289 WAINAKU ST, HILO, HI 96720

Pukihae stream front lot 20,000 sq ft in Hilo, surrounding forest - Rare!

Listing Provided by: Corcoran Pacific Properties
MLS #: 732996

Description

So rare to find stream-front building lots in Hilo that feel like it's hidden in the mountains. Less than 5 minute drive into downtown Hilo, this gorgeous vacant lot sits on Pukihae Stream. Reference Photos in listing reflect the property in its heyday. Jungle does what jungle does & is slowly being reborn. It's just waiting for a visionary to give it a good manicure or further develop & build new homes or business? A Narnia-like vision for the potential charm of this property is reflected in many attached photos. Some of the photos depict lot as it had been before the forest reclaimed improvements (concrete pads, sidewalks and retaining walls are overgrown). A blank canvas with exceptionally beautiful composition. Property located between the two other subdivision lots. Legal easements of record are in place for roadway access and utilities to Wainaku Street. Electric transmission line installed; county water transmission line partially installed in easement area on abutting roadside lot to Wainaku Street but additional installation needs to be arranged; Driveway is located within roadway easement located on flagpole portion of the rear subdivision lot. Installation of driveway onto property from the flagpole easement remains to be arranged; Additional parking options along Wainaku Street and on abutting roadside lot are possible; Includes and subject to shared recreational streamside easement. Subdivision bylaws including for maintenance of recreational easement area exist but contain disputed provisions that new owners encouraged to work with the other subdivision owners to update. Seller reports the property's provenance includes being previously owned by the sister of King Kamehameha IV. A good weed whacker & some sweat equity could turn it back into its delightful self. Verification of potential and all due diligence is the responsibility of Buyers and their Realtors®. MLS 732996

Property Details

Price: $525,000
Sold Price:
Address: 289 WAINAKU ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Land
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Listed by: Corcoran Pacific Properties
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Features and Amenities

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Community Information

Project Name:
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Association Fee: $0 Monthly

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Lava Zone: 8
Flood Zone: X

Land Information

Lot Size: 20,000 Square Feet
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Land Tenure: Fee Simple

Lot Features: Rim Lot, See Remarks, Wooded
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Roads: County, Private
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Zoning: RM-10
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Additional Details

Assessed Tax Value: $333,800
Annual Tax: $200
Tax Year: 2026
Tax Lot: B-1-C-1`
Tax Block:

Utilities: Electricity Available, Other
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Sewer: None
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Solid Waste Disposal: None

First Listed September 30, 2026, 6:47 pm
Last Updated September 30, 2026, 6:47 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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ZayaPlays

This is the first transaction Missy and I have worked on together. I found her to be very professional, compassionate as well as thorough! Her clients bought a new place (perfect for them) before selling their current home. This loan was more complicated than most and she did an amazing job!! Lots of support for her clients and proactive when we needed something for the loan process. It was a pleasure working with her!

Sharry Monroe

Dan Polimino was selected as my realtor after his interview revealed his extensive marketing plan. Dan is an ethical professional with a team that is talented, skillful, and responsive. Manny's installations, repairs, and attention to detail were exceptional. Dan and Manny were immediately responsive to questions and concerns. Dan is skillful in negotiation and dealing with difficult situations. He provided suggestions when appropriate and timely. I was kept up-to-date on the status of our listings. Dan and The Hawaii Team were a joy to work with providing a smooth transition in the sale of the properties.

Mike Koch

Dan was great to work with. Very knowledgeable with detailed answers for every question we had. A true professional.

Karen Anderson

The KW Big Island team are the most professional and efficient real estate team we have ever worked with, in Hawaii and beyond. From the first meeting, through staging, prepping the house for sale, hosting open houses, handling offers, and completing all the paperwork, they were fast, responsive and professional. They sold our house in three days by knowing the market, using data to price it correctly, and doing excellent marketing. We fully recommend hiring them!

Michael Robertson

Dan and his team helped us sell a Condo in Kailua-Kona and purchase a townhouse as well. The experience was nothing short of exceptional. He provided excellent guidance throughout the process, helped us navigate the hiccups smoothly and counseled us on a situation that prevented us from making a costly mistake. The team that he brought together for repairs, staging, closing, etc. was top notch. We would definitely partner with him again and can not recommend him strong enough.

Rod Watai

Working with Dan Polimino and The Hawaii Team was an absolute pleasure from start to finish. Dan is professional, knowledgeable, and genuinely committed to delivering outstanding results. His communication was seamless, and his local expertise made all the difference. Highly recommend! ⭐⭐⭐⭐⭐

Sharon Sakai

Love this team of professionals who are committed to excellence!

It was a great experience working with Dan and The Hawaii Team on our purchase. Dan is very knowledgeable about everything Big Island During our search, he organized visits to homes that not only met our criteria but also showed us homes that helped build our vision of what is possible as well. He had kept all the details for these homes ready which coupled with the visits, helped narrow down the list to the home on which we made an offer (and won among the multiple offers received!) He also has access to all types of contractors for everything that possibly would be required - from inspectors, gardner, repairs, pool & roof specialist etc. that enabled us to have a comprehensive information that was desired by us in making the purchase decision as well as during the contract execution He also guided us on the local rules and regulations esp. as they pertain to the short term vacation rentals which was of immense value. All questions and issues that cropped up along the way were handled expediently and comprehensively. And then upon close, seamless transition to property management was also orchestrated by him and his team. Thank you Dan and team for everything and we look forward to a long association and working together again in the future.

Gary Bailey

Dan and his entire team were an extreme pleaseure to work with. When we had our first meeting with Dan, We knew within the first 10 minutes he was our person to represent one of our biggest transations of our lives and he delivered in every way imaginable. The photos , write up and brochure was meticulously done. His wide reach of clientele and local knowlege of the Hawaii market was instumental in the sale of our home. Dan and his team took on many tasks that were beyond the scope of work we hired him to do and they were happy to do it. I would consider Dan a friend now from our time working together and would recommend him and his team to anyone.

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