Rare Kealakekua Bay opportunity with an active STVR Nonconforming Use Certificate (NUC)! One of only eight homes on the north side of Napoʻopoʻo Wharf leading toward Napoʻopoʻo Beach, this property puts you within a short walk of one of Hawaiʻi Island's most special coastal settings. Kealakekua Bay is known for its clear water, marine life, kayaking, snorkeling, fishing, and dramatic coastline, with the historic Captain Cook Monument visible across the bay. Napoʻopoʻo is a small and unique waterfront village where opportunities to own this close to the bay are limited. From the house, you can grab your beach gear and walk down to the water, while enjoying the benefits of being set back from direct oceanfront exposure. There is a large park and pavilion alongside the significant historic Heiau. Built on a narrow lot, the home makes creative use of the property with four levels of flexible living and outdoor space. The first living level includes one bedroom, a kitchen, living area, and covered lanai. The next level offers another bedroom, living area, and wraparound lanai and wet bar. Above it all, the rooftop-style upper deck takes advantage of ocean and coastline views, cooling breezes, and provides an awesome place to start the morning or wind down at the end of the day. The lower garage/basement level provides substantial room for vehicles, storage, beach and ocean gear, while the surprisingly spacious backyard offers private green space with room for gardening and outdoor enjoyment. Mature tropical landscaping adds privacy and character throughout the property. The home is functional as-is while also presenting an excellent opportunity for a new owner to remodel and create something special in a location that is difficult to replicate. Walk to Kealakekua Bay, enjoy the ocean-oriented lifestyle of this historic South Kona community, and retain the added value and flexibility of a permitted vacation rental.