Hawaii Living

287 Wainaku St (Hilo)

1 / 13
287 Wainaku St, Hilo
Inquire / Showing / Video Tour
Description
Discover the unique charm of this riverfront property, nestled along the scenic Pukihae Stream and just a short walk from Downtown Hilo. Located in a peaceful 3-lot “subdivision”, this is the only building/house, perfectly positioned to enjoy abundant sunshine, air flow, and a unique privacy.

The property offers parking for 2-4 cars and features rare low-bank access to the stream, allowing you to easily step into the water and enjoy a serene swimming area. This magical retreat makes for an exceptional investment, whether as a personal residence, a lucrative rental, or an expanded venture because of the Multi-family zoning with additional uses allowed by the County.
Just 5 minutes (walking) from the vibrant heart of Old Hilo Town, you'll find wonderful restaurants, local shopping, farmers markets, and frequent festivities. Plus, Bayfront Hilo’s surfing spot is a short walking distance away, offering the best of both worlds—tropical living with a stream on the property, without being too far from the conveniences of town.
The adjacent partially developed land “Lot 40” is also listed for sale. If both this house property and “Lot 40” are purchased together, then this would be an ideal development for “an Estate Property” . The Multi-Family Use zoning lists is a plus to the location and surroundings.

Home is rented. 48 hours' notice is required. Please refrain from visiting the property without permission. All information is deemed reliable but not guaranteed. Buyer and buyer’s agent are responsible for verifying all listing details.
Recent Activity
Past Sales
(Hilo)
More Details
  • Price / ft²: $653
  • Zoning: RM-10
  • View: Garden, River
  • Amenities: Disposal, Range, Range Hood, Refrigerator
  • TMK: 3260080420000
  • Tax Assessed Value: $507,900
  • Courtesy: Ray Kobayashi Jr REALTOR
  • MLS: 718446
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on April 24, 2025.
Other Hilo Homes
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
$575,000
29-2219 Old Mamalahoa Highway
1 Bd | 2 Ba
1,022 ft²
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
$599,000
80 Terrace Dr
3 Bds | 2 Ba
1,070 ft²
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
$599,000
338 Kauila St
3 Bds | 1 Ba
1,740 ft²
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
$600,000
1249 W Kawailani St
3 Bds | 1 Ba
1,205 ft²
Other Big Island Homes
Keaau
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
$585,000
15-1615 13th Ave
3 Bds | 2 Ba
1,673 ft²
Keaau
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
$585,000
15-1736 7th Ave
3 Bds | 2 Ba
1,386 ft²
Keaau
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
$585,000
15-1784 30th Ave
3 Bds | 2 Ba
2,344 ft²
Puna
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
$585,000
13-3471 Kumakahi St
4 Bds | 4 Ba
2,012 ft²
Ocean View
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
$583,000
92-1844 Ocean View Pkwy
3 Bds | 2 Ba
1,264 ft²
Keaau
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
  • Photo
$589,000
15-1517 Beach Rd
3 Bds | 2.5 Ba
1,631 ft²
  • Asking Price: $585,000
Description
Discover the unique charm of this riverfront property, nestled along the scenic Pukihae Stream and just a short walk from Downtown Hilo. Located in a peaceful 3-lot “subdivision”, this is the only building/house, perfectly positioned to enjoy abundant sunshine, air flow, and a unique privacy.

The property offers parking for 2-4 cars and features rare low-bank access to the stream, allowing you to easily step into the water and enjoy a serene swimming area. This magical retreat makes for an exceptional investment, whether as a personal residence, a lucrative rental, or an expanded venture because of the Multi-family zoning with additional uses allowed by the County.
Just 5 minutes (walking) from the vibrant heart of Old Hilo Town, you'll find wonderful restaurants, local shopping, farmers markets, and frequent festivities. Plus, Bayfront Hilo’s surfing spot is a short walking distance away, offering the best of both worlds—tropical living with a stream on the property, without being too far from the conveniences of town.
The adjacent partially developed land “Lot 40” is also listed for sale. If both this house property and “Lot 40” are purchased together, then this would be an ideal development for “an Estate Property” . The Multi-Family Use zoning lists is a plus to the location and surroundings.

Home is rented. 48 hours' notice is required. Please refrain from visiting the property without permission. All information is deemed reliable but not guaranteed. Buyer and buyer’s agent are responsible for verifying all listing details.
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on April 24, 2025.
    Other Hilo Homes
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    $575,000
    29-2219 Old Mamalahoa Highway
    1 Bd | 2 Ba
    1,022 ft²
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    $599,000
    80 Terrace Dr
    3 Bds | 2 Ba
    1,070 ft²
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    $599,000
    338 Kauila St
    3 Bds | 1 Ba
    1,740 ft²
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    $600,000
    1249 W Kawailani St
    3 Bds | 1 Ba
    1,205 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.