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Big Island

Benefits of Living in Hawaiian Paradise Park

As a follow up to my last blog post about a wonderful newly built home in HPP, here’s an update on home sales in HPP. While the Kilauea lava flow is causing uncertainty in some parts of lower Puna, Hawaiian Paradise Park is seeing brisk home sales. Last month there were 14 home sales in HPP with a median price of $253,000.

outside view

Views from 3rd Ave, HPP

Home sale prices are increasing in middle and upper Puna, so now is an excellent time to purchase in HPP. According to stats from Hawaii Information Service, the median price for single-family homes on the Big Island in September was $350,000, up 21 percent from $277,500 the same month last year.

It’s worth pointing out that the Big Island’s most active area for single-family home sales was in Puna, where the median home price jumped 20 percent last month to $210,000, up from $175,000 in September 2013.

Why HPP?

There are a lot of reasons why HPP is a sought after neighborhood these days with people snapping up new homes like this newly built model (MLS# 275622).

kitchen

This home was built with extreme care and consideration of every quality detail, including location

Location. The community is close to shopping, dining, and cultural activities in Hilo, Volcano, and Keaau. Of all the subdivisions in lower Puna, HPP is closest to Hilo, meaning shorter commute times to Hawaii’s second largest city – the business heart of east Hawaii.

Lot size. Encompassing a little more than 15 square miles, there are 10,000 lots in HPP but only 4,526 housing units, according to 2010 Census data. Lots in HPP are generally an acre in size, meaning everyone has plenty of breathing room. With more than 137 miles of private roads within HPP, there’s plenty of room to bike, jog, or stroll.

bathroom

This 3 bed, 2 bath house with office may be customized if purchased prior to completion

Lava zone. And more importantly at this particular moment, homebuyers are seeking out HPP because it is on the Hilo side of the lava flow. Homes in HPP are in Lava Zone 3. Back in the 1974, the U.S. Geological Survey Hazard divided the Big Island into nine zones rating them on the location and frequency of historic and prehistoric lava eruptions and flows. There are nine hazard zones with Lava Zone 1 closest to the lava (in lower Puna) and Lava Zone 9 the furthest away (in Kohala).

Additional Information

If you’re interested in learning more about HPP properties for sale, give me a call me today at (808) 987-4511 or email me. Or you can call my business partner, Jessica Hall, at 808-217-5860 or email her.

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Edith Kraemer

June 1, 2018

Many years ago, when the Watumull family owned HPP, I owned an acre of land. At that time an acre went for $795.00. I held on to it until 1989 when I decided to move away from NYC and ended up in Seattle, which was the only place I visited which “spoke to me”! Needed funds for the move, security for apartment, etc. so sold my acre for $8,000!
Have been single all my life (am 91 years old now) and would never have built a house, but it was a good investment.

Am still very interested in the area and do hope that HPP has not been affected by Kilauea. Of course Madam Pele may have other ideas! Would really appreciate hearing from someone at the subdivision about what’s happening.
Thanks in advance. Aloha, Edith

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