Skip To Content

56 Pukihae St

Hilo, HI 96720
  • $2,400,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 661688
UPDATED: 75 min ago
$2,400,000
  • 7
    BEDS
  • 0.67
    ACRES
  • 7
    BATHS
  • 1
    1/2 BATHS
  • 3,232
    SQFT
  • $743
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1947
Area:

School Ratings & Info

Description

Owner is retiring and looking to sell this beautiful ocean front property with very successful and profitable bed and breakfast.Property is right across the river from downtown Hilo.Zoned Resort/Hotel so can be developed into so many options. Zoned V.75 which equals 38 unit potential.Currently is an award winning bed and breakfast, one of the best in HawaiiSMA has been approved and plans are with the building department for the projected development.Property originally had 3 homes on the property and the current plans are to keep that same configuration with 10 units.Plans are available for review and include the three homes with 10 units, pool, and pickleball court. While plans are approved, home is being sold as is with many of these projects waiting on building department permits. Main home has been recently renovated with new electric, plumbing, windows, and kitchen.Main home will have new roof by the end of June 2022Main home is within a few feet of the ocean. Makes you feel like you are on a boat since you are so close. Over time there has been and will continue to be erosion of the cliff. The owner states that they typically see only an inch or two of erosion per year and project/estimate that the home will be fine for the next 10-30 years. There is a company on island that can move the main home when you want to, and the price is very reasonable. Estimate is owners best guess and based on what they have seen over the years that they have been here. Current owners happy to work with new owners on running the bed and breakfast for a specified period of time.Property has coconut trees, tons of banana trees, and pineapple. This is the best area to grow in the state as there is about 5 feet of topsoil.

Monthly Payment Calculator



© 2022 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aloha Kona Realty, Inc.. Data last updated: 2022-05-29T07:34:20.417.
www.alohakonarealty.com/homes/128483177
Print Image

56 Pukihae St Hilo, HI 96720

  • Price: $2,400,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 75 min ago
  • MLS #: 661688
7
Beds
7
Baths
1
½ Baths
0.67
Acres
3,232
SQFT
$743
$/SQFT
1947
Built
Neighborhood:
Puueo Lots
Area:
South Hilo
Property Description
Owner is retiring and looking to sell this beautiful ocean front property with very successful and profitable bed and breakfast.Property is right across the river from downtown Hilo.Zoned Resort/Hotel so can be developed into so many options. Zoned V.75 which equals 38 unit potential.Currently is an award winning bed and breakfast, one of the best in HawaiiSMA has been approved and plans are with the building department for the projected development.Property originally had 3 homes on the property and the current plans are to keep that same configuration with 10 units.Plans are available for review and include the three homes with 10 units, pool, and pickleball court. While plans are approved, home is being sold as is with many of these projects waiting on building department permits. Main home has been recently renovated with new electric, plumbing, windows, and kitchen.Main home will have new roof by the end of June 2022Main home is within a few feet of the ocean. Makes you feel like you are on a boat since you are so close. Over time there has been and will continue to be erosion of the cliff. The owner states that they typically see only an inch or two of erosion per year and project/estimate that the home will be fine for the next 10-30 years. There is a company on island that can move the main home when you want to, and the price is very reasonable. Estimate is owners best guess and based on what they have seen over the years that they have been here. Current owners happy to work with new owners on running the bed and breakfast for a specified period of time.Property has coconut trees, tons of banana trees, and pineapple. This is the best area to grow in the state as there is about 5 feet of topsoil.
Exterior Features

Design Wood Frame Exterior Area Total 300 Land Tenure Fee Simple Lot Description Clear Ocean Front Y Pool N Roads Paved Topography Gentle Slope Unit Description Duplex View BayCityOceanSunrise

Interior Features

Appliances DishwasherMicrowaveRefrigeratorRange/Oven Floors HardwoodVinyl Washer Dryer DryerWasher Window Coverings Drapes

Property Features

Assessed Value 838500 Assessment Year 2022 Distressed Standard Sale Features Ceilings-9'+ElevatorSmoke/Heat Detector Lava Zone 8 Oceanfront Unit Y Y Phone Service CableLand Line Power Overhead Property Type Residential Sewer CesspoolSeptic Solid Waste Disposal None Tax Key 326001013 Taxes 7135.00 Terms 1031 ExchangeCashConstruction LoanConventionalDeveloper Package Tv Availability SatelliteCable Vehicle Parking Unassigned Water County Zoning V-.75

Listing information © 2022 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Bizwala.


© 2022 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aloha Kona Realty, Inc.. Data last updated: 2022-05-29T07:34:20.417.
 
https://bt-photos.global.ssl.fastly.net/hawaii/orig_boomver_1_661688-2.jpg https://bt-photos.global.ssl.fastly.net/hawaii/orig_boomver_1_661688-2.jpg https://bt-photos.global.ssl.fastly.net/hawaii/orig_boomver_1_661688-2.jpg
Logo
Aloha Kona Realty, Inc.
75-5852 Alii Dr. V-14
Kailua Kona HI, 96740