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For sale
  • $650,000

    491 Iwalani St, Hilo, HI 96720

    3beds
    1,038sqft
    : 
    $4,365/mo
    Get pre-qualified
    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
    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***
    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#: 733447MLS Logo

      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

        DateEventPrice
        10/9/2026Listed for sale$650,000+73.3%$626/sqft
        Source: Hawaii Information Service #733447 Report a problem
        7/3/2009Listing removed$375,000$361/sqft
        Source: CENTURY 21 All Islands #222079 Report a problem
        6/4/2009Listed for sale$375,000-2.6%$361/sqft
        Source: Century 21 #222079 Report a problem
        5/19/2008Listing removed$385,000$371/sqft
        Source: Homes & Land #192056 Report a problem
        4/26/2008Listed for sale$385,000$371/sqft
        Source: Homes & Land #192056 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

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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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 96720

        Getting around

        23 / 100
        Car-Dependent
        24 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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