Bought with Hawaiian Joy LLC
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Key Details
Sold Price $320,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 683 sqft
Price per Sqft $468
Subdivision Waikiki
MLS Listing ID 202401720
Sold Date 08/09/24
Style High Rise
Bedrooms 1
Full Baths 1
Construction Status Excellent,Updated/Remodeled
HOA Fees $917
HOA Y/N No
Year Built 1977
Annual Tax Amount $2,040
Property Description
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.
Location
State HI
County Oahu
Community Barbecue, Fitness, Pool, Sauna, Trash Chute
Area Metro
Interior
Cooling Central Air
Flooring Ceramic Tile, Vinyl
Furnishings Furnished
Fireplace No
Exterior
Garage Assigned, Covered, One Space
Community Features Barbecue, Fitness, Pool, Sauna, Trash Chute
Amenities Available Management
View Y/N Yes
View City, Mountain(s)
Parking Type Assigned, Covered, One Space
Total Parking Spaces 1
Building
Entry Level One
Architectural Style High Rise
Level or Stories One
New Construction No
Construction Status Excellent,Updated/Remodeled
Others
HOA Fee Include Cable TV,HVAC,Hot Water,Internet,Sewer,Water
Tax ID 1-2-6-012-010-0308
Security Features Key Card Entry,Security Guard
Financing Cash
Special Listing Condition None
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