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69788 sq ft (7.68 acres) in Waiakea
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Description
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.

General Information


Address:400 HUALANI ST
HILO, HI 96720
Subdivision:Waiakea
Price:$8,900,000
Form: Condo
Multi-Family
Commercial
House Size:69,788 Sq Ft
Lot Size:7.68 Acres (334,635 Sq Ft)
Type: Not specified
Lava:Zone 3
TMK:3220300030000
MLS:627405
Terms:
  • 1031 Exchange
  • Cash
  • Conventional
  • Open
  • District: South Hilo District
    (learn more)
    Beds:0
    Baths:1.0
    Built:1973
    Status: Active
    Tenure: Fee Simple
    Month Fee:$51055.07
    Taxes:$119,259.74
    Value: $26.60/SqFt (land)
    $127.53/SqFt (stucture)

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    Highlights


    Features...
    • Community Laundry
    • Exterior Lighting
    • Landscaped
    • Smoke/Heat Detector
    • Walking/Jogging Path
    Appliances...
    • Other (remarks)
    Car Storage...
    • Unassigned
    Design...
    • Double Wall
    Fencing...
    • None
    View...
    • Garden
    • Other (remarks)
    Frontage...
    • Road/Street
    • Stream/Canal
    Heat/Cool...
    • None
    Phone...
    • Cell
    • Cable
    • Land Line
    Pool...
    • Yes
    Power...
    • Overhead
    Roads...
    • Paved
    • Private
    Security...
    • Key
    • Security Patrol
    • Security Guard
    Sewer...
    • Sewer-Connected
    Waste...
    • Included with Maintenance Fees
    Topography...
    • Fairly Level
    Television...
    • Cable
    Water...
    • Municipal
    Washer/Dryer...
    • Coin
    • Other (remarks)
    Location
    Zoning...

  • Zone V-.75
  • Coordinates...

  • 19.71323091 -155.07286727
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    162 individual condominium units within the Waiakea Villas complex.


    The private swimming pool is centrally located.


    Here is one of the 1 bedroom units decorated as a "Model" unit.


    These lowrise Polynesian style buildings have tropical landscaping & lagoons.


    Covered walkway leading to the pool.


    A "kitchen studio" unit, has a full stove and refrigerator.


    Each unit has a private lanai with views.


    A view of the pool as seen from a covered walkway along one of the buildings.


    Walking distance to UH-Hilo, shopping and Hilo bayfront.


    Zoning allows for short-term rentals.


    Some studio units are equipped with a full stove.


    Adjacent to Wailoa Park - a great spot to picnic, walk, or feed the ducks.


    An on-site owner's association manages the facilities and grounds.


    Aerial View of property. Boundaries are approximate.


    Walking distance to UH-Hilo, shopping and Hilo bayfront.


    Serene koi ponds and tropical landscaping are found throughout.


    MLS map


    Tropical landscaping beautifully surrounds all buildings.


    162 separate units, a mixture of studio units, 1 Bedroom units and commercial units.


    One of the studio units with slider open to lanai.


    County of Hawaii Plat map. Boundaries are approximate.


    Koi ponds between buildings.