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Sold for $2,400,000
  • $2,400,000

    286 Kaiulani St, Hilo, HI 96720

    3beds
    2,696sqft
    Single Family Residence
    Built in 2002
    2.25 Acres Lot
    $2,391,700 Zestimate®
    $890/sqft
    $3,134 Estimated rent

    Home value

    $2,391,700

    $2.15M - $2.63M

    $3,134/mo

    Zestimate® history
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    What's special

    Zen energyTropical magicRain forest
    Built on the edge of a bluff adjacent to a double 25-ft. waterfall on the Wailuku River, the famed retreat Falls at Reeds Island is a complex mix of tropical magic, zen energy, solitude, and modernism. Surrounded by state and conservation land, at the edge of the property another 85-ft. waterfall cascades into the 700-ft. of river frontage. The home is a work of art with the closeup views of the falls and natural rainforest prevailing from every room. The minimalist interiors of 2,696 sq.ft. complement the environment and vice versa. Built of Port Orford, OR cedar and supported by locally sourced ‘Ohia post, a long breezeway entry screened from floor to ceiling connects the homes 3 living pavilions. The late San Francisco architect David Morton created this vertical structure to meet the physical challenges of the 2.249 ac. long, narrow parcel bordered by 2 gulches, the rain forest and the river with the result being a home of distinction hailed in the NY Times as well as multiple award-winning travelsites with 5-star ratings for this successful vacation rental. Known as Koloiki, Reed’s Island is a 26-ac. enclave shaped by the Wailuku River, the largest in the state. Once home to Hawaiian royalty, Koloiki was sold by King Kamehameha IV to William Reed in 1861. Accessible by a small bridge, Reed’s Island is situated just 1 mile from historic Hilo but feels like a time capsule of Old Hawaii. In a bygone era, this neighborhood was where the local affluent families built their homes. Hilo is the last place of the 4 larger islands still free of the pressure of rapid expansion and famous for its rainfall and lush jungle vegetation. The guest population is a resourceful and adventurous breed looking for a true retreat, an escape to solitude and natural beauty set in a town of socio and ethnic diversity with a strong scientific and cultural community. This estate located at the very end of the island's only road, is the most prestigious and privileged setting on the island.

    Zillow last checked:

    Listing updated:

    Listed by:

    Rebecca J. Hirsch-Keliihoomalu 8088951156,

    COMPASS

    Bought with:

    Rebecca J. Hirsch-Keliihoomalu, RB-19834

    COMPASS

    Source: Hawaii Information Service,MLS#: 668254MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Other, Range, Range Hood, Refrigerator, Washer
    • Laundry: Front Load
    Features
    • Built-in Features, Enclosed Lanai, High Ceilings, See Remarks
    • Flooring: Concrete, Other
    • Windows: Blinds, Skylight(s)
    • Has fireplace: No
    Interior area
    • Total structure area: 2,696
    • Total interior livable area: 2,696 sqft

    Property

    Parking
    • Parking features: Unassigned
    Accessibility
    • Accessibility features: ADA Accessible
    Features
    • Exterior features: Lighting, See Remarks
    • Pool features: Other
    • Fencing: Chain Link,Other,Stone
    • Has view: Yes
    • View description: Forest, Garden, Other, River, Waterfall
    • Has water view: Yes
    • Water view: River,Waterfall
    • Waterfront features: River Front
    • Frontage type: Other,River
    Lot
    • Size: 2.25 Acres
    • Features: Cleared, Corner Lot, Cul-De-Sac, Dead End, Grassy, Landscaped, Rim Lot, Rocky, See Remarks, Wooded
    • Topography: Gentle Slope,Other (remarks),Rolling Terrain,Terraced
    Details
    • Parcel number: 3230260020000
    • Zoning: RS-15
    • Special conditions: Fee Simple,Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Concrete, Double Wall
    Condition
    • Year built: 2002

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Phone Available, Underground Utilities, Water Available

    Community & neighborhood

    Security
    • Security features: None, See Remarks, Smoke Detector(s)
    Community
    • Community features: See Remarks
    Location
    • Region: Hilo
    • Subdivision: REEDS ISLAND

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional
    • Ownership: Full
    • Road surface type: Paved

    Price history

    DateEventPrice
    8/2/2023Sold$2,400,000-3.8%$890/sqft
    Source: Hawaii Information Service #668254 Report a problem
    7/4/2023Contingent$2,495,000$925/sqft
    Source: Hawaii Information Service #668254 Report a problem
    5/30/2023Listed for sale$2,495,000+185.1%$925/sqft
    Source: Hawaii Information Service #668254 Report a problem
    11/7/2003Sold$875,000+212.5%$325/sqft
    Source: Public Record Report a problem
    4/13/1999Sold$280,000+12%$104/sqft
    Source: Public Record Report a problem
    1/17/1996Sold$250,000$93/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $1,539,100 +3.1%
    2024$16,563 +21.8%$1,492,200 +21.8%
    2023$13,594 $1,224,700
    2022$13,594 +17.7%$1,224,700 +17.7%
    2021$11,546 +32.3%$1,040,200 +32.3%
    2020$8,725 $786,000 -4.2%
    2019-- $820,400 +2.7%
    2018-- $798,600 +1.6%
    2017-- $785,700 +0.3%
    2016-- $783,400 -1.3%
    2015-- $793,600 -0.2%
    2014-- $795,000

    Find assessor info on the county website

    Neighborhood: 96720

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
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    $2,391,700
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    +$47,834
    With Zillow Showcase(estimated)
    $2,439,534