Kaumana Terrace Homes with Fee Simple Land tenure

Welcome to Kaumana Terrace, a charming neighborhood nestled in the heart of Hilo, Hawaii. Known for its lush landscapes and serene atmosphere, Kaumana Terrace is a hidden gem that offers a unique blend of natural beauty and community spirit. This idyllic neighborhood is situated on the slopes of Mauna Kea, providing residents with stunning views and a refreshing climate that is perfect for outdoor enthusiasts.

In Kaumana Terrace, you’ll find a variety of homes that embody the essence of island living. The homes here come with Fee Simple land tenure, granting homeowners full ownership of both the property and the land it sits on. This is an attractive feature for many buyers, as it provides a sense of stability and investment security. The properties range from cozy single-family homes to spacious residences, catering to diverse lifestyles and preferences.

The community is characterized by its friendly atmosphere, where neighbors often come together for local events and gatherings. With easy access to Hilo’s vibrant downtown area, residents can enjoy a plethora of dining, shopping, and entertainment options. Additionally, Kaumana Terrace is conveniently located near some of the island’s most breathtaking natural attractions, including waterfalls, hiking trails, and parks.

Whether you’re looking for a peaceful retreat or a vibrant community to call home, Kaumana Terrace offers the perfect blend of tranquility and convenience. Come experience the beauty of living in Hilo, where every day feels like a vacation in paradise!

Newest Kaumana Terrace Homes with Fee Simple Land tenure

$529,000

3 Beds ⋅ 2 Baths ⋅ 729612 MLS ⋅ ['Fee Simple'] Tenure

KAUMANA TERRACE, WELL-MAINTAINED 3BD/1.75BA HOME IN E.B. DESILVA ELEMENTARY SCHOOL DISTRICT! BE SURE TO VIEW THE VIRTUAL TOUR VIDEO! Original family owner, first time on the market. 3 bedroom, 1 full bath in main living area, with Oak wood floors. Kitchen features built-in wood cabinets, pantry, vinyl flooring, and a large stainless-steel sink. Appliances include refrigerator and range/oven. Dining area has a built-in "buffet-style" counter/cabinet. Living room can be separated by a sliding Shoji door. Outside you will find a laundry area, which includes a toilet and an over-sized walk-in shower, which used to have a Japanese-style Furo soaking tub. 2-car carport also has ample storge space, and the asphalt driveway can accommodate 4 to 6 additional cars. Home is clean and move-in ready! Beautifully landscaped and well-maintained yard! Enjoy the many conveniences of Hilo town, including, but not limited to: Prince Kuhio Plaza, UH-Hilo, schools, grocery stores, restaurants, banks, gas stations, hardware stores, police station, fire station, hospitals, doctor offices, post office, as well as many other services. The information herein is believed to be correct but may contain inaccuracies and is provided without warranty or guarantee of any kind. Agent and Buyers must independently verify any information they deem material or important to their purchase of this property.

87 Terrace Dr, HILO

Listing courtesy of Ah Chong Realty, LLC.

$885,000

4 Beds ⋅ 4 Baths ⋅ 727793 MLS ⋅ ['Fee Simple'] Tenure

STUNNING MULTI-GENERATIONAL LIVING IN THE HEART OF HILO. Discover the perfect blend of classic Hilo charm and modern convenience in this spacious 4-bedroom, 3.5-bathroom residence on highly sought-after Terrace Drive. Situated within the desirable E.B. DeSilva Elementary School District, this home offers an unparalleled opportunity for families seeking a serene, established neighborhood. Upon entering, you are greeted by the warmth of rich hardwood floors and the airy grandeur of open beam ceilings. The layout maximizes comfort and natural light with an abundance of windows framing the lush surrounding greenery. To the left, the inviting living room serves as a peaceful retreat, extending to a private covered lanai perfect for morning coffee or quiet reflection. The kitchen underwent a thoughtful 2019 renovation, boasting contemporary cabinets, quartz countertops, and stylish flooring. A cozy kitchen nook provides the perfect space for casual meals. Down the main hallway are two comfortable bedrooms, including a primary suite with a convenient half-bath. An updated full bathroom is also nearby. A step off the kitchen is an additional bedroom/studio featuring its own full bath. This versatile space opens onto an open deck overlooking a stunning canopy of tropical vegetation. The surprises continue on the lower level, which features a fully realized private living space perfect for extended family. This level is also currently used as a short-term vacation rental, providing an excellent opportunity for supplemental income. It includes a spacious bedroom, full bath, kitchenette, dining area, and comfortable living room. A separate covered lanai ensures privacy and independence. Pride of ownership shines with a new roof installed in 2019. This property offers the space, the school district, and the flexibility you have been looking for. Property video: https://realestatevideos.vids.io/videos/5a9bd2ba1e16eec9d0/77-terrace-dr

77 Terrace Dr, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.