“Oceanview lot in Hawaii for about $22,500?”
I haven’t seen the specific location of the property, but in Hawaii it could be on the side of a volcano and easily be miles from the coast, but still have “Oceanview”.
Agree...not the same as 200’ of ocean frontage
“Oceanview lot in Hawaii for about $22,500?”
What did it over look, the ocean view of the village sewage discharge? That has to be a miss print. I can see 1/8 acre for $225,500.00
...and why ‘ocean view’ means something in Florida...
The entire island of Hawaii consists of volcanos. HPP (the development in question here) is right on the water (Kaloli Point).
Prior to the first eruptions in recent history (1982), the windward (eastern) side was spared the disgusting and unhealthy vog (volcanic fog) about 90% of the time. It was a problem only when the Kona winds blew. (Conversely, the wonderful Kona - western, ritzy - side of the island with its sunshine, million-dollar hotels, and beautiful beaches suffered Los Angeles-level vog most of the time.)
Now, after the eruptions, which are continuing, the eastern side suffers vog most of the time.
I divested myself of my land holdings about twenty years ago, but still have siblings there in HPP, so remain abreast of real estate market developments and the like.
Hilo has really been going downhill, economically, for about 20 years.
$22,500 sounds exactly right for a quarter-acre lot in HPP. Even on the same road, there might be other lots going for twice that - or half that (because they are in a gulch, are located next to a crack house, etc.)
I purchased some half-acre lots (with utilities - i.e., on power) for $15k back in the 1990s and then developed them.
Regards,