A rare offering just moments from Kealakekua Bay in the prized Captain Cook and Manini Beach community. Dolphin Bay House delivers an incredible opportunity to enjoy life near one of Hawaiʻi's most beautiful ocean settings. This licensed, transferable STVR features a strong income history and two separate structures comprising three rentable units, offering valuable flexibility for short-term rental use or a personal island retreat.

A lush private garden setting surrounds the property, with orchids, palms, and fruit trees woven throughout the landscape, blending the charm of old Hawaiʻi with thoughtful modern updates. Just steps away, crystal-clear water perfect for snorkeling, kayaking, and spotting Hawaiian spinner dolphins, turtles, and other marine life makes this a truly special place. Nearby, the Captain James Cook Monument remains one of the area's most historic landmarks.

The main residence features two bedrooms and two bathrooms upstairs, as well as a ground-floor one-bedroom suite with a separate entrance. The main house features its own washer and dryer, an outdoor shower, and ample beach gear for relaxing days by the water.

The separate one-bedroom, one-bath cottage includes a full kitchen and living area, a dedicated washer and dryer, and its own driveway, adding privacy and versatility for hosting guests or enhancing rental potential.

Parking for at least six vehicles is a rare convenience in an area where visitor parking can be limited, providing a notable benefit for short-term rental guests.

Remodeled initially in 2007 and meticulously maintained, Dolphin Bay House is move-in ready. With its exceptional location near Kealakekua Bay, flexible layout, lush tropical surroundings, and proven rental history, this is a truly special opportunity to own a one-of-a-kind property in one of Hawaiʻi's most desirable shoreline neighborhoods.