287 WAINAKU ST, HILO, HI 96720

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 Hilo’s 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 buyer’s agent are responsible for verifying all listing details.

Listed by: Ray Kobayashi Jr REALTOR
Year Built: 2015
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Zoning: RM-10
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