




272 Lama St, Hilo, HI, 96720
About This Home
Welcome to 272 Lama Street, together with the additional dwelling known as 460 Awa Street—a rare corner property near Nani Mau Gardens offering nearly 3 acres of usable land with room for expansion, gardening, farming, recreation, or multi-generational living. This unique property features two existing homes with three assigned street addresses, providing flexibility for extended family living, rental income potential, guest accommodations, or home-based business use. Thoughtful improvements have been completed throughout the property following a recent pre-listing inspection, enhancing both dwellings and creating a refreshed, move-in-ready opportunity. The main residence features interior & exterior repainting, roof repainting, repaired termite damage, refreshed accent walls, updated fixtures, new GFCI outlets in kitchen & bath areas, screened openings, and numerous additional repairs that contribute to the home's clean and well-maintained appearance. The secondary dwelling has also benefited from substantial upgrades, including new vinyl flooring, interior & exterior paint, updated fixtures, a new water heater, new entry railing, patio improvements, wall repairs, and upgraded GFCI electrical safety features in the kitchen & bath areas. Conveniently located in the desirable Panaewa area, just minutes from Hilo town, shopping, schools, and parks, this property offers the privacy, flexibility, and open space that are increasingly difficult to find so close to town.
Getting Around
Schools
Construction
Condition
- Year built: 1963
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Carpet,Hardwood
Interior Area
- Total structure area: 4,543
- Total interior livable area: 4,543 sqft
Property
Details
- Parcel number: 3220520010000
- Zoning: A-3A
- Special condition: Fee Simple,Standard
Lot
- Lot size: 2.72 Acres
Parking
- Total spaces: 760
- Parking features: Attached
- Covered spaces: 760
- Carport: Yes
- Carport spaces: 760
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Lightning
- Volcanic Activity
- Tsunami
- Coastal Flooding
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Hawaii Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,821 | $81,852 |
| Home Insurance * | $387 | $4,644 |
| Property Taxes | $393 | $4,716 |
| Electricity | $1,462 | $17,555 |
| Total | $9,063 | $108,756 |
Income You'd Need if You Spent...
Hawaii FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-02 | Listed for sale | $1,349,000 |
| 2025-09-29 | Listing removed | $1,349,000 |
| 2025-04-05 | Listed for sale | $1,349,000 |
| 2025-03-29 | Listing removed | $1,399,000 |
| 2024-09-07 | Price change | $1,399,000 |
| 2024-04-06 | Listed for sale | $1,590,050 |
