diff --git a/pkg/codegen/configuration.go b/pkg/codegen/configuration.go
index 727d813ff..290c139c3 100644
--- a/pkg/codegen/configuration.go
+++ b/pkg/codegen/configuration.go
@@ -57,6 +57,10 @@ type CompatibilityOptions struct {
 	// When an object contains no members, and only an additionalProperties specification,
 	// it is flattened to a map. Set
 	DisableFlattenAdditionalProperties bool `yaml:"disable-flatten-additional-properties,omitempty"`
+	// When an object property is both required and readOnly the go model is generated
+	// as a pointer. Set DisableRequiredReadOnlyAsPointer to true to mark them as non pointer.
+	// Please see https://github.com/deepmap/oapi-codegen/issues/604
+	DisableRequiredReadOnlyAsPointer bool `yaml:"disable-required-readonly-as-pointer,omitempty"`
 	// When set to true, always prefix enum values with their type name instead of only
 	// when typenames would be conflicting.
 	AlwaysPrefixEnumValues bool `yaml:"always-prefix-enum-values,omitempty"`
diff --git a/pkg/codegen/schema.go b/pkg/codegen/schema.go
index ce5f586a8..afb07eb2c 100644
--- a/pkg/codegen/schema.go
+++ b/pkg/codegen/schema.go
@@ -94,7 +94,9 @@ func (p Property) GoFieldName() string {
 func (p Property) GoTypeDef() string {
 	typeDef := p.Schema.TypeDecl()
 	if !p.Schema.SkipOptionalPointer &&
-		(!p.Required || p.Nullable || p.ReadOnly || p.WriteOnly) {
+		(!p.Required || p.Nullable ||
+			(p.ReadOnly && (!p.Required || !globalState.options.Compatibility.DisableRequiredReadOnlyAsPointer)) ||
+			p.WriteOnly) {
 
 		typeDef = "*" + typeDef
 	}
@@ -594,7 +596,7 @@ func GenFieldsFromProperties(props []Property) []string {
 
 		fieldTags := make(map[string]string)
 
-		if (p.Required && !p.ReadOnly && !p.WriteOnly) || p.Nullable || !overrideOmitEmpty {
+		if (p.Required && !p.ReadOnly && !p.WriteOnly) || p.Nullable || !overrideOmitEmpty || (p.Required && p.ReadOnly && globalState.options.Compatibility.DisableRequiredReadOnlyAsPointer) {
 			fieldTags["json"] = p.JsonFieldName
 			if p.NeedsFormTag {
 				fieldTags["form"] = p.JsonFieldName