For sale

Price cut: $35K (4/21)

$200,000

236 Lyman Ave, Hilo, HI 96720

3beds

1,043sqft

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Single Family Residence

Built in 1977

0.5 Acres Lot

$-- Zestimate^®

$192/sqft

$-- HOA

What's special

Minutes from the beachGenerous layout

This is a leasehold property. Buyer must be on the Hawaiian Homes List with the Department of Hawaiian Homelands to purchase. Located in the heart of Keaukaha, this Leasehold Hawaiian Homestead property is truly a hidden gem. Known for its strong sense of community and close proximity to the ocean, Keaukaha is one of Hilo’s most special and sought-after neighborhoods. Just minutes from the beach and only 15 minutes to downtown Hilo, the location offers the best of island living. This 3-bedroom, 2-bathroom home offers a generous layout with plenty of room to grow. While the condition is below average and will require renovation, it's a great opportunity for someone looking to restore or reimagine a property in a prime location.

328 days

4,461

66

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Features

Flooring: Carpet
Has fireplace: No

Interior area

Total structure area: 1,043
Total interior livable area: 1,043 sqft

Property

Parking

Parking features: Other

Lot

Size: 0.5 Acres
Features: Grassy, Wooded
Topography: Fairly Level

Details

Parcel number: 3210230380000
Zoning: RS-10
Special conditions: Leasehold,Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Double Wall

Condition

Year built: 1977

Utilities & green energy

Sewer: Cesspool
Utilities for property: Electricity Available

Community & HOA

Community

Subdivision: KEAUKAHA RESIDENTIAL LOTS

Location

Region: Hilo

Financial & listing details

Price per square foot: $192/sqft
Tax assessed value: $458,100
Annual tax amount: $200
Date on market: 8/11/2025
Listing terms: Cash,Conventional,Open,VA Loan
Ownership: Full
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$2,818/mo

Price history

Date	Event	Price
4/21/2026	Price change	$200,000-14.9%$192/sqft
Source: HiCentral MLS #202606069 Report a problem
3/23/2026	Price change	$235,000-9.6%$225/sqft
Source: HiCentral MLS #202606069 Report a problem
9/24/2025	Price change	$260,000-13.3%$249/sqft
Source: HiCentral MLS #202517468 Report a problem
8/12/2025	Listed for sale	$300,000$288/sqft
Source: Hawaii Information Service #723322 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$458,100 +15.6%
2024	$2,258 +7.6%	$396,200 +3.7%
2023	$2,099	$381,900
2022	$2,099 +12.7%	$381,900 +11.3%
2021	$1,863 +831.3%	$343,000 +91.7%
2020	$200	$178,900 +3%
2019	--	$173,700 +3%
2018	--	$168,600 +3%
2017	$100	$163,700 +3%
2016	--	$158,900 +3%
2015	--	$154,300 +3%
2014	--	$149,800 +3%
2013	--	$145,400 +3%
2012	--	$141,200 +3%
2011	--	$137,100 +3%
2010	--	$133,100 +3%
2009	--	$129,200 +3%
2008	--	$125,400 +3%
2007	--	$121,800 +3%
2006	--	$118,300 +3%
2005	--	$114,900 +3%
2004	--	$111,600 +3.2%
2003	--	$108,100
2002	--	--
2000	--	--
1999	--	$104,500

Find assessor info on the county website

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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.

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