Panaewa Houselots Homes with Fee Simple Land tenure

Panaewa Houselots Homes with Fee Simple Land tenure

Welcome to Panaewa Houselots, a hidden gem nestled in the heart of Hilo, Hawaii. This charming neighborhood is known for its lush landscapes, friendly community vibe, and proximity to some of the most breathtaking natural wonders the Big Island has to offer. With its vibrant greenery and stunning views of Mauna Kea, Panaewa Houselots provides a serene backdrop for those seeking a peaceful yet engaging lifestyle.

One of the standout features of this area is the availability of homes with fee simple land tenure. This means that homeowners enjoy complete ownership of their property, providing a sense of security and stability that is highly sought after in today’s real estate market. Whether you’re a first-time buyer or looking to invest, the fee simple arrangements in Panaewa Houselots offer the perfect opportunity for long-term growth and personal enjoyment.

The community is characterized by its friendly, welcoming atmosphere, making it an ideal place for families and individuals alike. Residents often enjoy leisurely strolls through the neighborhood, where you can find parks and recreational areas perfect for outdoor activities. The area also boasts convenient access to local amenities, including shops, restaurants, and schools, ensuring that everything you need is just a stone’s throw away.

Living in Panaewa Houselots means embracing the beauty of island life while enjoying the comforts of a close-knit community. With its unique combination of natural beauty and modern conveniences, this neighborhood is truly a place to call home. Explore the possibilities and discover your dream home in Panaewa Houselots today!

Newest Panaewa Houselots Homes with Fee Simple Land tenure

$1,349,000
6 Beds 4 Baths 725751 MLS ['Fee Simple'] Tenure
Welcome to 272 Lama Street, together with the additional dwelling known as 460 Awa Street—a rare corner property near Nani Mau Gardens offering nearly 3 acres of usable land with room for expansion, gardening, farming, recreation, or multi-generational living. This unique property features two existing homes with three assigned street addresses, providing flexibility for extended family living, rental income potential, guest accommodations, or home-based business use. Thoughtful improvements have been completed throughout the property following a recent pre-listing inspection, enhancing both dwellings and creating a refreshed, move-in-ready opportunity. The main residence features interior & exterior repainting, roof repainting, repaired termite damage, refreshed accent walls, updated fixtures, new GFCI outlets in kitchen & bath areas, screened openings, and numerous additional repairs that contribute to the home's clean and well-maintained appearance. The secondary dwelling has also benefited from substantial upgrades, including new vinyl flooring, interior & exterior paint, updated fixtures, a new water heater, new entry railing, patio improvements, wall repairs, and upgraded GFCI electrical safety features in the kitchen & bath areas. Conveniently located in the desirable Panaewa area, just minutes from Hilo town, shopping, schools, and parks, this property offers the privacy, flexibility, and open space that are increasingly difficult to find so close to town.

272 Lama St, HILO

Listing courtesy of Hara Chun Realty, LLC.

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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.