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1868 Kalanianaole St, Hilo, HI, 96720

4beds
4baths
4,894sqft
$2,500,000
$511price/sqft
$17,286/moest. monthly cost
$691,440/yrincome needed

About This Home

Rarely does a property of this caliber become available. Designed by acclaimed Hawaiʻi architect Charles William Dickey and built in 1935 as the private estate of Laura Vestal Kennedy, exceptionally well-built and meticulously maintained 4-bedroom, 4-bath residence has remained in the same family since its completion. Offering 4,894 SF of living area, an additional 826 SF of lanais, and situated on 1.38 lushly landscaped ACRES directly across from Carlsmith Beach Park, a truly rare legacy property. Zoned RS-15, the property may offer subdivision potential (Buyer to verify with Hawaiʻi County), creating an exceptional opportunity for both homeowners & investors. Constructed by contractor Z. Kawasaki, this distinctive three-story home showcases timeless architectural character with graceful curved staircases, soaring ceilings, beautiful hardwood floors on the upper two levels, and abundant custom windows framing tropical garden, forest, and ocean views. Spacious Great Room opens to expansive lanais where cooling trade winds and ocean views create the perfect setting for entertaining or relaxing. Efficient kitchen adjoins both casual and formal dining areas. Upper level features two bedrooms connected by a Jack-and-Jill bath, with one opening directly onto the sun deck. Three of the four bedrooms include cedar-lined closets. Main level offers an additional bedroom and full bath, while the lower level provides an oversized laundry/hobby room, multiple storage rooms, and abundant space for projects or future possibilities. A detached garage complements the property, while mature tropical landscaping provides exceptional privacy in a park-like setting. Lovingly preserved by the same family since 1935, this extraordinary estate combines architectural significance, exceptional craftsmanship, generous indoor and outdoor living spaces, and an irreplaceable location near Carlsmith Beach Park, which is one of the best snorkeling beaches in East Hawaii.

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

6/10
8/10
Hilo Intermediate SchoolGrades 7-84.6 mi
6/10
Hilo High SchoolGrades 9-124.6 mi

Construction

Condition

  • Year built: 1935

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Other,Range,Refrigerator,Washer
  • Laundry features: Other

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Cathedral Ceiling(s),Enclosed Lanai,High Ceilings,Vaulted Ceiling(s)
  • Flooring: Concrete,Hardwood

Interior Area

  • Total structure area: 4,894
  • Total interior livable area: 4,894 sqft

Property

Details

  • Parcel number: 3210170160000
  • Zoning: RS-15
  • Special condition: Fee Simple,Standard

Features

  • Levels: Two
  • Fencing: Chain Link
  • Has view: Yes
  • View description: Forest,Garden,Ocean,Ocean Horizon
  • Has water view: Yes
  • Water view: Ocean
  • Frontage type: Other
  • Topography of land: Gentle Slope

Lot

  • Lot size: 1.38 Acres
  • Features: Corner Lot,Grassy,Landscaped,See Remarks

Parking

  • Total spaces: 2
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Volcanic Activity
    Volcanic ActivityVery High
  • Tsunami
    TsunamiRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Lightning
Volcanic Activity
Tsunami
Coastal Flooding
Wildfire

FEMA Declared Disasters Across Hawaii Counties

Fire

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

MonthlyAnnual
Mortgage $12,641$151,692
Home Insurance *$718$8,616
Property Taxes $2,352$28,224
Electricity $1,575$18,911
Total$17,286$207,432
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$592,662/yr
40% on housing$518,580/yr
45% on housing$460,960/yr

Hawaii FAIR Plan Programs

Hawaii - Hurricane Relief Fund

Covered
WindWind
Visit Website →
Current Policies
Residential: 2,402Commercial: -4
Total Premiums$5.57M
Total Exposure$928.92M

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.

Insurance Growth Rate5-year average: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 5.6%
5.6%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$511This listing

vs Other Active Listings

Avg $/sqft

ZIP 96720$436
Hawaii County$496

vs Homes Sold Last Month

Median $/sqft

ZIP 96720$466
Hawaii County$424

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

DateEventPrice
2026-07-29Listed for sale$2,500,000

For Sale by Agent

AgentHeather E. Hedenschau, CRS
BrokerageBig Island Brokers

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