Waiakea Homesteads 1st Series Homes with Fee Simple Land tenure

Welcome to Waiakea Homesteads 1st Series, a charming neighborhood nestled in the picturesque city of Hilo, Hawaii. This vibrant community is known for its lush landscapes, friendly atmosphere, and a true sense of island living. Located on the Big Island, Waiakea Homesteads offers residents a unique blend of tranquility and convenience, making it an ideal place to call home.

One of the standout features of this neighborhood is the availability of homes with fee simple land tenure. This means that homeowners enjoy full ownership of both their property and the land it sits on, providing a sense of permanence and security that is highly sought after. The homes in Waiakea Homesteads reflect the beauty of Hawaiian architecture, often featuring spacious layouts, tropical gardens, and stunning views of the surrounding mountains and lush greenery.

The community is well-equipped with essential amenities, including local markets, schools, and parks, ensuring that residents have everything they need within reach. Outdoor enthusiasts will appreciate the nearby hiking trails, waterfalls, and stunning coastline that Hilo is famous for. Additionally, the warm and welcoming spirit of the neighborhood fosters a strong sense of community, where neighbors become friends and gatherings are common.

Whether you're looking to settle down or invest in a slice of paradise, Waiakea Homesteads 1st Series offers a unique opportunity to embrace the island lifestyle. Experience the beauty, culture, and warmth of Hilo in this delightful neighborhood that truly feels like home.

Newest Waiakea Homesteads 1st Series Homes with Fee Simple Land tenure

$590,000

3 Beds ⋅ 2 Baths ⋅ 731664 MLS ⋅ ['Fee Simple'] Tenure

Welcome to this hale in Hilo, where island living meets everyday convenience. Located in an established neighborhood just minutes from downtown Hilo, schools, shopping, restaurants, parks, and beaches, this property offers a peaceful tropical retreat. Step into the backyard and discover a lush oasis with multiple fruit trees, thriving taro, and vibrant tropical landscaping that creates the feeling of being tucked away in your own private paradise. Although located in the heart of Hilo, the property offers a quiet, serene. Whether you're looking for a primary residence, a second home, or an investment opportunity, this property offers a wonderful opportunity to experience the beauty and tranquility of East Hawaiʻi.

74 Maikai St, HILO

Listing courtesy of eXp Realty.

$650,000

3 Beds ⋅ 3 Baths ⋅ 731630 MLS ⋅ ['Fee Simple'] Tenure

Excellent location. Situated on a generous 21,780 sq. ft. lot, this well-maintained 3-bedroom, 2.5-bath home offers approximately 1,760 sq. ft. of living space with plenty of room. Ideally located, this property provides convenient access to schools, shops and restaurants. This home is a must see. ***The information herein while deemed reliable may contain inaccuracies and is provided without warranty or guarantee of any kind. Tax records do not match actual bed and bath count; Buyer and Buyer's agent to do due diligence. Agents and buyers are advised to independently verify any information they deem material or important to the decision to purchase the property including, but not limited to, the condition, permits and square footage of the property. Square footage is approximate and should be verified by an appraisal.***

491 Naniakea St, HILO

Listing courtesy of Iokua Residential Services, Inc..

$695,000

5 Beds ⋅ 2 Baths ⋅ 731669 MLS ⋅ ['Fee Simple'] Tenure

The vintage home has been loved by the Sellers who made practical improvements and ready for the new owners to do their custom finishes Craftmanship and thoughtful built ins. / Brick Fireplace/ Shoji screening for den privacy / Original hardwood flooring/ combined bathroom-shower wet room/ Split AC units/ PV solar panels and the Owner’s favorite room, the Expansive Covered Lanai facing East for cool Afternoon enjoyment. Unusually large 32,190 Square foot property lets you Age in place and have additional room for Multigenerational home expansion.

27 Melani St, HILO

Listing courtesy of Property Group Hawaii, LLC.

$438,000

3 Beds ⋅ 1 Baths ⋅ 730736 MLS ⋅ ['Fee Simple'] Tenure

Located right in the heart of Hilo, this property at 155 W Kawailani St offers a prime opportunity in a highly desirable in-town location for real estate investors and buyers searching for Hilo fixers or value-add homes under $500,000. Zoned RS-15, this lot is well-suited for residential use and presents excellent potential for renovation, redevelopment, or a long term rental hold. With strong demand for housing in Hilo and limited inventory in this price range, this property is an ideal candidate for an investor, contractor, or buyer looking for a project with upside in East Hawaii. Home is being sold strictly as-is; seller will not make any repairs or concessions. Buyers and their agents are strongly advised to verify all information independently and conduct their own due diligence regarding zoning, permits, utilities, and any intended use of the property. If you’ve been searching for Hilo investment property, a fixer-upper in town, or a Big Island real estate opportunity with long-term hold potential, this Hilo property deserves a serious look. With some TLC, this one could become your next project or future income-producing asset.

155 Kawailani St, HILO

Listing courtesy of eXp Realty.

$725,000

5 Beds ⋅ 4 Baths ⋅ 728796 MLS ⋅ ['Fee Simple'] Tenure

Rare opportunity in Waiakea! This multi-family property on Pohakulani Street features two permitted homes on one lot — perfect for extended family living or as an investment property. The front home is a classic 3-bedroom, 1-bath residence built in the 1950s. It has been tastefully updated over the years while maintaining its timeless charm and comfortable layout. The back home is a spacious 3-bedroom, 2.5-bath home offering over 1,400 square feet of living area. Inside, you'll find high cathedral ceilings in the living room and kitchen, creating an open and airy feel. Each bedroom is generously sized, and there’s a family room just off the kitchen—ideal for gatherings or a home office. A large storage area and workshop on the property provide additional functionality and space for tools, projects, or hobbies. Conveniently located near shopping, schools, and the University of Hawaii at Hilo, this property combines versatility, space, and an excellent location — a truly rare find in Waiakea! Property video: https://realestatevideos.vids.io/videos/5a9bd9b3191be6c9d0/450-pohakulani-st

450 Pohakulani St, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$659,000

3 Beds ⋅ 2 Baths ⋅ 728056 MLS ⋅ ['Fee Simple'] Tenure

IMMACULATE KAMA'AINA HOME IN CONVENIENT HILO LOCATION! BE SURE TO VIEW THE VIRTUAL VIDEO TOUR! Extremely clean and tidy home in one of Hilo's most convenient locations, with potential for expansion to build an additional dwelling/ADU (check with County). Close to everything...schools, shopping centers, parks, airport, County and State offices, police & fire stations, restaurants, fast foods, gas stations, banks, credit unions, and more! Upstairs features three bedrooms and one full bath, covered lanai, high ceilings, and a large kitchen. The expansive downstairs finished basement can be accessed via an interior staircase and other entry doors downstairs, and features two additional rooms, a large open area, storage area, and a furo (Japanese-style soaking tub) with shower, and separate toilet; very reminiscent of these classic homes. Think of the many ways you could utilize all this space! Property itself is quite large and is approximately 16,135sf zoned Residential with the possibility of building another dwelling/ADU (check with County). Mature lawn and landscaping. About half of the property is fenced-in, which encompasses the house. This Kama'aina charm is awaiting you to call it home! The information herein is believed to be correct but may contain inaccuracies and is provided without warranty or guarantee of any kind. Agent and Buyers must independently verify any information they deem material or important to their purchase of this property.

7 Maikai St, HILO

Listing courtesy of Ah Chong Realty, LLC.

$290,030

5 Beds ⋅ 2 Baths ⋅ 723970 MLS ⋅ ['Fee Simple'] Tenure

Nice opportunity for a rehab property in Hilo town. The property was renovated before the fire damage. Fire and water damaged areas were cleaned out. The house is within walking distance to Waiakeawaena elementary school, Andrew's gym, and is located conveniently near shopping, banking, restaurant, etc. County permitted square footage is 1556. Three bedrooms with one bath upstairs and three bedrooms with one bathroom downstairs. Ground termite treatment completed in 2022. Roofing and cement siding conditions are great. Fruit producing mango and avocado trees on site. The lot is 15,000 sf with plenty of parking spaces. Located on a cul-de-sac so the property is limited to through traffic. Buyer and Buyer's agent to their own due diligence. NO CONTINGENCIS-AS-IS please add addendum. Please do a drive-by and look in windows before scheduling an appointment to view inside. The house is boarded up and easily viewed from the outside. Fire and Water damage.

89-A Kawailani St, HILO

Listing courtesy of Big Island Properties.

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.