Honolulu Homes with Leasehold Land tenure

Welcome to Honolulu, the vibrant capital of Hawaii, nestled on the picturesque island of Oahu. Known for its stunning beaches, rich cultural heritage, and breathtaking landscapes, Honolulu offers a unique blend of urban sophistication and tropical paradise. With the iconic Diamond Head crater as a backdrop and the azure waters of the Pacific Ocean at your doorstep, it's no wonder that Honolulu is a sought-after destination for both residents and visitors alike.

One of the distinctive aspects of real estate in Honolulu is the prevalence of leasehold land tenure. This means that many homes and properties are situated on land that is leased rather than owned outright. While this may seem unconventional, it opens up a variety of opportunities for prospective homeowners. Leasehold properties often come at a lower purchase price compared to fee-simple properties, making it an attractive option for buyers looking to invest in this beautiful city without breaking the bank.

In Honolulu, you’ll find an array of leasehold homes, from charming beach cottages to modern condos with sweeping ocean views. Living in a leasehold property allows you to enjoy all the benefits of island life, including access to world-class dining, shopping, and outdoor activities, while also being part of a diverse community.

Whether you're seeking a permanent residence or a vacation getaway, Honolulu's leasehold properties offer a unique opportunity to experience the aloha spirit in one of the most beautiful places on Earth. Embrace the island lifestyle and discover your perfect home in this tropical paradise!

Newest Honolulu Homes with Leasehold Land tenure

$150,000

202614191 MLS ⋅ LH - Leasehold Tenure ⋅ 4 DOM ⋅ Mccully Shopping Center BLDG.

Turnkey 807 SF izakaya restaurant available through Assignment of Lease. Prime restaurant location with lease through 2031. Fully built out with FF&E included. Kitchen equipped with grease trap, exhaust hood, grill, deep fryer, refrigerators, freezers, table and counter seating, men’s and women’s restrooms in-unit, and existing liquor license (subject to approvals). Ample customer parking; employee parking available for an additional fee. Tenant pays base rent plus CAM, water, advertising, % rent, grease trap, GET, and separately metered gas and electricity.

1960 Kapiolani Boulevard Unit 107, Honolulu

$260,000

1 Beds ⋅ 1 Baths ⋅ 202614033 MLS ⋅ LH - Leasehold Tenure ⋅ 5 DOM ⋅ Waikiki Banyan BLDG.

Renovated Waikiki Banyan with a Nonconforming Use Certificate (NUC) for legal short-term rental use! This high-floor 1BR/1BA offers the perfect opportunity for a Waikiki getaway with the flexibility of vacation rental use. Thoughtfully updated with new kitchen cabinetry and appliances, new flooring, upgraded ceiling lighting, and refreshed finishes throughout-ready to enjoy from day one. Located on the cooler side of the building, the unit enjoys refreshing trade winds and a comfortable island atmosphere. Waikiki Banyan's newly upgraded amenity deck is now open, featuring a pool, hot tubs, recreation areas, and more. Just moments from world-famous Waikiki Beach, dining, shopping, and entertainment, this is your opportunity to own a refreshed piece of paradise in the heart of Waikiki. Leasehold property; Fee Simple interest is not currently available for purchase.

201 Ohua Avenue Unit 3403 T2 (NUC), Honolulu

$229,800

2 Beds ⋅ 4 Baths ⋅ 202608185 MLS ⋅ LH - Leasehold Tenure ⋅ 6 DOM ⋅ Wailana At Waikiki BLDG.

Beautifully Renovated Condo! PRICED TO SELL! Long 44-year land lease through 11/30/2069. Enjoy gorgeous open panoramic 5th-floor views over Fort DeRussy, Diamond Head, and the Hilton Hawaiian Village from Living Room and Primary bedroom! Spacious 2-bed/2-bath with 1,171 sq. ft. interior + 124 sq. ft. lanai (1,294 sq. ft. total). Central air conditioning. Brand new upgrades include new kitchen cabinets, quartz countertops, stainless-steel appliances, microwave, dishwasher, disposal, renovated tile bathrooms; washer/dryer and travertine floors. Just a short walk to the swimming beach & lagoon at Hilton Hawaiian Village. Convenient new ABC Store on the ground level, plus restaurants galore. Walk or take a short bus ride to Ala Moana Beach Park and Ala Moana Shopping Center. Everything to love about this condo and location! Includes one covered secured parking stall (Level 3), swimming pool, and large BBQ area. Condo is vacant and easy to show on short notice. Building allows 90 days-or-longer rentals and two pets. $1,848.12/mo (MFee + Reserves, internet, cable TV); Lease rent = $1,173.41/mo; RP Tax = $189.61/mo; Above totals = $3.211.14/mo. This condo won’t last at this price!

1860 Ala Moana Boulevard Unit 501, Honolulu

$230,000

2 Beds ⋅ 2 Baths ⋅ 202613489 MLS ⋅ LH - Leasehold Tenure ⋅ 7 DOM ⋅ Coronet BLDG.

Lowest-priced 2-bedroom, 2-bath opportunity in town! Welcome to The Coronet, a rarely available residence in the heart of Honolulu. This spacious home features 1,007 sq. ft. of interior living space plus a generous 109 sq. ft. lanai, elegant double-door entry, and expansive floor-to-ceiling windows that fill the home with natural light. Move-in ready, this residence offers a functional layout, in-unit washer and dryer, and a private storage unit conveniently located just outside the front door. Additional highlights include one assigned uncovered parking stall, secure building entry, an on-site resident manager, and only four units per floor for added privacy. Enjoy a prime central location with easy access to shopping, dining, medical facilities, bus lines, and freeway access. This leasehold property offers exceptional value with a very low lease rent of only $35.22 per month through March 31, 2029, with the lease expiring in 2044. An incredible value in urban Honolulu-must see to appreciate!

1314 Victoria Street Unit 803, Honolulu

$65,000

1 Beds ⋅ 1 Baths ⋅ 202613964 MLS ⋅ LH - Leasehold Tenure ⋅ 7 DOM ⋅ Kaioo Terrace BLDG.

Hawaii living at it's finest! This rarely available ground floor, one bedroom condo has everything you'll need for a property in Waikiki. Located near restaurants, the beach, stores, and Alamoana shopping center. This income producing property is move in ready! The property was entirely redone in 2021. New Bathroom, new kitchen, new appliances, new flooring, new paint, new AC. Parking in Waikiki can be a challenge, but not for this property, a parking stall is included and parking is first come first serve. Amenities include a secured entry, pool/jacuzzi, and a resident manager. Association and Maintenance fees include gas, electric, and trash. Don't wait! Inquire today!

1867 Kaioo Drive Unit 110, Honolulu

$385,000

2 Beds ⋅ 2 Baths ⋅ 202613632 MLS ⋅ LH - Leasehold Tenure ⋅ 10 DOM ⋅ Marco Polo Apts BLDG.

Welcome home to this spacious, well-maintained 2-bedroom, 2-bathroom residence offering over 1,000 square feet of interior living space and over 100 square feet of outdoor living space in the highly desirable Marco Polo building. Recently updated with new appliances, automatic window blinds, freshly painted, new luxury vinyl flooring, new faucets, and new window A/C units, this move-in-ready home combines comfort and convenience. Enjoy sweeping views of the Ala Wai Canal, Waikiki skyline, and breathtaking sunset vistas from your expansive lanai. The Marco Polo offers ample guest parking, making it easy to welcome family and friends. Its extensive list of amenities includes a large swimming pool, sauna, tennis courts, basketball and pickleball courts, golf driving nets, BBQ areas, a car wash station, bicycle and surfboard storage, a convenience store in the lobby, 24-hour security. This unit also includes two secured storage lockers. Please note: Any offers received contingent upon buyer’s acknowledgment and acceptance of the parking stall dispute or its resolution prior to closing. Monthly Tax Amount is based on 2025 Tax Assessed Values. Professional photos coming soon.

2333 Kapiolani Boulevard Unit 814, Honolulu

$80,400

2 Beds ⋅ 2 Baths ⋅ 202613746 MLS ⋅ LH - Leasehold Tenure ⋅ 10 DOM ⋅ Century Center BLDG.

LEASEHOLD - 2-bedroom, 2 bath, 1,205 square foot condo in sought after Century Center Condominium with views of the city and the mountains and minutes’ walk to Waikiki and Ala Moana. Century Center is zoned BMX-3 Community Business Mixed Use, which allows for both commercial and residential use. Amenities include a clubhouse, community pool, sauna, and tennis and walking trails. Make it your own. Jump on this great deal before its gone! All buyers are responsible to confirm City, County, Zoning, Tax, and other records to their satisfaction before bidding. No inspection contingencies in contract. Absolutely no repairs before closing. This property is sold As-Is. This is a REO auction property.

1750 Kalakaua Avenue Unit 3103, Honolulu

$275,000

2 Beds ⋅ 1 Baths ⋅ 202613758 MLS ⋅ LH - Leasehold Tenure ⋅ 11 DOM ⋅ Royal Aloha BLDG.

Incredible opportunity to own a rare, legal short-term vacation rental or the ultimate urban beach pad in the heart of Oahu. Located at the vibrant gateway of Waikiki, this turnkey, fully furnished 2BR/1BA condo at the iconic Royal Aloha is famed for its stunning ocean-facing Wyland whale mural. Investors will love this high-performing income property, optimized to sleep 4 to 6 guests with a fully equipped kitchen, cool AC, and a private lanai with mountain and city views. Perfect as a hands-off rental or a personal island getaway that pays for itself. Calling all locals! If you work in town or Waikiki, ditch the brutal daily commute and live where you play. This highly walkable location means you can skip the car hassle entirely. You are just steps from world-famous surf, scenic Ala Wai strolls, premier dining, luxury shopping, and major transit routes. Secure building, move-in ready, and unbeatable convenience. Surf in the morning, walk to work, and enjoy the true Waikiki lifestyle! Maintenance fee includes; electricity, AC central, water, and sewer. Leasehold expire 2041.

1909 Ala Wai Boulevard Unit 807, Honolulu

$98,000

1 Baths ⋅ 202613225 MLS ⋅ LH - Leasehold Tenure ⋅ 11 DOM ⋅ Inn On The Park BLDG.

An excellent opportunity to own a legal short-term vacation rental in a prime Waikiki location. Situated directly across from Ft. DeRussy Park, the unit offers accessible and vibrant city living - a short distance to Waikiki Beach, the Hilton Hawaiian Village, Ala Moana Shopping Center, and various restaurants. The unit is conveniently located near the elevator and features a charming lanai with neighborhood views. The building itself provides secure access and several amenities, including a pool and community laundry, and enjoy the use of the barbecue and recreation areas. Must see!

1920 Ala Moana Boulevard Unit 802, Honolulu

$419,000

3 Beds ⋅ 3 Baths ⋅ 202613253 MLS ⋅ LH - Leasehold Tenure ⋅ 12 DOM ⋅ Royal Kuhio BLDG.

Experience luxury penthouse living in the heart of Waikiki! This stunning two story penthouse offers over 2,400 sq ft of living area with breathtaking 180 degree views stretching from Waikiki Beach and the Pacific Ocean to the Ala Wai Canal, city skyline, and mountains. Ideally positioned to face the ocean, the home features soaring vaulted ceilings, dramatic floor to ceiling windows, and two open lanais that invite in the trade winds and provide the perfect place to relax and enjoy the fresh air. Remodeled in 2011, the home boasts beautiful marble tile flooring, a gourmet eat in kitchen, and tastefully renovated bathrooms. The spacious floor plan includes three bedrooms and three bathrooms, with one bedroom and full bath on the main level and two expansive upstairs bedroom suites, each with its own oversized en suite bathroom. Additional features include a full size washer and dryer in the unit and three covered parking stalls, a rare luxury in Waikiki. Enjoy the convenience of world class beaches, shopping, dining, entertainment, and everything Waikiki has to offer just moments from your front door.

2240 Kuhio Avenue Unit 3806, Honolulu

$60,000

1 Beds ⋅ 1 Baths ⋅ 202613715 MLS ⋅ LH - Leasehold Tenure ⋅ 12 DOM ⋅ Hawaiian Prince Apts Ltd BLDG.

Vacant 1 bedroom 1 bath condo at the Hawaiian Prince Apts LTD in the heart of Waikiki right across from International Marketplace. Parking available by waitlist with the site manager. Unique opportunity to create your own hideaway space in Waikiki. The Hawaiian Prince Apts LTD is a co-op property and requires interested buyers to interview with the site manager and one board member for approval. Minimum 30-day rental period to offer as a short-term rental. Unit is freshly painted and easy to renovate.

410 Nahua Street Unit 406, Honolulu

$185,000

1 Baths ⋅ 202613508 MLS ⋅ LH - Leasehold Tenure ⋅ 13 DOM ⋅ Five Regents BLDG.

Welcome home to a newly renovated studio where comfort meets charm. This stunning space has been completely upgraded, making it the nicest unit in the building! Enjoy stainless steel appliances, including a full-size refrigerator, oven, and microwave, along with a stylish under-mount sink. The unit features a new water heater and updated plumbing throughout, enhanced by under-cabinet lighting and inviting living room illumination. The bathroom boasts a smoked glass sliding door and all-new fixtures, including a toilet, shower enclosure, oversized medicine cabinet, and glass shelving. You'll appreciate the remote-controlled ceiling lights, beautiful wood laminate floors, and a custom mobile kitchen countertop that provides easy plumbing access. This space is both attractive and practical. Recently repainted and ready for you to move in or rent out, $25,000 has been invested in this remodel, so you won't need to worry about a thing. Plus, with low lease fees until 2078, this is a unique opportunity to make this place your home or a perfect opportunity for investment. Enjoy a fulfilling lifestyle with essential amenities right at your fingertips!

2888 Ala Ilima Street Unit 1606, Honolulu

Start Your Search

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.