Welcome to your very own Hawaiian oasis in the heart of Keaukaha! This rarely available gem sits on Kalanianaole Street, just moments from the East Side’s most beloved beaches, including Carl Smith Beach Park—home to gentle waves, sandy swimming spots, and frequent visits from friendly honu's. This 3-bedroom home is full of island charm, situated on a generous 20, 104 sq ft lot with room to grow. With the right planning and permits, there’s potential to build up to 3 additional structures—perfect for a multi-generational compound, income-producing rentals, or your own tropical retreat. But that’s not all! Head downstairs to discover a beautifully finished lower level, completed by a previous owner with pine tongue-and-groove paneling and natural lava rock features that add warmth and character. This level includes FOUR extra rooms—ideal for home offices, workshops, hobby spaces, or extra storage—plus a utility room with a large shower and a separate toilet area. 🔹 One of only a handful of single-family homes available on Kalanianaole Ave 🔹 Potential to build 3 additional structures (verify with County) 🔹 Over 20, 000 sq ft of land – plenty of space to expand or garden 🔹 Covered carport fits 2 vehicles + additional parking 🔹 Rock wall adds privacy and curb appeal 🔹 Close to beaches, parks, schools, and Hilo town 🔹 Two water heaters that are on timers Whether you’re looking for a peaceful home near the ocean, a creative live/work space, or a smart investment with future potential, 2048 Kalanianaole Street is a rare find in a prime Hilo location.