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Hilo Terrace #224 (Hilo)

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Photo 1 of 485 Waianuenue Ave #224, Hilo
Photo 2 of 485 Waianuenue Ave #224, Hilo
Photo 3 of 485 Waianuenue Ave #224, Hilo

485 Waianuenue Ave #224, Hilo

Description
This newly renovated space at Hilo Terrace is awaiting its new owners to make it their own. Featuring 2-bedrooms, 1-bathroom, multiple closet spaces, full kitchen, and living room setup. Totaling a square footage of 695 sqft. This unit is located upstairs for maximized privacy and owner enjoyment.

Amenities Include:
-Onsite Mail service
-Pool access & lounging patio
-Designated parking spaces
-Newly Upgraded laundry facility on site
-Zoned General Commercial (CG-20), which may be conforming for a potential STVR License. Perfect for investment short term or long-term rentals. Buyer to do buyers own due diligence!

Just minutes away from all the fun! Located up the road from - Hilo's Friday Night Market, downtown farmers market, an array of local restaurants & eateries, and grocery's such as KTA and Sack N Save. Also, importantly, located just down the road from Hilo Hospitals and School.

Recent improvements to the Hilo Terrace complex in recent years include the refinishing of the in-ground pool and laundry facilities in 2019, asphalted parking lot in 2024, and new roofs on all buildings in 2023. The last reported monthly maintenance fee of $545 covers water, sewer, gas, condo insurance and common area maintenance. Electricity and trash are billed separately. Cable, internet and phone are owner/tenant's responsibility
Past Activity
  • Jun 09, 2025 Sold for $200,000
  • Apr 22, 2025 Under Contract
  • Apr 14, 2025 Listed at $200,000
  • Feb 11, 2025 Sold for $77,000
  • Jan 20, 2025 Off Market
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $0.78
  • Price / ft²: $288
  • Zoning: CG-20
  • Amenities: Range, Refrigerator
  • TMK: 3230160660044
  • Tax Assessed Value: $50,500
  • Courtesy: Coldwell Banker Island Properties - Hilo / 8088962644
  • MLS: 720278
About Hilo Terrace
  • Address: 485 Waianuenue Ave, Hilo, HI 96720.
     
  • Built: 1963, 100 Units, 2 Bedrooms, 10 2-Story Buildings, 3.5 Acre.
     
  • Amenities: Pool.
     
  • Short-term Vacation Renting: Not Allowed.

Hilo Terrace is a charming condominium complex with a prime location in Hilo. It’s located just moments away from the downtown shopping area, farmer’s market, schools and Hilo Bayfront Beach Park.

Originally a leasehold property, the majority of units have converted to fee simple ownership in early 2025. For added comfort, a resident manager is availa

  ... Read more
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on January 02, 2026.
Other Hilo Terrace Listings
$179,950
Hilo Terrace #241
2 Bds | 1 Ba
695 ft²
Other Hilo Condos
$179,000
Puueo Villa #4
2 Bds | 1 Ba
660 ft²
$225,000
Kalani Condominiums #206
2 Bds | 1 Ba
720 ft²
$235,000
Waiakea Villas #4226
1 Bd | 1 Ba
519 ft²
$237,000
Lagoon View Apartments #A3
1 Bd | 1 Ba
448 ft²
$269,000
Wainaku Terrace #101
2 Bds | 1.5 Ba
706 ft²
$270,000
33 Hualalai #209
1 Bd | 1 Ba
608 ft²
  • Sold 6/9/25 at $200,000
    (List Price: $200,000)
Description
This newly renovated space at Hilo Terrace is awaiting its new owners to make it their own. Featuring 2-bedrooms, 1-bathroom, multiple closet spaces, full kitchen, and living room setup. Totaling a square footage of 695 sqft. This unit is located upstairs for maximized privacy and owner enjoyment.

Amenities Include:
-Onsite Mail service
-Pool access & lounging patio
-Designated parking spaces
-Newly Upgraded laundry facility on site
-Zoned General Commercial (CG-20), which may be conforming for a potential STVR License. Perfect for investment short term or long-term rentals. Buyer to do buyers own due diligence!

Just minutes away from all the fun! Located up the road from - Hilo's Friday Night Market, downtown farmers market, an array of local restaurants & eateries, and grocery's such as KTA and Sack N Save. Also, importantly, located just down the road from Hilo Hospitals and School.

Recent improvements to the Hilo Terrace complex in recent years include the refinishing of the in-ground pool and laundry facilities in 2019, asphalted parking lot in 2024, and new roofs on all buildings in 2023. The last reported monthly maintenance fee of $545 covers water, sewer, gas, condo insurance and common area maintenance. Electricity and trash are billed separately. Cable, internet and phone are owner/tenant's responsibility
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on January 02, 2026.
    • Address: 485 Waianuenue Ave, Hilo, HI 96720.
       
    • Built: 1963, 100 Units, 2 Bedrooms, 10 2-Story Buildings, 3.5 Acre.
       
    • Amenities: Pool.
       
    • Short-term Vacation Renting: Not Allowed.

    Hilo Terrace is a charming condominium complex with a prime location in Hilo. It’s located just moments away from the downtown shopping area, farmer’s market, schools and Hilo Bayfront Beach Park.

    Originally a leasehold property, the majority of units have converted to fee simple ownership in early 2025. For added comfort, a resident manager is availa

      ... Read more
    Other Hilo Terrace Listings
    $179,950
    Hilo Terrace #241
    2 Bds | 1 Ba
    695 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, our network of agents 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.
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    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
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