$8,900,000
Active


  • MLS# 602308
  • Condo, Commercial, Multi-Family
  • 1 Full Bath
  • 69,788 SQFT
  • South Hilo


Waiakea Villas is a low-rise condominium in a lush tropical setting located right in the heart of Hilo. This offering consists of 162 individual condominium units within the Waiakea Villas complex (which has 258 total units). There is a mix of studio, one-bedroom and commercial units. This complex has both "hotel/resort" zoning, allowing for short-term rentals, as well as "commercial" zoning for some of the units in buildings 9 and 10.

Each of the buildings has its own coin operated laundry facilities. On-site Owner's Association manages the facility and grounds.

There is an established track record of high rental demand and occupancy. Many of the units located on the top floors have high vaulted ceilings.

Koi fish filled lagoons with waterfalls and cascades surround the complex. Waiakea Villas offers a lovely on-site swimming pool, coin-operated shared laundry in each building, beautiful water views, plus a central Hilo location. Next to the attractive & picturesque Wailoa Park, a multi-acre greenbelt with large ponds, picnic pavilions and extensive jogging paths. Ample entertainment, shopping, dining and banking are just a short walk away. Walking distance to the ocean, Hilo’s famous Bayfront and Farmer’s Market Downtown. The airport, university, and even the beach parks are also within close proximity and are easily bike-able.
Days On Market
459
Assessed Value
$2,677,100
Annual Property Tax
$119,260
Tenure
Fee Simple
Tax Key (TMK)
Condo Maintenance
$51,055 Monthly
Acres
7.68
Pool
Yes

Interior

Appliances
Other (remarks)
Washer/Dryer
Coin
Other (remarks)

Exterior

Zoning
V-.75
Flood Zone
AE
X
Garage Spaces
None
Parking
Unassigned
Design
Double Wall
Design
Double Wall
Topography
Fairly Level
Frontage
Road/Street
Stream/Canal

Building Features

Year Built
1973
Kitchen
None
Countertops
None
Fireplace Location
None
Roof Design
Corrugated Iron
Exterior Finish
Wood
Driveway
Asphalt
Other Features
None
Basement
None
Water Heater
None

Utilities

Power
Overhead
Water
Municipal
Wastewater
Sewer-Connected
TV
Cable
Internet
Cable
Solid Waste Disposal
Included with Maintenance Fees

Select a Point of Interest and Radius from the form above.

South Hilo

Hilo town, the hub of the South and North Hilo districts, was once a thriving port for the sugar cane industry. Today it is the Hawaii County Seat and home of the island's major state and federal offices, a modern international airport, Hilo Medical Center, the University of Hawaii-Hilo, and state-of-the-art Imiloa Astronomy Center.

Although Hilo is not an incorporated city, it is the second-largest population center in the state with over 40,000 residents according to the 2000 census. Hilo also has an array of commerce and entertainment offerings--boutiques and galleries, big box stores, restaurants, museums, and several hotels.

The historic Bayfront area, though impacted by major tsunamis in 1946 and 1960, is still a center of economic and cultural activity, including a weekly farmers market, Palace Theatre events and the annual Black & White Night, Merrie Monarch, and Ho'olaule'a festivals.

Embracing the town's reputation as "the rainiest city in America", Hilo residents have a certain pride about East Hawaii's weather and enjoy a different flavor of Hawaii life than their neighbors on the dry west side. The Big Island’s famed greenery, tropical fruits and flowers, trees, ferns, forests, and farms all require reliable rainfall to thrive. Water is so important to life in Hawaii that waiwai (the word for "water", doubled) translates as "assets, valuable, wealth, rich, worth and benefit."

As is true for much of the Big Island, Hilo real estate is a mixed market, with upscale custom homes and fixer-upper "opportunity" properties, condos, vacation residences, private estates and oceanfront property. A knowledgeable Clark Realty agent can guide you to the best Hilo property for your needs.


Please Note: This calculator is designed for research and comparison purposes only. For pre-qualification and a rate quote from a qualified local lender, please contact us and we will connect you with a lender.

Interest rate, taxes, insurance, PMI payments, etc., displayed above are estimates only and are subject to change based on market conditions and individual financial circumstances. Clark Realty Corporation is not a lender and does not guarantee that the rate and terms displayed above can be obtained.


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Listed By Hilo Brokers Ltd

© MLS Hawaii, Inc., All rights reserved. Listing information above provided by Hawaii Information Service, a Multiple Listing Service. This information is deemed reliable but is not guaranteed.


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