Ponahawai Real Estate

Ponahawai Real Estate

Welcome to Ponahawai, a charming neighborhood nestled in the vibrant city of Hilo, Hawaii. This captivating area is known for its lush landscapes, rich cultural heritage, and a warm sense of community that makes it a truly special place to call home.

Ponahawai boasts a unique blend of natural beauty and urban convenience. Just a stone's throw away from the stunning coastline, residents can enjoy breathtaking views of the Pacific Ocean and the majestic Mauna Kea. The neighborhood is adorned with verdant parks and botanical gardens, making it a haven for nature lovers and outdoor enthusiasts. Whether you’re hiking along scenic trails or enjoying a leisurely stroll through the local parks, the beauty of Ponahawai is sure to inspire.

Culturally rich, Ponahawai is steeped in history and tradition. The area is home to a diverse community that celebrates the spirit of aloha. Local markets, art galleries, and cultural festivals provide residents with a vibrant social scene and an opportunity to connect with their neighbors. The nearby Hilo Farmers Market is a must-visit, showcasing fresh produce, handmade crafts, and local delicacies that reflect the island’s culinary heritage.

Families will appreciate the excellent schools and recreational facilities available in and around Ponahawai. The neighborhood is also conveniently located near shopping centers, dining options, and essential services, ensuring that everything you need is just a short drive away.

In Ponahawai, you’ll find not just a place to live, but a community to thrive in. Experience the warmth and beauty of this enchanting neighborhood—your Hawaiian paradise awaits!

Newest Listings in Ponahawai

$5,688,000
24 Beds ⋅ 24 Baths ⋅ 732045 MLS ⋅ ['Fee Simple'] Tenure ⋅ City View BLDG.
This exceptional property offers 24 fully renovated apartment units — twenty-one 2-bedroom and three 3-bedroom units — in the heart of Hilo. The building underwent a comprehensive $952,000 gut renovation in 2025, inside every unit, including new luxury vinyl plank flooring, new high-end cabinets, granite countertops, sinks and faucets, all new stainless steel refrigerators, stoves and range hoods, updated bathrooms with new vanities and lighting, new ceiling fans in all bedrooms and living rooms, and fresh interior paint throughout. The property is 100% leased with professional management in place and includes 28 on-site parking stalls. Located in downtown Hilo — the county seat and regional hub for UH Hilo, healthcare, and government employment — supporting deep, stable rental demand. A recent condo conversion at a comparable Hilo building validates an embedded condo-conversion exit as additional upside. This is a trophy, renovated asset in a submarket where fully stabilized investment properties are rarely available for sale and is truly "turnkey" for a buyer. 5.5% cap rate on stabilized income!

230 Kapiolani St, HILO

Listing courtesy of Coldwell Banker Realty.

$5,688,000
202613702 MLS ⋅ FS - Fee Simple Tenure
This exceptional property offers 24 fully renovated apartment units — twenty-one 2-bedroom and three 3-bedroom units — in the heart of Hilo. The building underwent a comprehensive $952,000 gut renovation in 2025, inside every unit, including new luxury vinyl plank flooring, new high-end cabinets, granite countertops, sinks and faucets, all new stainless steel refrigerators, stoves and range hoods, updated bathrooms with new vanities and lighting, new ceiling fans in all bedrooms and living rooms, and fresh interior paint throughout. The property is 100% leased with professional management in place and includes 28 on-site parking stalls. Located in downtown Hilo — the county seat and regional hub for UH Hilo, healthcare, and government employment — supporting deep, stable rental demand. A recent condo conversion at a comparable Hilo building validates an embedded condo-conversion exit as additional upside. This is a trophy, renovated asset in a submarket where fully stabilized investment properties are rarely available for sale and is truly "turnkey" for a buyer. 5.5% cap rate on stabilized income!

230 Kapiolani Street, Hilo

Listing courtesy of Standard Management LLC.

$300,000
726255 MLS ⋅ ['Fee Simple'] Tenure
Flag lot off Kaumana Drive on a slight rise with distant ocean horizon view. Shared asphalt driveway that begins at 558 Kaumana and currently ends at 558-A Kaumana. You cannot see the lot from the road. House plans are available for review: 3 bed/2.5 bath with 1,936 sf living area, 366 sf covered lanai, and 1,056 sf carport/storage.

560 Kaumana Dr, HILO

Listing courtesy of Aloha Sotheby's Intl Realty - Hawai'i.

$260,000
2 Beds ⋅ 1 Baths ⋅ 726429 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kapiolani Villa BLDG.
3rd floor unit now available. This is the top floor of the complex. Providing 2-bedroom 1 bath unit located in the Kapiolani Villas condominium. Enjoy the convenience of living just a few minutes walk to Downtown Hilo and less than a 10 minute drive to UH- Hilo campus, Hilo Hospital, Prince Kuhio Plaza and pretty much anywhere else in Hilo Town.

272 Kapiolani Villa Unit 304, 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.