Waiakea Homesteads 3rd Series Real Estate

Welcome to Waiakea Homesteads 3rd Series, a charming neighborhood nestled in the heart of Hilo, Hawaii. This serene community offers a unique blend of natural beauty, cultural richness, and a strong sense of community, making it an ideal place for families, retirees, and anyone looking to embrace the laid-back Hawaiian lifestyle.

Waiakea Homesteads is characterized by its lush landscapes and picturesque views of the surrounding mountains and ocean. Residents enjoy the tranquility of living in a semi-rural setting while still being just minutes away from the vibrant amenities of downtown Hilo. The area is known for its friendly atmosphere, where neighbors become friends, and community events foster a strong sense of belonging.

One of the standout features of Waiakea Homesteads is its proximity to some of Hawaii’s most stunning natural attractions. The nearby Wailuku River State Park offers breathtaking waterfalls and hiking trails, perfect for outdoor enthusiasts. Additionally, the stunning beaches of Hilo, with their black sand and crystal-clear waters, provide endless opportunities for relaxation and recreation.

Families will appreciate the access to quality schools and educational resources within the Hilo district. The neighborhood is also conveniently located near shopping centers, local markets, and dining options, ensuring that residents have everything they need within reach.

Whether you’re looking to build your dream home or simply enjoy the beauty of island living, Waiakea Homesteads 3rd Series offers a unique opportunity to experience the best of Hilo. Come and discover the charm and warmth of this inviting community – your tropical paradise awaits!

Newest Listings in Waiakea Homesteads 3rd Series

$579,000

3 Beds ⋅ 2 Baths ⋅ 731667 MLS ⋅ ['Fee Simple'] Tenure

Move-in ready and conveniently located, this 3-bedroom, 2-bath home offers comfort, location, and investment potential. Inside you'll find two spacious living areas, attractive laminate plank flooring, , roomy bedrooms with good closet space, indoor laundry, and a bright, welcoming kitchen and floor plan. The spacious enclosed patio provides the perfect extension of the living space for entertaining or relaxing year-round. Additional features include a covered two-car carport and a detached storage room with potential for a workshop, hobby room, home office, or extra storage. Situated on a generous 15,150 sq. ft. lot in a convenient Hilo location, this property is just minutes from the University of Hawaiʻi at Hilo, shopping, schools, restaurants, medical facilities, and downtown Hilo. The home is down off Iwalani street with added privacy and mature landscape. Whether you're searching for your next home or a great investment property, this versatile Hilo residence is one you won't want to miss!

77 Iwalani St, HILO

Listing courtesy of Kou Hale Realty LLC.

$239,000

731026 MLS ⋅ ['Fee Simple'] Tenure

FIRST-TIME ON THE MARKET WITHIN THE LAST 50 YEARS! 1.26 ACRE VACANT LOT AT THE TOP OF AINALAKO ROAD! WAIAKEA HOMESTEADS! Rarely available vacant lot at the top of Ainalako Road in the Waiakea Homesteads 3rd Series Subdivision. Enjoy the many conveniences of Hilo town, including, but not limited to: Prince Kuhio Plaza, UH-Hilo, schools, grocery stores, restaurants, banks, gas stations, hardware stores, police station, fire station, hospitals, doctor offices, post office, as well as many other services.

Ainalako Rd Unit LOT 10, PARCEL A-6, HILO

Listing courtesy of Ah Chong Realty, LLC.

$1,200,000

717284 MLS ⋅ ['Fee Simple'] Tenure

Exceptional investment opportunity! Totaling nearly 43 acres, these three contiguous parcels are zoned A-3A and situated in the desirable Waiakea district of Hilo. Property Features: Parcel 1: Over 27 acres Parcel 2: Over 15 acres Parcel 3: Nearly 24,000 sqft Zoned A-3A, allowing flexibility for future use Paved roads Multiple access points Location Highlights: -Situated in the highly sought-after Waiakea Homesteads -Quick access to shopping, schools, and amenities in Hilo -Peaceful and private setting while conveniently close to urban essentials Buyers and their agents to perform their own due diligence as to the availability of utilities, road access, and potential land uses. The smallest parcel may be considered a roadway lot.

Ainalako Rd, HILO

Listing courtesy of COMPASS.

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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.