491 IWALANI ST, HILO, HI 96720

Hilo Muni Golf Course Home

Listing Provided by: Iokua Real Estate
MLS #: 733447

Description

Embrace true old-Hawaii charm with this captivating 1950s Kamaʻāina plantation home in Hilo, Hawaii. Situated on approximately half an acre, this property offers an ultra-rare lifestyle feature: it borders the Hilo Municipal Golf Course, allowing you to walk directly onto the green right from your own backyard. Rich with Hawai'i plantation character and soul, this classic residence is packed with untapped potential and is ready for the right buyer to restore it to its absolute finest glory. The upper level of the home features 3 bedrooms and 1 full bathroom, retaining the iconic redwood bones of a traditional plantation build. Hidden beneath years of history are original hardwood floors just waiting to be sanded and refinished into a stunning focal point. Downstairs, the highly functional lower level expands your options exponentially. Complete with a flexible living space, a convenient kitchenette, and a half bath, this lower layout is ideal for hosting extended family, creating a dedicated remote work suite. Or perhaps an interior Gym or excess storage area? While the home does need some cosmetic renovations and restoration to truly shine, it represents a blank canvas in an unbeatable location. Imagine sipping morning coffee in your Kitchen while looking out over manicured fairway greens, or spending your afternoons practicing your swing just steps from your back door. Property opportunities like this along the Hilo Municipal Golf Course are not common- here is your chance to secure your dream home! Just a few minutes away from Hilo Plaza, Target/Walmart and Puainako Shopping Center. Also- take the upper road to reach Hilo Benioff Medical Center or Kaiser in 10-15 minutes! Bring your contractor, your vision, and your love for vintage Hawaiian Homes to check out this Hilo gem today. ***Requires an appointment to enter property, please do not visit without an agent***

Property Details

Price: $650,000
Sold Price:
Address: 491 IWALANI ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential
Type:

Total Bedrooms: 3
Total Bathrooms: 2
Full Baths: 2
Living Area: 1,038 Square Feet

Listed by: Iokua Real Estate
Year Built: 1955
Levels:

Features and Amenities

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

Appliances:
Fireplace Features:
Flooring: Carpet
Security:
Laundry:

Garage Spaces:
Carport Spaces:
Parking Features: Attached, Covered
Additional Structures:
Home Warranty:

Community Information

Project Name:
Subdivision Name: WAIAKEA HOMESTEADS 1ST SERIES
Association Fee: $0 Monthly

Stories:
Year Established:

Lava Zone: 3
Flood Zone: X

Land Information

Lot Size: 19,980 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple

Lot Features:
Frontage Type:
Roads: County
Roads Frontage Type:

Zoning: RS-15
Horse Amenities:

Additional Details

Assessed Tax Value: $195,500
Annual Tax: $267
Tax Year: 2026
Tax Lot:
Tax Block:

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

First Listed October 9, 2026, 11:14 am
Last Updated October 9, 2026, 6:58 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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