289 Wainaku St, Hilo, HI 96720
Local realty services provided by:Better Homes and Gardens Real Estate Hank Correa Realty



289 Wainaku St,Hilo, HI 96720
$550,000
- 0.46 Acres
- Lots / Land
- Active
Listed by:
- Jonathan Correa(808) 557 - 2613Better Homes and Gardens Real Estate Hank Correa RealtyLicense: 80306
MLS#:722190
Source:HI_HIS
Price summary
- Price:$550,000
About this home
Buy and Enjoy a Piece of History - This is Royal Hawaiian Land.<br><br>Discover the rare opportunity to own a spacious 20,000-square-foot lot nestled in the heart of Wainaku, just minutes from Downtown Hilo. Located on 289 Wainaku Street, this expansive property offers direct riverside frontage, creating a serene and scenic setting ideal for residential development.<br><br>Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.<br><br>Zoned RM-10 (Multi-Family Residential), the lot allows for flexible development or business potential – from a custom single-family residence to a multi-unit investment property (subject to county approval). Enjoy the lush surroundings, gentle river sounds, and mature tropical landscape that give this parcel a truly peaceful, retreat-like feel.<br><br>With utilities nearby (500 Amp Underground Electric Installed / 1 Water Meter) and paved road access, this is a unique chance to develop in one of Hilo’s most desirable neighborhoods. (Topographic study and soil studies done) Whether you're a builder, investor, or visionary homeowner, this Wainaku lot offers incredible potential and natural beauty.<br><br>Buyer Option: Seller is willing to convey her nonprofit business which per the owner has an estimated $200,000 plus tax deduction and a reduced property tax of $200 instead of over $5000 and which can be used on other properties with many other benefits, please inquire.
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Home facts
- Listing Id #:722190
- Added:35 day(s) ago
- Updated:August 15, 2025 at 11:33 AM
Structure and exterior
- Lot area:0.46 Acres
Finances and disclosures
- Price:$550,000
- Tax amount:$100 (2024)
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