Nestled along the edge of rolling pasture land in the desirable Puu Nani subdivision of Waimea, this serene property offers the rare combination of flexibility, privacy, income potential, and Big Island lifestyle appeal - all priced just inches above tax assessed value. The property hosts two permitted buildings, creating flexibility for multigenerational living, guest accommodations, work-from-home option, or extended family use. Whether seeking a primary residence with supplemental income or a compound for extended family, the property presents numerous possibilities rarely found at this price point. Too many improvements to the property have been made over the past few years to detail. Contact Listing Agent for a full list. Set in the heart of Kamuela, the property enjoys a peaceful upcountry setting while remaining moments from the conveniences of town, renowned private schools, farmers markets, restaurants, and the rich ranching culture that defines this beloved North Hawaii community. World-class beaches, championship golf, and luxury resorts along the Kohala Coast are within easy reach, offering the perfect balance between cool Waimea evenings and sunny beach days. Information herein, while deemed reliable, may contain inaccuracies, & is provided without warranty/guarantee of any kind. Agents & Buyers are advised to engage qualified specialists to verify information they deem material or important to the purchase of the property including, but not limited to, the condition, permits & square footages. In addition, some of the images contained in this listing may be an artist's or Ai's impression of what the property "might" look like, including digital photo modification/enhancement and/or digital furniture staging.