This paper presents an enhanced hybrid asymmetrically clipped optical orthogonal frequency division multiplexing (EHACO-OFDM) scheme, which benefits from the simultaneous transmission of ACO-OFDM, pulse-amplitude-modulated discrete multitone modulation, and direct-current-biased optical orthogonal frequency division multiplexing (DCO-OFDM). Since the entire available bandwidth is utilized for data modulation, this scheme can achieve higher spectral efficiency than HACO-OFDM and ACO-OFDM. Moreover, as a smaller DC bias is introduced in our scheme, it is more power efficient than asymmetrically clipped DC-biased optical OFDM (ADO-OFDM) and DCO-OFDM. A modified receiver is also designed for this system, taking advantage of an iterative algorithm and a pairwise averaging. It has been shown by simulation that our three-path simultaneous transmission scheme can surpass the existing mixed OFDM-based schemes at high data rates. In addition, compared with the noniterative receiver, the modified receiver exhibits significant gains.