This estate features two separate residences thoughtfully configured to offer up to four individual rental opportunities, or the flexibility to live in one and rent the other three-an ideal setup for multigenerational living, long-term rentals, guest accommodations, or investment income. Whether you're searching for a private family compound, an income-producing investment, or a combination of both, this remarkable estate delivers exceptional versatility in one of the Big Island's most desirable communities. Main Residence: Upper Level: Features a charming country kitchen, a dining area, and a light-filled great room anchored by a cozy fireplace. Three bedrooms, two full baths, and an indoor laundry room complete this level. The expansive lanai offers stunning ocean and coastline views through the tree canopy. Lower Level: A spacious two-bedroom/one-bathroom layout with a large enclosed lanai and dedicated laundry room. Adjacent is a large studio with a private entrance that can be easily adjoined or utilized as a separate living area. A cleared, level area below the main house is perfectly primed for a greenhouse, detached garage, or workshop. Permitted Farm Dwelling: Tucked away privately on the lower portion of the fenced acreage, this ~950 sq. ft. home boasts soaring open-beam ceilings with skylights, a generous great room, a full kitchen, two bedrooms, laundry, and a bath. Relax and unwind on the additional 200 sq. ft. screened, L-shaped lanai. Both dwellings have been recently painted and feature dedicated septic systems. This property offers the best of island living-just minutes from the art galleries, cafes, and charm of Holualoa town, and a short drive to downtown Kailua-Kona for shopping, dining, and essential services. With 15-20 minute access to some of the Big Island's most beautiful beaches, snorkeling spots, and surf breaks.