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Eric and Lisa West

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Waiakea Villas, HILO, Hawaii – $8,900,000 (Fee Simple)

  • 1 Bath
  • 69,788 Sqft
  • 7.68 Acres
  • 172 DOM
  • 1 Bath
  • 69,788 Sqft
  • 7.68 Acres
  • 172 DOM

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Waiakea Villas

MLS® 627405 (Hawaii Real Estate) is located at Waiakea Villas HILO HI 96720 in Waiakea Waiakea Villas. The current listing status is Active. This bed and 1 bath Home was built in 1973 and features 69788 finished sq.ft with a lot size of 7.68 acres. This property has a reported annual taxes of $119,260. This property is currently listed for an *asking* price of $8,900,000 (Fee Simple) - please call for an explanation of fee simple vs leasehold. Buying Real Estate in Hawaii is very different from the mainland. We can help. 808-298-2030 Click Here to read customer Reviews from people who have worked with this agent.

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.

Essential Information

  • MLS® #627405
  • Price$8,900,000
  • Land TenureFee Simple
  • Bathrooms1.00
  • Full Baths1
  • Square Footage69,788
  • Acres7.68
  • Year Built1973
  • StatusActive

Type

Condo / Townhouse, Multi-Family, Commercial

Community Information

  • AddressWaiakea Villas
  • BuildingWaiakea Villas
  • SubdivisionWaiakea
  • CityHILO
  • StateHawaii
  • Zip Code96720

Amenities

  • ParkingUnassigned
  • ViewGarden, Other (remarks)
  • Is WaterfrontYes
  • WaterfrontStream/Canal
  • Has PoolYes

Features

Community Laundry, Exterior Lighting, Landscaped, Smoke/Heat Detector, Walking/Jogging Path

Interior

  • AppliancesOther (remarks)
  • CoolingNone

Exterior

  • ExteriorWood
  • RoofCorrugated Iron
  • ConstructionDouble Wall
  • FoundationConcrete Slab

Additional Information

  • Date ListedMarch 28th, 2019
  • ZoningV-.75
  • HOA Fees51055.07

Listing Details

  • OfficeHilo Brokers Ltd
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IDX is deemed reliable but is not guaranteed accurate by the Hawaii Information Service, Inc. Listing Service. © 2019 Hawaii Information Service. All Rights Reserved.

Listing information last updated on September 16th, 2019 at 12:53pm HST.