272 LAMA ST, HILO, HI 96720

Updated dual homes on nearly 3 acres near Hilo town with 3 addresses

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

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 approximately 2.72 acres of usable land. County records reflect two residential buildings totaling 9 bedrooms and 5 baths, with approximately 5,208 sq. ft. of living area. The larger residence includes 5 bedrooms and 3 baths, while the secondary residence includes 4 bedrooms and 2 baths, offering exceptional flexibility for multi-generational living, guest accommodations, home-based business use, gardening, farming, and recreation. Thoughtful improvements have been completed throughout the property following a recent pre-listing inspection. The main residence features interior & exterior repainting, roof & eave repainting, refreshed accent walls, updated fixtures, GFCI electrical upgrades in multiple areas, screened openings, walkway improvements, and a new exterior railing installed in August 2026. The secondary dwelling has also benefited from substantial improvements, including new vinyl flooring, interior & exterior paint, roof & eave repainting, updated fixtures, a new entry railing, patio improvements, new screens, plumbing and electrical repairs, and GFCI upgrades in the kitchen & bath areas. In August 2026, approximately 180 feet of water line was replaced from the T near the greenhouse/loading dock to the area by the rear dwelling. With two homes, three assigned street addresses, generous open space, and a convenient Panaewa location just minutes from Hilo town, shopping, schools, and parks, this property presents a unique opportunity with exceptional space and versatility.

Property Details

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

Total Bedrooms: 9
Total Bathrooms: 5
Full Baths: 5
Living Area: 5,208 Square Feet

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

Virtual Tour

Features and Amenities

Interior Features:
Exterior Features:
View: Mountain(s), Sunrise, Sunset
Pool:
Pool Features:

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

Garage Spaces: 2
Carport Spaces: 2
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 October 4, 2026, 3:24 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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