One-of-a-Kind Estate with Breathtaking Ocean Views & Established B&B Permit – Kailua-Kona, Hawaii<BR><BR>Offered for the first time in nearly 25 years, this extraordinary 1.2-acre estate is a rare gem just minutes from downtown Kailua-Kona. Perched above Keauhou Bay with over 100 feet of panoramic ocean and sunset views, this property blends timeless Old Hawaii charm with modern upgrades and exceptional income potential.<BR><BR>Tropical Paradise Living<BR><BR>Surrounded by lush, professionally landscaped gardens and 16 mature fruit trees—including mango and avocado—this estate is a plant lover’s paradise. Terraced gardens, vibrant tropical foliage, and automatic landscape lighting create a tranquil, resort-like setting.<BR><BR>Spacious Main Residence<BR><BR>The 3, 708 sq ft home offers 5 bedrooms and 5.5 bathrooms, ideal for multi-generational living, hosting guests, or flexible use. Recent updates to the kitchen and primary bathroom add modern style while preserving the home’s open-beam architecture and island character.<BR><BR>Resort-Style Outdoor Amenities<BR><BR>Two large swimming pools<BR><BR>Built-in hot tub<BR><BR>Expansive lanais and outdoor entertaining areas<BR><BR>Private terraces with stunning ocean and sunset views<BR><BR>Established, Grandfathered Bed & Breakfast<BR><BR>This property includes a rare, county-registered B&B permit. Sale includes all business documentation and licensing, offering a valuable turnkey opportunity with an established clientele.<BR><BR>Key Features<BR><BR>Standing seam metal roof<BR><BR>Solid slab foundation<BR><BR>Open-beam ceilings<BR><BR>Paved county roads<BR><BR>Central yet private location near Kailua-Kona and Keauhou Bay