360-A LAMA ST, HILO, HI 96720
A MUST SEE: TWO Separate Houses on almost 3 acre lot in desirable Hilo!
Listing Provided by: Berkshire Hathaway HomeServices Hawaii Island Properties
MLS #: 726875
MLS #: 726875
Description
Not too far, not too close—JUST RIGHT! Located in the highly desirable Panaewa Houselots, this centrally placed and spacious property presents a rare opportunity for investors or extended-family living. Properties of this type seldom become available in this area. Conveniently situated near Prince Kuhio Plaza and Puainako Town Center, the location offers an ideal balance of privacy and accessibility. Owned by a longtime kamaʻāina family, this is the first time the property has ever been offered for sale—truly a unique opportunity. Situated at 360 Lama Street, the large rectangular lot features two fully permitted, detached homes, each with easy road access and its own carport parking. The rear portion of the land provides generous outdoor space, ideal for gardening, recreation, or future possibilities. Currently operated as long-term rentals and professionally managed by a Hilo property management company, the house lot offers immediate income potential. Property Details: 1. 360-A: 3 Bedrooms | 2 Bath | Extended Living Room | Carport | Approx. 968 sqft. (Tenant occupied, month-to-month; easy to show) 2. 360-B: 3 Bedrooms | 2 Bath| Extended Living Room | Carport | Approx. 924 sqft. (Vacant) Perfect for investors, multi-generational living, or owner-occupants seeking flexibility, this versatile property offers endless potential and is a must-see. Information deemed reliable but not guaranteed. Buyers and buyers’ agents to independently verify all material facts. Bathroom count does not match county records.
Property Details
Price: $995,000
Sold Price:
Address: 360-A LAMA ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential Income
Type:
Sold Price:
Address: 360-A LAMA ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential Income
Type:
Total Bedrooms: 6
Total Bathrooms: 4
Full Baths: 4
Living Area: 1,892 Square Feet
Listed by: Berkshire Hathaway HomeServices Hawaii Island Properties
Year Built: 1963
Levels:
Year Built: 1963
Levels:
Features and Amenities
Interior Features:
Exterior Features:
View:
Pool:
Pool Features:
Appliances:
Fireplace Features:
Flooring: Carpet
Security:
Laundry:
Fireplace Features:
Flooring: Carpet
Security:
Laundry:
Garage Spaces:
Carport Spaces:
Parking Features: Covered
Additional Structures:
Home Warranty:
Carport Spaces:
Parking Features: Covered
Additional Structures:
Home Warranty:
Community Information
Project Name:
Subdivision Name: PANAEWA HOUSELOTS
Association Fee: $0 Monthly
Subdivision Name: PANAEWA HOUSELOTS
Association Fee: $0 Monthly
Stories:
Year Established:
Year Established:
Lava Zone: 3
Flood Zone: X
Flood Zone: X
Land Information
Lot Size: 118,919 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple
Lot Features: Cleared, Wooded
Frontage Type:
Roads: County
Roads Frontage Type: HIS Road/Street
Frontage Type:
Roads: County
Roads Frontage Type: HIS Road/Street
Zoning: A-3A
Horse Amenities:
Horse Amenities:
Additional Details
Assessed Tax Value: $607,000
Annual Tax: $2,815
Tax Year: 2025
Tax Lot: 32
Tax Block:
Utilities: Cable Available, Electricity Available, Phone Available
Cooling:
Heating:
Sewer: Cesspool
Water:
Solid Waste Disposal: None
Cooling:
Heating:
Sewer: Cesspool
Water:
Solid Waste Disposal: None
First Listed January 12, 2026, 8:35 am
Last Updated January 13, 2026, 1:26 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:
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