Oahu Homes with Leasehold Land tenure

Oahu Homes with Leasehold Land tenure

Welcome to Oahu, the vibrant heart of Hawaii, where stunning landscapes meet rich cultural experiences. Known as "The Gathering Place," Oahu is not just a tropical paradise; it’s a dynamic blend of bustling city life, serene beaches, and lush mountains. From the iconic skyline of Honolulu to the breathtaking vistas of Diamond Head, every corner of this island offers something unique.

For those considering a home in this idyllic location, it’s essential to understand the real estate landscape, particularly regarding leasehold land tenure. Many properties on Oahu are available under leasehold agreements, which means you can own the home but lease the land it sits on. This arrangement often makes homes more affordable, providing an excellent opportunity for first-time buyers or those looking to invest in a slice of paradise without the hefty price tag of freehold properties.

Living in a leasehold home on Oahu allows you to immerse yourself in the island’s culture while enjoying the benefits of ownership. With lease terms typically lasting between 30 to 99 years, you can still enjoy the beauty and lifestyle Oahu has to offer. Imagine waking up to the sound of waves crashing, with the stunning backdrop of the Pacific Ocean just steps away from your front door.

Whether you’re drawn to the surf culture of the North Shore, the vibrant nightlife of Waikiki, or the tranquil beauty of the Windward Coast, Oahu's diverse neighborhoods cater to every lifestyle. Explore the possibilities of leasehold living on this enchanting island and discover your dream home in paradise!

Newest Oahu Homes with Leasehold Land tenure

$120,000
202614311 MLS ⋅ LH - Leasehold Tenure ⋅ 3 DOM
Turnkey restaurant opportunity located in the highly trafficked Pearlridge Mauka Food Court. The lease assignment offers an excellent opportunity for a well-seasoned food operator to establish a presence in one of Oahu's premier regional shopping centers. The space is fully improved for restaurant use and includes an existing commercial kitchen with an exhaust hood and grease trap. The sale includes the existing Furniture, Fixtures & Equipment (FF&E), providing a streamlined transition for the new tenant. Confidential sale do not disturb the employees, owner or customers. Lease assignment subject to Landlord approval.

98-129 Kaonohi Street, Aiea
$300,000
202614349 MLS ⋅ LH - Leasehold Tenure ⋅ 2 DOM ⋅ Na BLDG.

880 Kamehameha Highway, Pearl City
$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
$100,200
3 Beds ⋅ 1 Baths ⋅ 202614112 MLS ⋅ LH - Leasehold Tenure ⋅ 5 DOM
LEASEHOLD PROPERTY. 3-bedroom, 1 bath, 952 square foot single family residence on 3,720 square foot lot in Wai’anae. Home is in walking distance to Wai’anae Boat Harbor, public library, Wai’anae Mall, Planet Fitness, Puukamailenu hike and Pokai Bay Beach Park. This is a leasehold property with the lease expiring June 2030. 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.

85-153 Ala Walua Street Unit D, Waianae
$600,000
202614090 MLS ⋅ LH - Leasehold Tenure ⋅ 6 DOM
A 2 acre portion of LOT 47-A. Nicely located at the beginning part of the phase 2 of the project. Waiting to be developed by the right owner.

94-1100 Kunia Road Unit 47 - A, Waipahu
$900,000
202613452 MLS ⋅ LH - Leasehold Tenure ⋅ 13 DOM
A 3 Acre portion of LOT 71, internally labelled as A,B and C. Nice view of the city, mountain ranges Wahiawa to the Ewa Plains and much more.. Waiting for the right owner to improve this piece of land and turn it into something special. Buyer shall become a member of an LLC under Lot 71 with a corresponding membership interest.

94-1100 Kunia Road Unit 71, Waipahu
$600,000
202614087 MLS ⋅ LH - Leasehold Tenure ⋅ 13 DOM
A 2 acre portion of LOT 29 at Kunia Loa Ridge Farmlands. Very nice location with sweeping view of the city, Diamond Head and Ewa plains. Come and improve this piece of land here by putting your agricultural skills to work and turn into your haven. Buyer becomes a member of the LLC under Lot 29 with corresponding membership interest.

94-1100 Kunia Road Unit 0029, Waipahu
$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
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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.