With Superhost status and a 4.875-star average across 64 Airbnb reviews, this licensed, transferable STVR offers a proven income history. Two separate structures create three rentable units, offering a flexible layout suited to full-time living, rental use, or a combination of both. Just moments from Kealakekua Bay in the Captain Cook and Manini Beach area, Dolphin Bay House is set within one of Hawaiʻi’s most remarkable shoreline environments. The surrounding area is known for exceptional recreation and abundant marine life, with frequent sightings of spinner dolphins and sea turtles. Across the bay, the Captain James Cook Monument draws visitors by boat and by trail. A lush, private garden setting surrounds the property, with orchids, palms, and fruit trees woven throughout the landscape, blending the character of old Hawaiʻi with thoughtful modern updates. The main residence includes two bedrooms and two bathrooms upstairs, along with a ground-level one-bedroom suite with a separate entrance. It features its own washer and dryer, an outdoor shower, and beach gear for days spent near the water. A detached one-bedroom, one-bath cottage adds additional flexibility, complete with a full kitchen and living area, a dedicated washer and dryer, and its own driveway, ideal for guest privacy or expanded rental use. Parking for six or more vehicles is a notable advantage in an area where visitor parking can be limited. Originally remodeled in 2007 and meticulously maintained, Dolphin Bay House is move-in ready and presents a rare opportunity to own a distinctive property near Kealakekua Bay with an established rental history.