd | 1 Ba @ $210K (3/20/23)
#3516: 1 Bd | 1 Ba @ $290K (3/8/23)
#4011: 2 Bds | 2 Ba @ $620K (2/17/23)
#1617: 1 Bd | 1 Ba @ $205K (2/3/23)
#3707: 1 Bd | 1 Ba @ $215K (1/13/23)

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More Details

Owner, Tax & Resale History
HOA Fees / ft²: $1.34
Price / ft²: $512
Other Condos Price / ft²
Cash vs Financing Buyers
HOA Fees Include: AC Central, Cable TV, Hot Water, Internet Service, Sewer, Water
Zoning: X2 - Apartment Precinct
Flood Zone: Zone AE
View: City, Diamond Head
Furnished: Full
Property Condition: Excellent
Owner Occupancy: 20%
Management Company: Hawaiiana
Security Features: Key, Security Patrol
Amenities: BBQ, Exercise Room, Pool on Property, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
TMK: 1-2-6-12-10-308
Tax Assessed Land: $13,200
Tax Assessed Improvements: $568,500
Tax Assessed Total: $581,700
Courtesy: Portfolio / (808) 735-5585
MLS: 202401720

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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 April 28, 2024. Information is deemed reliable but not guaranteed.

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$350,000

Discovery Bay #3308

1 Bd | 1 Ba
683 ft²

Map

Leasehold

$320,000

Discovery Bay #1607

1 Bd | 1 Ba
683 ft²

Map

Leasehold

$320,000

Discovery Bay #2008

1 Bd | 1 Ba
683 ft²

Map

Leasehold

$383,000

Discovery Bay #1517

1 Bd | 1 Ba
684 ft²

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Aloha Lani #2306

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Ainahau Gardens #303

1 Bd | 1 Ba
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Kaiolu Sunrise #505

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Waikiki Imperial Apts #6A

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Ala Wailani #403

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Asking Price: $350,000

Description

More Details

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 28, 2024. Information is deemed reliable but not guaranteed.

Recent Activity

Apr 26, 2024 Back to Active
Apr 22, 2024 In Escrow
Feb 21, 2024 Back to Active
Jan 31, 2024 Temp. Withdrawn / Hold
Jan 30, 2024 Listed at $350,000
Nov 18, 2022 Sold for $235,000
Oct 18, 2022 In Escrow
Aug 31, 2022 Price ↓ $250,000
Aug 15, 2022 Listed at $295,000
Dec 17, 2019 Sold for $250,000
Nov 02, 2019 In Escrow
Jun 15, 2019 Listed at $274,000
Apr 12, 2019 Withdrawn / Canceled
Jan 11, 2019 Listed at $290,000
Sep 08, 2017 Sold for $260,000
Aug 15, 2017 In Escrow
Aug 04, 2017 Listed at $274,900
Jul 11, 2014 Sold for $259,000
May 27, 2014 In Escrow
May 21, 2014 Listed at $259,000

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.

Blog

Other Discovery Bay Listings

Map

Leasehold

$350,000

Discovery Bay #3308

1 Bd | 1 Ba
683 ft²

Map

Leasehold

$320,000

Discovery Bay #1607

1 Bd | 1 Ba
683 ft²

Map

Leasehold

$320,000

Discovery Bay #2008

1 Bd | 1 Ba
683 ft²

Map

Leasehold

$383,000

Discovery Bay #1517

1 Bd | 1 Ba
684 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: 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 about property tax rates.

Property Taxes	$ 170 / month
Maint Fees	$ 917 / month

Total

Discovery Bay #3908 (Waikiki)

1778 Ala Moana Blvd #3908, Honolulu