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$685,000
2 Beds ⋅ 1 Baths ⋅ 729152 MLS ⋅ ['Fee Simple'] Tenure ⋅ Hana Hou Cottages BLDG.
One of the most unique properties available in Waimea, this dual-zoned unit offers exceptional flexibility for residential, professional, and investment use—all within one of the town's most desirable and central locations. Whether envisioned as a full-time residence, professional office, income-producing rental, or a combination of uses, the property's zoning creates opportunities rarely found in downtown Waimea. Currently operating as a medical office, the property provides immediate rental income while preserving future options for owner occupancy, business use, or continued rental investment. The approximately 1,060-square-foot interior includes two bedrooms, one full bathroom, a kitchen, and a comfortable living area, allowing seamless transition between residential and commercial applications. Further enhancing its value, this is one of only two units in the building with deeded parking rights. The property also benefits from professional on-site HOA management. Unlike four of the six downstairs office units, which are restricted to daytime office use and lack kitchens and bathrooms, this unit is fully equipped for residential occupancy, making it uniquely versatile within the complex. Ideally situated in the center of Waimea, the property is just steps from popular dining and gathering destinations including Merriman's Waimea, Pau Pizza, Taco Rosa, Arvo Café, Surf Camp, and Moa Kitchen. Shopping, schools, farmers markets, and daily conveniences are all within easy walking distance. Combining dual zoning, deeded parking, residential amenities, established rental income, and an unbeatable in-town location, this property represents a rare opportunity to live, work, invest—or enjoy all three—in the very heart of Waimea. Showings are available on weekends only until the current tenant vacates in approximately August 2026.

65-1229-A Opelo Road Unit 5, KAMUELA

Listing courtesy of COMPASS.

$2,500,000
4 Beds ⋅ 4 Baths ⋅ 730437 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kamuela Heights BLDG.
Atop Waimea's most elevated and private street, this meticulously remodeled estate captures some of the most spectacular panoramic views on Hawai‘i Island—from the rolling pastures of Waimea to Mauna Kea, Mauna Loa, Hualālai, and the Kohala coastline beyond. Reimagined in 2011, the residence was thoughtfully designed to embrace the extraordinary setting through expansive windows, generous gathering spaces, exceptional privacy, and seamless indoor-outdoor living. The main level centers around a light-filled great room with fireplace, where walls of glass frame breathtaking vistas and open to a spacious lanai. The Chef's kitchen features custom cherry wood cabinetry, detailed millwork, an oversized island, and an adjoining dining area ideal for both everyday living and entertaining. Privately positioned off the great room, the primary suite enjoys abundant natural light and a spacious bath with dual vanities, soaking tub, and walk-in shower. An additional ensuite bedroom and third bedroom with detached bath are located opposite of the laundry room. Extensive renovations enhanced both comfort and craftsmanship, including expanded living areas, widened hallways and doorways for accessibility, and custom mahogany doors, trim, handrails, and hardware handcrafted by Amish artisans. The lower level offers exceptional flexibility with a private-entry studio complete with a full kitchen and bath, dedicated office, flex room, and access to the expansive three-car garage. Outside, the level backyard offers room for a future pool, sport court, or additional amenities. An owned net-metered photovoltaic solar system and solar hot water system further enhance efficiency and long-term value. Combining enduring craftsmanship, remarkable privacy, and commanding Big Island views, this distinguished estate represents an opportunity within one of Kamuela's most coveted neighborhoods.

65-1310 Lihipali Rd Unit B, KAMUELA

Listing courtesy of COMPASS.

$198,350
726599 MLS ⋅ ['Fee Simple'] Tenure ⋅ Pomaikai Cottages BLDG.
Pomaikaʻi 5 represents one of the most desirable office locations in Waimea, situated within a short walking distance of Merriman’s, Pau Pizza, and Surf Camp Coffee. Owned by the Seller for 26 years, the property has appreciated at an estimated compound annual rate of approximately 7.5%. Along with the current below-market asking price, Seller is pleased to be passing on this value added history. The commercially zoned 342 square foot office is ideally positioned on a quiet cul-de-sac in the heart of Waimea, offering rare tree-shaded tranquility and privacy seldom found in commercial properties. The discreet, off-road location has contributed to exceptionally low tenant turnover. Pomaikaʻi 5 is a corner unit featuring windows on two sides, providing natural light, serene views and convenient, hassle-free parking. The space has previously been occupied by a well-regarded real estate professional, nonprofit organization, and mental health practitioner. Recent updates include luxury flooring and fresh interior paint. Owner may entertain Seller financing with a considerable down payment and stable buyer/tenant.

65-1241 Pomaikai Pl Unit 5, KAMUELA

Listing courtesy of COMPASS.