73-1218 Melomelo St, KAILUA KONA, HI 96740

Property Description

Rare Opportunity to acquire this highly desirable fully furnished home offering ocean, coastline, harbor, and sunset views along with an outstanding income-producing opportunity. Located on a quiet side street on Melomelo St. with virtually no road noise, this versatile property features two completely separate living spaces, making it ideal for extended family, multi-generational living, or exceptional long-term rental income. Upper Level: The upper level showcases a 3-bedroom, 2-bathroom layout with an open-concept design filled with natural light, vaulted ceilings, and a spacious covered lanai perfectly positioned to capture Kona's incredible sunsets and ocean views. Zoned split A/C systems in all three bedrooms ensure cool, comfortable sleeping spaces. Lower Level: The lower level is entirely self-contained and fully air-conditioned with its own split A/C units. This space functions as a separated 1-bedroom, 1-bathroom, & features its own private entrance, an expansive covered lanai, a full living area, and a highly functional kitchenette equipped with a refrigerator, dishwasher, and freestanding kitchen island. It also boasts a large, private flex room with its own split A/C and window: perfect for a home office, walk-in pantry/laundry room, or as you see fit! A truly remarkable 4 bedroom, 3 bath home that's loaded with upgrades. 2 separate washer and dryer sets, new roof installed in 2023 & a spacious two-car garage. Outside, enjoy a fully fenced backyard with mature tropical landscaping, offering privacy and room to relax or entertain. Properties with this level of versatility and proven performance are rarely available. With an amazing rental history, two independent living spaces, expansive lanais on both levels, & a prime location just minutes from beaches, shopping, dining, Kona Airport, & Honokōhau Harbor. An exceptional opportunity for both investors and owner-occupants seeking the very best of Kona living.