28-1187 Old Mamalahoa Highway, PEPEEKEO, HI 96783

$4,256,000
6
BD
8
BA
6,253
SqFt

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List Price
$4,256,000
Status
ACTIVE
Type
Multifamily
MLS#
715590
Days on Market
729
Land Area
501,375
Year Built
2004
Property Type
Residential Income
Land Tenure
Fee Simple

Property Description

11.5 ocean-view acres in Pepeʻekeo with two updated homes, just north of Hilo along the scenic Old Mamalahoa Highway. The property is made up of two contiguous parcels (TMK 3-2-8-7-83 and 3-2-8-7-84) behind two gated entries, with stream frontage, rich soils, a producing longan orchard, and mature fruit trees on well-kept grounds. Hilo town is 10 minutes away. The first home, 28-1187 Old Mamalahoa Highway, is a 3-bedroom, 3.5-bath with a split floor plan. A large great room with vaulted ceilings opens to a long covered lanai through triple-track glass doors, creating one indoor-outdoor space facing the ocean. Renovations include natural stone flooring, a custom kitchen with quartz countertops, a removable wood island top, high-end appliances, Hardie panel siding, a standing seam metal roof, a rec room, and a solar water heater. A detached 10+ car garage with its own facilities has room for vehicles and farm equipment. A gazebo holds a hot tub with a dedicated on-demand heater for fresh hot water with each use. The second home, 28-1167 Old Mamalahoa Highway, is a two-story 3-bedroom, 3-bath, fully updated in 2020 with Hardie siding, a standing seam metal roof, updated bathrooms and lighting, quality fixtures, and a remodeled kitchen. It has county water, fast internet, underground power, and a grid-tied, net-metered PV system. RS-10 zoning and the County’s new ADU rules may allow subdivision or additional dwellings. Buyer to verify with the County. Each home is also listed individually: 28-1187 is MLS 715103 (TMK 3-2-8-7-83), and 28-1167 is MLS 715205 (TMK 3-2-8-7-84). Back on the market as the previous buyer’s financing did not come through, and the cancellation was unrelated to the property.

Additional Information

Island
Big Island
Utilities
Cable Available, Electricity Available, Natural Gas Available, Other, Phone Available, Underground Utilities
View
Ocean, Ocean Horizon, Other, Pasture, Sunrise
Lot Size
501,375
Frontage
Road/Street
Year Built
2004
Sewer
Cesspool
Annual Property Tax
$23,715
Parking Features
Attached, Covered, Detached
Lot Features
Cleared, Farm, Grassy, Landscaped, See Remarks
Zoning
RS-10

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Listing courtesy of Salt Water Real Estate LLC.

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