291 WAINAKU Unit B-1-D
Hilo, HI 96720
- – beds
- – baths
- – sqft
- 13,996 sqft lot
Rare Riverfront Property Opportunity in Hilo Discover a unique opportunity to develop a private retreat or a distinctive business space on the Big Island. This flag lot, offering 13,699 sq. ft. within a one-acre, three-lot subdivision, in a RM 10 Zoning for multi-dwelling us, provides exceptional privacy as a rear lot with a private driveway. Enjoy direct, low-bank access to a picturesque stream and a beautiful downstream swimming area. Build your getaway cabin, home, or artist retreat in a truly magical setting. Located just five minutes from Old Hilo Town and Bayfront Hilo, this property offers convenient access to restaurants, shopping, farmers’ markets, local festivities, and even hot springs. Whether you’re seeking a residential escape or a commercial venture, this property is bursting with potential. Make your dream development a reality—this is a rare find! A Truly Rare Find and Exceptional Opportunity This property represents an extraordinary investment opportunity with substantial equity growth potential through real estate development and future income generation. Unlock Collaborative Potential with a Joint Venture Adjacent to Lot 40, the owner of the “house property” has also listed that property for sale, providing an opportunity to acquire both lots together. With a A joint venture partner could help develop Lot 40, creating possibilities for a bed & breakfast, retreat center, or picturesque wedding venue. A lot of research has been done with the County, and a strategic development plan is available upon request. Permission to enter the property Required!! Please respect the property owner’s request for permission before entering. Buyers and their agents are responsible for conducting due diligence and verifying all listing details. Contact the listing agent to learn more, schedule a showing, and explore potential joint venture opportunities.
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Last updated Feb 20, 2025
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MLS# 718440 —
Financial & Terms
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Land Tenure:Fee Simple
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Assessed Value:$158,300
Location
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Latitude:19.73200579
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Longitude:-155.09400838
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Lava Zone:8
The Property
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Lot Number:B-1-D
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Lot Description:Clear, Flag Lot
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Zoning:RM-10
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Topography:Fairly Level, Terraced
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Frontage:River
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Land Area:13996
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Fencing:Wire
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View:River
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Oceanfront:N
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Roads:Private
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Form:Land
Listing Agent
- Contact info:
- Office phone:
- (808) 959-4060
Taxes
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Taxes:$1,852.11
The Listing
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Distressed Property:Standard Sale
Utilities
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Water:Municipal
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Power:None, Overhead
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Sewer:Cesspool
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TV Access:Cable, Satellite
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Phone Access:Land Line
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Solid Waste Disposal (Trash):None
Schools
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School District:South Hilo
The Community
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Pool:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/19/25
Feb 19, 2025
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Listed / Active | HISMLS | $365,000 |
