Value Real Estate

Value real estate in Hawaii is my specialty.  Below you will find some current examples of my value real estate opportunities for the smart buyer.  I also actively seek out value properties for my clients. 


Value real estate in the traditional sense if buying a home below market value or getting a good deal.  It is also buying a home or property that can create value for you.  That value can come as appreciation, income, healthier living, greener living, happier living and more.  

Value Property #1  -  $60,000

Orchid Manor Condo

355 Kalanianaole St. #207 Hilo HI 96720

MLS # 638108


Currently available is an opportunity to buy a repo condo at a price way below market value.  Great location within walking distance to downtown Hilo.  498 square foot condo on desirable side of building facing green space.  Studio with balcony and a great community of mostly retired people.  Safe and secure with an excellent on site resident manager.  Property has pool, library, laundry and right next to the pool is the beach access.  Don't know if it gets any better than this.  

One other condo for sale in building right now, and that is $120K (MLS #635729)

One under contract for $140K (MLS #635388)

One sold last month for $115K (MLS #634879)


     A) Fix and flip and make $40-$60K

     B) Rental for positive cash flow of $800-900/mth

     C) Healthier/Happier living - Priceless (no snow, simple living, great neighbors and friends, outdoor      activities, relaxation)

Value Property #2  -  $225,000

Free living Hawaii

15-2711 Opae St, Pahoa


Currently available opportunity for free living in Hawaii.  Now there is a great value.  This is not a home for free, but a value opportunity to have your monthly mortgage paid for you by someone else.


3 bedroom 2 bathroom home that has just been nicely renovated.  Also comes with 672 sq ft lower level that would be perfect as a rental and would cover most of your mortgage.  Also has a two car garage in lower level.  If you turned the downstairs unit into a hosted rental you should have extra money each month after paying your mortgage.  Or you could have that space for an in-home business like a day care, space for visiting family and friends,  workshop, or maybe for your older child to have some space or a large play area for your kids.


     A) Home has after reno appraisal of $240K 

     B) With an anticipated mortgage of $1000-$1200, cheaper than the average rent of $1400.  

     C) Hosted Vacation Rental - $100/nt and 20 nights per month = $2000/month and a nice profit per month, so now you are being paid to live in Hawaii.

     D) Healthier/Happier living -  Does not get better that owning a little slice of heaven in Hawaii with excellent neighbors and the fastest growing community in the state.  

Value Property #3  -  $165,000

Seaview Rd, Pahoa HI 96778

Owner financing available

This recently renovated 3 bedroom 2 bathroom home is perfect for your family.  Very nice community with great neighbors and community pool.

Newly renovated and comes with a one year warranty, now that is value.  Lot next door can also be purchased to increase the size of your yard.  With double lot you would have plenty of room for the kids or pets, or to just relax and have a garden and some fruit trees.  Home has been painted inside and out, new catchment, gutters, pump, pressure tank, premium water system, screens, outlets and switches, light fixtures, and more.  Extensive landscaping with pineapples, bananas, and some many beautiful plants.  Built in planter box that also doubles as outdoor seating.


This home is located at the back of the subdivision so very little traffic and excellent neighbors.  Only a couple miles to the new mall and the growing town of Pahoa with all its opportunities for new businesses and creative entrepreneurs.  Pahoa is one of the fasting growing areas in the state of Hawaii with tons of opportunities.

Value Property #4  -  $239,000

Plumeria St, Mountain View HI 96771

New to the market, this 3 bedroom 2 bathroom home on two acres is a great property.  Totally remodeled with almost everything new and comes with a one year warranty.    

Value Property #5  -  $65,000

Lot on 27th St in Hawaiian Paradise Park ready for you to build your new home.  

Recently cleared one acre level lot in HPP that has rough in plumbing and slab completed for the HPM Huaka home package.  Huaka Package is a 1056 sq ft 3 bedroom 2 bath package with carport.  Since cesspool is already permitted, from previous home that was on slab, you are ready to start your framing and build your new home.   

Value Property #5 - $99K 2bed/1bath ARV $150K

Value Property #6 - $46,800 3bed/2bath

Value Property #7 - $57K 2bed/1bath

So many more...….

***Call and we can talk***(808) 371-8304

Hilo Bay Realty LLC