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: https://my.matterport.com/show/?m=u1s3wzVifbW&mls=1