82-6289 Kahauloa St Captain Cook, HI 96704

More Than $100K in Net Rental Income for 2024! A rare opportunity to own a licensed short-term rental just 300 feet from Kealakekua Bay in the coveted Captain Cook and Manini Beach neighborhood. Dolphin Bay House includes a transferable STVR license and a strong income history, making it ideal as a high-performing vacation rental or a private retreat in one of Hawaiʻi’s most treasured coastal areas.<br><br>Surrounded by lush gardens filled with orchids, palms, and fruit trees, this home blends the charm of old Hawaiʻi with thoughtful modern updates. Enjoy unparalleled access to crystal-clear waters ideal for snorkeling, kayaking, and observing Hawaiian spinner dolphins, sea turtles, and vibrant marine life. Nearby, the Captain James Cook Monument adds historical significance and is a favorite hiking destination.<br><br>The main house features three spacious bedrooms and three bathrooms. The primary suite offers a soaking tub, dual granite vanities, and peaceful garden views. A ground-floor suite with its own entrance and sitting area provides privacy and comfort for guests. The updated kitchen is outfitted with granite countertops, two sinks, and modern appliances, perfect for preparing meals to enjoy outdoors.<br><br>A detached one-bedroom cottage with its own kitchen and living area offers additional flexibility for hosting friends or extended family. The breezeway between the main home and cottage includes laundry, an outdoor shower, and beach gear storage for easy island living.<br><br>Originally remodeled in 2007 and beautifully maintained, Dolphin Bay House is move-in ready. Whether you build on its success as a high-performing rental or transform it into your own private escape, this is a rare chance to own in one of Hawaiʻi’s most sought-after neighborhoods.