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#720108, Listing Office: Century 21 Homefinders of Hawaii
Property details
About Puainako Ext
Puainako Heights is a fee simple, residential development opportunity located approximately five miles above Hilo, on the Big Island of Hawaii.<br><br>The project is currently zoned for 440 units, in both single- and multi-family configurations. The number of allowed units may be increased to 820 with approval from the County.<br>The site encompasses approximately 130 usable acres and 57 separate tax parcels.<br>- State Land Use Designation is Urban<br>- County Zoning is RS-7.5, with 34 acres zoned RM-4<br>- 317 water meters are reserved for Puainako Heights through the Department of Water Supply<br><br>The property is in foreclosure, and presents a unique opportunity for an experienced real estate developer or long-term investor. Offered at roughly $50,00 per-acre, or $20,000 per-water-unit, the site may be developed as a fee simple neighborhood and/or build-to-rent community. The scarcity of development sites near Hilo, commitment of municipal water service, and proximity to Kona, should preserve and increase the value of Puainako Heights as a long-term asset.<br><br>Additionally, RM zoning allows the following uses:<br>- Single- or multi-family housing<br>- Adult day care homes<br>- Boarding facilities, rooming, or lodging houses<br>- Care homes, with a County Use Permit<br>- Community Buildings, as permitted in Hawaii County Code Section 25-4-11<br>- Day care centers, with a County Use Permit<br>- Group living facilities<br>- Medical clinics, with a County Use Permit<br>- Meeting facilities<br>- Short-term vacation rentals, within a condominium property regime<br><br>Due to the Puainako Heights' status as the subject of a foreclosure action, the Court of the Third Circuit requires property-specific disclosures to be made to potential Buyers. Disclosures are available to interested parties.
Highlights
Home typeVacant Land
StatusActive
MLS #716708
Summary
- Private Pool: No
- List Price: $6,340,000
- HOA Amount: $0
- HOA Frequency: Monthly
- MLS Number: 716708
- Office Name: RE/MAX Properties
- Office Phone: (808) 960-3138
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Those properties marked with Hawaii Information Service's icon are provided courtesy of Hawaii Information Service Multiple Listing Service™ system. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/9/2025, 11:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Puainako Ext
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 23, 2017 | Home Sold | $269,833,500 |
| Aug 23, 2017 | Home Sold | $269,833,500 |
| Aug 23, 2017 | Home Sold | $269,833,500 |
| Aug 23, 2017 | Home Sold | $269,833,500 |
| Aug 23, 2017 | Home Sold | $269,833,500 |
| Aug 23, 2017 | Home Sold | $269,833,500 |
| Aug 23, 2017 | Home Sold | $269,833,500 |
| Aug 23, 2017 | Home Sold | $269,833,500 |
| Aug 23, 2017 | Home Sold | $269,833,500 |
| Aug 23, 2017 | Home Sold | $269,833,500 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
5
Waiakea Elementary School
Public District PK-5
1.4 mi
•180 W Puainako St
9
Ernest Bowen Desilva Elementary School
Public District PK-6
1.9 mi
•278 Ainako Ave
8
Waiakeawaena Elementary School
Public District PK-5
1.9 mi
•2420 Kilauea Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $73,449. The most common annual income of people living in Hilo, HI is between $35k-100k. The most common type of family is married, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
5%
<35k
66%
35k-100k
27%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
25%
Single, No Kids
7%
Single, with Kids
44%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
12%
18-34 yrs old
40%
35-64 yrs old
31%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
PGA/LPGA
Hiking/backpacking
Where do the neighbors shop?
Chico's
Nordstrom Rack
Stein Mart
Where do the neighbors go to eat?
Boston Market
Bonefish Grill
Chipotle
What do the neighbors drive?
Volvo
Cadillac
Mazda
What do the neighbors listen to?
Talk/Personality
Classical
Rock
All data provided by Home Junction and Claritas
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#720121, Listing Office: Century 21 Homefinders of Hawaii
Frequently asked questions
Living in Hilo, HI
Transportation in Hilo includes a public bus system that connects residents to key areas within the town and surrounding regions. While schedules vary, the bus service provides a reliable option for those without private vehicles. The area is moderately walkable, particularly in the downtown district, where shops and restaurants are concentrated. For longer distances, a network of roads and highways connects Hilo to other parts of the Big Island, and the Hilo International Airport facilitates air travel. Ride-sharing services are available, complementing the existing transportation options.
The community is served by a network of public and private educational institutions, ensuring a range of options for families. Healthcare services are available through local clinics and the Hilo Medical Center, which provides comprehensive care including emergency services. The public library system supports the town's educational and cultural needs. Retail and dining establishments offer a taste of local flavors and crafts, reflecting the diverse cultural influences of Hilo. City initiatives aim to maintain and improve these services to accommodate the needs of a growing population.
Hilo is celebrated for its laid-back atmosphere and rich cultural heritage. The community prides itself on its strong ties to native Hawaiian traditions and the spirit of Aloha. Residents and visitors alike enjoy the town's vibrant festivals, including the renowned Merrie Monarch Hula Festival, which showcases the island's deep cultural roots and artistic expression. The area's natural beauty, with its lush landscapes and nearby waterfalls, contributes to a serene and inviting community character.
Hilo offers a diverse range of housing options, from charming bungalows to spacious contemporary homes. The housing landscape is characterized by a mix of single-family residences and multi-family units, with single-family homes making up a significant portion of the market. Architectural styles reflect the island's unique cultural blend, with influences ranging from plantation-style to modern Pacific designs. The area has seen a range of development periods, with many homes dating back to the mid-20th century, providing a sense of historical charm.
About Puainako Ext
The listing price of Puainako Ext property is $6,340,000.
The property Puainako Ext is land located in Hilo, Hawaii, 96720.
Active Listing: Puainako Ext is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for Puainako Ext are: Waiakea Elementary School (GreatSchools Rating 5/10), Ernest Bowen Desilva Elementary School (GreatSchools Rating 9/10), Waiakeawaena Elementary School (GreatSchools Rating 8/10), Waiakea Intermediate School (GreatSchools Rating 4/10), Hilo Intermediate School (GreatSchools Rating 7/10), Keaau Middle School (GreatSchools Rating 3/10), Waiakea High School (GreatSchools Rating 7/10), Hilo High School (GreatSchools Rating 4/10), Connections - New Century Public Charter School (GreatSchools Rating 4/10).
The last sale was on August 23, 2017 for $269,833,500 (source: MLS/tax record).
This home is located at Puainako Ext in Hilo, HI and zip code 96720. Features: 0 bathroom. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $6,340,000.
The number of homes for sale in Hilo, HI increased by 11.8% between March and April 2025. In April 2025 median list price was $628,500 and the average listing age was 239 days.
From Rocket Homes Real Estate and based on county public records data.