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272 LAMA ST, HILO, HI 96720

Updated dual homes on nearly 3 acres near Hilo town

Listing Provided by: Hara Chun Realty, LLC
MLS #: 725751
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Description

Welcome to 272 Lama Street, together with the additional dwelling known as 460 Awa Street—a rare corner property near Nani Mau Gardens offering nearly 3 acres of usable land with room for expansion, gardening, farming, recreation, or multi-generational living. This unique property features two existing homes with three assigned street addresses, providing flexibility for extended family living, rental income potential, guest accommodations, or home-based business use. Thoughtful improvements have been completed throughout the property following a recent pre-listing inspection, enhancing both dwellings and creating a refreshed, move-in-ready opportunity. The main residence features interior & exterior repainting, roof repainting, repaired termite damage, refreshed accent walls, updated fixtures, new GFCI outlets in kitchen & bath areas, screened openings, and numerous additional repairs that contribute to the home's clean and well-maintained appearance. The secondary dwelling has also benefited from substantial upgrades, including new vinyl flooring, interior & exterior paint, updated fixtures, a new water heater, new entry railing, patio improvements, wall repairs, and upgraded GFCI electrical safety features in the kitchen & bath areas. Conveniently located in the desirable Panaewa area, just minutes from Hilo town, shopping, schools, and parks, this property offers the privacy, flexibility, and open space that are increasingly difficult to find so close to town.

Property Details

Price: $1,349,000
Sold Price:
Address: 272 LAMA ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential
Type:

Total Bedrooms: 6
Total Bathrooms: 4
Full Baths: 4
Living Area: 4,543 Square Feet

Listed by: Hara Chun Realty, LLC
Year Built: 1963
Levels:

Features and Amenities

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

Appliances:
Fireplace Features:
Flooring: Carpet, Hardwood
Security:
Laundry:
Garage Spaces:
Carport Spaces: 760
Parking Features: Attached
Additional Structures:
Home Warranty:

Community Information

Project Name:
Subdivision Name: PANAEWA HOUSELOTS
Association Fee: $0 Monthly
Stories:
Year Established:
Lava Zone: 3
Flood Zone: X

Land Information

Lot Size: 118,483 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple
Lot Features:
Frontage Type:
Roads: County, Paved
Roads Frontage Type:
Zoning: A-3A
Horse Amenities:

Additional Details

Assessed Tax Value: $893,200
Annual Tax: $3,976
Tax Year: 2025
Tax Lot: 56
Tax Block:

Utilities: Electricity Available
Cooling:
Heating:
Sewer: Cesspool
Water:
Solid Waste Disposal: None

First Listed June 1, 2026, 8:05 pm
Last Updated June 1, 2026, 8:05 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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