$1,550,000

High-Income spacious two-story Vacation Rental in the Heart of Kailua-Kona Village with exceptional ocean/sunset views! Prime Commercial (CV10) Zoned Property just ½ Block above Ali‘i Drive. Ideal for residential, business, or mixed-use development (2,862 sq. ft. of total interior space). Discover one of Kona’s most versatile and profitable investment properties! This centrally located free-standing building in Kailua-Kona Village offers both residential comfort and commercial potential; just steps from beaches, restaurants, shops, resorts and more! Income & Opportunity: - Proven high-income vacation rental: averaging $120,000 annually - Active and transferable STVR license - Commercial zoning allows flexible use: additional residential units, medical or business offices, or creative studio spaces Upper-Level Residence: - 1,538 sq. ft. of living space with central AC system as well as ceiling fans throughout - Spacious 3 bedrooms / 2 bathrooms - Expansive 462 sq. ft. covered lanai (porch) with stunning ocean and sunset views. - Bright living room with lots of natural light and more stunning sea/horizon views - Full kitchen, tiled dining area, and laundry room Lower-Level Space: - 1,324 sq. ft. of finished interior space - 3 large garage/studio bays with bathroom and laundry room - Additional expansive 480 sq. ft. private lanai (covered porch) with tropical garden views - Separate entrances, perfect for conversion into additional residential units, studios, or offices - Parking: 7 paved open spaces and driveway for easy access - Electric: Two separate 200-amp meters (upstairs & downstairs) for all your commercial/residential needs Live, work, and earn, all in one of Kona’s most desirable and walkable locations... This property truly represents one of the best investment opportunities in Kailua Village today!