Panaewa Houselots Homes with Fee Simple Land tenure

Panaewa Houselots Homes with Fee Simple Land tenure

Welcome to Panaewa Houselots, a charming neighborhood nestled in the picturesque city of Hilo, Hawaii. This vibrant community offers a unique blend of natural beauty and suburban comfort, making it an ideal place for families, retirees, and anyone looking to embrace the island lifestyle.

Panaewa Houselots is characterized by its lush greenery and serene surroundings, providing residents with a tranquil escape from the hustle and bustle of city life. The neighborhood is known for its spacious lots, allowing homeowners to enjoy ample outdoor space for gardening, play, and relaxation. With fee simple land tenure, residents can take pride in owning their property outright, offering both stability and investment potential.

The community is conveniently located near essential amenities, including shopping centers, schools, and healthcare facilities. Families will appreciate the proximity to Hilo’s reputable schools, while nature enthusiasts can explore nearby parks and hiking trails, including the stunning Hawaii Volcanoes National Park, which is just a short drive away.

Panaewa Houselots is also famous for its friendly atmosphere and strong sense of community. Neighbors often come together for local events, fostering lasting relationships and a welcoming environment. Whether you’re sipping coffee on your porch while enjoying the gentle Hawaiian breeze or exploring the vibrant local culture, Panaewa Houselots offers a unique lifestyle that truly embodies the spirit of island living.

Discover the charm of Panaewa Houselots, where homeownership meets the beauty of Hawaii, and make it your next destination!

Newest Panaewa Houselots Homes with Fee Simple Land tenure

$1,349,000
6 Beds 4 Baths 725751 MLS ['Fee Simple'] Tenure
Welcome to 272 Lama Street, together with the additional dwelling known as 460 Awa Street—a rare corner property near Nani Mau Gardens offering nearly 3 acres of usable land with room for expansion, gardening, farming, recreation, or multi-generational living. This unique property features two existing homes with three assigned street addresses, providing flexibility for extended family living, rental income potential, guest accommodations, or home-based business use. Thoughtful improvements have been completed throughout the property following a recent pre-listing inspection, enhancing both dwellings and creating a refreshed, move-in-ready opportunity. The main residence features interior & exterior repainting, roof repainting, repaired termite damage, refreshed accent walls, updated fixtures, new GFCI outlets in kitchen & bath areas, screened openings, and numerous additional repairs that contribute to the home's clean and well-maintained appearance. The secondary dwelling has also benefited from substantial upgrades, including new vinyl flooring, interior & exterior paint, updated fixtures, a new water heater, new entry railing, patio improvements, wall repairs, and upgraded GFCI electrical safety features in the kitchen & bath areas. Conveniently located in the desirable Panaewa area, just minutes from Hilo town, shopping, schools, and parks, this property offers the privacy, flexibility, and open space that are increasingly difficult to find so close to town.

272 Lama St, HILO

Listing courtesy of Hara Chun Realty, LLC.

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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.