** ACCEPTING Backup offers**
LOCATION, LOCATION, LOCATION! Ideally situated in the heart of Hilo, this beautifully renovated and fully furnished 5-bedroom, 2-bath residence offers exceptional convenience just minutes from the Hilo Medical Center, schools, parks, shopping, dining, and everyday essentials. Whether you are seeking an investment opportunity, a multi-generational living arrangement, or a spacious place to call home, this versatile property offers outstanding flexibility and potential.
The upper level features a bright open-concept layout with laminate flooring throughout the main living areas, along with 3 bedrooms and 1 full bath. Step onto the expansive covered lanai and enjoy distant ocean horizon views, the perfect setting for morning coffee, sunset relaxation, or entertaining guests. The kitchen is both stylish and functional, featuring butcher block countertops, floating wood shelving, and seamless flow into the spacious living area.
The lower level includes a large enclosed basement with 2 additional bedrooms, 1 full bath, and a kitchen, providing excellent options for extended family, guests, or potential rental income.
With RM-1 zoning, the property may offer opportunities for multifamily use or a hosted vacation rental, subject to County regulations and approval.
Being sold turnkey and fully furnished, this move-in-ready home is ready for immediate occupancy or income-producing use in one of Hilo’s most desirable in-town locations.
Click on the video icon or copy and paste https://show.tours/v/rj3PTWj
Under contract
$778,000
20 Alae St, Hilo, HI 96720
5beds
3,394sqft
Single Family Residence
Built in 1940
6,660 Square Feet Lot
$775,500 Zestimate®
$229/sqft
$-- HOA
What's special
Distant ocean horizon viewsLarge enclosed basementBright open-concept layoutButcher block countertopsExpansive covered lanaiFloating wood shelving
- 37 days |
- 278 |
- 11 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jade Halama 8084399433,
Hokulani Realty LLC
Source: Hawaii Information Service,MLS#: 730224
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: Dryer, Microwave, Range, Refrigerator, Washer
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 3,394
- Total interior livable area: 3,394 sqft
Video & virtual tour
Property
Parking
- Parking features: Other
Features
- Levels: Two
- Has view: Yes
- View description: Ocean Horizon
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 6,660 Square Feet
- Features: Grassy
- Topography: Fairly Level
Details
- Parcel number: 3230160480000
- Zoning: RM-1
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Single Wall, Wood Frame
Condition
- Updated/Remodeled
- Year built: 1940
Utilities & green energy
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Connected
Community & HOA
Community
- Subdivision: HALAI TRACT
Location
- Region: Hilo
Financial & listing details
- Price per square foot: $229/sqft
- Tax assessed value: $352,800
- Annual tax amount: $4,127
- Date on market: 5/21/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Ownership: Full
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$775,500
$737,000 - $814,000
$2,757/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Contingent | $778,000$229/sqft |
Source:  Hawaii Information Service #730224 Report a problem | ||
| 5/21/2026 | Listed for sale | $778,000+54.1%$229/sqft |
Source: Hawaii Information Service #730224 Report a problem | ||
| 7/12/2024 | Sold | $505,000-3.8%$149/sqft |
Source: Hawaii Information Service #711030 Report a problem | ||
| 6/10/2024 | Listed for sale | $525,000$155/sqft |
Source: Hawaii Information Service #711030 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $564,500 +52.9% |
| 2024 | $4,320 +4.6% | $369,200 +4.6% |
| 2023 | $4,128 | $352,800 |
| 2022 | $4,128 +12.4% | $352,800 +12.4% |
| 2021 | $3,673 -1.7% | $313,900 -1.7% |
| 2020 | $3,735 | $319,200 +3% |
| 2019 | -- | $309,800 +6.4% |
| 2018 | -- | $291,200 +2.3% |
| 2017 | $2,374 | $284,600 +11.9% |
| 2016 | $2,374 | $254,300 +5.4% |
| 2015 | $2,374 | $241,300 +0.6% |
| 2014 | $2,374 | $239,800 +2.9% |
| 2013 | -- | $233,000 |
| 2012 | -- | $233,000 -3.3% |
| 2011 | -- | $241,000 +0.5% |
| 2010 | -- | $239,700 +89.3% |
| 2008 | -- | $126,600 +3% |
| 2007 | -- | $122,900 +3% |
| 2006 | -- | $119,300 +3% |
| 2005 | -- | $115,800 +3% |
| 2004 | -- | $112,400 +3.6% |
| 2003 | -- | $108,500 +67.2% |
| 2002 | $282 -70.3% | $64,900 |
| 2000 | $949 | -- |
| 1999 | -- | $102,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 96720
Nearby schools
GreatSchools rating
- 8/10Hilo Union Elementary SchoolGrades: PK-6Distance: 0.1 mi
- 8/10Hilo Intermediate SchoolGrades: 7-8Distance: 0.2 mi
- 6/10Hilo High SchoolGrades: 9-12Distance: 0.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Hawaii
- Hawaii County
- Hilo
- 96720
- 20 Alae St
Nearby cities
Nearby zip codes
Other Hilo Topics
