Waiakea House Lots 1st Series Real Estate

Welcome to the enchanting Waiakea House Lots 1st Series, nestled in the heart of Hilo, Hawaii. This charming neighborhood is a hidden gem that beautifully marries the lush, tropical landscape of the Big Island with the comforts of modern living. Waiakea is renowned for its serene atmosphere, making it an ideal retreat for families, retirees, and anyone seeking a peaceful lifestyle surrounded by nature.

One of the standout features of Waiakea is its proximity to Hilo’s vibrant community. Just a short drive away, residents can enjoy a plethora of local amenities, including delightful shops, farmers' markets, and exquisite dining options that celebrate the island’s rich culinary heritage. The Hilo Bayfront is a must-visit, offering stunning ocean views and a perfect spot for leisurely strolls or picnics with family and friends.

Nature enthusiasts will adore the nearby attractions, such as the breathtaking waterfalls at Akaka Falls State Park and the lush trails of the Hawaii Tropical Botanical Garden. The neighborhood itself is surrounded by verdant greenery, providing a tranquil backdrop for outdoor activities like hiking, biking, and exploring the unique flora and fauna of the area.

Waiakea House Lots 1st Series is more than just a place to live; it’s a community that fosters connection and a love for the incredible environment. With its inviting atmosphere, stunning natural beauty, and convenient access to Hilo’s amenities, this neighborhood truly embodies the spirit of Hawaiian living. Come and experience the magic of Waiakea for yourself—your dream home awaits!

Newest Listings in Waiakea House Lots 1st Series

$800,000

4 Beds ⋅ 2 Baths ⋅ 730888 MLS ⋅ ['Fee Simple'] Tenure

Property is located in the path of growth from residential to transitional office , retail warehouse use. While still zoned residential the surrounding properties have transitioned to office -warehouse use over the recent years. The fronting street of Lanikaula has infrastructure (sewer and water) that supports this transitional use.

469 Lanikaula St Unit 1, HILO

Listing courtesy of Yamanaka Enterprises Inc.

$549,000

3 Beds ⋅ 2 Baths ⋅ 730588 MLS ⋅ ['Fee Simple'] Tenure

Welcome to Laukapu Street — ideally located in the heart of Hilo near shopping, dining, local businesses, Wailoa River State Recreation Area, the college and university, and just minutes from the airport. This spacious, beautifully landscaped property features a detached carport and endless potential. With a little love and vision, this home can truly shine and become a beautiful island retreat in a convenient Hilo location. Upstairs is filled with natural light and charming original windows that capture the character of old Hilo. The wood floors offer an opportunity to be restored to their original beauty, while the built-in shelving adds warmth and timeless island charm. Downstairs features a laundry area and expansive additional space with many possibilities for storage, hobbies, recreation, or extended living options. If you enjoy outdoor living and room to spread out, you’ll appreciate the large lot and lush surroundings this property has to offer.

524 Laukapu St, HILO

Listing courtesy of Kou Hale Realty LLC.

$500,000

727804 MLS ⋅ ['Fee Simple'] Tenure

Location, location, location. 463 Mililani Street, CG-7.5 zoning, corner of Piilani and Mililani Streets. Close to Afook Chinen Civic Center and Edith Kanakaole Stadium, stage to the Merrie Monarch Festival. Property sits at road entrance to Wailoa State Park. 300 yards to entry to Wailoa State Park, 500 yards to the Civic Center, and 200 yards to Manono eateries.

463 Mililani St, HILO

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

$675,000

5 Beds ⋅ 3 Baths ⋅ 728219 MLS ⋅ ['Fee Simple'] Tenure

Unique investment opportunity in the heart of Hilo featuring two separate homes on one lot, offering flexibility for multi-generational living or rental income. Surrounded by a mix of residential and commercial properties, there may be potential to pursue commercial zoning (buyers to verify with the County) The first home, a charming multi-level residence (white home), was originally built in 1932 and refreshed in 2020, featuring two bedrooms and two bathrooms (one ¾ bath and one ¼ bath). The second dwelling, a yellow multi-level home built in 1985, offers two bedrooms and one full bathroom on the upper level, with an additional bedroom and ¾ bathroom on the lower level. This versatile property presents multiple possibilities for investors or owner-occupants alike — generate rental income from both homes, live in one while renting the other, or accommodate multi-generational living. Conveniently located just minutes from shopping, dining, and outdoor recreation, including the nearby Hilo Shopping Center and Wailoa State Park. **Information herein is based on county records and may not reflect actual property details. Buyers and buyer’s agents are advised to independently verify all material facts deemed important to their purchase.**

619 Mililani St, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$790,000

4 Beds ⋅ 4 Baths ⋅ 727032 MLS ⋅ ['Fee Simple'] Tenure

Opportunity awaits! Two homes on larger lot in Waiakea Houselots. Both homes need some TLC, but are very livable. Live in one, rent the other or rent both. Opportunities like this rarely come up in this area. FRONT HOUSE: Fumigated 1/24/2026 Charming "old-style" touches with many built-ins: kitchen breakfast nook, original kitchen sink, dining room "hutch" (with storage drawers and shelves), lanai with generous counter/cabinets for your get-togethers. There is a generous sized storage/workshop room in the carport as well as a half bath. A separate shower is located in the utility room which is off of the carport and enclosed as part of the entry into the home, making doing laundry private and secure. BACK HOUSE: Fumigated 2/8/2024 Your basic, simple home needing some upgrades, but a little TLC will bring it to life. No appliances included with this home.

568 Kalanikoa St Unit 2, HILO

Listing courtesy of Savio Realty Ltd. - Hilo Office.

$1,215,000

4 Baths ⋅ 719531 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Prime commercial property for sale (leasehold) on busy Kanoelehua Ave., just minutes to Hilo International Airport. The center is known as Lehua Center and includes four retail spaces totaling 5,992 sq. ft. of leasable area. Each space has it's own private restroom and is individually metered for electricity. There are 25 parking stalls. The land area is 21,050 sq. ft. and is zoned MCX-20. The original 60 year ground lease has approximately 44 years remaining with known ground rents until 8/31/29. The fee is not available, but there is a first right of refusal. The entire property is leased to a single tenant until September 30, 2027. That tenant in turn subleases the individual spaces. Lessor is responsible for building exterior repairs and common area maintenance. Lessee is responsible maintaining the interior spaces. Priced below 2023 appraisal. Please DO NOT disturb tenants. Offer subject to inspection.

750 Kanoelehua Ave Unit 4, HILO

Listing courtesy of Lau & Associates LLC.

Start Your Search

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.