There are some vacant land lots on unpaved roads and mostly off grid that are selling for for below $12,000. In Nanawale Estates (mostly 8,000 sq. ft. lots) the median land price is around $7500 with a few sales in the $2,000 to $5,000 range. Eden Roc Estates is located about 18 miles from Hilo and 1 acre lots are selling between $10,000 and $15,000; many are off grid. Ainaloa Estates which is located about 16 miles from Hilo has 12,000 sq. ft. lots selling from $10,000 to $20,000; electric, phone, DSL and in some areas cable.
Hawiian Paradise Park, one of the largest subdivisions near Hilo, has listings below $30,000 for 1 acre lots. Most of Paradise Park has electric, cable, and DSL. Homes in this subdivision start at around $200,000; there are a few deals priced lower. Keep in mind that this is not ocean front property. But the climate is great and you can grow almost anything here. The ocean front and ocean view lots and homes in this Paradise Park are usually priced much higher.
If you want to move to Hawaii, the areas around Kea'au, Pahoa, Kurtistown, Mountain View and Volcano have the cheapest real estate in Hawaii. You still get what you pay for. If you want ocean views or resort properties, those are still going to be in much higher prices ranges. I'll try to cover some other subdivisions on the east side (windward side) of the Big Island next week.
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