235 MALAAI RD, HILO, HI 96720

Now Available in Waiākea for under $500k • 1 Acre • 3BD/2BA

Listing Provided by: KW Big Island
MLS #: 728891

Description

Set on a full acre in the heart of Waiākea Homesteads, this classic Hilo property offers space, character, and a canvas for your next chapter. Built in 1967, the home carries a timeless feel with rich redwood paneling and hardwood flooring—details that reflect craftsmanship from a different era. With 3 bedrooms and 2 baths, there’s room to live comfortably while making it your own. Outside, the expansive acreage opens the door to endless possibilities—gardens, outdoor living, or simply enjoying the privacy and natural surroundings. A 2-car carport and an enclosed garage provide flexibility for storage, hobbies, or future use - totaling 980 sq ft of outdoor, covered space. Properties like this—offering both land and location—don’t come around often. Just minutes from Hilo town, yet with the space to truly breathe.

Property Details

Price: $495,000
Sold Price:
Address: 235 MALAAI RD, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential
Type:

Total Bedrooms: 3
Total Bathrooms: 2
Full Baths: 2
Living Area: 972 Square Feet

Listed by: KW Big Island
Year Built: 1967
Levels: One

Features and Amenities

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

Appliances: Range, Range Hood, Refrigerator
Fireplace Features:
Flooring: Hardwood, Vinyl
Security:
Laundry:

Garage Spaces:
Carport Spaces:
Parking Features: Attached, Covered
Additional Structures:
Home Warranty:

Community Information

Project Name:
Subdivision Name: WAIAKEA HOMESTEADS 2ND SERIES
Association Fee: $0 Monthly

Stories:
Year Established:

Lava Zone: 3
Flood Zone: X

Land Information

Lot Size: 43,604 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple

Lot Features: Grassy
Frontage Type:
Roads: County, Paved
Roads Frontage Type:

Zoning: A-3A
Horse Amenities:

Additional Details

Assessed Tax Value: $407,700
Annual Tax: $2,426
Tax Year: 2025
Tax Lot: 2
Tax Block:

Utilities: Electricity Available, Phone Available
Cooling:
Heating:
Sewer: Cesspool
Water:
Solid Waste Disposal: County-Charge

First Listed April 24, 2026, 8:14 am
Last Updated April 24, 2026, 8:14 am
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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