Tropical Investment Opportunity in Lower Waiakea - Dual Home. Property with active STVR! Located in the serene and private subdivision off of Stainback. Hwy. This 1.1375 acre estate offers a rare blend of investment potential and Island charm. Located in a well-established subdivision with underground electricity and county water, this lush retreat is minutes from Hilo's conveniences while feeling like a private sanctuary. Within the spacious yard there are several fruit trees avocado, rambutan, Kukui nut, citrus & mango. At the heart of the property is the primary residence, a spacious two story home featuring 4 bedrooms and 3 bathrooms. The expansive open beam ceiling and skylights enhance the airy, open feel of the living spaces, filling them with natural light. Beautiful slate flooring in the living room and hallway. Let’s not forget the screened in lanai with breathtaking rainforest views- perfect for unwinding. The interior of up and downstairs has been freshly painted. This home has a solar water heater making it energy efficient. Adding to the appeal is a thriving income generating short term rental. This ohana / STVR accommodates 4-6 guests comfortably with 2 bedrooms & 1 bath and comes with everything needed to enjoy Hawaii's outdoor adventures. With ample parking and a proven track record of success, this turn key rental offers immediate income potential for investors looking to maximize returns in Hilo's desirable market.
Tucked into a small private community in the heart of the Panaewa rain forest, yet a quick five-minute drive from Hilo (or Keaau), you‘ll find this delightful home greeting you with orchids, flowers, fruit trees, and waving palms – everything you might desire in a Hawaiian home. It begins with the lava bubble at the entry, a rare treat and tall enough to stand in. The trade winds cool the house and set the trees dancing above you. Floor to ceiling views of the gardens invite you to enjoy a glass of wine or a cup of tea on the lanai. Enjoy the special feeling of picking a lemon off the tree just as you need it for the mahi-mahi on the grill, or a lime for your evening cocktail. How about picking avocados in the yard for a fresh batch of guacamole? Inside the house, the large and unique floor plan of the kitchen provides more than ample storage and workspace for the family chef. The master bedroom offers a walk-through closet and plenty of space for your island wardrobe. The finished walk-out basement offers expanded room possibilities for your family and guests with its wet bar and full bathroom, while the covered patio is the perfect space for grilling. The separate cottage, which has it's own cesspool, is spacious and would be the perfect office, studio, or additional guest quarters. The combination of location, practicality, and charm creates a unique comfort. The property has county water is fenced and is a botanical delight! * * Fireplaces may not be operable.
HI Information Service #288843
Mar 1, 2016
Listing Removed
—
Oct 21, 2015
Listed
$514,900
$116/sq ft
HI Information Service #278022
Oct 16, 2014
Listed
$495,000
$112/sq ft
Public Records
Dec 11, 2002
Sold
$405,000
$91/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,750 (+3.1%)
$177,100 + $475,100
$652,200
2024
$2,667 (+0.9%)
$177,100 + $456,100
$633,200
2023
$2,643 (−1.6%)
$177,100 + $456,100
$633,200
2022
$2,687 (+4.1%)
$177,100 + $437,700
$614,800
2021
$2,580 (+4.2%)
$177,100 + $419,800
$596,900
2020
$2,476 (+4.1%)
$177,100 + $402,400
$579,500
2019
$2,379 (−5.9%)
$177,100 + $385,500
$562,600
2018
$2,528 (+1.7%)
$181,200 + $365,700
$546,900
2017
$2,485 (−40.6%)
$181,600 + $349,400
$531,000
2016
$4,182 (+122.1%)
$181,600 + $342,500
$524,100
2014
$1,883 (+4.2%)
$115,800 + $310,400
$426,200
2013
$1,807 (+15.6%)
$115,800 + $310,400
$426,200
2012
$1,563
$115,800 + $298,000
$413,800
Tax history for 173 Opio Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,750 (+3.1%)
$177,100 + $475,100
$652,200
2024
$2,667 (+0.9%)
$177,100 + $456,100
$633,200
2023
$2,643 (−1.6%)
$177,100 + $456,100
$633,200
2022
$2,687 (+4.1%)
$177,100 + $437,700
$614,800
2021
$2,580 (+4.2%)
$177,100 + $419,800
$596,900
2020
$2,476 (+4.1%)
$177,100 + $402,400
$579,500
2019
$2,379 (−5.9%)
$177,100 + $385,500
$562,600
2018
$2,528 (+1.7%)
$181,200 + $365,700
$546,900
2017
$2,485 (−40.6%)
$181,600 + $349,400
$531,000
2016
$4,182 (+122.1%)
$181,600 + $342,500
$524,100
2014
$1,883 (+4.2%)
$115,800 + $310,400
$426,200
2013
$1,807 (+15.6%)
$115,800 + $310,400
$426,200
2012
$1,563
$115,800 + $298,000
$413,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
5
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
1.14 Acres
Year renovated
1971
Sq. Ft.
3,264
Year built
1971
Style
Single Family Residential
County
Hawaii County
APN
3240180050000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 17, 2026.
A-3A
Agricultural District - 3 Acres
The A (agricultural) district provides for agricultural and very low density agriculturally-based residential use, encompassing rural areas of good to marginal agricultural and grazing land, forest land, game habitats, and areas where urbanization is not found to be appropriate. A-3a is an agricultural district with a minimum building site area of 3 acres.
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Greenhouse / nursery
Livestock production
Housing-Group
Housing-Single unit
Kennel
Veterinary clinic
Agriculture-Cropland
Agriculture-Pastureland
Property details
Parking
Parking
Features: Unassigned
Interior
Bathroom Information
# of Bathrooms (Total): 5
# of Full Bathrooms: 5
Interior Features
Flooring: Carpet
Exterior
Land Information
Agriculture Dedicated YN: No
Lot Information
Land Tenure: Fee Simple
Lava Zone: 3
Zoning: A-3A
Property Information
Ownership: Full
Financial
Assessment
Assessed Value: $633,200
Tax Information
Home Exemption Amount: $185,000
Annual Amount: $2,666.79
Tax Year: 2024
Lease Information
In Use As Short Term Vacation Rental: Yes
Utilities
Utility Information
Utilities: Electricity Available
Sewer: Cesspool
Solid Waste Disposal: None
Location
Location Information
Roads: Paved
Public facts
Beds: 5
Baths: 4.0
Sq. Ft.: 3,264
Stories: 1.0
Lot Size: 1.14 acres
Style: Single Family Residential
Year Built: 1971
Year Renovated: 1971
County: Hawaii County
APN: 3240180050000
Home facts updated by county records on Jul 17, 2026
Around this home
Schools
Waiakeawaena Elementary School
Public PreK-5 • Assigned • 1.6mi
8/10
Waiakea Intermediate School
Public 6-8 • Assigned • 2.5mi
6/10
Waiakea High School
Public 9-12 • Assigned • 2.7mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
Fire Factor
We're working on getting current and accurate fire risk information for this home.
Heat Factor
We're working on getting current and accurate heat risk information for this home.
Wind Factor
We're working on getting current and accurate wind risk information for this home.
1/10 Air Factor
Minimal risk of unhealthy air over next 30 years
Provided by First Street
Historical weather
Hilo, HI • 96720
Average low and high temperatures (°F)
78
64
77
63
78
65
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66
79
66
80
68
81
68
82
68
82
68
81
68
79
66
79
64
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 6.8 hours in
June and 5 hours in December, placing it below the
U.S. average for solar exposure.
6.8 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$969,000 – $1.17M
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