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Sold for $397,000
  • $397,000

    15-899 Punawai St, Pahoa, HI 96778

    5beds
    1,968sqft
    Single Family Residence
    Built in 1991
    0.43 Acres Lot
    $393,400 Zestimate®
    $202/sqft
    $2,685 Estimated rent

    Home value

    $393,400

    $330,000 - $464,000

    $2,685/mo

    Zestimate® history
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    What's special

    Paved county-maintained roadsVaulted ceilings
    TWO HOMES - HUGE PRICE IMPROVEMENT. A rare legal ohana opportunity in the Hawaiian Shores oceanside community—featuring two fully permitted homes on an expansive @19,000 sq. ft. lot. Ideally positioned on a quiet, low-traffic section of Punawai Avenue in the upper (mauka) portion of the subdivision, this property offers both privacy and convenience. Enjoy being just minutes (approx. 7-minute drive) from Pāhoa Village for shopping, dining, and everyday essentials, as well as Waiakahiʻula Beach Park for oceanfront recreation. The property is equipped with piped water (no catchment), high-speed internet, and mail delivery, plus paved, county-maintained roads. No HOA or CC&Rs provide added flexibility. The front home offers 3 bedrooms, 2 full baths, vaulted ceilings, and 1,140 sq. ft. of living space. The second home features 2 bedrooms, 1 full bath, and 864 sq. ft. of living space. Both homes have covered carports of 400 sq. ft. Meticulously maintained, fully fenced, and gated, the property also includes separate water and electric meters for each home—ideal for multi-generational living or rental income. Whether you're seeking a flexible living arrangement or a strong investment opportunity, this unique two-home property delivers.

    Zillow last checked:

    Listing updated:

    Listed by:

    K. Aaron Kapp 8083334342,

    Hilo Bay Realty LLC

    Bought with:

    Galyn Williams, RS-66905

    Hilo Bay Realty LLC

    Source: Hawaii Information Service,MLS#: 725072MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Features
    • Flooring: Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 1,968
    • Total interior livable area: 1,968 sqft

    Property

    Parking
    • Parking features: Attached, Covered
    Features
    • Fencing: Chain Link
    Lot
    • Size: 0.43 Acres
    Details
    • Parcel number: 3151010050000
    • Zoning: A-1A
    • Special conditions: Fee Simple,Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Year built: 1991

    Utilities & green energy

    • Sewer: Cesspool
    • Water: Private
    • Utilities for property: Cable Available, Electricity Available, Phone Available

    Community & HOA

    Community
    • Subdivision: HAWAIIAN SHORES SUBDIVISION
    Location
    • Region: Pahoa

    Financial & listing details

    • Price per square foot: $202/sqft
    • Tax assessed value: $278,100
    • Annual tax amount: $1,654
    • Date on market: 12/16/2025
    • Listing terms: Cash,Conventional
    • Ownership: Full
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/28/2026Sold$397,000$202/sqft
    Source: Hawaii Information Service #725072 Report a problem
    4/17/2026Contingent$397,000$202/sqft
    Source: Hawaii Information Service #725072 Report a problem
    4/16/2026Price change$397,000-11.6%$202/sqft
    Source: Hawaii Information Service #725072 Report a problem
    1/16/2026Price change$449,000-4.5%$228/sqft
    Source: Hawaii Information Service #725072 Report a problem
    12/24/2025Listed for sale$470,000$239/sqft
    Source: Hawaii Information Service #725072 Report a problem
    12/24/2025Contingent$470,000$239/sqft
    Source: Hawaii Information Service #725072 Report a problem
    12/16/2025Listed for sale$470,000$239/sqft
    Source: Hawaii Information Service #725072 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $278,100 +3%
    2024$1,607 -0.3%$270,000 +3%
    2023$1,612 +3%$262,100 +3%
    2022$1,565 +3%$254,500 +3%
    2021$1,520 +3%$247,100 +3%
    2020$1,475 +3%$239,900 +3%
    2019$1,432 +6.1%$232,900 +3%
    2018$1,350 +3%$226,100 +3%
    2017$1,311 $219,500 +3%
    2016-- $213,100 +3%
    2015-- $206,900 -14.2%
    2014-- $241,100
    2000$1,199 --
    1999-- $141,100
    Find assessor info on the county website

    Neighborhood: 96778

    Nearby schools

    GreatSchools rating
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    $393,400
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    +$7,868
    With Zillow Showcase(estimated)
    $401,268