Ponahawai Homes with Fee Simple Land tenure

Ponahawai Homes with Fee Simple Land tenure

Welcome to Ponahawai, a hidden gem nestled in the heart of Hilo, Hawaii. This charming neighborhood offers a unique blend of lush landscapes and a vibrant community atmosphere, making it an ideal place to call home. Known for its stunning views of the majestic Mauna Kea and proximity to the beautiful coastline, Ponahawai is where tropical paradise meets suburban comfort.

The homes in Ponahawai are characterized by their Fee Simple land tenure, providing homeowners with full ownership and control over their properties. This means you can invest in your dream home without the complexities of leasehold arrangements. Each residence is thoughtfully designed, often featuring spacious yards, open floor plans, and the kind of indoor-outdoor living that Hawaii is famous for. Whether you’re looking for a cozy bungalow or a modern family home, Ponahawai has something to suit every taste and lifestyle.

Living in Ponahawai means embracing the laid-back island lifestyle while enjoying easy access to Hilo’s vibrant culture. The neighborhood is just a stone's throw away from local shops, farmer's markets, and delicious eateries that showcase the rich culinary heritage of the Big Island. Nature enthusiasts will appreciate the proximity to stunning parks and hiking trails, offering endless opportunities for outdoor adventures.

In Ponahawai, you’ll find not just a home, but a community where aloha spirit thrives. With its beautiful surroundings, friendly neighbors, and the advantage of Fee Simple land tenure, Ponahawai is truly a place where you can create lasting memories and enjoy the best of Hawaiian living. Come and discover your paradise in Ponahawai!

Newest Ponahawai Homes with Fee Simple Land tenure

$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.