Ponahawai Homes with Coastline View

Ponahawai Homes with Coastline View

Welcome to Ponahawai, a hidden gem nestled in the picturesque city of Hilo, Hawaii. Known for its lush landscapes and vibrant community, Ponahawai offers a unique blend of natural beauty and serene living. This enchanting neighborhood is characterized by its gentle breezes, stunning coastline views, and a warm, welcoming atmosphere that makes it an ideal place to call home.

Imagine waking up each morning to the soothing sound of waves crashing against the shore, with breathtaking views of the Pacific Ocean right from your window. Homes in Ponahawai boast incredible coastline views, allowing residents to immerse themselves in the beauty of Hawaii's natural surroundings. Whether it's a sunrise or sunset, the vibrant colors of the sky reflect beautifully on the water, creating a picturesque backdrop for your daily life.

The neighborhood is not just about stunning views; it also offers a rich tapestry of local culture and community spirit. From farmers' markets featuring fresh, local produce to charming boutiques and eateries, Ponahawai embraces the essence of island living. Outdoor enthusiasts will appreciate the nearby parks, hiking trails, and beaches that invite exploration and adventure.

Families and individuals alike will find Ponahawai to be a place where neighbors become friends, and community events foster a sense of belonging. With its unique combination of coastal charm, vibrant community life, and the allure of Hilo's natural beauty, Ponahawai is more than just a neighborhood; it's a lifestyle waiting to be embraced. Come discover your dream home with a breathtaking coastline view in this enchanting Hawaiian paradise!

Newest Ponahawai Homes with Coastline 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.

$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.