720 LAUKAPU ST, HILO, HI 96720

Exceptional 4,700sf compound with income-producing options.

Listing Provided by: Ray Kobayashi Jr REALTOR
MLS #: 713198

Description

Once you enter this one-of-a-kind 4,700 sf home, you will never want to leave! And you don’t have to…with a home-based business or work-from-home option. In fact, the owners' intention when renovating was to create a possible bed and breakfast, taking advantage of the home's close location to the Merrie Monarch festivities.Corner property with two street entrances, with four entrance doors plus the garage. A grand foyer with indirect lighting, spacious air-conditioned living room, expansive bar area, family/game room and large bedroom. Vinyl koa laminate flooring.*Latest insurance estimate of replacement value of the home is $2.2 million.*Upstairs Accommodations: The upper floor includes two bedrooms with a bath and the Master bedroom with two large walk-in closets and bath. Cosmetic renovations needed. *Outdoor Amenities: An 8' lanai wraps around the front of the two-story section, a perfect space for barbecues and outdoor gatherings. A lush lawn and garden form a serene outdoor environment enabled by a custom wood/vinyl fence along Leilani Street and a hedge fence along Laukapu Street.*Energy Efficiency: Benefit from reduced utility costs with a leased photovoltaic system that enhances the property's energy efficiency.*New cantilevered windows, new flooring, new paint. Also included are two other refrigerators, two wall-mounted 50" televisions and one 80" TV and newer washer/dryer. Brand new windows for the upstairs units are part of the sale.*Subdivision Potential: Zoned RS-10, the 22,500sf lot can be subdivided into a 10,000 sq ft flag lot, offering future development possibilities.*Location is 7 minutes from the airport and very close to shopping areas and beaches.*Click on paperclip for house layout.

Property Details

Price: $1,150,000
Sold Price:
Address: 720 LAUKAPU ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential
Type: Single Family Home

Total Bedrooms: 4
Total Bathrooms: 4
Full Baths: 3
Living Area: 4,712 Square Feet

Listed by: Ray Kobayashi Jr REALTOR
Year Built: 1995
Levels: Two

Features and Amenities

Interior Features: Track Lightning, Wet Bar
Exterior Features:
View:
Pool:
Pool Features:

Appliances: Disposal, Dryer, Microwave, Oven, Range Hood, Refrigerator, Washer
Fireplace Features:
Flooring: Carpet, Laminate, Vinyl
Security:
Laundry:

Garage Spaces: 2
Carport Spaces:
Parking Features: Covered, Unassigned
Additional Structures:
Home Warranty:

Community Information

Project Name:
Subdivision Name: WAIAKEA HOUSE LOTS 1ST SERIES
Association Fee: $0 Monthly

Stories: 2
Year Established:

Lava Zone: 3
Flood Zone: X

Land Information

Lot Size: 22,500 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple

Lot Features: Corner Lot, Grassy
Frontage: a:0:{}
Frontage Type:
Roads: County, Paved
Roads Frontage Type: HIS Road/Street

Zoning: RS-10
Horse Amenities:

Additional Details

Assessed Tax Value: $696,500
Annual Tax: $3,021
Tax Year: 2023
Tax Lot: 2
Tax Block:

Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected
Cooling: HIS Air Conditioning, Wall/Window Unit(s)
Heating:
Sewer:
Water:
Solid Waste Disposal: None

First Listed August 23, 2024, 5:50 am
Last Updated April 28, 2025, 7:11 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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