$4,256,000

11.5 ocean-view acres in Pepeʻekeo with two updated homes, just north of Hilo along the scenic Old Mamalahoa Highway. The property is made up of two contiguous parcels (TMK 3-2-8-7-83 and 3-2-8-7-84) behind two gated entries, with stream frontage, rich soils, a producing longan orchard, and mature fruit trees on well-kept grounds. Hilo town is 10 minutes away. The first home, 28-1187 Old Mamalahoa Highway, is a 3-bedroom, 3.5-bath with a split floor plan. A large great room with vaulted ceilings opens to a long covered lanai through triple-track glass doors, creating one indoor-outdoor space facing the ocean. Renovations include natural stone flooring, a custom kitchen with quartz countertops, a removable wood island top, high-end appliances, Hardie panel siding, a standing seam metal roof, a rec room, and a solar water heater. A detached 10+ car garage with its own facilities has room for vehicles and farm equipment. A gazebo holds a hot tub with a dedicated on-demand heater for fresh hot water with each use. The second home, 28-1167 Old Mamalahoa Highway, is a two-story 3-bedroom, 3-bath, fully updated in 2020 with Hardie siding, a standing seam metal roof, updated bathrooms and lighting, quality fixtures, and a remodeled kitchen. It has county water, fast internet, underground power, and a grid-tied, net-metered PV system. RS-10 zoning and the County’s new ADU rules may allow subdivision or additional dwellings. Buyer to verify with the County. Each home is also listed individually: 28-1187 is MLS 715103 (TMK 3-2-8-7-83), and 28-1167 is MLS 715205 (TMK 3-2-8-7-84). Back on the market as the previous buyer’s financing did not come through, and the cancellation was unrelated to the property.