Hawaii Living

Discovery Bay #915 (Waikiki)

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1778 Ala Moana Blvd #915, Honolulu

This property was sold March 05, 2021 for $164,000
Description
This fully upgraded studio is found across from sandy beaches, ocean sports and shops galore! Conveniently located at the gateway to Waikiki Beach, you are minutes from restaurants, nightlife, Ala Moana Shopping Center and bus stops. Enjoy this TURN KEY furnished studio, sparkling full kitchen of granite counter-tops, all new cabinets, glass tile back-splash, porcelain tile, laminate wood, luxury shower stall, newer appliances, even a wall mounted TV, comfortable Luxury Bed also. SMOOTH plastered ceiling.AMAZING value! Complete with ALL FURNITURES, double stacked washer dryer, deeded covered parking on same level as unit! Good income potential for investment (cash flow) or enjoy as your home in Hawaii. Owner spent about $30,000!One of the most meticulously designer finished units at this Waikiki building.
Past Activity
  • Mar 05, 2021 Sold for $164,000
  • Jan 30, 2021 Expired
  • Jan 13, 2021 In Escrow
  • Mar 16, 2020 Price $170,000
  • Jan 29, 2020 Listed at $179,000
  • Jul 26, 2019 Withdrawn
  • Jun 21, 2019 Price $180,000
  • Apr 16, 2019 Price $185,000
  • Jan 31, 2019 Listed at $188,000
More Details
  • HOA Fees / Interior Sf: $0.98
  • Price / Interior Sf: $366
  • HOA Fees Include: Cable TV, Sewer, Water
  • Year Remodeled: 2020
  • Owner, Tax & Resale History: Click here
  • Zoning: X2 - Apartment Precinct
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • Any View: City, Mountain
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana
  • Security Features: Keyed Elevator, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Patio/Deck, Pool on Property, Resident Manager, Restaurant, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-345
  • Tax Assessed Land: $17,000
  • Tax Assessed Improvements: $286,000
  • Tax Assessed Total: $303,000
  • Courtesy: List Sotheby's Int'l Realty
  • MLS: 202002055
Related Articles
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on July 27, 2021. 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
This fully upgraded studio is found across from sandy beaches, ocean sports and shops galore! Conveniently located at the gateway to Waikiki Beach, you are minutes from restaurants, nightlife, Ala Moana Shopping Center and bus stops. Enjoy this TURN KEY furnished studio, sparkling full kitchen of granite counter-tops, all new cabinets, glass tile back-splash, porcelain tile, laminate wood, luxury shower stall, newer appliances, even a wall mounted TV, comfortable Luxury Bed also. SMOOTH plastered ceiling.AMAZING value! Complete with ALL FURNITURES, double stacked washer dryer, deeded covered parking on same level as unit! Good income potential for investment (cash flow) or enjoy as your home in Hawaii. Owner spent about $30,000!One of the most meticulously designer finished units at this Waikiki building.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on July 27, 2021. 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.