651 Hoaka Road, HILO, HI 96720

Property Description

Rarely available 7.5+ acre lot with water + electric connectivity, in Hilo's Waiakea district! **Seller will finance with a minimum of $35,000 down-payment and favorable terms. Build your agricultural estate on this large pastoral property with sweeping views of Hilo Bay and stunning stream-frontage. A part of this area's ancient Ahupua`a (land division system), Waiakea stream traces its origins from the slopes of Mauna Loa Volcano, and can be found flowing along the back of this parcel, all the way down to Waiakea Pond near Hilo Bay. Growing conditions here are ideal for a wide variety of native and tropical plants and food crops including Bananas, Taro, Sweet Potatoes, Papaya, world-class Palms, and more. Cattle and sheep also do very well, thanks to the area's quick-growing grasses. A water meter is in and the land has been cleared for cattle grazing - Seller is currently paying $200 per year for property taxes due to agricultural use. Buyers to follow up with the County of Hawaii Department of Taxation for details and confirmation of future tax rates. This is a newly subdivided property with final taxation rate yet to be determined by the County of Hawai'i.