2336 Kalanianaole St, Hilo, HI 96720 (MLS # 734406)

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View Virtual Tour PRICE $1,995,000 BEDS 6 BATHS 4 HOME SIZE 3,085 sqft LOT SIZE 20,000.00 ac Request More Info Schedule a Showing

Rare opportunity to own two beautifully remodeled homes on one property, directly across the street from one of Hilo's most beloved oceanfront snorkeling destinations, Richardson Beach Park! Currently operating as successful vacation rentals, they offer an attractive combination of island living, flexibility, and income potential. A unique feature of the property is its large pond, offering the possibility of a refreshing swimming spot or transformation into a spectacular koi pond. Tropical surroundings, ocean views, and generous lanais create the perfect setting to relax and enjoy Hawaiʻi living. The larger home, approximately 1,984 square feet, features soaring windows that welcome natural light and capture the beauty of its coastal setting. Two bedrooms are located on the main level, while the loft-style primary suite offers a private retreat complete with a luxurious, spa-sized shower. A dedicated ocean-view lanai provides the perfect spot for morning coffee or evening relaxation. This home is gated and fenced, with abundant storage and ample covered parking beneath the residence. The charming rear home, approximately 1,101 square feet, offers two bedrooms plus an additional lower-level room and bathroom that may provide an opportunity for separate rental use. Newer luxury vinyl flooring, granite countertops, air conditioning, and expansive windows enhance the inviting interior. Enjoy views across the pond toward Richardson's from the comfort of your home or ocean-facing lanai. Both residences have been thoughtfully remodeled and feature granite countertops, air conditioning, and inviting outdoor living spaces. Whether you're looking for a multigenerational retreat, an investment with established vacation rental activity, or the opportunity to live in one home while generating income from the other, this exceptional property offers remarkable versatility.