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Seller's Agent in 2023
Rebecca Hirsch-Keliihoomalu
COMPASS
(808) 895-1156
6 in this area
97 Total Sales
Estimated Value: $1,255,000 - $2,609,935
Built on the edge of a bluff adjacent to a double 25-ft. waterfall on the Wailuku River, the famed retreat Falls at Reeds Island is a complex mix of tropical magic, zen energy, solitude, and modernism. Surrounded by state and conservation land, at the edge of the property another 85-ft. waterfall cascades into the 700-ft. of river frontage. The home is a work of art with the closeup views of the falls and natural rainforest prevailing from every room. The minimalist interiors of 2,696 sq.ft. complement the environment and vice versa. Built of Port Orford, OR cedar and supported by locally sourced ‘Ohia post, a long breezeway entry screened from floor to ceiling connects the homes 3 living pavilions. The late San Francisco architect David Morton created this vertical structure to meet the physical challenges of the 2.249 ac. long, narrow parcel bordered by 2 gulches, the rain forest and the river with the result being a home of distinction hailed in the NY Times as well as multiple award-winning travelsites with 5-star ratings for this successful vacation rental. Known as Koloiki, Reed’s Island is a 26-ac. enclave shaped by the Wailuku River, the largest in the state. Once home to Hawaiian royalty, Koloiki was sold by King Kamehameha IV to William Reed in 1861. Accessible by a small bridge, Reed’s Island is situated just 1 mile from historic Hilo but feels like a time capsule of Old Hawaii. In a bygone era, this neighborhood was where the local affluent families built their homes. Hilo is the last place of the 4 larger islands still free of the pressure of rapid expansion and famous for its rainfall and lush jungle vegetation. The guest population is a resourceful and adventurous breed looking for a true retreat, an escape to solitude and natural beauty set in a town of socio and ethnic diversity with a strong scientific and cultural community. This estate located at the very end of the island's only road, is the most prestigious and privileged setting on the island.
Last Agent to Sell the Property
COMPASS Brokerage Phone: 8088951156 License #RB-19834 Listed on: 05/15/2023
Last Buyer's Agent
COMPASS Brokerage Phone: 8088951156 License #RB-19834 Listed on: 05/15/2023
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Treehouse Partners Llc | -- | Fidelity National Title | |
| Kelly Daryl | -- | Tge | |
| Kelly Daryl | $2,400,000 | Tge | |
| Stevenson John C | -- | -- | |
| Stevenson John Carl | $875,000 | -- | |
| Morton David Cummins | $280,000 | Island Title Corp | |
| Evans William Alfred | $250,000 | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Treehouse Partners Llc | $1,800,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2023 10/31/23 | Off Market | $2,400,000 | -- | -- |
| 08/02/2023 08/02/23 | Sold | $2,400,000 | -3.8% | $890 / Sq Ft |
| 07/03/2023 07/03/23 | Pending | -- | -- | -- |
| 05/15/2023 05/15/23 | For Sale | $2,495,000 | -- | $925 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,563 | $1,539,100 | $634,000 | $905,100 |
| 2024 | $16,563 | $1,492,200 | $634,000 | $858,200 |
| 2023 | $13,594 | $1,224,700 | $634,000 | $590,700 |
| 2022 | $13,594 | $1,224,700 | $634,000 | $590,700 |
| 2021 | $11,546 | $1,040,200 | $549,000 | $491,200 |
| 2020 | $8,725 | $786,000 | $322,300 | $463,700 |
| 2019 | $9,106 | $820,400 | $322,300 | $498,100 |
| 2018 | $8,864 | $798,600 | $322,300 | $476,300 |
| 2017 | $8,721 | $785,700 | $322,300 | $463,400 |
| 2016 | $7,873 | $783,400 | $322,300 | $461,100 |
| 2015 | -- | $793,600 | $379,100 | $414,500 |
| 2014 | -- | $795,000 | $379,100 | $415,900 |
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Seller's Agent in 2023
Rebecca Hirsch-Keliihoomalu
COMPASS
(808) 895-1156
6 in this area
97 Total Sales
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 668254
APN: 3-2-3-026-002-0000
Ask me questions while you tour the home.