$700,000
SOLD OCT 1, 2025

40 Pamala Place Hilo, HI 96720

5 Beds
3 Baths
2,357 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$297 Per Sq Ft

4% Above List Price

10 Days on Market

Highlights

  • Carpet
  • Waiakea High School Rated A
  • 5-minute walk to Lokahi Park

About This Home

As of October 2025

Permitted multi-unit short-term vacation rental in Hilo. Located on quiet Pamala Place, this 5-bedroom, 3-bath home offers a rare opportunity to own a fully permitted and proven short-term vacation rental. With a strong recent earning history of over $100,000 per year, this property is turn-key and fully furnished, ready for immediate use as an income-producing investment or flexible multi-generational living.

The upper level features 2 bedrooms and 2 baths, a spacious living room filled with natural light from large windows, and a cozy back lanai perfect for morning coffee or evening relaxation. The kitchen and dining area have been updated with vinyl plank flooring, blending durability with modern style.

The lower level serves as a separate living space with 3 bedrooms and 1 bath. It has been tastefully updated with vinyl plank flooring and a kitchen featuring quartz countertops. Just outside, a covered lanai provides an inviting spot for outdoor seating.

Situated in a great location near shopping, restaurants, and Hilo’s many attractions, this property also offers ample parking for guests or residents, adding to its convenience and appeal.

Take a look at this property video:

Last Agent to Sell the Property

Howard Meguro

Coldwell Banker Island Properties - Hilo Brokerage Phone: 8088962549 License #RB-22392 Listed on: 08/02/2025

Last Buyer's Agent

Nate Gaddis

COMPASS License #RS-75971

COMPASS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,543

Year Built

  • Built in 1936

Lot Details

  • Property fronts a county road

Parking

  • Covered Parking

Home Design

  • Duplex

Interior Spaces

  • 2,357 Sq Ft Home
  • 2-Story Property
  • Range with Range Hood

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Electric Water Heater
  • Cesspool
  • Phone Available
  • Cable TV Available

Community Details

  • Waiakea Camp Residential Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 11
  • Assessor Parcel Number 3240520120000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,543

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub-Type: Duplex
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: WAIAKEA CAMP RESIDENTIAL
  • Unit Levels: Two
  • Living Area: 2357.0
  • Year Built: 1936
  • Tax Year: 2025
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable
  • HIS_WaterHeater: Electric
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Range, Range Hood, Refrigerator, Washer
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Flooring: Carpet, Vinyl

Exterior Features

  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Covered, Other

Utilities

  • Sewer: Cesspool
  • Utilities: Cable Available, Electricity Available, Phone Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RD-3.75
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3240520120000

Tax Info

  • Tax Annual Amount: 5543.34
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2025
Closed on
Sep 26, 2025
Sold by
Mundy Shauna Mciver and Travis James
Bought by
Nakao-Eligado Alexandria Janise
Seller's Agent
Howard Meguro
Coldwell Banker Island Properties - Hilo
Buyer's Agent
Nate Gaddis
COMPASS
List Price
$675,000
Sold Price
$700,000
Premium/Discount to List
$25,000
3.7%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.28%
Original Mortgage
$444,000
Outstanding Balance
$444,000
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$249,607

Purchase Details

Listed on
Jul 16, 2018
Closed on
Aug 16, 2018
Sold by
Santilena Michael S
Bought by
Mundy Shauna Mciver and Mundy Travis James
Seller's Agent
Sunita Przewlocki
Salt Water Real Estate LLC
Buyer's Agent
John Lawler
Positive Real Estate
List Price
$350,000
Sold Price
$348,350
Premium/Discount to List
-$1,650
-0.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.33%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $700,000 Fam
Warranty Deed -- Fam
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $444,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2025 10/01/25 Sold $700,000 +3.7% $297 / Sq Ft
08/12/2025 08/12/25 For Sale $675,000 0.0% $286 / Sq Ft
08/02/2025 08/02/25 For Sale $675,000 +93.8% $286 / Sq Ft
10/22/2024 10/22/24 Off Market $348,350 -- --
12/01/2018 12/01/18 Off Market $348,350 -- --
08/29/2018 08/29/18 Sold $348,350 -0.5% $148 / Sq Ft View Prior Sale
07/23/2018 07/23/18 Pending -- -- --
07/16/2018 07/16/18 For Sale $350,000 -- $148 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Tax History Compared to Growth

Source: Public Records

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 $5,364 $499,400 $128,600 $370,800
2024 $5,364 $483,200 $128,700 $354,500
2023 $4,958 $446,700 $117,000 $329,700
2022 $4,908 $442,200 $112,500 $329,700
2021 $4,160 $374,800 $93,000 $281,800
2020 $3,996 $360,000 $91,500 $268,500
2019 $3,872 $348,800 $91,500 $257,300
2018 $3,225 $290,500 $91,500 $199,000
2017 $3,024 $272,400 $87,000 $185,400
2016 $2,412 $240,000 $82,500 $157,500
2015 -- $223,500 $78,800 $144,700
2014 -- $227,300 $78,800 $148,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 721580

Hawaii Information Service (MLS Hawaii)

APN: 3-2-4-052-012-0000