Exceptional opportunity in the heart of Waimea Town on 2.04 level acres of former Parker Ranch land. Tucked behind a grand lava rock wall with gated entry, this distinctive property combines residential flexibility, substantial improvements, and exceptional potential in one of Hawaii Island's most desirable Upcountry locations. The updated residence features two separate 2-bedroom, 1-bath living spaces, each with its own entrance, providing flexibility for rental income, guests, or a variety of living arrangements. Both spaces are move-in ready and filled with comfortable Upcountry character. The centerpiece is an extraordinary custom-crafted barn designed for enthusiasts and adaptable to a wide range of uses. Soaring ceilings, rich wood finishes, expansive workshop and storage areas, loft-style living spaces, kitchen, two bathrooms, and a spacious apartment create possibilities for a collector's retreat, workshop, studio, showroom, or potential barn-dominium. The oversized garage is set up to accommodate up to seven full-size trucks. The exceptionally flat 2.04-acre parcel is enhanced by an approximately 900' x 16' reinforced concrete loop driveway, constructed with 4,000 PSI concrete to support large vehicles and machinery. Generous open areas provide room for equipment, gardens, storage, or possible equestrian use, with ample flexibility to adapt the property to individual needs. Existing barn-dominium plans are available. Zoned A-1A with two water meters, the property may also offer subdivision potential, subject to Buyer verification, county approvals, and due diligence. Rarely does a property combine acreage, versatility, income potential, and extensive improvements in such a convenient Waimea location. Enjoy easy access to private schools, farmers markets, shopping, dining, local theater, and everyday amenities while owning a truly distinctive legacy property with endless possibilities.