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287 WAINAKU ST, HILO, HI 96720

Wainaku - Pukihae Gardens

Listing Provided by: Ray Kobayashi Jr REALTOR
MLS #: 718446
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Description

Discover the unique charm of this riverfront property on the scenic Pukihae Stream, just a short stroll from Downtown Hilo. Tucked within a peaceful three-lot subdivision, this is the only existing home—perfectly positioned for abundant sunshine, cooling breezes, and rare privacy.Enjoy parking for 2–4 vehicles and rare low-bank access to the stream, where you can step directly into the water and relax in your own serene swimming area. This magical retreat offers exceptional potential—whether as a personal residence, a lucrative rental, or an expanded development opportunity thanks to its multi-family zoning and additional uses permitted by the County.|The adjacent partially developed parcel, “Lot 40,” is also available. Purchasing both properties together could create an ideal estate property with prime development potential. |- Seller is motivated—don’t miss this opportunity! Just five minutes on foot from the vibrant heart of Old Hilo Town, you’ll be close to restaurants, local shops, farmers markets, and community events. Bayfront Hilo’s surfing spot is also a short walk away, giving you the best of both worlds—tropical streamside living without sacrificing convenience.Home is tenant-occupied; 48 hours’ notice required. Please do not visit without permission. All information is deemed reliable but not guaranteed. Buyers and their agents to verify all details.

Property Details

Price: $559,000
Sold Price:
Address: 287 WAINAKU ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential
Type:

Total Bedrooms: 2
Total Bathrooms: 2
Full Baths: 2
Living Area: 896 Square Feet

Listed by: Ray Kobayashi Jr REALTOR
Year Built: 2015
Levels: Two

Features and Amenities

Interior Features:
Exterior Features:
View: Garden, River
Pool:
Pool Features:

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

Community Information

Project Name:
Subdivision Name:
Association Fee: $0 Monthly
Stories:
Year Established:
Lava Zone: 8
Flood Zone: X

Land Information

Lot Size: 10,000 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple
Lot Features: Cleared
Frontage Type: River, Stream/Canal
Roads: County
Roads Frontage Type: HIS Road/Street
Zoning: RM-10
Horse Amenities:

Additional Details

Assessed Tax Value: $507,900
Annual Tax: $5,638
Tax Year: 2024
Tax Lot: B-1-C-2
Tax Block:

Utilities: Cable Available, Electricity Available, Phone Available, Water Available
Cooling:
Heating:
Sewer: Cesspool
Water: Public
Solid Waste Disposal: Private Contractor

First Listed February 19, 2025, 9:05 am
Last Updated August 15, 2025, 1:16 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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