Hawaii Living

Discovery Bay #3320 (Waikiki)

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  • Sold 8/20/24 at $320,000
    (List Price: $308,888)
  • Beds: 0
  • Baths: 1
  • Living: 464 ft²
  • Tenure:Leasehold ?
  • Leasehold Expiry: 08/14/39
  • Lease Rent: $ 245 / month
  • Fee Purchase: $80,000
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $553 / month
  • Property Taxes: $155 / month ?
  • Est. Mortgage: $1,522 / mo - adjust loan
  • Time Listed for Sale: 7 days
  • Status: Sold
  • Buy without visiting ?
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1778 Ala Moana Blvd #3320, Honolulu

Description
A rare opportunity to own a high floor, direct ocean view unit in this 'Resort' like Building of Discovery Bay. For a studio, this '20' stack has the best views. This unit comes complete with furnishings, washer/dryer, full kitchen and lots of closet and storage space. Amenities include a weight room, pool, hot tub, sauna, large sun deck, security, parking and its own business/shopping mall on the 1st. level, with a McDonalds and other restaurants . This building is conveniently located walking distance to literally all you would need, with Ala Moana Shopping Center and Beach Park 2 blocks away, the yacht Harbor across the street and minutes to several dining establishments.It is a great time to consider the Discovery Bay. Fee simple interest (96.893%) is now available to purchase for $80,000 to make this unit a qualified fee simple property (Fee application deadline is May 31, 2024, to ensure pricing and closing by July 31, 2025). Owners will eventually be able to purchase the remaining 3.107% and convert their property to 100% fee simple. Current fee simple assessed value for the unit is $513,300. The list price is below market value .
Past Activity
  • Aug 20, 2024 Sold for $320,000
  • Jul 17, 2024 Under Contract
  • Jul 16, 2024 Back to Active
  • Jul 08, 2024 Under Contract
  • Jul 02, 2024 Listed at $308,888
  • Jun 06, 2022 Sold for $229,000
  • May 21, 2022 Under Contract
  • May 10, 2022 Back to Active
  • Apr 29, 2022 Under Contract
  • Apr 15, 2022 Price $229,000
  • Mar 30, 2022 Listed at $240,000
  • Mar 28, 2022 Off Market
  • Mar 19, 2022 Listed at $243,000
  • Oct 02, 2018 Sold for $220,000
  • Sep 02, 2018 Under Contract
  • Aug 27, 2018 Listed at $228,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.19
  • Price / ft²: $690
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Mckinley
  • View: City, Coastline, Ocean, Other, Sunset
  • Furnished: Full
  • Property Condition: Above Average
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana
  • Security Features: Key, Security Patrol
  • Amenities: BBQ, Exercise Room, Other, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-582
  • Tax Assessed Land: $14,300
  • Tax Assessed Improvements: $499,000
  • Tax Assessed Total: $513,300
  • Courtesy: HI Home For Sellers & Buyers / (808) 358-8828
  • MLS: 202415264
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
$290,000
Discovery Bay #1517
1 Bd | 1 Ba
683 ft²
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Leasehold
$329,000
Discovery Bay #1217
1 Bd | 1 Ba
769 ft²
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Leasehold
$285,000
Discovery Bay #2918
1 Bd | 1 Ba
683 ft²
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Leasehold
$279,000
Discovery Bay #1015
Studio | 1 Ba
464 ft²
Other Waikiki Condos
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$320,000
Island Colony #1118
Studio | 1 Ba
313 ft²
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$320,000
Luana Waikiki #119
Studio | 1 Ba
313 ft²
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$319,000
Ala Wailani #402
1 Bd | 1 Ba
535 ft²
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$325,000
Waikiki Townhouse #1402
1 Bd | 1 Ba
590 ft²
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$325,000
Rosalei #609
1 Bd | 1 Ba
477 ft²
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$315,000
Liliuokalani Gardens #907
Studio | 1 Ba
321 ft²
  • Sold 8/20/24 at $320,000
    (List Price: $308,888)
Description
A rare opportunity to own a high floor, direct ocean view unit in this 'Resort' like Building of Discovery Bay. For a studio, this '20' stack has the best views. This unit comes complete with furnishings, washer/dryer, full kitchen and lots of closet and storage space. Amenities include a weight room, pool, hot tub, sauna, large sun deck, security, parking and its own business/shopping mall on the 1st. level, with a McDonalds and other restaurants . This building is conveniently located walking distance to literally all you would need, with Ala Moana Shopping Center and Beach Park 2 blocks away, the yacht Harbor across the street and minutes to several dining establishments.It is a great time to consider the Discovery Bay. Fee simple interest (96.893%) is now available to purchase for $80,000 to make this unit a qualified fee simple property (Fee application deadline is May 31, 2024, to ensure pricing and closing by July 31, 2025). Owners will eventually be able to purchase the remaining 3.107% and convert their property to 100% fee simple. Current fee simple assessed value for the unit is $513,300. The list price is below market value .
    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.
    • Aug 20, 2024 Sold for $320,000
    • Jul 17, 2024 Under Contract
    • Jul 16, 2024 Back to Active
    • Jul 08, 2024 Under Contract
    • Jul 02, 2024 Listed at $308,888
    • Jun 06, 2022 Sold for $229,000
    • May 21, 2022 Under Contract
    • May 10, 2022 Back to Active
    • Apr 29, 2022 Under Contract
    • Apr 15, 2022 Price $229,000
    • Mar 30, 2022 Listed at $240,000
    • Mar 28, 2022 Off Market
    • Mar 19, 2022 Listed at $243,000
    • Oct 02, 2018 Sold for $220,000
    • Sep 02, 2018 Under Contract
    • Aug 27, 2018 Listed at $228,000
    • 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
    • Photo
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    Leasehold
    $290,000
    Discovery Bay #1517
    1 Bd | 1 Ba
    683 ft²
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    Leasehold
    $329,000
    Discovery Bay #1217
    1 Bd | 1 Ba
    769 ft²
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    Leasehold
    $285,000
    Discovery Bay #2918
    1 Bd | 1 Ba
    683 ft²
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    Leasehold
    $279,000
    Discovery Bay #1015
    Studio | 1 Ba
    464 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: 08/14/39
    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.