Hawaii Living

Discovery Bay #814 (Waikiki)

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  • Sold 12/30/21 at $395,000
    (List Price: $425,000)
  • Beds: 2
  • Baths: 2
  • Living: 1,131 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 597 / month
  • Fee Purchase: Not available
  • Balcony: 128 sqft
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $1,142 / month
  • Property Taxes: $200 / month ?
  • Est. Mortgage: $1,433 /mo - adjust loan
  • Time Listed for Sale: 122 days
  • Status: Sold
  • Buy without visiting ?
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1778 Ala Moana Blvd #814, Honolulu

This property was sold December 30, 2021 for $395,000
Description
Discovery Bay - at the entrance of Waikik. Footsteps to Ala Moana Mall, Ala Moana Park, Waikiki beach, restaurants, convention center, University of Hawaii, and bus-lines. Large size corner unit with enclosed lanai. 2-bedroom 2-bath.1 -covered assigned parking is steps from the elevator. Bedrooms on opposite sides and mauka side. Ample closet space. Renovated & upgraded several years ago. Ready to move in. Well maintained building, 24-hr security, great amenities (pool, whirlpool, sauna, sundeck, BBQ, gyms, library, etc. Cats allowed, but not dogs. Owners association owns 62.7% of the land. it will become fee simple when they purchase 37.3% of the land. It is quite different from other LH properties. Currently rented to short term tenant.
Past Activity
  • Jan 03, 2022 Sold for $395,000
  • Oct 11, 2021 In Escrow
  • Sep 22, 2021 Listed at $425,000
  • Dec 18, 2020 Withdrawn
  • Aug 18, 2020 Price $338,800
  • Jul 06, 2020 Listed at $348,800
  • Dec 12, 2019 Withdrawn
  • Jan 09, 2019 Listed at $348,800
  • Aug 11, 2017 Sold for $254,000
  • Jul 13, 2017 In Escrow
  • May 31, 2017 Listed at $259,000
  • May 24, 2017 Withdrawn
  • Mar 20, 2017 Price $275,000
  • Dec 08, 2016 Listed at $300,000
  • Nov 29, 2016 Withdrawn
  • Feb 01, 2016 Listed at $349,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $1.01
  • Price / Interior Sf: $376
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Year Remodeled: 2018
  • Zoning: X2 - Apartment Precinct
  • Management Company: Hawaiiana
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Condo Association Pool, Exercise Room, Other, Pool on Property, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-338
  • Tax Assessed Land: $17,900
  • Tax Assessed Improvements: $615,600
  • Tax Assessed Total: $633,500
  • Courtesy: Integrity LLC
  • MLS: 202124497
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 23, 2022. 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
Discovery Bay - at the entrance of Waikik. Footsteps to Ala Moana Mall, Ala Moana Park, Waikiki beach, restaurants, convention center, University of Hawaii, and bus-lines. Large size corner unit with enclosed lanai. 2-bedroom 2-bath.1 -covered assigned parking is steps from the elevator. Bedrooms on opposite sides and mauka side. Ample closet space. Renovated & upgraded several years ago. Ready to move in. Well maintained building, 24-hr security, great amenities (pool, whirlpool, sauna, sundeck, BBQ, gyms, library, etc. Cats allowed, but not dogs. Owners association owns 62.7% of the land. it will become fee simple when they purchase 37.3% of the land. It is quite different from other LH properties. Currently rented to short term tenant.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 23, 2022. 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.