Perched above Kailua-Kona in the cool elevations of Kalaoa, this distinctive three-story plantation-style estate blends architectural character, luxury finishes, and rare income-producing flexibility on a beautifully landscaped third-acre lot. The third-floor primary suite is a private sanctuary with soaring cathedral ceilings, sweeping Pacific Ocean views, and a crystal chandelier that anchors the space. The spa-inspired ensuite features a freestanding soaking tub, marble tile, rain shower, and pebble stone floors. The main living level showcases rich Koa LVP floors, knotty pine columns, custom 5-inch trim throughout, and an open-concept kitchen with gas range, granite countertops, and subway tile backsplash. The living room and live-edge dining area open to a wraparound covered lanai with ocean views beyond the palms. A standout feature is the dedicated Pilates studio with dance-grade hardwood floors, wall-to-wall mirrors, and private entrance — perfect for boutique fitness, wellness practice, or creative use. Two private Ohana units offer immediate income potential as short-term or long-term rentals, making this a rare live-work-earn opportunity in the Kona market. Additional highlights include a green standing-seam metal roof, leased solar, mature tropical landscaping, a modern horizontal slat fence, and a location minutes from Kailua-Kona's beaches, shops, restaurants, and Kona International Airport.