235 Malaai Rd

972 Sq. Ft.
$509 / Sq. Ft.
972
Sq. Ft.
$509
per Sq. Ft.

Description

Set on a full acre in the heart of Waiākea Homesteads, this classic Hilo property offers space, character, and a canvas for your next chapter. Built in 1967, the home carries a timeless feel with rich redwood paneling and hardwood flooring—details that reflect craftsmanship from a different era. With 3 bedrooms and 2 baths, there’s room to live comfortably while making it your own. Outside, the expansive acreage opens the door to endless possibilities—gardens, outdoor living, or simply enjoying the...Set on a full acre in the heart of Waiākea Homesteads, this classic Hilo property offers space, character, and a canvas for your next chapter. Built in 1967, the home carries a timeless feel with rich redwood paneling and hardwood flooring—details that reflect craftsmanship from a different era. With 3 bedrooms and 2 baths, there’s room to live comfortably while making it your own. Outside, the expansive acreage opens the door to endless possibilities—gardens, outdoor living, or simply enjoying the privacy and natural surroundings. A 2-car carport and an enclosed garage provide flexibility for storage, hobbies, or future use - totaling 980 sq ft of outdoor, covered space. Properties like this—offering both land and location—don’t come around often. Just minutes from Hilo town, yet with the space to truly breathe.
  1. Listed by Brendan Alcisto • License #RS-83746 • Brokerage DRE #RB-23793 • KW Big Island
    P: (808)-494-2452 C: (808)-494-2452 brendan.alcisto@kw.com

Property Details for 235 Malaai Road

Waterfront
No
Subdivision Name
WAIAKEA HOMESTEADS 2ND SERIES
Zoning
A-3A
LISTING UPDATED: 04/24/2026 08:14 AM

Property Details for 235 Malaai Road

StatusActive
MLS #728891
Days on Market10
Taxes$2,426 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1967
Lot Size1.00 AC / 43,604 SF
CountyHawaii County

Location

Listing Courtesy of KW Big Island, Brendan Alcisto, License #RS-83746
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Building Information for 235 Malaai Road

Stories-Year Built1967Building Size-Lot Size1.00 AC / 43,604 SF

Payment Calculator

$2,695 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,493

Property Taxes

$202

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 235 Malaai Road

Summary
Location and General Information
  • Flood Zone: X
  • Lava Zone: 3
  • Directions: From Hilo, start on Komohana St towards Ainaola Dr. Turn RIGHT on Ainaloa Dr, slight RIGHT on Hoaka Rd, turn LEFT on Malaai Rd. The property will be on the LEFT, look for For Sale sign.
  • Topography: Fairly Level
  • Latitude: 19.65464241
  • Longitude: -155.12171819
  • Year Built: 1967
  • Roads: County, Paved
Taxes and HOA
  • Association Fee Frequency: Monthly
  • Tax Year: 2025
  • Association Fee: $0
  • Tax Annual Amount: $2,426
  • Tax Assessed Value: 407700.0
  • Parcel Number: 3-2-4-47-14
  • Tax key: 324047014
  • Tax Lot: 2
Parking
  • Carport Area: 540
  • Garage Area: 440
  • Carport Area Units: Square Feet
  • Garage Area Units: Square Feet
  • Parking Features: Attached, Covered
Property
Lot Information
  • Lot Size Units: Square Feet
  • Property Attached: No
  • Living Area Units: Square Feet
  • Other Building Area Units: Square Feet
  • Roofed Area Units: Square Feet
  • Lot Features: Grassy
  • Land Tenure: Fee Simple
  • Living Area: 972.0
  • Lot Size Area: 43604.0
Property and Assessments
  • Special Assessment Amount Frequency: Monthly
  • Assessment Year: 2025
  • Covenants Conditions Restrictions: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Agriculture Dedicated: No
Utilities
  • Water Heater: Electric
  • Sewer: Cesspool
  • Solid Waste Disposal: County-Charge
  • Utilities: Electricity Available, Phone Available
Interior and Exterior Features
Exterior Features
  • Exterior Area Units: Square Feet
  • Pool: No
  • Fencing: Stone
  • Structures: Yes
Interior Features
  • Levels: One
  • Elevation Units: Feet
  • Bathrooms Total: 2
  • Appliances: Range, Range Hood, Refrigerator
  • Flooring: Hardwood, Vinyl
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 3
Rental
Rental Information
  • Leasable Area Units: Square Feet

Property History for 235 Malaai Road

DateEvent & SourcePriceAppreciation
Apr 24, 2026

Listed (Active)

HIS #728891

$495,000
Nov 26, 2004

Sold

HIS #132105

$256,070
Oct 30, 2004

Sold (Public Record)

Public Record #147100405

$256,070
DateEvent & SourcePrice
04/24/2026

Listed (Active)

HIS #728891

$495,000
11/26/2004

Sold

HIS #132105

$256,070
10/30/2004

Sold (Public Record)

Public Record #147100405

$256,070

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 235 Malaai Road

Taxable ValueLand$260,100Additions$171,800Total$431,900
Tax Record2025$2,426 ($202 / month)
Home Facts
Beds3Baths2Total Finished SqFt972 SqFtAbove Grade Finished SqFt972 SqFtStories1Lot Size43,604 SqFtStyleSingle Family ResidenceYear Built1967ZoningA-3ACountyHAWAIIAPN240470140000

Schools near 235 Malaai Road

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - PK to 9
Rating
School
Distance
Waiakeawaena Elementary School
PublicPK to 5

Waiakea Intermediate School
Public6 to 8

Waiakea High School
Public9 to 12

Kua O Ka La - Public Charter School
CharterPK to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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235 Malaai Road is a single family home for sale in Hilo, HI 96720. This property was listed for sale on April 24, 2026 by KW Big Island, it's currently listed at $495,000. It has been on the market for a total of 10 days and was last sold on November 26, 2004. This listing's school district is Hawaii Department Of Education. Nearby schools include Waiakeawaena Elementary School, Waiakea Intermediate School and Waiakea High School. 235 Malaai Road is a 3-bed, 2-bath, 972 sqft single family home built in 1967.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Big Island, Brendan Alcisto, License #RS-83746

Based on information from one of the following Multiple Listing Services: Hawaii HIS, MAUI MLS and Hi Central. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Hawaii HIS, MAUI MLS and Hi Central is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.