Discovery Bay

Discovery Bay, situated in Waikiki, offers versatile living options. Whether you reside here or utilize it as an investment, it provides ample opportunities for income generation. Its location near Ala Moana offers access to renowned shopping, dining, and a popular beach park. Additionally, the complex houses various dining options and bars, allowing residents to enjoy their leisure time without leaving the building.

Comprising the Endeavor and Resolution towers, the condos offer scenic views of the ocean or Waikiki streets. Security features like locked lobbies and private guards ensure safety, while parking stalls are included with units.

However, all units in Discovery Bay are leasehold, with the lease set to expire in 2039. At this point, all parties involved in the land must reach an agreement. Unlike typical leasehold properties, owners with an interest in the fee cannot be asked to vacate their units upon lease expiration, offering a unique advantage as the AOAO currently owns 62.7% of the fee interest and are in process to purchase an additional 31%. The AOAO’s endeavor to acquire full control of the land presents an opportunity for fee ownership, which is highly advantageous for owners, especially considering the looming lease expiry in 2039. This move would grant more autonomy and stability to residents, ensuring they can continue to reside in their units beyond the lease period without facing displacement, a common issue in many leasehold properties.

Discovery Bay’s strategic location, versatile living options, and amenities make it a sought-after destination. With the potential transition to fee ownership, the future of Discovery Bay promises even greater stability and value for its owners, solidifying its status as a Waikiki institution.