Discover the rare opportunity to own a spacious 20,000-square-foot lot nestled in the heart of Wainaku, just minutes from Downtown Hilo. Located on 289 Wainaku Street, this expansive property offers direct riverside frontage, creating a serene and scenic setting ideal for residential development.<br><br>Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.<br><br>Zoned RM-10 (Multi-Family Residential), the lot allows for flexible development potential – from a custom single-family residence to a multi-unit investment property (subject to county approval). Enjoy the lush surroundings, gentle river sounds, and mature tropical landscape that give this parcel a truly peaceful, retreat-like feel.<br><br>With utilities nearby (500 Amp Underground Electric Installed / 1 Water Meter) and paved road access, this is a unique chance to develop in one of Hilo’s most desirable neighborhoods. Whether you're a builder, investor, or visionary homeowner, this Wainaku lot offers incredible potential and natural beauty.
Lot/land
$550,000
289 Wainaku St, Hilo, HI 96720
--beds
0baths
0.46Acres
Unimproved Land
Built in ----
0.46 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Lush surroundingsGentle river soundsNatural beautySerene and scenic settingMature tropical landscapeRiverside frontagePaved road access
- 3 days
- on Zillow |
- 285 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: July 10, 2025 at 08:26am
Listed by:
Jonathan T. Correa 8085572613,
Better Homes and Gardens Real Estate Hank Correa Realty
Source: Hawaii Information Service,MLS#: 722190
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Features
- Has fireplace: No
Property
Features
- Waterfront features: River Front
- Frontage type: River
Lot
- Size: 0.46 Acres
- Features: Cleared, Interior Lot
- Topography: Terraced
Details
- Parcel number: 3260080220000
- Zoning: RM-10
- Special conditions: Fee Simple,Standard
Utilities & green energy
- Sewer: None
- Utilities for property: Electricity Available, Underground Utilities
Community & HOA
Location
- Region: Hilo
Financial & listing details
- Tax assessed value: $272,500
- Annual tax amount: $100
- Date on market: 7/10/2025
- Listing terms: Cash
- Ownership: Full
- Electric utility on property: Yes
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