Ponahawai Homes with City View

Ponahawai Homes with City View

Welcome to Ponahawai, a hidden gem nestled in the heart of Hawaii County, Hawaii. This charming neighborhood is renowned for its breathtaking city views, offering a unique blend of natural beauty and urban convenience. Imagine waking up each morning to the vibrant hues of a Hawaiian sunrise painting the sky, and at dusk, watching the city lights twinkle like stars against the backdrop of the majestic mountains.

Ponahawai is a haven for those who appreciate the serenity of island living while still enjoying easy access to modern amenities. The community is characterized by its friendly atmosphere, where neighbors greet each other with warm smiles and a sense of camaraderie fills the air. With lush landscapes and well-maintained parks, outdoor enthusiasts can indulge in hiking, biking, and leisurely strolls, all while soaking in the stunning vistas that this neighborhood has to offer.

The homes in Ponahawai are as diverse as its residents, with many properties boasting panoramic city views that create a picturesque setting for your daily life. Whether you’re looking for a cozy single-family home or a spacious property with room to grow, you’ll find a range of options that cater to various lifestyles. Each residence is designed to embrace the island’s natural beauty, often featuring large windows that invite the outdoors in.

Living in Ponahawai means more than just having a beautiful home; it’s about embracing a lifestyle that celebrates the essence of Hawaii. Explore the vibrant local culture, indulge in delicious cuisine, and enjoy the close-knit community that makes Ponahawai a truly special place to call home.

Newest Ponahawai Homes with City View

$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.

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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.