MLS Number 202321064 For Sale

Let our Oahu real estate inspire you...

Charming studio with a full kitchen and washer/dryer in the unit. Central air, covered parking. Great amenities: hot-tub, pool, BBQ, sauna, fitness rooms, etc. Great investment property or 2nd home. All the units on this floor have high ceiling. Convenient location, across the street from Waikiki Beach, one block from Ala Moana Shopping Center. Central air, covered parking. Convenient location, across the street from Beach. Large sun deck on the 11th floor includes sparkling pool, spacious heated whirlpool, BBQ, exercise rooms,, sauna etc. Discovery Bay AOAO recently finalized agreement regarding purchase of additional leasehold interest to make it a 93.786% fee simple unit. Estimated cost to purchase is $72,522. Easy to see. This is a qualified fee simple building, meaning it will be 100% fee simple in the future. By early 2024, it will be 93.786% fee simple and the lease rent will be only 6.214% of the current lease rent. The remaining 6.214% leasehold will be fee simple in the future according to the information on Discovery Bay website. Please verify. Current fee simple assessed value for the unit is $432,300. The list price is below market value by 50k or more.

Item Details (Information deemed reliable, but not guaranteed.)
Property Type Condo/Townhouse
Building Name Discovery Bay
Unit Number 1015
Bedrooms studio
Full Bathrooms 1
Interior Living Area 464 sq. ft.
43.11 sq. m.
Total Area 464 sq. ft.
43.11 sq. m.
Year Built 1977
Year Remodeled 2018
Remodel Type Full
Furnished Yes
Parking Total 1
Parking Type
  • Assigned
  • Covered - 1
Property Condition Excellent
Unit Features
  • Bedroom on 1st Level
  • Central AC
  • Full Bath on 1st Floor
  • Odd# Unit
  • City
  • AC Central
  • Disposal
  • Drapes
  • Dryer
  • Range/Oven
  • Refrigerator
  • Washer
  • Vinyl
Item Details (Information deemed reliable, but not guaranteed.)
  • BBQ
  • Exercise Room
  • Pool on Property
  • Recreation Area
  • Resident Manager
  • Restaurant
  • Sauna
  • Security Guard
  • Trash Chute
  • Whirlpool
Architectural Style
  • High-Rise 7+ Stories
Condo Parking Unit 10-45
Construction Materials
  • Above Ground
  • Concrete
Elevators 4
Management Company Hawaiiana (tel. 808-593-9100)
Owner Occupancy 40%
Property Frontage
  • Other
Attribution Contact Darlene Y S Chun: (808) 941-8436
Item Details (Information deemed reliable, but not guaranteed.)
Current Price $275,000 LH - Leasehold
Price / Sq. Ft. $592.67 / Sq. Ft.
Land Tenure LH - Leasehold (Your rent the land underneath.)
Lease Expiration 2039 (in 16 years)
Lease Renegotiation Date 2023-08-14
Lease Fee Purchase $72,522
Lease Fee Rent $245 / Month
Tax Assessed Value $432,300
Tax Assessed Value Improvements $424,400
Tax Assessed Value Land $7,900
Tax Exemption Owner Occupancy $0
Tax Amount $98 / Month
Tax Year 2023
TMK (Tax Map Key) 1-2-6-012-010-0351
Maintenance $522 / Month
Maintenance/SqFt $58 / Month / Sq. Ft.
Total Monthly Fees $522 / Month
Item Details
City Honolulu
Neighborhood Waikiki
Zip Code 96815
Zoning X2 - Apartment Precinct
Flood Zone Zone AE


Contact Request

Hi, I'm Sachiko Trillo, Oahu Realtor.

The idea of buying Oahu real estate can be overwhelming at times. I completely understand!

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  1. Take time to Listen carefully to you about your ideal home or condo.
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  3. Guide you, step-by-step, through the entire purchase process.
Sachiko Trillo, Realtor

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