$1,100,000
SOLD MAY 30, 2025

48 Makakai Place Hilo, HI 96720

5 Beds
3.5 Baths
3,155 Sq Ft
0.35 Acres

Recently Sold

$349 Per Sq Ft

8% Below List Price

14 Days on Market

Highlights

  • Ocean View
  • Cul-De-Sac
  • High Speed Internet
  • In Ground Pool
  • Attached Garage
  • 1-minute walk to Honolii Beach Park

About This Home

As of May 2025

Generational opportunity to own a home on ocean side of exclusive Alae Point - a location for legend and legacy directly above Honoli’i Beach Park. The home is awe-inspiring and absolutely one of a kind- with award winning architecture and ocean views that stretch from Honoli’i point to Keaukaha and Hilo Bay. Get your surf report and weather forecast from your windows then walk to the beach from your own back door. The floorplan affords the luxury to operate as two separate units- one on each side of the porte cochere - with a design in mind to create a third to help maximize the property's potential.
The upstairs Great Room is a display of grandeur on another level- large redwood posts and beams with a T&G ceiling that peaks 20' above the slate floor where it's capped with a plexiglass cupola. Each corner has two lanais with doors that open wide when you want to let in the breeze and the light while the fresh new deck overlooks the fenced backyard and 60' lap pool with new pump and filtration system.
The two biggest bedrooms (appx 9' x 26') are equipped with accordion doors to make four rooms from two- each with its own door, window, and closet. Across the porte cochere the smaller hale comes complete with a bedroom, bathroom, loft, kitchenette, and its own W/D.
Find prominence and pride in a property perfect for parties and gatherings- plenty of parking to promote community and share your place with your people. Bring family and friends to amaze on holidays- Watch the fireworks on the First and the Fourth- See the sunrise surfers and whales at play while you watch your ship come in.

Last Agent to Sell the Property

Evan Cole Clarke

Hawaii Life Brokerage Phone: 8083452197 License #RS-65748 Listed on: 03/05/2025

Hawaii Life

Last Buyer's Agent

Evan Cole Clarke

Hawaii Life Brokerage Phone: 8083452197 License #RS-65748 Listed on: 03/05/2025

Hawaii Life

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,474

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 155 x 100
  • Property fronts a county road
  • Cul-De-Sac
  • Stone Wall
  • Wood Fence
  • Terraced Lot
  • Grass Covered Lot
  • Property is zoned RS-15

Parking

  • Attached Garage

Property Views

  • Ocean
  • Bay

Home Design

  • 3,155 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms

Pool

  • In Ground Pool
  • Gunite Pool

Utilities

  • Cesspool
  • Private Sewer
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • Alae Point Subdivision

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 3260260090000

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,474

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Reso Fencing: Stone, Wood
  • Road Frontage Type: Almost Oceanfront
  • ResoLotFeatures: Cul-De-Sac, Grassy
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: ALAE POINT
  • Elevation: 95
  • Living Area: 3155.0
  • Property Attached Yn: No
  • Year Built: 1970
  • Tax Year: 2024
  • HIS_PoolYN: Yes
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Private Contractor
  • HIS_InUseAsShortTermVacationRentalYN: No
  • HIS_InternetAccess: Cable, Fiber-Optic
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Topography: Terraced
  • View: Bay, Coastline, Ocean, Ocean Horizon, Sunrise
  • Pool Features: Gunite, In Ground, Outdoor Pool
  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Attached

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: RS-15
  • Lot Dimensions: 155 x 100
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3260260090000

Tax Info

  • Tax Annual Amount: 11474.38
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2025
Closed on
Apr 24, 2025
Sold by
Nancy J Morris Revocable Living Trust and Alfred D Morris Revocable Living Trust
Bought by
Long Adam Timothy and Zimmer-Long Britta Anne
Seller's Agent
Evan Cole Clarke
Hawaii Life
Buyer's Agent
Evan Cole Clarke
Hawaii Life
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Views
91
Current Estimated Value
$1,137,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,924
Avg. Annual Appreciation
8.62%
Original Mortgage
$825,000
Outstanding Balance
$820,757
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$317,167
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed -- Title Guaranty
Warranty Deed -- Title Guaranty
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $825,000 New Conventional
Closed $825,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2025 05/30/25 Sold $1,100,000 -8.3% $349 / Sq Ft
03/05/2025 03/05/25 For Sale $1,200,000 -- $380 / 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 $12,092 $1,140,800 $510,000 $630,800
2024 $11,474 $1,089,400 $485,400 $604,000
2023 $11,134 $1,003,100 $441,300 $561,800
2022 $10,695 $963,500 $401,700 $561,800
2021 $9,462 $852,400 $389,900 $462,500
2020 $9,110 $820,700 $374,000 $446,700
2019 $8,938 $805,200 $362,500 $442,700
2018 $8,142 $733,500 $362,500 $371,000
2017 $8,055 $725,700 $362,500 $363,200
2016 $7,061 $702,600 $347,300 $355,300
2015 -- $672,800 $347,300 $325,500
2014 -- $675,800 $347,300 $328,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 716048

Hawaii Information Service (MLS Hawaii)

APN: 3-2-6-026-009-0000