28-2981 Kumula St

$2,500,000
Price
239,841 / 5.51
Lot Size / Acres

Description

Opportunity is Knocking! Prime development parcel in the heart of Pepeekeo. With over 5 acres, this prime elevated parcel provides breathtaking ocean and Hilo Bay views. Zoned RM-3.5 which allows a large multi family project. Or complete the 14 lot subdivision which has been granted tentative approval. Comes with water commitment. Take a look today before it's gone. Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.Opportunity is Knocking! Prime development parcel in the heart of Pepeekeo. With over 5 acres, this prime elevated parcel provides breathtaking ocean and Hilo Bay views. Zoned RM-3.5 which allows a large multi family project. Or complete the 14 lot subdivision which has been granted tentative approval. Comes with water commitment. Take a look today before it's gone. Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.
  1. Listed by Henry J. Correa Jr. • License #RB-16506 • Brokerage DRE #RB-17365 • Better Homes and Gardens Real Estate Hank Correa Realty
    P: (808)-961-3300 C: (808)-960-2626 hank@hankcorrea.com
  2. Listed by Henry J. Correa III • License #RB-22637 • Brokerage DRE #RB-17365 • Better Homes and Gardens Real Estate Hank Correa Realty
    P: (808)-557-2614 C: (808)-557-2614 hank3@hankcorrea.com

Property Details for 28-2981 Kumula Street

View
Bay, Ocean, Ocean Horizon, Sunrise
Waterfront
No
Subdivision Name
KULAIMANO HEIGHTS SUBDIVISION
Zoning
RM-3.5
LISTING UPDATED: 12/02/2025 10:08 AM

Property Details for 28-2981 Kumula Street

StatusActive
MLS #719038
Days on Market280
Taxes$5,832 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size5.51 AC
CountyHawaii County

Location

Listing Courtesy of Better Homes and Gardens Real Estate Hank Correa Realty, Henry J. Correa Jr., License #RB-16506; Better Homes and Gardens Real Estate Hank Correa Realty, Henry J. Correa III, License #RB-22637
Add your commute

Building Information for 28-2981 Kumula Street

Lot Size5.51 AC

Payment Calculator

$12,839 per month

30 year fixed, 6.28% Interest

Principal and Interest

$12,353

Property Taxes

$486

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 28-2981 Kumula Street

Summary
Location and General Information
  • Flood Zone: X
  • Lava Zone: 8
  • Directions: 28-2981 Kumula Street
  • Water Source: Other
  • Topography: Fairly Level, Gentle Slope
  • Latitude: 19.83668156
  • Longitude: -155.10629738
  • Roads: County, Paved
Taxes and HOA
  • Association Fee Frequency: Monthly
  • Tax Year: 2024
  • Association Fee: $0
  • Tax Annual Amount: $5,832
  • Tax Assessed Value: 498500.0
  • Parcel Number: 3-2-8-7-65
  • Tax key: 328007065
  • Tax Lot: 3
Parking
  • Carport Area Units: Square Feet
  • Garage Area Units: Square Feet
Property
Lot Information
  • Lot Size Units: Square Feet
  • Living Area Units: Square Feet
  • Other Building Area Units: Square Feet
  • Roofed Area Units: Square Feet
  • Lot Features: See Remarks
  • Land Tenure: Fee Simple
  • Lot Size Area: 239841.0
Property and Assessments
  • Special Assessment Amount Frequency: Monthly
  • Assessment Year: 2024
  • Covenants Conditions Restrictions: Yes
  • Property Type: Land
  • Agriculture Dedicated: No
Utilities
  • Sewer: None
  • Solid Waste Disposal: None
  • Utilities: Electricity Available, Other
Interior and Exterior Features
Exterior Features
  • Exterior Area Units: Square Feet
  • Pool: No
  • Structures: Yes
Interior Features
  • Elevation Units: Feet
  • Bathrooms Total Integer: 0
Rental
Rental Information
  • Leasable Area Units: Square Feet

Property History for 28-2981 Kumula Street

DateEvent & SourcePriceAppreciation
Sep 10, 2025

Listed (Active)

HIS #719038

—
Sep 10, 2025

Temporarily Off Market

HIS #719038

—
Mar 17, 2025

Listed (Active)

HIS #719038

$2,500,000—
May 22, 2024

Permanently Off Market

HIS #665489

—
Sep 30, 2022

Listed (Active)

HIS #665489

$2,500,000—
Dec 3, 2007

Temporarily Off Market

HIS #176001

$2,000,000—
Apr 14, 2006

Listed (Active)

HIS #176001

$2,000,000—
DateEvent & SourcePrice
09/10/2025

Listed (Active)

HIS #719038

—
09/10/2025

Temporarily Off Market

HIS #719038

—
03/17/2025

Listed (Active)

HIS #719038

$2,500,000
05/22/2024

Permanently Off Market

HIS #665489

—
09/30/2022

Listed (Active)

HIS #665489

$2,500,000
12/03/2007

Temporarily Off Market

HIS #176001

$2,000,000
04/14/2006

Listed (Active)

HIS #176001

$2,000,000

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

Public Records for 28-2981 Kumula Street

Taxable ValueLand$432,000Additions$97,800Total$529,800
Tax Record2025$6,199 ($517 / month)
Home Facts
Lot Size239,841 SqFtStyleMulti-Family Res (5+ Units)ZoningRM-3.5CountyHAWAIIAPN3-2-8-007-065

Schools near 28-2981 Kumula Street

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 12
Charter - PK to 12
Rating
School
Distance
Hilo High School
Public9 to 12

Ka Umeke Kaeo - Public Charter School
CharterPK to 12

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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28-2981 Kumula Street is a 5.51 ac of land for sale in Pepeekeo, HI 96783. This property was listed for sale on March 17, 2025 by Better Homes and Gardens Real Estate Hank Correa Realty, it's currently listed at $2,500,000. This listing's school district is Hawaii Department Of Education. Nearby schools include Prince Jonah Kalanianaole Elementary & Intermediate School, Hilo High School and Connections - New Century Public Charter School. 28-2981 Kumula Street is a 0-bed, 0-bath, 5.51 ac of land on a 239,841 sq. ft. / 5.51 acres lot.

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 Better Homes and Gardens Real Estate Hank Correa Realty, Henry J. Correa Jr., License #RB-16506; Better Homes and Gardens Real Estate Hank Correa Realty, Henry J. Correa III, License #RB-22637

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.