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287 Wainaku St

Hilo, HI 96720
  • $585,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 718446
UPDATED: 37 min ago
$585,000
  • 2
    BEDS
  • 0.23
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 896
    SQFT
  • $653
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2015
Area:

School Ratings & Info

Description

Discover the unique charm of this riverfront property, nestled along the scenic Pukihae Stream and just a short walk from Downtown Hilo. Located in a peaceful 3-lot subdivision, this is the only building/house, perfectly positioned to enjoy abundant sunshine, air flow, and a unique privacy. The property offers parking for 2-4 cars and features rare low-bank access to the stream, allowing you to easily step into the water and enjoy a serene swimming area. This magical retreat makes for an exceptional investment, whether as a personal residence, a lucrative rental, or an expanded venture because of the Multi-family zoning with additional uses allowed by the County.Just 5 minutes (walking) from the vibrant heart of Old Hilo Town, you'll find wonderful restaurants, local shopping, farmers markets, and frequent festivities. Plus, Bayfront Hilos surfing spot is a short walking distance away, offering the best of both worlds"tropical living with a stream on the property, without being too far from the conveniences of town.The adjacent partially developed land Lot 40 is also listed for sale. If both this house property and Lot 40 are purchased together, then this would be an ideal development for an Estate Property and/or a Hosted Airbnb . The Multi-Family Use zoning lists allowable commercial activities which include retreat center or other ventures for this unique scenic property along the stream with nature. Home is rented. 48 hours' notice is required. Please refrain from visiting the property without permission. All information is deemed reliable but not guaranteed. Buyer and buyers agent are responsible for verifying all listing details.

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© 2025 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Equity Hawai'i Real Estate. Data last updated: 2025-03-18T09:34:18.573.
www.hawaiidreamrealty.com/homes/160667953
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287 Wainaku St Hilo, HI 96720

  • Price: $585,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 37 min ago
  • MLS #: 718446
2
Beds
2
Baths
0
½ Baths
0.23
Acres
896
SQFT
$653
$/SQFT
2015
Built
Neighborhood:
South Hilo
Area:
South Hilo
Property Description
Discover the unique charm of this riverfront property, nestled along the scenic Pukihae Stream and just a short walk from Downtown Hilo. Located in a peaceful 3-lot subdivision, this is the only building/house, perfectly positioned to enjoy abundant sunshine, air flow, and a unique privacy. The property offers parking for 2-4 cars and features rare low-bank access to the stream, allowing you to easily step into the water and enjoy a serene swimming area. This magical retreat makes for an exceptional investment, whether as a personal residence, a lucrative rental, or an expanded venture because of the Multi-family zoning with additional uses allowed by the County.Just 5 minutes (walking) from the vibrant heart of Old Hilo Town, you'll find wonderful restaurants, local shopping, farmers markets, and frequent festivities. Plus, Bayfront Hilos surfing spot is a short walking distance away, offering the best of both worlds"tropical living with a stream on the property, without being too far from the conveniences of town.The adjacent partially developed land Lot 40 is also listed for sale. If both this house property and Lot 40 are purchased together, then this would be an ideal development for an Estate Property and/or a Hosted Airbnb . The Multi-Family Use zoning lists allowable commercial activities which include retreat center or other ventures for this unique scenic property along the stream with nature. Home is rented. 48 hours' notice is required. Please refrain from visiting the property without permission. All information is deemed reliable but not guaranteed. Buyer and buyers agent are responsible for verifying all listing details.
Exterior Features

Design Double Wall Frontage Stream/CanalRoad/StreetRiver Land Tenure Fee Simple Lot Description Clear Ocean Front No Pool No Roads County Topography Level View RiverGarden

Interior Features

Appliances DisposalRefrigeratorRange/OvenRange Hood

Property Features

Assessed Value 507900 Assessment Year 2024 Distressed Standard Sale Lava Zone 8 Lot Number B-1-C-2 Monthly Association Fees 0.00 Oceanfront Unit N Phone Service CableCellLand LineSatellite Power Overhead Property Type Residential Sewer Cesspool Solid Waste Disposal Private Contractor Tax Key 326008042 Taxes 5637.69 Terms ConventionalAgreement of Sale Tv Availability CableSatellite Vehicle Parking Assigned Water MunicipalCounty Zoning RM-10

Listing information © 2025 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Ray Kobayashi Jr REALTOR.


© 2025 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Equity Hawai'i Real Estate. Data last updated: 2025-03-18T09:34:18.573.
 
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Equity Hawai'i Real Estate
210 Kamehameha Avenue
Hilo HI, 96720