73-4481 OOMA Pl Kailua Kona, HI 96740

Discover the perfect blend of peaceful country living and exceptional investment potential in this desirable area of North Kona. Situated at an ideal elevation in a quiet neighborhood of one-acre properties with expansive ocean views, this 1.15-acre parcel offers a rare configuration featuring three separate living spaces, making it an outstanding income-generating property for long-term or short-term rentals or an ideal multi-generational compound. Main Upper Level: A bright, light-filled 3-bedroom + office, 2-bathroom home offering1,635 sq. ft. of comfortable living. Enjoy beautiful coastline and ocean views, an inviting living area featuring a cozy fireplace, and direct access to a wrap-around lanai perfect for sunset watching and wonderful outdoor dining. Two Additional Separate Living Spaces: the ground level was brilliantly finished in 2023 to create two 1-BR/1-BA separate living areas with private entries and 1-car garage space - perfect for generating reliable rental income with steady, long-term tenants. With the house set well back from the street, the property is well-maintained and offers a taste of island living with mature citrus and macadamia nut trees, with huge kukui trees creating a park-like setting above the house. Located on a lot subdivided before 1976, a second dwelling can be built on the property without Planning approval. Whether you want a gracious property where you can live upstairs and let the lower units offset the mortgage or you are looking to expand your investment portfolio with a premium, multi-unit income residence, this O'oma Place property is a must see! View Matterport 3D tour here: