This is a leasehold property. New KSBE Lease through 5/31/2058 Enjoy wide coastline, ocean views and ocean breezes from this manageable 3.53 acre agricultural property situated at the upper north end of Rabbit Hill Road. The land is steep in topography and well-suited for growing coffee and most tropical fruits. Established, mature plantings include different varieties of banana, citrus, and coconut. The permitted 2 Bedroom, 1 Bath home is in very poor condition and will require substantial renovation, likely down to the studs. Utilities are already in place with HELCO overhead power and County municipal water connected. This offering represents strong value and potential for the right Buyer. Per KSBE requirements, 2 acres must be actively farmed. The property looks over Kealakekua Bay, with other nearby beaches including Manini, Ke‘ei, Pu‘uhonua o Hōnaunau (The City of Refuge), a culturally significant National Historical Park and Ho‘okena. Hōnaunau also features a boat ramp, is home to the Keoua outrigger team, and provides excellent access to ocean activities. The town of Captain Cook is only minutes away, offering a grocery store, Post Office, restaurants, Ace Hardware, and a vibrant Sunday Farmer’s Market. ** KSBE Agricultural Leasehold properties require a 100% cash purchase. ** Expect a minimum of 6 months to Close Escrow. ** Lease rent is Annual