74-4969 Kealakaa St Kailua-Kona, HI 96740

Special use permit allowing a 5 bedroom Bed and Breakfast on this property!!!<br><br>Rare Tropical Oasis with Two Permitted Homes on One Acre – Ocean Views & Pool!<br><br>Welcome to your slice of paradise! Nestled on a lush 1-acre lot in beautiful North Kona, this unique property features two fully permitted homes – perfect for extended family, guests, or rental income.<br><br>The main residence is a recently updated two-story home boasting 2 large bedrooms and 2 bathrooms on the upper level, along with a spacious kitchen, dining area, living room and a large lanai that overlooks the property’s tropical landscaping, private pool, and the ocean beyond. Downstairs, you’ll find a third bedroom with an ensuite bath, a large utility room, an additional full bathroom, and a generous recreation space—ideal for entertaining or relaxing. The home also includes an attached 2-car garage for convenience.<br><br>The second home is plenty of distance away from main home so it has privacy. It is a charming, single-level 2 bedroom, 2 bathroom cottage with its own private feel—ideal as a guesthouse, rental opportunity, or space for multigenerational living.<br><br>Whether you’re looking for a private retreat, a place to gather loved ones, or a smart investment, this rare offering delivers it all—island living, income potential, and panoramic views in one stunning package. Each house has separate power meter.<br><br><br><br>TMK and MLS may not match. Buyer and buyer agent to investigate and do their due diligence.