82-6289 Kahauloa Rd, Captain Cook, HI 96704

Over $100K in Net Rental Income in 2024! A rare opportunity to own a licensed short-term rental just 300 feet from Kealakekua Bay in the highly desired Captain Cook and Manini Beach community. Dolphin Bay House conveys with a transferable STVR license and proven income history, offering excellent potential as a premier vacation rental or a private coastal retreat.<br><br>Surrounded by vibrant gardens with orchids, palms, and fruit trees, the property blends the charm of old Hawaiʻi with thoughtful modern updates. With direct access to crystal-clear waters ideal for snorkeling, kayaking, and watching Hawaiian spinner dolphins, turtles, and tropical marine life, this home is perfectly positioned for both adventure and relaxation. Nearby, the Captain James Cook Monument adds cultural significance and is a favorite hiking destination.<br><br>The main residence features three spacious bedrooms and three baths, including a serene primary suite with soaking tub, dual granite vanities, and lush garden views. A ground-floor suite with a private entrance and sitting area offers excellent guest accommodations. The updated kitchen features granite counters, dual sinks, and modern appliances, making it ideal for preparing meals to enjoy on the lanai.<br><br>A detached structure with its own kitchen and living space provides additional flexibility for guests, enhancing the property’s rental potential. Between the two structures, a breezeway offers laundry facilities, an outdoor shower, and storage for beach gear—perfect for effortless island living.<br><br>Remodeled initially in 2007 and meticulously maintained, Dolphin Bay House is move-in ready. Whether you continue its success as a high-performing rental or enjoy it as a private sanctuary, this property represents a rare chance to own in one of Hawaiʻi’s most sought-after coastal neighborhoods.