485 WAIANUENUE AVE, #122, HILO, HI 96720

Looking for that perfect mix of island charm and city convenience?

Listing Provided by: Bizwala
MLS #: 731309
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Description

This is a leasehold property. Welcome to this gorgeous two-bedroom, one-bathroom condo in the desirable Hilo Terrace community, offering the perfect mix of island charm and city convenience. The living room glows with gorgeous natural light, leading into a super cute kitchen layout complete with hardwood cabinets, a fridge and a stove, and plenty of room to whip up your favorite meals. Enjoy spacious bedrooms with large closets and windows that open. There are an additional two closets in the condo to help handle all your storage goals. Location perks abound as you are situated directly across the street from local schools and just minutes from the bustling shops and eateries of downtown Hilo. Combining comfort with practicality, the property also features a pool, on-site trash disposal, municipal water, available mail service and a laundry facility. Fully furnished and move-in ready. Furniture can be purchased for an additional fee. HOA fees are about $750, which includes: HOA fees, reserve fee, gas, water, trash, and leasehold fee. Electrical is additional but billed through the monthly HOA statement Leasehold: This is a leasehold, meaning there is a $100/month leasehold fee to cover the lease fee, which can be purchased for an additional $55,000 +/-

Property Details

Price: $165,000
Sold Price:
Address: 485 WAIANUENUE AVE, #122, HILO, HI 96720
Ownership: CPR
Status: Active
Category: Residential
Type:

Total Bedrooms: 2
Total Bathrooms: 1
Full Baths: 1
Living Area: 695 Square Feet

Listed by: Bizwala
Year Built: 1963
Levels:

Features and Amenities

Interior Features:
Exterior Features:
View:
Pool:
Pool Features:

Appliances: Range, Refrigerator
Fireplace Features:
Flooring: Carpet
Security:
Laundry:
Garage Spaces:
Carport Spaces:
Parking Features: Assigned
Additional Structures:
Home Warranty:

Community Information

Project Name: Hilo Terrace
Subdivision Name: HILO
Association Fee: $750 Monthly
Stories:
Year Established:
Lava Zone: 3
Flood Zone: X

Land Information

Lot Size: Square Feet
Waterfront:
Land Lease Rent: $750
Lease Type:
Land Tenure: Leasehold
Lot Features:
Frontage Type:
Roads: County
Roads Frontage Type:
Zoning: CG-20
Horse Amenities:

Additional Details

Assessed Tax Value: $124,800
Annual Tax: $1,527
Tax Year: 2025
Tax Lot:
Tax Block:

Utilities: Electricity Available, Sewer Connected, Water Available
Cooling:
Heating:
Sewer:
Water: Public
Solid Waste Disposal: Included with Maintenance Fees

First Listed June 22, 2026, 10:34 am
Last Updated June 22, 2026, 10:34 am
Listing Conditions: Leasehold, Standard
Property Condition:
Financial Info Available:

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