NOT LISTED FOR SALE

286 Kaiulani St Hilo, HI 96720

Estimated Value: $1,255,000 - $2,609,935

3 Beds
3.5 Baths
2,696 Sq Ft
$749/Sq Ft Est. Value

Last Sold August 02, 2023

Last sale price $2,400,000 $890 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $12,000/month

49 Days on Market

Highlights

  • Outdoor Pool
  • River View
  • Lanai
  • Waterfall on Lot
  • Wooded Lot
  • Corner Lot

About This Home

As of August 2023

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

Rebecca Hirsch-Keliihoomalu

COMPASS Brokerage Phone: 8088951156 License #RB-19834 Listed on: 05/15/2023

COMPASS

Last Buyer's Agent

Rebecca Hirsch-Keliihoomalu

COMPASS Brokerage Phone: 8088951156 License #RB-19834 Listed on: 05/15/2023

COMPASS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,594

Year Built

  • Built in 2002

Lot Details

  • River Front
  • Property fronts a private road
  • Property fronts a county road
  • Cul-De-Sac
  • Street terminates at a dead end
  • Stone Wall
  • Chain Link Fence
  • Landscaped
  • Corner Lot
  • Terraced Lot
  • Cleared Lot
  • Rocky Terrain
  • Wooded Lot
  • Grass Covered Lot
  • Property is zoned RS-15

Parking

  • Unassigned Parking

Property Views

  • River
  • Forest
  • Garden

Home Design

  • Concrete Block With Brick
  • Double Stud Wall

Interior Spaces

  • 2,696 Sq Ft Home
  • Built-In Features
  • High Ceiling
  • Skylights
  • Blinds
  • Home Office
  • Concrete Flooring
  • Fire and Smoke Detector

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • ADA Compliant

Outdoor Features

  • Outdoor Pool
  • Waterfall on Lot
  • Lanai

Utilities

  • Underground Utilities
  • Septic Tank
  • Private Sewer
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • Reeds Island Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 7
  • Assessor Parcel Number 3230260020000

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,594

Year Built

Built in 2002

Lot Details

2.24 Acres

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • ResoCommunityFeatures: See Remarks
  • Reso Fencing: Chain Link, Other, Stone
  • Road Frontage Type: Other, River
  • ResoLotFeatures: Cleared, Corner Lot, Cul-De-Sac, Dead End, Grassy, Landscaped, Rim Lot, Rocky, See Remarks, Wooded
  • Road Frontage Type: HIS Road/Street, Other
  • ResoSecurityFeatures: None, See Remarks, Smoke Detector(s)
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: REEDS ISLAND
  • Reso Interior Features: ADA Accessible, Built-in Features, Enclosed Lanai, High Ceilings, Office, See Remarks, Skylights
  • Living Area: 2696.0
  • Property Attached Yn: No
  • Reso Window Features: Blinds
  • Year Built: 2002
  • Tax Year: 2022
  • HIS_PoolYN: Yes
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_OtherBuildingArea: 536
  • Land Tenure: Fee Simple
  • HIS_SolidWasteDisposal: Private Contractor
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable, Satellite, Wireless
  • HIS_Easement: Other (remarks)
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Other, Range, Range Hood, Refrigerator, Washer
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Flooring: Concrete, Other
  • Design: Concrete, Double Wall, Other (remarks)

Exterior Features

  • Topography: Gentle Slope,Other (remarks),Rolling Terrain,Terraced
  • View: Forest, Garden, HIS Waterfall, Other, River
  • Pool Features: Other
  • Waterfront: No
  • Exterior Features: Lightning, See Remarks
  • Roads: County, Paved, Private

Garage/Parking

  • Parking Features: Unassigned

Utilities

  • Cooling: Cash
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Phone Available, Underground Utilities, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RS-15
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3230260020000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 13594.0
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Sep 20, 2023
Sold by
Kelly Daryl and Kelly Joanna
Bought by
Treehouse Partners Llc
Seller's Agent
Rebecca Hirsch-Keliihoomalu
COMPASS
Buyer's Agent
Rebecca Hirsch-Keliihoomalu
COMPASS
List Price
$2,495,000
Sold Price
$2,400,000
Premium/Discount to List
-$95,000
-3.81%
Current Estimated Value
$2,018,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$381,016
Avg. Annual Appreciation
-6.32%
Original Mortgage
$1,800,000
Outstanding Balance
$1,754,930
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$264,054

Purchase Details

Listed on
May 15, 2023
Closed on
Jul 28, 2023
Sold by
John And Jane Stevenson Living Trust
Bought by
Kelly Daryl and Kelly Joanna
Seller's Agent
Rebecca Hirsch-Keliihoomalu
COMPASS
Buyer's Agent
Rebecca Hirsch-Keliihoomalu
COMPASS
List Price
$2,495,000
Sold Price
$2,400,000
Premium/Discount to List
-$95,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Outstanding Balance
$1,754,930
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$264,054

Purchase Details

Closed on
Nov 8, 2005
Sold by
Stevenson John Carl and Stevenson Florence Jane
Bought by
Stevenson John C and Stevenson Jane F

Purchase Details

Closed on
Oct 29, 2003
Sold by
Cordell Thomas James
Bought by
Stevenson John Carl and Stevenson Florence Jane

Purchase Details

Closed on
Mar 31, 1999
Sold by
Evans William Alfred
Bought by
Morton David Cummins and The David C Morton Revocable Inter Vivos

Purchase Details

Closed on
Jan 9, 1996
Sold by
Uyehara Clayton Sadao and Uyehara Glenda Kuulani Mui Sim Sanders
Bought by
Evans William Alfred
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

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 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Treehouse Partners Llc $1,800,000
Source: Public Records

Property History

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
Source: Hawaii Information Service (MLS Hawaii)

Tax History

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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 668254

Hawaii Information Service (MLS Hawaii)

APN: 3-2-3-026-002-0000

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