Kaumana Heights

MLS® 707136 (Hawaii Real Estate) is located at Kaumana Heights HILO HI 96720 in PONOHAWAI HOMESTEADS Kaumana Heights. The current listing status is Contingent. This 7 bed and 8 bath Home was built in and features 6395 finished sq.ft with a lot size of 2.80 acres. This property has a reported annual taxes of $12,203. This property is currently listed for an *asking* price of $1,395,000 (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.

An extraordinary property offering a myriad of opportunities on Hawaii Island! This versatile estate is a haven for those seeking a multi-functional/generational living space, with potential for multiple rentals, an owner's residence & expansive workshop facilities. At the pinnacle of the property, the main 3-bedroom, 1.5-bath home w/ comfortable spacious living. As you descend the property, you encounter a wealth of rental opportunities. A permitted ohana that includes a 1-bedroom, 2-bath front unit, with living room, remodeled kitchen, a flex and laundry rooms. The middle of the ohana has 1-bedroom, 1-bath, a kitchenette connected to a large studio, 1 bath, full-size washer/dryer & a large open lanai. All this can be one home or multiple rental opportunities. 3 attached, carport spaces make parking accessible. Showcasing the diversity & income potential of this unique property also includes another 'in-process' remodeled 2- bed., 2-bath apartment attached to the ohana presents a fifth living option, The pièce de résistance is an expansive 3-bay workshop garage; for car enthusiasts & craftsmen alike. This high-ceilinged space comes complete w/ storage & feed rooms, as well as equipment for working on cars. The landscape has various fruit-bearing & mac nut trees. This property offers a home & agricultural haven. Marvel at ocean views on the Hilo coastline. The location, close to Kaumana Elementary School & Saddle Road, ensures easy access to Kona & Hilo Towns. Embrace sustainability w/ a new 10KW photovoltaic system, boasting 40x270w panels, 39KW of total inverter output & a substantial 2240ah (108 KWh) battery bank. This eco-friendly setup powers all apartments, the ohana, & the workshop, making it not only versatile but also environmentally conscious. PV is robust enough to charge an EV. Don't miss the chance to explore this multi-purpose property that seamlessly blends functionality, comfort & income potential.