Hilo Real Estate Search

Hilo Properties under $250,000 for Sale

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Newest Hilo Properties under $250,000 for Sale

$250,000
2 Beds 2 Baths 730724 MLS ['Fee Simple'] Tenure Wainaku Terrace BLDG.
Turnkey Investment Opportunity in Hilo: Active, Fully Furnished Vacation Rental! Maximize your portfolio with this top-floor, corner unit in Wainaku Terrace, currently operating as a successful active vacation rental. This prime investment comes fully furnished and completely refreshed, offering a seamless, guest-ready transition for its next owner. As a coveted corner unit, extra windows frame views of the lush green countryside and fill the open-concept layout with natural light, creating a bright and airy atmosphere that guests love. The thoughtful floor plan features separate bedrooms, including a Master Suite complete with a dedicated vanity space, a large walk-in closet, and direct access to a full bath. Visitors can also relax, sunbathe, and entertain at the common pool area. A comprehensive monthly maintenance fee of $821 covers essential utilities and operations: water, water heating, sewer, refuse, exterior pest control, pool and grounds maintenance, laundry facilities, property management services, building insurance, a resident manager, and reserve funding. Location is key for high occupancy. Wainaku Terrace sits just blocks from Hilo's beautiful Bayfront in Historic Downtown Hilo. Guests are steps away from a vibrant local lifestyle featuring shopping, restaurants, a farmer's market, groceries, museums, banks, medical services, and a public library. The area also offers excellent recreation, including canoe racing, a local surf break, parks, community events, and nightlife. Whether you're looking for a high-performing short-term rental or a personal tropical getaway, this property delivers the ultimate Hilo experience.

360 Kauila St Unit 312, HILO

Listing courtesy of COMPASS.

$249,000
730510 MLS ['Fee Simple'] Tenure
Discover the beauty and serenity of this 12,676 sq ft vacant lot on desirable Akolea Road in Kaumana, where lush natural surroundings meet everyday convenience. Bordering the picturesque Waipahoehoe Stream, this property offers a peaceful setting with the soothing sights and sounds of flowing water creating a truly special island atmosphere. A valuable improvement is already in place with a County water meter installed, helping streamline your future building plans. The generous lot size provides ample space for a custom home, tropical landscaping, gardens, or outdoor living areas designed to embrace Hawai‘i’s year-round beauty. With easy access to two major roadways, enjoy the cooler elevation climate, refreshing trade winds, and the privacy of this sought-after neighborhood, all while being just minutes from Hilo town, schools, shopping, dining, and medical facilities. Nearby waterfalls, hiking trails, and ocean activities offer endless opportunities to enjoy the Big Island lifestyle. Whether you are looking to build your dream home or invest in East Hawai‘i real estate, this streamside property presents a rare opportunity to own a beautiful piece of paradise with natural charm and modern convenience already started. Buyers are encouraged to perform their own due diligence regarding building requirements, utilities, and development potential. Seller will move shipping container upon sale. ++ See property video to appreciate: https://player.vimeo.com/video/1193115533 ++

Akolea Road, HILO

Listing courtesy of Aloha Hawaiian Realty.

$245,000
1 Beds 1 Baths 725692 MLS ['Fee Simple'] Tenure Waiakea Villas BLDG.
Welcome to Waiakea Villas — an apartment complex in the heart of Hilo, set among beautifully landscaped tropical grounds and peaceful waterways. This well-maintained 1-bedroom, 1-bath condo, with soaring cathedral ceilings, offers comfortable living with a spacious layout and excellent natural light throughout. The open living area flows nicely into the kitchen and dining space, creating a warm and inviting atmosphere. Large windows bring in views of palm trees and the surrounding greenery, giving the unit a private and tranquil feel. The bedroom is generously sized, with plenty of space for a king- or queen-sized bed and additional furniture. The full bath is clean and functional, with easy access from the hallway. Enjoy relaxing on your covered lanai overlooking the tropical landscaping — an ideal spot for morning coffee or winding down in the evening. The complex features a swimming pool, on-site laundry facilities, and beautifully maintained walkways surrounded by mature palms and koi ponds. Conveniently located near the University of Hawaiʻi at Hilo, shopping, restaurants, parks, and Hilo’s main commercial district, Waiakea Villas offers a peaceful retreat with excellent accessibility. This fee simple unit is perfect for first-time buyers, investors, or anyone looking for a low-maintenance property in a great location. A wonderful opportunity to own in one of Hilo’s most established condominium communities.

400 Hualani St Unit 3220, HILO

Listing courtesy of Hilo Brokers Ltd.

$210,000
1 Baths 724460 MLS ['Fee Simple'] Tenure Waiakea Villas BLDG.
Affordable Cozy Condo centrally located in Hilo Town. Waiakea Villas is a one of kind space with Beautiful flowering landscaping, water canals stocked with Koi fish water fountains, water falls, ducks, covered walkways and a pool. If you are searching for a living comfortable space in Hilo with all of the amenities look no further for here it is! This super cozy and comfy unit is on the second floor with a good sized lanai facing the Pool. This Condo may only be 380 sqft but it has everything you need for comfort. Unit has so many bonus features including: wood floors, upgraded bathroom and Kitchen, Lots of shelves and storage area and AC. The Coin Operated Laundry facility is on the second level just down the hallway from unit. This complex is close to everything including : Hilo International Airport, Shopping centers, Government Buildings, parks, beaches, medical facilities including Urgent care , Hilo Hospital and so much more. Another huge Bonus Feature is having Wailoa State Park in the complex's back yard which has the infamous Rainbow Bridges, Pavillions as well as walking and Bike Paths. Lots of ducks and Nene Geese can be spotted swimming and walking in the park as well. Wailoa River which runs through the park goes into the Hilo Bay which is minutes from complex. The Waiakea Villas condominium has two parking lots. One is located off Mililani Street close to Buildings 3 and 4 and the other is off Kekuanaoa Street near the Hawaii County Water supply office. Parking is open no designated parking. ** unit is currently being rented long term for $1,490.00. Waiakea Villas currently allows short term rentals and vacation rentals.

400 Hualani St Unit 4224, HILO

Listing courtesy of eXp Realty.

$220,000
1 Baths 720935 MLS ['Leasehold'] Tenure
This is a leasehold property. Orchid Land Surfboards, a beloved fixture in the Big Island surf community for 53 years. Now, for the first time in its history, this beloved institution is being offered for sale. This well-established and locally loved retail business offers a prime bayfront location with high visibility, strong foot traffic, and easy access to parking and neighboring shops. The shop is well-positioned to capture tourist sales with minimal extra investment. The vibrant storefront features a curated selection of surfboards, boogie boards, beachwear, swimwear, accessories, and locally made goods, attracting both residents and visitors who appreciate Hawaii’s surf and beach culture. Orchid Land's original tees are worn with pride across the islands. Step inside and enjoy viewing the walls of memorabilia collected over the years. Founded and operated by Stan Lawrence, he refers to it as his museum. This is more than a business - it's a place people return to, year after year, for boards, gear and connection. Hilo welcomes weekly cruise ships with 2,000+ passengers, plus regular island visitors. Built-in marketing advantage: the shop’s daily surf report, broadcast seven times a day on four local radio stations, includes the store’s name in every update—providing valuable, no-cost exposure to thousands of listeners daily. The familiar voice of the legend himself is heard every day. Sale includes inventory, fixtures, branding, and established vendor relationships. Step right in and ride the wave of Hawaii’s year-round surf lifestyle. An exceptional opportunity for an owner-operator or investor looking to expand in Hawaii’s thriving lifestyle retail market. Untapped online sales potential. The shop is waiting for the right person to launch an online store. Don’t miss this rare chance to own an iconic piece of Big Island surf history. **This is a business sale only and does not include real property.**

262 Kamehameha Ave, HILO

Listing courtesy of Arabel L Camblor Realty.

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