Ocean View - Beach Property For Sale #6462286

Welcome to an incredible opportunity in Hawaiian Ocean View Estates (HOVE) on Hawaii's Big Island! This 1.6-acre parcel, with three 1-bedroom/1-bath homes, a workshop/garage, and lush garden space, all with Ocean views, is perfect for investors or dreamers ready to embrace island life. Whether you're seeking passive income, a sustainable retreat, or an agritourism venture, this off-grid property in one of Hawaii's most affordable markets is calling your name! Why You'll Love This Investment: Instant Cash Flow: Two charming cottages (600 sq. ft. and 850 sq. ft., both built in 2018) are tenant-occupied, delivering immediate income. Rent all three homes (post-rebuild) for up to $3,600/month or live in one and lease the others for ~$2,495/month. With Hawaii's high demand for rentals, consider long-term leases or vacation rentals (check Hawaii County STR permit rules for short-term rentals). Growth Potential: The third home is ready for a rebuild into a matching 1B/1B with ocean views, boosting your rental income. Explore Hawaii's tax incentives for eco-friendly upgrades to maximize returns. Eco-Friendly & Self-Sustaining: Solar power with battery storage keeps costs low, with gas appliances included. The 1.6 acres are perfect for fruit trees, veggies, or chickens-live off the land or start a farmstand near Highway 11 for extra income (follow Hawaii Department of Agriculture rules). Versatile Workshop: Use the spacious garage for hobbies, a garden nursery, or small business-ideal for HOVE's creative vibe (verify uses with Hawaii County Planning). With stunning views and endless possibilities, this property is a rare find in Hawaii's hot market. Contact us to see how this HOVE treasure can spark your vision!