68-1807 UALA ST # Waikoloa HI 96738

Positioned on an elevated lot along a palm-lined drive, this versatile property offers ocean views, privacy, and strong multigenerational or investment potential. The flexible floor plan features a spacious upper-level main residence plus a large downstairs 1-bedroom apartment-style ohana with its own private entrance — ideal for long-term rental income, extended family, guest quarters, or executive housing. The upper level features an open-concept layout with bamboo flooring, expansive west-facing windows, and a covered lanai capturing ocean and sunset views. The kitchen includes stone countertops, cooktop, large walk-in pantry, and a large picture window framing views toward Haleakalā. Custom built-ins enhance the dining and living areas, while the primary suite offers a spacious walk-through closet, dual vanities, and walk-in shower. The downstairs ohana-style level is exceptionally large and functional, featuring a generous bedroom with walk-in closet, full bathroom, living/family room, wet bar, covered lanai, and separate exterior access while still connected by an interior stairwell. The layout creates excellent separation and privacy between living spaces, making it highly attractive for income-producing use or flexible occupancy options. Additional features include: Large downstairs apartment with separate laundry area 2-car garage with new washer and dryer Extensive interior and under-home storage Mature tropical landscaping with banana, mango, pomelo, orange, and citrus trees Low-maintenance yard A rare opportunity to own a flexible island property with strong rental configuration potential, ocean views, and multiple living options in one of Hawaii Island’s desirable residential communities.