Island of Hawaii > South Hilo > 27-870 OLD MAMALAHOA HIGHWAY, PEPEEKEO 96783

27-870 OLD MAMALAHOA HIGHWAY, PEPEEKEO 96783

South Hilo | ONOMEA BAY
$4,250,000 FS MLS# 708103 | ACTIVE
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    27-870 OLD MAMALAHOA HIGHWAY, PEPEEKEO 96783

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PROPERTY DESCRIPTION

Kawainui Stream runs down from the slopes of Mauna Kea, and through waterfalls and a perennial flow, empties into the ocean creating a gorgeous beach. This estate encompasses many of those waterfalls, incredible swimming ponds, and the private beach that was created.

Forty acres of land on the coastline of Onomea Bay planted in Hardwood trees with Kawainui gulch, waterfalls, and a river that flows into the ocean comprise this incredible offering. This property represents an outrageous, unique lifestyle with many building sites along the coast with incredible ocean and Hilo coastal views. Located on the Scenic Onomea Bay drive just 10 – 15 minutes from Hilo town, the hospital, university, and all of the conveniences that it enjoys.

Can you imagine being the steward of such an incredible resource on the Hamakua Coast? This is a rare and special property that embodies old Hawaii Nei. The ocean access is an estuary with spawning fish, the cliffs are home to ocean faring birds, the views are limitless.
On this canvas have been planted acres of valuable hardwood trees; African and Honduras Mahogany trees many of which are large enough to be harvested and used onsite or to be sold, there is also Teak and Queensland Maple planted 20 years ago.

The Hilo side of the property is fenced, it is fronted with an Arica Palm hedge and the northern side’s boundary is the gulch on the other side of the waterfalls and river. There is a water well that was installed years ago and could be rejuvenated near the front of the parcel.
The adjacent 40 acre parcel is also listed for sale: tmk # 3-2-7-11-1 for a total of 80 acres of oceanfront land.

Truly this is one of the most special and historic land offerings on the Island of Hawaii.
The possibilities are endless and this acreage calls for a steward of the land to care for and to cultivate this land to it’s highest potential.

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Listed By: Big Island Homes & Land Co., Ltd.

Price $4,250,000 FS
LAND AREA 40.89 ac
Land Tenure Fee Simple
Property Type Land
Annual Tax $200
MLS (Active) 708103
View Ocean, Coastline, Ocean Horizon, Sunrise, Waterfall
Tax Key 3-2-7-10-27
Days On Market 59
Price sq/ft $2.39
Zone A-20A
Previous Price $4,250,000
Roads Paved,County
Assessed Value $2,146,600

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PROPERTY LOCATION

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MLS listing information is deemed reliable but is not guaranteed by the service.

Updated

03/03/2024

LET'S TALK

We are well known along the Kohala Coast for informed and experienced guidance—not only to buyers and sellers but to the development and investor communities as well.

CONTACT US

LET US SHOW YOU THE BIG ISLAND

INQUIRY

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.