Set on a full acre in the heart of Waiākea Homesteads, this classic Hilo property offers space, character, and a canvas for your next chapter.
Built in 1967, the home carries a timeless feel with rich redwood paneling and hardwood flooring—details that reflect craftsmanship from a different era. With 3 bedrooms and 2 baths, there’s room to live comfortably while making it your own.
Outside, the expansive acreage opens the door to endless possibilities—gardens, outdoor living, or simply enjoying the privacy and natural surroundings. A 2-car carport and an enclosed garage provide flexibility for storage, hobbies, or future use - totaling 980 sq ft of outdoor, covered space.
Properties like this—offering both land and location—don’t come around often. Just minutes from Hilo town, yet with the space to truly breathe.
Sold for $510,000
$510,000
235 Malaai Rd, Hilo, HI 96720
3beds
972sqft
Single Family Residence
Built in 1967
1 Acres Lot
$506,100 Zestimate®
$525/sqft
$2,384 Estimated rent
Home value
$506,100
$425,000 - $607,000
$2,384/mo
Zestimate® history
Owner options
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$2,275/mo
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$2,275/mo
Est. payment
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List your homeWhat's special
Enclosed garageRich redwood panelingExpansive acreageHardwood flooringPrivacy and natural surroundings
Zillow last checked:
Listing updated:
Listed by:
Brendan Alcisto 8084942452,
KW Big Island
Bought with:
Misti R Tyrin, RB-22375
Iokua Real Estate
Source: Hawaii Information Service,MLS#: 728891
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: Range, Range Hood, Refrigerator
Features
- Flooring: Hardwood, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 972
- Total interior livable area: 972 sqft
Property
Parking
- Parking features: Attached, Covered
Features
- Levels: One
- Fencing: Stone
Lot
- Size: 1 Acres
- Features: Grassy
- Topography: Fairly Level
Details
- Parcel number: 3240470140000
- Zoning: A-3A
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1967
Utilities & green energy
- Sewer: Cesspool
- Utilities for property: Electricity Available, Phone Available
Community & HOA
Community
- Subdivision: WAIAKEA HOMESTEADS 2ND SERIES
Location
- Region: Hilo
Financial & listing details
- Price per square foot: $525/sqft
- Tax assessed value: $407,700
- Annual tax amount: $2,425
- Date on market: 4/24/2026
- Listing terms: 1031 Exchange,Cash,Conventional,VA Loan
- Ownership: Full
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Sold | $510,000+3%$525/sqft |
Source:  Hawaii Information Service #728891 Report a problem | ||
| 5/6/2026 | Contingent | $495,000$509/sqft |
Source: Hawaii Information Service #728891 Report a problem | ||
| 4/24/2026 | Listed for sale | $495,000+93.3%$509/sqft |
Source: Hawaii Information Service #728891 Report a problem | ||
| 8/18/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/12/2021 | Listed for rent | $1,369$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 7/7/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/29/2021 | Price change | $1,369+9.5%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/26/2021 | Listed for rent | $1,250$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 11/23/2004 | Sold | $256,100$263/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $407,700 +3% |
| 2024 | $2,355 -0.4% | $395,800 +3% |
| 2023 | $2,363 +3% | $384,300 +3% |
| 2022 | $2,295 +78.6% | $373,100 +171.5% |
| 2021 | $1,285 +5% | $137,400 +5% |
| 2020 | $1,223 | $130,800 +4% |
| 2019 | -- | $125,800 +28.9% |
| 2018 | -- | $97,600 -0.1% |
| 2017 | $870 | $97,700 +3.9% |
| 2016 | -- | $94,000 +7.9% |
| 2015 | -- | $87,100 -0.3% |
| 2014 | -- | $87,400 |
Find assessor info on the county website
Neighborhood: 96720
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Nearby schools
GreatSchools rating
- 8/10Waiakeawaena Elementary SchoolGrades: PK-5Distance: 4 mi
- 6/10Waiakea Intermediate SchoolGrades: 6-8Distance: 4.1 mi
- 9/10Waiakea High SchoolGrades: 9-12Distance: 4.2 mi
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$506,100
2% more
+$10,122
With Zillow Showcase(estimated)
$516,222
- Hawaii
- Hawaii County
- Hilo
- 96720
- 235 Malaai Rd
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