5 Beds
5 Baths
4,428 SqFt
5 Beds
5 Baths
4,428 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,428 sqft
Price per Sqft $198
Subdivision Panaewa Heights
MLS Listing ID 718891
Bedrooms 5
Full Baths 5
HOA Y/N No
Year Built 1971
Annual Tax Amount $2,666
Tax Year 2024
Lot Size 1.138 Acres
Property Sub-Type Single Family Residence
Source Hawaii Information Service
Land Area 49571
Property Description
Located in the serene and private subdivision off of Stainback. Hwy. This 1.1375 acre estate offers a rare blend of investment potential and Island charm. Located in a well-established subdivision with underground electricity and county water, this lush retreat is minutes from Hilo's conveniences while feeling like a private sanctuary. Within the spacious yard there are several fruit trees avocado, rambutan, Kukui nut, citrus & mango.
At the heart of the property is the primary residence, a spacious two story home featuring 4 bedrooms and 3 bathrooms. The expansive open beam ceiling and skylights enhance the airy, open feel of the living spaces, filling them with natural light. Beautiful slate flooring in the living room and hallway. Let's not forget the screened in lanai with breathtaking rainforest views- perfect for unwinding. The interior of up and downstairs has been freshly painted. This home has a solar water heater making it energy efficient.
Adding to the appeal is a thriving income generating short term rental. This ohana / STVR accommodates 4-6 guests comfortably with 2 bedrooms &1 bath and comes with everything needed to enjoy Hawaii's outdoor adventures. With ample parking and a proven track record of success, this turn key rental offers immediate income potential for investors looking to maximize returns in Hilo's desirable market.
Location
State HI
County Hawaii Island (big Island)
Community Panaewa Heights
Area Hi
Zoning A-3A
Region South Hilo
City Region South Hilo
Interior
Flooring Carpet
Exterior
Parking Features Unassigned
Utilities Available Electricity Available
View Y/N No
Garage No
Private Pool No
Building
Entry Level One,Two
Sewer Cesspool
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Fee Simple, Standard
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