28-1187 OLD MAMALAHOA HIGHWAY

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 28-1187 Old Mamalahoa Hwy, Pepeekeo, HI 96783, USA
California & West + Apartment Buildings
Created date: June 26, 2025
Date last updated: September 21, 2026
Price: $4,256,000Investment Analyzer NEW!

Property Description

Experience the best of Hamakua Coast living on this extraordinary 11.5 acre estate, including TMK 3-2-8-7-84 and 3-2-8-7-83, along the scenic Old Mamalahoa Highway. These contiguous properties offer sweeping ocean views, stream frontage, rich soils, and meticulously maintained grounds with a producing longan orchard and an array of mature fruit trees. Just 10 minutes from Hilo, the gated estate combines privacy with convenient access to all town amenities. The property includes two beautifully updated homes, each with unique features, surrounded by lush landscaping and panoramic ocean vistas. The first home, a 3-bedroom, 3.5-bath, offers a split floor plan with an elegant primary suite, an open-plan great room, and a stunning lanai with triple-track doors for seamless indoor-outdoor living. Renovated with natural stone flooring, a custom kitchen with quartz countertops, high-end appliances, and Hardie panel siding, this home also features a large rec room, luxurious bathroom fixtures, and a solar hot water heater. The detached 10+ car garage with its own facilities provides ample space for vehicles and farm equipment. A gazebo with a hot tub completes this home, with a dedicated heater for fresh water with each use. The second home, a renovated 3-bed, 3-bath, two-story residence, underwent a complete update in 2020 with new Hardie siding, a standing seam metal roof, high-end fixtures, updated bathrooms, refreshed lighting, and a fully remodeled kitchen. Equipped with municipal water, fast internet, underground power, and a grid-tied photovoltaic system, this home offers all the modern comforts within a tranquil setting. Located along the iconic 4-mile drive, famous for its lush landscapes, ocean views, botanical gardens, and access to Onomea Bay, this estate is ideal for walking, running, and cycling. Zoned RS-10 with subdivision potential and new ADU options, this estate invites further development.

Key Property Information

Listing Status: Under Contract
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $4,256,000
Year Built: 2004
Lot Size: 6,253.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 6
Number of Bathrooms: 8
Address: 28-1187 OLD MAMALAHOA HIGHWAY, Pepeekeo, HI 96783, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

529 E Walnut Avenue, Unit 0

El Segundo, California
California & West + Apartment Buildings
Units: 1
Price: $3,100

2210 VIA MARIPOSA E, Unit 0

Laguna Woods, California
California & West + Apartment Buildings
Units: 8
Price: $2,300

835-837 N M Street

Oxnard, California
California & West + Apartment Buildings
Price: $849,000

Brokers

View All

Lenders

View All