Menu
You are here:Savio Home / Resources / Investing In Real Estate / Rycroft Terrace

Rycroft Terrace

One of the Pagoda's two buildings, a 162-unit low-rise called the Pagoda Terrace, will be modified into fee-simple condos priced from $118,000 to $263,950 and renamed Rycroft Terrace. The project will consist of studios with 331 square feet, 1 bedroom/1 bathroom from 558-655 square feet, and 2 bedrooms/one bathroom with 709-759 square feet.

This will be an affordable housing project under the HDCA guidelines.

Unit features will include but are not limited to: window a/c, wall-to-wall carpeting, window coverings, TV cable outlet in living room, telephone jacks in living room and bedroom(s), refrigerator, disposal, and smoke detector.

Building features will include but are not limited to: fee simple, community laundry on the 2ndand 4thfloor, and swimming pool.

Kamehameha Schools has agreed to sell the land under the Pagoda Terrace to local developer Peter Savio, who will handle the condo conversion that includes making nearly $2 million in repairs and renovations.

back to top

About the Savio Group

Peter B. Savio is President and Chief Executive Officer of the Savio Group of Companies. Peter has more than 40 years experience in real estate development and sales in the Hawaii market; he has been helping his clients realize the maximum return on their real estate investments since he founded Savio Realty Ltd. in 1980.


Savio Realty Ltd.

Focused in Residential and Commercial real estate across the islands and rental management on the Big Island. With 3 offices and 100+ agents, we can help you buy, sell, or invest in Hawaii real estate. Learn more »

Savio Asset Management LLC

Rentals and property management services. We have extensive experience in helping tenants and property owners with all of their rental needs - from managing properties to maintenance & repairs.  Learn more »

Savio Developments Ltd.

With more than 30 years of project brokerage in Hawaii, Savio Developments is continuously developing landmark properties throughout Hawaii. Learn more »