Discovery Bay #4002

(Waikiki)

1778 Ala Moana Blvd #4002, Honolulu
Agency Info

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly:
Doug Weber (RA)
RS-67571
Locations LLC
Phone: (808) 799-9983

  • 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

Large spacious 1bed/1bath, 1 parking. Enjoy beautiful ocean, coastline, and sunset views from your open Lanai. Discovery Bay is located in a prime location in Waikiki, close to the beach, restaurants, shopping and public transportation. This well managed building has great amenities, new sauna, pool, jacuzzi, BBQ and exercise rooms, guest parking, resident manager, 24 hour security. AOAO owns 62% of the beneficial interest in the FEE.

Recently Sold
(Discovery Bay)
  • #2101: 1,131 sqft @ $376K (5/24/19)
  • #2506: 850 sqft @ $300K (5/24/19)
  • #1812: 683 sqft @ $190K (5/21/19)
  • #1103: 683 sqft @ $222K (4/30/19)
  • #1413: 683 sqft @ $170K (4/29/19)
  • #3308: 683 sqft @ $200K (3/19/19)
  • #3018: 683 sqft @ $170K (3/4/19)
  • #4112: 683 sqft @ $250K (3/1/19)
  • #2216: 724 sqft @ $239K (2/22/19)
  • #2203: 683 sqft @ $275K (2/21/19)
Open House
  • Sun Open House, May 26, 2-5pm
More Details
  • HOA Fees / Interior Sf: $1.07
  • Price / Interior Sf: $498
  • HOA Fees Include: AC Central, Cable TV, Other Common Expenses, Sewer, Water
  • Sold Furnished: No
  • Owner, Tax & Resale History: Click here
  • MLS: 201913987
  • Occupancy Type: Vacant
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: Coastline, Sunset
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana Mgt.
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Patio/Deck, Pool, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute
  • Inclusions: AC Central, Blinds, Cable TV, Dishwasher, Disposal, Drapes, Dryer, Microwave Hood, Range/Oven, Refrigerator, Smoke Detector, Washer
  • TMK: 1-2-6-12-10-312
  • Tax Assessed Land: $27,800
  • Tax Assessed Improvements: $544,700
  • Tax Assessed Total: $572,500
  • Special Sales Terms: None
  •  
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 26, 2019. Information is deemed reliable but not guaranteed.
1778 Ala Moana Blvd #4002 - listing courtesy Locations LLC.
- We poured our heart into building this website for you! It took time, money, and effort. If you like it, consider working with us. We will not disappoint.
- We update our site every 1 minute.
Other Discovery Bay Listings
Leasehold
$348,800
Discovery Bay #814
2 Bd | 2 Ba | 1,003 sqft
Year Remodeled: 2017
Leasehold
$320,000
Discovery Bay #3912
1 Bd | 1 Ba | 683 sqft
Ocean view
Leasehold
$310,000
Discovery Bay #3213
1 Bd | 1 Ba | 683 sqft
Leasehold
$299,000
Discovery Bay #2913
1 Bd | 1 Ba | 683 sqft
Ocean view
  • 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
Other Waikiki Condos
Aloha Lani #1412
Just listed
$339,000
Aloha Lani #1412
1 Bd | 1Ba | 413 sqft
Seaside Towers #708
1 Bd | 1Ba | 680 sqft
Kaiolu Sunrise #305
1 Bd | 1Ba | 627 sqft
Waikiki Sunset #1810
1 Bd | 1Ba | 534 sqft
Governor Cleghorn #606
1 Bd | 1Ba | 607 sqft
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 26, 2019. Information is deemed reliable but not guaranteed.
1778 Ala Moana Blvd #4002 - listing courtesy Locations LLC.
- We poured our heart into building this website for you! It took time, money, and effort. If you like it, consider working with us. We will not disappoint.
- We update our site every 1 minute.
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.
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.
If an owner claims the home exemption - the owner's primary residence - the tax rate is 0.35% of total assessed value. If an owner cannot claim the home exemption - not the owner's primary residence - the tax rate is also 0.35% if total assessed value is below $1,000,000, but if the total assessed value is at or above $1,000,000 the tax rate is two tiered: 0.45% up to the first $1,000,000 in assessed value and 0.9% above $1,000,000 in assessed value. Learn more about Oahu property taxes here.
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