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SOLD
MLS: 652727
 
Asking Price: $9,995,000 Fee Simple
Sold Price: $9,000,000
Sold Date: 11/10/2022
Type: Residential
District: South Hilo
Street: 27-121 Mill Rd
Neighborhood: Papaikou Camp
Beds: 3   Baths: 2
Living Area: 1,295 SF
Land Area: 16.92 Acres
Parking: Covered,Attached
Days on Market: 914
Year Built: 2006
Easements: Cable,Electric,Sewer,Telephone,Water
Zoning: A-3A
Roads: Private
Property Taxes: $8,893
Assessed Value: $951,200
Assessed Ratio: 1050.78%
Listing Courtesy: Better Homes and Gardens Real Estate Island Lifestyle
Terms Acceptable: 1031 Exchange,Cash,Conventional,Developer Package
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Acres of oceanfront!

The historic Mill parcel wraps around 3,000 feet of coastline with sweeping ocean views punctuated at the north end by rocky shore lined Mokihana Bay and, at the south end, by dynamic, broad Papaikou Bay and its black sand beach that forms the mouth of Kapue River. The beach access was engineered and built by the owner who landscaped the route with native trees. The breathtaking view east from this land, 100 feet above the sea, is a daily kaleidoscope of sunrise, passing ocean traffic, breaching whales, rainbows, white egrets on the wing, skilled surfers, and moon glow on the ocean. To the west, the morning view is majestic Mauna Kea and her world-class telescopes in luminescent pearl pink. The custom-designed 1,691 square foot house is built on a historic, hand-hewn lava rock mill foundation that lifts the house up to prominence with exceptional views across Hilo Bay and the open ocean. This parcel enjoys two separate entrances, both by private roads from the highway.
The waterfall parcel offers more distant ocean views and intimate river scenes. As Kapue River winds its way through the land, it forms a spectacular year-round waterfall with ponds and a deep river valley with vast space between two potential building/farming sites and a third farming area. The peaceful little Piihau Stream burbles along the south boundary of this land to form a lovely little waterfall as it flows into the Kapue River. on its last leg to the ocean. This parcel meanders so much that it enjoys four separate entrances.

This listing consists of two parcels. #119 is 20 acres and #118 is 16.9 acres. #118 is zoned A-3. Parcels may be sold separately.


 
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