51 Puainako Extension
Hilo, HI 96720
$6,340,000
Price
5,662,800 / 130
Lot Size / Acres
Description
Puainako Heights is a fee simple, residential development opportunity located approximately five miles above Hilo, on the Big Island of Hawaii. The project is currently zoned for 440 units, in both single- and multi-family configurations. The number of allowed units may be increased to 820 with approval from the County. The site encompasses approximately 130 usable acres and 57 separate tax parcels. - State Land Use Designation is Urban - County Zoning is RS-7.5, with 34 acres zoned RM-4 - 317 water...Puainako Heights is a fee simple, residential development opportunity located approximately five miles above Hilo, on the Big Island of Hawaii. The project is currently zoned for 440 units, in both single- and multi-family configurations. The number of allowed units may be increased to 820 with approval from the County. The site encompasses approximately 130 usable acres and 57 separate tax parcels. - State Land Use Designation is Urban - County Zoning is RS-7.5, with 34 acres zoned RM-4 - 317 water meters are reserved for Puainako Heights through the Department of Water Supply The property is in foreclosure, and presents a unique opportunity for an experienced real estate developer or long-term investor. Offered at roughly $50,00 per-acre, or $20,000 per-water-unit, the site may be developed as a fee simple neighborhood and/or build-to-rent community. The scarcity of development sites near Hilo, commitment of municipal water service, and proximity to Kona, should preserve and increase the value of Puainako Heights as a long-term asset. Additionally, RM zoning allows the following uses: - Single- or multi-family housing - Adult day care homes - Boarding facilities, rooming, or lodging houses - Care homes, with a County Use Permit - Community Buildings, as permitted in Hawaii County Code Section 25-4-11 - Day care centers, with a County Use Permit - Group living facilities - Medical clinics, with a County Use Permit - Meeting facilities - Short-term vacation rentals, within a condominium property regime Due to the Puainako Heights' status as the subject of a foreclosure action, the Court of the Third Circuit requires property-specific disclosures to be made to potential Buyers. Disclosures are available to interested parties.
- Listed by Aaron Lee • License #RS-66535 • RE/MAX Properties
Property Details for 51 Puainako Extension
Subdivision
PUAINAKO HEIGHTS SUBDIVISION
ZoningRS-7.5
Land TenureFee Simple
LISTING UPDATED: 12/19/2024 11:19 AM
Property Details for 51 Puainako Extension
| Status | Active |
|---|---|
| MLS # | 716708 |
| Days on Market | 1 |
| Taxes | $4,750 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Land |
| MLS Type | Land / Vacant |
| Year Built | - |
| Lot Size | 130.00 AC |
| County | Hawaii County |
Building Information for 51 Puainako Extension
Lot Size130.00 AC
Property Information for 51 Puainako Extension
Summary
Location and General Information
- Topography: Rolling Terrain
- Latitude: 19.67866599
- Location: PUAINAKO EXTENSION
- Longitude: -155.13584121
- Oceanfront Parcel: N
- Street: PUAINAKO EXTENSION
- Street Address Full: PUAINAKO EXTENSION HILO HI 96720
- City: HILO
- District: South Hilo
- Zip Code: 96720
Taxes and HOA Information
- Fees-Association (Monthly): $0
- Fees-Association (Yearly): $0
- Exempt Amount: $0
- Tax Year: 2024
- Taxes (Annual): $4,749.69
- Taxkey: 3-2-5-46-1
- Taxkey9: 325046001
Virtual Tour
- Tours: 0
Property
Lot Information
- Roads: Paved, State, County
- Structures: No
- Agriculture Dedicated: No
- Land Area: 5662800.0
- Lot Description - Land: Wooded
- Lot Number: 51
- Frontage: Highway/Freeway, Road/Street
- Flood Zone: X
- Lava Zone: 3
Property and Assessments
- Disclosure Form: No
- Assessed Value: $427,900
- Assessment Year: 2024
- Property Type: Land
- Photos: 7
Utilities
- Power: Overhead
- Wastewater: None
- Water: County
- Solid Waste Disposal (Trash): None
Interior and Exterior Features
Exterior Features
- Pool: N
Agent
Sale and Listing
- Ownership: Full
- Media Changed: 12-19-2024
- Terms Acceptable: Cash
- Listor Name: Aaron K. Lee
- Days on Market: 1
- First Photo Sequence: 1
- Subtype of Listing: Vacant
- Remarks - Public: Puainako Heights is a fee simple, residential development opportunity located approximately five miles above Hilo, on the Big Island of Hawaii.<br><br>The project is currently zoned for 440 units, in both single- and multi-family configurations. The number of allowed units may be increased to 820 with approval from the County.<br>The site encompasses approximately 130 usable acres and 57 separate tax parcels.<br>- State Land Use Designation is Urban<br>- County Zoning is RS-7.5, with 34 acres zoned RM-4<br>- 317 water meters are reserved for Puainako Heights through the Department of Water Supply<br><br>The property is in foreclosure, and presents a unique opportunity for an experienced real estate developer or long-term investor. Offered at roughly $50,00 per-acre, or $20,000 per-water-unit, the site may be developed as a fee simple neighborhood and/or build-to-rent community. The scarcity of development sites near Hilo, commitment of municipal water service, and proximity to Kona, should preserve and increase the value of Puainako Heights as a long-term asset.<br><br>Additionally, RM zoning allows the following uses:<br>- Single- or multi-family housing<br>- Adult day care homes<br>- Boarding facilities, rooming, or lodging houses<br>- Care homes, with a County Use Permit<br>- Community Buildings, as permitted in Hawaii County Code Section 25-4-11<br>- Day care centers, with a County Use Permit<br>- Group living facilities<br>- Medical clinics, with a County Use Permit<br>- Meeting facilities<br>- Short-term vacation rentals, within a condominium property regime<br><br>Due to the Puainako Heights' status as the subject of a foreclosure action, the Court of the Third Circuit requires property-specific disclosures to be made to potential Buyers. Disclosures are available to interested parties.
- REversion: 600
- Sale Type: Pre-Foreclosure
- DZS: 325
Property History for 51 Puainako Extension
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 51 Puainako Extension
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 12 |
Rating | School | Distance |
|---|---|---|
Waiakeawaena Elementary School PublicPK to 5 | ||
Waiakea Intermediate School Public6 to 8 | ||
Waiakea High School Public9 to 12 | ||
Connections - New Century Public Charter School CharterK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of RE/MAX Properties, Aaron Lee, License #RS-66535