272 Lama St, Hilo, HI 96720 (MLS # 725751)

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View Virtual Tour PRICE $1,349,000 BEDS 9 BATHS 5 HOME SIZE 5,208 sqft LOT SIZE n/a Request More Info Schedule a Showing

Welcome to 272 Lama Street, together with the additional dwelling known as 460 Awa Street"”a rare corner property near Nani Mau Gardens offering approximately 2.72 acres of usable land. County records reflect two residential buildings totaling 9 bedrooms and 5 baths, with approximately 5,208 sq. ft. of living area. The larger residence includes 5 bedrooms and 3 baths, while the secondary residence includes 4 bedrooms and 2 baths, offering exceptional flexibility for multi-generational living, guest accommodations, home-based business use, gardening, farming, and recreation. Thoughtful improvements have been completed throughout the property following a recent pre-listing inspection. The main residence features interior & exterior repainting, roof & eave repainting, refreshed accent walls, updated fixtures, GFCI electrical upgrades in multiple areas, screened openings, walkway improvements, and a new exterior railing installed in August 2026. The secondary dwelling has also benefited from substantial improvements, including new vinyl flooring, interior & exterior paint, roof & eave repainting, updated fixtures, a new entry railing, patio improvements, new screens, plumbing and electrical repairs, and GFCI upgrades in the kitchen & bath areas. In August 2026, approximately 180 feet of water line was replaced from the T near the greenhouse/loading dock to the area by the rear dwelling. With two homes, three assigned street addresses, generous open space, and a convenient Panaewa location just minutes from Hilo town, shopping, schools, and parks, this property presents a unique opportunity with exceptional space and versatility.