Opportunity, Opportunity, Opportunity! Beautiful One-of-a-Kind Property with so many possibilities on 5.53 acres with breath taking ocean views. This home was built with tropical living in mind, with a lanai that wraps around most of the 2nd story and equal lanai space on the main floor. Living area alone is 3,537-sf PLUS a 3,584-sf warehouse with 4 garage doors offering endless uses....mega storage, workshop. And to add to its value, this property is Zoned RS-10.
There are a total of FIVE (5)-master bedrooms and 2-1/2 baths, including 2 master bedrooms and a large family/recreational room upstairs with a spacious lanai to take in the ocean views!
A spacious chef’s delight kitchen with custom African mahogany and eucalyptus cabinets, corian counter tops, 2 dish washers, cook top and microwave/oven combination. This kitchen, dining and living space are perfect for those who love to entertain large parties or intimate gatherings.
A PhotoVoltaic system with 132 panels (X 280 watts)=36,980 watts utilizing state of the art technology system and has a 20-yr PhotoVoltaic FIT metering (transferable) contract with HELCO at approximately $1,000./mo income from 1/1/13 to 12/31/2032. 75 additional PV panels for house use on NET metering, making your electric bill minimal. In total:$500,000 + owner investment in state of the art PV systems. There is also a 3rd backup PV system that provides for uninterrupted service in case of power failure.
The property also has 6 enclosed plastic catchment tanks for a total of 16,000-gal.
The owners also installed two 1-1/2” pipe in the brand new concrete driveway, in preparation for County water connection.
Tear-drop designed landscaping with electrical and plumbing installed for lighting & sprinkler.
Banana orchard PLUS a variety of citrus, rambutan, durian & much more.
A primary residence or a Bed and Breakfast, shown by appointment only!
Hilo town, the hub of the South and North Hilo districts, was once a thriving port for the sugar cane industry. Today it is the Hawaii County Seat and home of the island's major state and federal offices, a modern international airport, Hilo Medical Center, the University of Hawaii-Hilo, and state-of-the-art Imiloa Astronomy Center.
Although Hilo is not an incorporated city, it is the second-largest population center in the state with over 40,000 residents according to the 2000 census. Hilo also has an array of commerce and entertainment offerings--boutiques and galleries, big box stores, restaurants, museums, and several hotels.
The historic Bayfront area, though impacted by major tsunamis in 1946 and 1960, is still a center of economic and cultural activity, including a weekly farmers market, Palace Theatre events and the annual Black & White Night, Merrie Monarch, and Ho'olaule'a festivals.
Embracing the town's reputation as "the rainiest city in America", Hilo residents have a certain pride about East Hawaii's weather and enjoy a different flavor of Hawaii life than their neighbors on the dry west side. The Big Island’s famed greenery, tropical fruits and flowers, trees, ferns, forests, and farms all require reliable rainfall to thrive. Water is so important to life in Hawaii that waiwai (the word for "water", doubled) translates as "assets, valuable, wealth, rich, worth and benefit."
As is true for much of the Big Island, Hilo real estate is a mixed market, with upscale custom homes and fixer-upper "opportunity" properties, condos, vacation residences, private estates and oceanfront property. A knowledgeable Clark Realty agent can guide you to the best Hilo property for your needs.