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48 Makakai Pl (Hilo)

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48 Makakai Pl, Hilo
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Description
Generational opportunity to own a home on ocean side of exclusive Alae Point - a location for legend and legacy directly above Honoli’i Beach Park.   The home is awe-inspiring and absolutely one of a kind- with award winning architecture and ocean views that stretch from Honoli’i point to Keaukaha and Hilo Bay. Get your surf report and weather forecast from your windows then walk to the beach from your own back door.  The floorplan affords the luxury to operate as two separate units- one on each side of the porte cochere - with a design in mind to create a third to help maximize the property's potential. 
The upstairs Great Room is a display of grandeur on another level- large redwood posts and beams with a T&G ceiling that peaks 20' above the slate floor where it's capped with a plexiglass cupola. Each corner has two lanais with doors that open wide when you want to let in the breeze and the light while the fresh new deck overlooks the fenced backyard and 60' lap pool with new pump and filtration system.
The two biggest bedrooms (appx 9' x 26') are equipped with accordion doors to make four rooms from two- each with its own door, window, and closet. Across the porte cochere the smaller hale comes complete with a bedroom, bathroom, loft, kitchenette, and its own W/D.
Find prominence and pride in a property perfect for parties and gatherings- plenty of parking to promote community and share your place with your people. Bring family and friends to amaze on holidays- Watch the fireworks on the First and the Fourth- See the sunrise surfers and whales at play while you watch your ship come in.
Past Activity
  • May 30, 2025 Sold for $1,100,000
  • Apr 09, 2025 Off Market
  • Mar 19, 2025 Under Contract
  • Mar 05, 2025 Listed at $1,200,000
More Details
  • Price / ft²: $349
  • Zoning: RS-15
  • View: Bay, HIS Coastline, HIS Sunrise, Ocean, Ocean Horizon
  • TMK: 3260260090000
  • Tax Assessed Value: $1,089,400
  • Courtesy: Hawaii Life
  • MLS: 716048
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 July 13, 2025.
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Description
Generational opportunity to own a home on ocean side of exclusive Alae Point - a location for legend and legacy directly above Honoli’i Beach Park.   The home is awe-inspiring and absolutely one of a kind- with award winning architecture and ocean views that stretch from Honoli’i point to Keaukaha and Hilo Bay. Get your surf report and weather forecast from your windows then walk to the beach from your own back door.  The floorplan affords the luxury to operate as two separate units- one on each side of the porte cochere - with a design in mind to create a third to help maximize the property's potential. 
The upstairs Great Room is a display of grandeur on another level- large redwood posts and beams with a T&G ceiling that peaks 20' above the slate floor where it's capped with a plexiglass cupola. Each corner has two lanais with doors that open wide when you want to let in the breeze and the light while the fresh new deck overlooks the fenced backyard and 60' lap pool with new pump and filtration system.
The two biggest bedrooms (appx 9' x 26') are equipped with accordion doors to make four rooms from two- each with its own door, window, and closet. Across the porte cochere the smaller hale comes complete with a bedroom, bathroom, loft, kitchenette, and its own W/D.
Find prominence and pride in a property perfect for parties and gatherings- plenty of parking to promote community and share your place with your people. Bring family and friends to amaze on holidays- Watch the fireworks on the First and the Fourth- See the sunrise surfers and whales at play while you watch your ship come in.
    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 July 13, 2025.
    • May 30, 2025 Sold for $1,100,000
    • Apr 09, 2025 Off Market
    • Mar 19, 2025 Under Contract
    • Mar 05, 2025 Listed at $1,200,000
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    $1,199,000
    29-3707 Kanna Road
    2 Bds | 1.5 Ba
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    27-525 Kalaoa Camp Rd
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    $1,145,500
    127 Kanoelani St #1
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    $1,269,000
    3047 Lou Street
    4 Bds | 2.5 Ba
    2,688 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.