New Listing
$650,000
 $3,489 est/mo Sourced by Back At You

491 Iwalani St,Hilo, HI 96720

Hilo, HI 96720

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Description

Embrace true old-Hawaii charm with this captivating 1950s Kamaaina plantation home in Hilo, Hawaii. Situated on approximately half an acre, this property offers an ultra-rare lifestyle feature: it borders the Hilo Municipal Golf Course, allowing you to walk directly onto the green right from your own backyard. Rich with Hawai'i plantation character and soul, this classic residence is packed with untapped potential and is ready for the right buyer to restore it to its absolute finest glory. The upper level of the home features 3 bedrooms and 1 full bathroom, retaining the iconic redwood bones of a traditional plantation build. Hidden beneath years of history are original hardwood floors just waiting to be sanded and refinished into a stunning focal point. Downstairs, the highly functional lower level expands your options exponentially. Complete with a flexible living space, a convenient kitchenette, and a half bath, this lower layout is ideal for hosting extended family, creating a dedicated remote work suite. Or perhaps an interior Gym or excess storage area? While the home does need some cosmetic renovations and restoration to truly shine, it represents a blank canvas in an unbeatable location. Imagine sipping morning coffee in your Kitchen while looking out over manicured fairway greens, or spending your afternoons practicing your swing just steps from your back door. Property opportunities like this along the Hilo Municipal Golf Course are not common- here is your chance to secure your dream home! Just a few minutes away from Hilo Plaza, Target/Walmart and Puainako Shopping Center. Also- take the upper road to reach Hilo Benioff Medical Center or Kaiser in 10-15 minutes! Bring your contractor, your vision, and your love for vintage Hawaiian Homes to check out this Hilo gem today. ***Requires an appointment to enter property, please do not visit without an agent***

Details

MLS #733447
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1955
Days On Site3
Listing Provided ByIokua Real Estate | Michelle A Jimenez

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,038
ZoningRS-15
Acreage0.46

Taxes

Property266

Area Information

StateHI
CityHilo
Zip Code96720
AreaBig Island
Community NameWAIAKEA HOMESTEADS 1ST SERIES
Listing VS Median (in WAIAKEA HOMESTEADS 1ST SERIES)
Price:
$650,000
low | high
Med:
$649,500
50.076923076923% of Average
sqft:
1,038
low | high
Med:
1,533
2.312138728324% of Average
$ / sqft:
$626
low | high
Med:
$473
74.447655894401% of Average
On site:
3
low | high
Med:
109.5
2.739726027397% of Average
Sourced by Back At You

Market Activity 96720

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Learn More About This Property

StateHI
CityHilo
Zip Code96720
AreaBig Island
Community NameWAIAKEA HOMESTEADS 1ST SERIES
Listing VS Median (in WAIAKEA HOMESTEADS 1ST SERIES)
Price:
$650,000
low | high
Med:
$649,500
50.076923076923% of Average
sqft:
1,038
low | high
Med:
1,533
2.312138728324% of Average
$ / sqft:
$626
low | high
Med:
$473
74.447655894401% of Average
On site:
3
low | high
Med:
109.5
2.739726027397% of Average
Sourced by Back At You
Listing Updated: October 12, 2026 at 5:19:01 PM PDT