Embrace true old-Hawaii charm with this captivating 1950s Kamaʻāina plantation home in Hilo, Hawaii. Situated on approximately half an acre, this property offers an ultra-rare lifestyle feature: it borders the Hilo Municipal Golf Course, allowing you to walk directly onto the green right from your own backyard. Rich with Hawai'i plantation character and soul, this classic residence is packed with untapped potential and is ready for the right buyer to restore it to its absolute finest glory.
The upper level of the home features 3 bedrooms and 1 full bathroom, retaining the iconic redwood bones of a traditional plantation build. Hidden beneath years of history are original hardwood floors just waiting to be sanded and refinished into a stunning focal point. Downstairs, the highly functional lower level expands your options exponentially. Complete with a flexible living space, a convenient kitchenette, and a half bath, this lower layout is ideal for hosting extended family, creating a dedicated remote work suite. Or perhaps an interior Gym or excess storage area?
While the home does need some cosmetic renovations and restoration to truly shine, it represents a blank canvas in an unbeatable location. Imagine sipping morning coffee in your Kitchen while looking out over manicured fairway greens, or spending your afternoons practicing your swing just steps from your back door. Property opportunities like this along the Hilo Municipal Golf Course are not common- here is your chance to secure your dream home! Just a few minutes away from Hilo Plaza, Target/Walmart and Puainako Shopping Center. Also- take the upper road to reach Hilo Benioff Medical Center or Kaiser in 10-15 minutes! Bring your contractor, your vision, and your love for vintage Hawaiian Homes to check out this Hilo gem today.
***Requires an appointment to enter property, please do not visit without an agent***
For sale
$650,000
491 Iwalani St, Hilo, HI 96720
3beds
1,038sqft
Single Family Residence
Built in 1955
0.46 Acres Lot
$627,600 Zestimate®
$626/sqft
$-- HOA
What's special
Original hardwood floorsFlexible living spaceHalf bathConvenient kitchenetteHalf an acre
- 8 days
- 1,017
- 85
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Michelle A Jimenez 8087691148,
Iokua Real Estate,
Carol A Gristock 808-443-1431,
Iokua Real Estate
Source: Hawaii Information Service,MLS#: 733447
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 1,038
- Total interior livable area: 1,038 sqft
Property
Parking
- Parking features: Attached, Covered
Lot
- Size: 0.46 Acres
Details
- Parcel number: 3240190040000
- Zoning: RS-15
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1955
Utilities & green energy
- Sewer: Cesspool
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: WAIAKEA HOMESTEADS 1ST SERIES
Location
- Region: Hilo
Financial & listing details
- Price per square foot: $626/sqft
- Tax assessed value: $195,500
- Annual tax amount: $266
- Date on market: 10/9/2026
- Listing terms: 1031 Exchange,Cash,Conventional,VA Loan
- Ownership: Full
- Electric utility on property: Yes
Estimated market value
$627,600
$596,000 - $659,000
$2,519/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2026 | Listed for sale | $650,000+73.3%$626/sqft |
Source: | ||
| 7/3/2009 | Listing removed | $375,000$361/sqft |
Source: CENTURY 21 All Islands #222079 Report a problem | ||
| 6/4/2009 | Listed for sale | $375,000-2.6%$361/sqft |
Source: Century 21 #222079 Report a problem | ||
| 5/19/2008 | Listing removed | $385,000$371/sqft |
Source: Homes & Land #192056 Report a problem | ||
| 4/26/2008 | Listed for sale | $385,000$371/sqft |
Source: Homes & Land #192056 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $249 +11.8% | $189,800 +3% |
| 2024 | $223 +9.4% | $184,300 +3% |
| 2023 | $203 -15.2% | $178,900 +3% |
| 2022 | $240 +11.7% | $173,700 +3% |
| 2021 | $215 +7.3% | $168,600 +3% |
| 2020 | $200 | $163,700 +3% |
| 2019 | $200 +33.3% | $158,900 +3% |
| 2018 | $150 -32.8% | $154,300 +3% |
| 2017 | $223 | $149,800 +3% |
| 2016 | -- | $145,400 +3% |
| 2015 | -- | $141,200 +3% |
| 2014 | -- | $137,100 |
Find assessor info on the county website
Monthly payment
Est. payment



