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Hilo Terrace #245 (Hilo)

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Photo 1 of 485 Waianuenue Ave #245, Hilo
Photo 2 of 485 Waianuenue Ave #245, Hilo
Photo 3 of 485 Waianuenue Ave #245, Hilo

485 Waianuenue Ave #245, Hilo

Description
This is a leasehold property. The Fee for this unit is currently available for purchase from the landlord. Renovated move in ready 2 bedroom top floor condo above Hilo Town. Currently licensed as a short term vacation rental. A short walk to Bayfront for shopping, paddling, and the Hilo Town restaurants. On site amenities include: in ground pool, laundry, assigned parking and an on site manager. Furnishings can be sold separately. Monthly maintenance dues cover water, sewer, gas and common area insurance/electric/maintenance. Monthly trash fee currently $23.11.
Past Activity
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $0.65
  • Price / ft²: $230
  • Zoning: CG-20
  • View: Garden
  • Amenities: Dishwasher, Dryer, Gas Cooktop, Microwave, Washer
  • TMK: 3230160660059
  • Tax Assessed Value: $103,000
  • Courtesy: Savio Realty Ltd. - Puna Office / 8087852882
  • MLS: 664664
About Hilo Terrace
  • Address: 485 Waianuenue Ave, Hilo, HI 96720.
     
  • Built: 1963, 100 Units, 2 Bedrooms, 10 2-Story Buildings, 3.5 Acre.
     
  • Amenities: Pool.
     
  • Short-term Vacation Renting: Not Allowed.

Hilo Terrace is a charming condominium complex with a prime location in Hilo. It’s located just moments away from the downtown shopping area, farmer’s market, schools and Hilo Bayfront Beach Park.

Originally a leasehold property, the majority of units have converted to fee simple ownership in early 2025. For added comfort, a resident manager is availa

  ... Read more
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on January 14, 2026.
Other Hilo Terrace Listings
$179,950
Hilo Terrace #241
2 Bds | 1 Ba
695 ft²
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  • Sold 7/31/23 at $160,000
    (List Price: $140,000)
Description
This is a leasehold property. The Fee for this unit is currently available for purchase from the landlord. Renovated move in ready 2 bedroom top floor condo above Hilo Town. Currently licensed as a short term vacation rental. A short walk to Bayfront for shopping, paddling, and the Hilo Town restaurants. On site amenities include: in ground pool, laundry, assigned parking and an on site manager. Furnishings can be sold separately. Monthly maintenance dues cover water, sewer, gas and common area insurance/electric/maintenance. Monthly trash fee currently $23.11.
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on January 14, 2026.
    • Address: 485 Waianuenue Ave, Hilo, HI 96720.
       
    • Built: 1963, 100 Units, 2 Bedrooms, 10 2-Story Buildings, 3.5 Acre.
       
    • Amenities: Pool.
       
    • Short-term Vacation Renting: Not Allowed.

    Hilo Terrace is a charming condominium complex with a prime location in Hilo. It’s located just moments away from the downtown shopping area, farmer’s market, schools and Hilo Bayfront Beach Park.

    Originally a leasehold property, the majority of units have converted to fee simple ownership in early 2025. For added comfort, a resident manager is availa

      ... Read more
    Other Hilo Terrace Listings
    $179,950
    Hilo Terrace #241
    2 Bds | 1 Ba
    695 ft²
     
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, our network of agents can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
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    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
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