Magical waterfront lot you must see to believe! Become a part Hawaii's history. This is Royal Hawaiian land that was originally owned by King Kamehameha’s granddaughter and she was on one of the first Hawaiian stamps. You would be the fifth owner of this Royal land. This is an exclusive private 3 lot subdivision. It’s currently zoned as RM-10 multi residential which is a rare find and it’s worth more than a residential lot. You can create your own business and home. So what are your dreams? Currently it is approved to be a five bedroom, bed and breakfast or you can build two separate homes. Because RM-10 allows one dwelling per 10,000 sq ft and the lot is 20,000 sq ft. Which gives an option to build a family compound or do your dream business. This lot is so unique there are no comparables. We are the only to our knowledge lowbank waterfront where you can easily access the stream. The peaceful sounds of the river flowing, birds singing are both relaxing and inspiring. It’s landscaped like a botanical garden. This is your opportunity to own the only 20,000 sq ft waterfront lot on the Pukihae Stream. By the way Pukihae means forbidden in Hawaiian. Waterfront that is easily accessible for swimming and within walking distance of Old Hilo Town. This lot is zoned and approved for building a 5 bedroom Bed & Breakfast or two residential homes on 10,000 sq ft lots each or just building your own forever home. Your choice! Come and see the possibilities. Seller has already invested over $450,000 in improvements. Including terracing the hillside, landscaping, built a deck along the waterfront, two staircases, beautiful sitting and eating areas, a flowered cover trellis along the river with rocking chairs, rock walls, trellis fencing, beautiful organic gardens. Drift away in a rocking chair or hammock next to the beautiful sounding stream and smell the sweet aroma of gardenia, pikake’s, night blooming jasmine will take you away.