MLS Number 202401720 For Sale
Let our Oahu real estate inspire you...
This high floor, spacious 1-bedroom unit has been updated and well maintained offering you a turn-key experience to enjoy the iconic lifestyle at Discovery Bay in Waikiki. Offered fully furnished, you can simply bring your suitcase and move right in and enjoy Hawaii living on your terms. Currently tenant occupied, this would also make a wonderful investment property as you could earn income on day 1 too. Discovery Bay has been making headlines as the AOAO has been acquiring the Fee Interest and now the AOAO owns nearly 97% of the fee interest. Starting in 2024, you could even purchase the majority Fee Simple interest and reduce your monthly expenses. Although this is currently a leasehold building, Discovery Bay Homeowners Association recently purchased additional leasehold interest that will make this a 96.893% fee simple unit. Fee interest can be acquired and conveyed to this unit in early 2024. This is a qualified fee simple building, meaning it will be 100% fee simple in the future.
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Property Type | Condo/Townhouse |
| Building Name | Discovery Bay |
| Unit Number | 3908 |
| Bedrooms | 1 |
| Full Bathrooms | 1 |
| Interior Living Area | 683 sq. ft.
63.45 sq. m. |
| Open Lanai Area |
86 sq. ft. 7.99 sq. m. |
| Total Area |
769 sq. ft. 71.44 sq. m. |
| Year Built | 1977 |
| Remodel Type | Partial |
| Furnished | Yes |
| Parking Total | 1 |
| Parking Type |
|
| Property Condition | Excellent |
| Unit Features |
|
| Views |
|
| Inclusions |
|
| Flooring |
|
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Amenities |
|
| Architectural Style |
|
| Condo Parking Unit | 7-123 |
| Construction Materials |
|
| Elevators | 4 |
| Management Company | Hawaiiana (tel. 808-593-9100) |
| Owner Occupancy | 20% |
| Security |
|
| Stories | 21+ |
| Attribution Contact | Portfolio: (808) 735-5585 |
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Current Price | $350,000 LH - Leasehold |
| Price / Sq. Ft. | $512.45 / Sq. Ft. |
| Land Tenure | LH - Leasehold (Your rent the land underneath.) |
| Lease Expiration | 2039 (in 15 years) |
| Lease Fee Purchase | $129,816 |
| Lease Fee Rent | $406 / Month |
| Tax Assessed Value | $581,700 |
| Tax Assessed Value Improvements | $568,500 |
| Tax Assessed Value Land | $13,200 |
| Tax Exemption Owner Occupancy | $0 |
| Tax Amount | $170 / Month |
| Tax Year | 2023 |
| TMK (Tax Map Key) | 1-2-6-012-010-0308 |
| Maintenance | $917 / Month |
| Maintenance/SqFt | $234 / Month / Sq. Ft. |
| Total Monthly Fees | $917 / Month |
| Item | Details |
|---|---|
| City | Honolulu |
| Neighborhood | Waikiki |
| Zip Code | 96815 |
| Zoning | X2 - Apartment Precinct |
| Flood Zone | Zone AE |
