Hawaii Living

Discovery Bay #2318 (Waikiki)

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  • Sold 5/15/24 at $300,000
    (List Price: $315,000)
  • Beds: 1
  • Baths: 1
  • Living: 770 ft²
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 406 / month
  • Fee Purchase: $129,816
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $917 / month
  • Property Taxes: $166 / month ?
  • Est. Mortgage: $1,552 / mo - adjust loan
  • Time Listed for Sale: 86 days
  • Status: Sold
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1778 Ala Moana Blvd #2318, Honolulu

Description
A welcoming, spacious one bedroom unit enhanced with an enclosed lanai looking out on a cool, quiet, mountain view in the Resolution Tower. A "cook's kitchen" featuring updated stainless steel appliances and outstanding storage with large pull out drawers accompanied by roomy cabinets and a china hutch in the dining area. Discovery Bay is a secured entry building in an excellent location near the beach, restaurants and Ala Moana Center with easy access in and out of Waikiki. After all these years, the land owners are making available the remainder of the fee (less 3%) giving a buyer the opportunity to own a large unit in a well maintained building with an excellent location for a far less price of comparable, neighboring condos. Fee available for purchase now at $129,816 with submission of fee purchase sales contract deadline May 31, 2024 with closing by July 31, 2025.
Past Activity
  • May 15, 2024 Sold for $300,000
  • Apr 17, 2024 Under Contract
  • Feb 27, 2024 Price $315,000
  • Jan 22, 2024 Listed at $329,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.19
  • Price / ft²: $390
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: AC Central, Cable TV, Internet Service, Other Common Expenses, Sewer, Water
  • Year Remodeled: 2022
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Other
  • Furnished: Full
  • Property Condition: Above Average
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana Mgmt.
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Patio/Deck, Pool on Property, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-480
  • Tax Assessed Land: $13,200
  • Tax Assessed Improvements: $557,300
  • Tax Assessed Total: $570,500
  • Courtesy: Captain Cook Real Estate / (808) 735-5588
  • MLS: 202401203
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 December 21, 2024.Information is deemed reliable but not guaranteed.
Other Discovery Bay Listings
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Leasehold
$329,000
Discovery Bay #1217
1 Bd | 1 Ba
769 ft²
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Leasehold
$290,000
Discovery Bay #1517
1 Bd | 1 Ba
683 ft²
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Leasehold
$285,000
Discovery Bay #2918
1 Bd | 1 Ba
683 ft²
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Leasehold
$349,000
Discovery Bay #3416
1 Bd | 1 Ba
724 ft²
Other Waikiki Condos
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$310,000
Aloha Lani #2405
1 Bd | 1 Ba
413 ft²
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$319,000
Ala Wailani #402
1 Bd | 1 Ba
535 ft²
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$325,000
Rosalei #609
1 Bd | 1 Ba
477 ft²
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$325,000
Boulevard Tower #303
1 Bd | 1 Ba
506 ft²
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$325,000
Waikiki Townhouse #1402
1 Bd | 1 Ba
590 ft²
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$335,000
Waikiki Park Heights #503
1 Bd | 1 Ba
488 ft²
  • Sold 5/15/24 at $300,000
    (List Price: $315,000)
Description
A welcoming, spacious one bedroom unit enhanced with an enclosed lanai looking out on a cool, quiet, mountain view in the Resolution Tower. A "cook's kitchen" featuring updated stainless steel appliances and outstanding storage with large pull out drawers accompanied by roomy cabinets and a china hutch in the dining area. Discovery Bay is a secured entry building in an excellent location near the beach, restaurants and Ala Moana Center with easy access in and out of Waikiki. After all these years, the land owners are making available the remainder of the fee (less 3%) giving a buyer the opportunity to own a large unit in a well maintained building with an excellent location for a far less price of comparable, neighboring condos. Fee available for purchase now at $129,816 with submission of fee purchase sales contract deadline May 31, 2024 with closing by July 31, 2025.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 21, 2024.Information is deemed reliable but not guaranteed.
    • May 15, 2024 Sold for $300,000
    • Apr 17, 2024 Under Contract
    • Feb 27, 2024 Price $315,000
    • Jan 22, 2024 Listed at $329,000
    • 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.


    Other Discovery Bay Listings
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    Leasehold
    $329,000
    Discovery Bay #1217
    1 Bd | 1 Ba
    769 ft²
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    Leasehold
    $290,000
    Discovery Bay #1517
    1 Bd | 1 Ba
    683 ft²
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    Leasehold
    $285,000
    Discovery Bay #2918
    1 Bd | 1 Ba
    683 ft²
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    Leasehold
    $349,000
    Discovery Bay #3416
    1 Bd | 1 Ba
    724 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.