56 PUKIHAE ST HILO HI 96720

Oceanfront home/B&B right next to downtown Hilo
56 PUKIHAE ST HILO 96720

Owner is retiring and looking to sell this beautiful ocean front property with very successful and profitable bed and breakfast.

Property is right across the river from downtown Hilo.
Zoned Resort/Hotel so can be developed into so many options. Zoned V.75 which equals 38 unit potential.
Currently is an award winning bed and breakfast, one of the best in Hawaii

SMA has been approved and plans are with the building department for the projected development.
Property originally had 3 homes on the property and the current plans are to keep that same configuration with 10 units.
Plans are available for review and include the three homes with 10 units, pool, and pickleball court. While plans are approved, home is being sold as is with many of these projects waiting on building department permits.

Main home has been recently renovated with new electric, plumbing, windows, and kitchen.
Main home will have new roof by the end of June 2022
Main home is within a few feet of the ocean. Makes you feel like you are on a boat since you are so close. Over time there has been and will continue to be erosion of the cliff. The owner states that they typically see only an inch or two of erosion per year and project/estimate that the home will be fine for the next 10-30 years. There is a company on island that can move the main home when you want to, and the price is very reasonable.
Estimate is owners best guess and based on what they have seen over the years that they have been here.

Current owners happy to work with new owners on running the bed and breakfast for a specified period of time.

Property has coconut trees, tons of banana trees, and pineapple. This is the best area to grow in the state as there is about 5 feet of topsoil.

Courtesy of Bizwala

Basic Details

MLS Price Address
661688 $2,400,000 56 PUKIHAE ST HILO 96720
Property Type District Subdivision
Residential South Hilo PUUEO LOTS
Year Built Terms Assessed Value
1031 Exchange,Cash,Construction Loan,Conventional,Developer Package $838,500
Taxes Monthly Fees Assessed Year
$7,135 2022
MLS
661688
Price
$2,400,000
Address
56 PUKIHAE ST HILO 96720
Property Type
Residential
District
South Hilo
Subdivision
PUUEO LOTS
Year Built
Terms
1031 Exchange,Cash,Construction Loan,Conventional,Developer Package
Assessed Value
$838,500
Taxes
$7,135
Monthly Fees
Assessed Year
2022

Interior

Appliances Features Washer/ Dryer
Dishwasher,Microwave,Refrigerator,Range/Oven Ceilings-9'+,Elevator,Smoke/Heat Detector Dryer,Washer
Half Baths Full Baths Total Baths
1 7 7.01
Bedrooms Floors Total SF
7 Hardwood,Vinyl 3,232
Window Treatments Fireplace
Drapes
Appliances
Dishwasher,Microwave,Refrigerator,Range/Oven
Features
Ceilings-9'+,Elevator,Smoke/Heat Detector
Washer/ Dryer
Dryer,Washer
Half Baths
1
Full Baths
7
Total Baths
7.01
Bedrooms
7
Floors
Hardwood,Vinyl
Total SF
3,232
Window Treatments
Drapes
Fireplace

Exterior

Design View Lot Description
Wood Frame Bay,City,Ocean,Sunrise Clear
Garage SF Fencing Lot Area
29,076
Tenure Lava Zone Exterior Area
Fee Simple 8 300
Zoning Oceanfront Pool
V-.75 Y N
Roads Schools
Paved
Design
Wood Frame
View
Bay,City,Ocean,Sunrise
Lot Description
Clear
Garage SF
Fencing
Lot Area
29,076
Tenure
Fee Simple
Lava Zone
8
Exterior Area
300
Zoning
V-.75
Oceanfront
Y
Pool
N
Roads
Paved
Schools

Utilities

Heating/Cooling Phone Power
Cable,Land Line Overhead
Sewer Solid Waste Disposal TV Access
Cesspool,Septic None Satellite,Cable
Water
County
Heating/Cooling
Phone
Cable,Land Line
Power
Overhead
Sewer
Cesspool,Septic
Solid Waste Disposal
None
TV Access
Satellite,Cable
Water

Building/Community Information

Building Name No. of Units Parking
Unassigned
Security Unit Description
Duplex
Building Name
No. of Units
Parking
Unassigned
Security
Unit Description
Duplex

Location

Last Updated: May 22, 2022 @ 5:05

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