Waikiki Homes with Leasehold Land tenure

Welcome to Waikiki, a vibrant neighborhood nestled on the southern shores of Oahu, Hawaii. Known for its stunning beaches, lively atmosphere, and rich cultural heritage, Waikiki is a paradise that seamlessly blends the beauty of nature with urban convenience. Whether you’re a beach lover, an aspiring surfer, or someone who enjoys fine dining and shopping, Waikiki has something for everyone.

One of the unique aspects of Waikiki is its leasehold land tenure. Many homes and condos in this area are offered on a leasehold basis, which means you can enjoy the benefits of living in this sought-after location without the hefty price tag that comes with freehold properties. Leasehold arrangements typically involve a long-term lease (often 30 years or more), allowing residents to enjoy the perks of Waikiki living while managing their investment more flexibly.

Imagine waking up to the sound of gentle waves and the scent of salt in the air, all while being just a stone’s throw from the iconic Waikiki Beach. The neighborhood boasts a plethora of amenities, including world-class restaurants, boutique shops, and cultural attractions like the Honolulu Zoo and the Waikiki Aquarium. The vibrant nightlife adds an extra layer of excitement, making it a perfect place for both relaxation and adventure.

Whether you’re looking to invest in a vacation rental or seeking a permanent residence, Waikiki’s leasehold properties offer a unique opportunity to experience the aloha spirit in one of the world’s most desirable destinations. Come discover why Waikiki is not just a place to live, but a lifestyle to embrace!

Newest Waikiki Homes with Leasehold Land tenure

$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

$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

$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

$70,000

1 Beds ⋅ 1 Baths ⋅ 202613546 MLS ⋅ LH - Leasehold Tenure ⋅ 14 DOM ⋅ Tradewinds Hotel Inc BLDG.

Excellent buy! Spacious 1-bedroom, 1-bath unit with open spacious lanai Great cross ventilation. Brand newWhirlpool refrigerator, bathroom vanity, kitchen sink, cooktop and built-in murphy bed. Central and convenientlylocated Waikiki home! Near beaches, parks, great shopping, dining and Ala Moana Center, Hilton Lagoon, WaikikiYacht Club and major hotels. Tradewinds Hotel offers great amenities including a saltwater swimming pool, beautifulcourtyard and BBQ areas, bike and surfboard racks, laundry facilities, and guest parking stalls. The property is gatedwith a security guard, secured elevator, and property manager. Maintenance fee includes Coop property tax,electricity, water, sewer internet and TV. The ideal Waikiki getaway or second home. Property will be sold in as iscondition.

1720 Ala Moana Boulevard Unit 603A, Honolulu

$140,000

1 Beds ⋅ 1 Baths ⋅ 202613408 MLS ⋅ LH - Leasehold Tenure ⋅ 14 DOM ⋅ Waikiki Banyan BLDG.

Enjoy the cooler mountain-side breezes from this desirable 6th-floor unit at Waikiki Banyan. Located on the same floor as the recently renovated amenity deck, this unit offers convenient access to the swimming pool, BBQ areas, and recreational facilities. One of the rare features of this unit is the dedicated space and capability for an in-unit washer and dryer installation, highly sought-after amenity not commonly found at Waikiki Banyan. This property offers excellent vacation rental potential for investors while also providing a convenient island retreat. Ideally situated just minutes from Waikiki Beach, world-class dining, shopping, entertainment, and all that Waikiki has to offer. A unique opportunity to own a versatile vacation rental property in one of Honolulu’s most popular destinations. This property is leasehold and it will expire in 2035. Fee purchase is not available.

201 Ohua Avenue Unit 609 Tower-II, Honolulu

$85,000

1 Beds ⋅ 1 Baths ⋅ 202612749 MLS ⋅ LH - Leasehold Tenure ⋅ 18 DOM ⋅ Kalia BLDG.

Experience Waikiki living at The Kalia, a charming leasehold cooperative community ideally located just moments from Hilton Hawaiian Village, the Ilikai Hotel & Marina, world-famous beaches, restaurants, shopping, and entertainment. This well-maintained residence offers an exceptional opportunity to own in one of Honolulu's most desirable neighborhoods. The Kalia is a leasehold cooperative with a land lease that expires in 2048. The total monthly fee of $1,503.94 includes lease rent ($634.09), maintenance fees ($726.24) covering all utilities and high-speed internet, cable ($53.61), and co-op property taxes ($90.00), providing convenient, predictable monthly living expenses. Whether you're looking for an island retreat, a primary residence, or a place to enjoy the Waikiki lifestyle, you'll appreciate the unbeatable location with easy access to beaches, parks, dining, shopping, and public transportation.

425 Ena Road Unit 207B, Honolulu

$45,000

1 Baths ⋅ 202613271 MLS ⋅ LH - Leasehold Tenure ⋅ 19 DOM ⋅ Kuhio Village 2 BLDG.

Seller says sells AS IS. Feb 2026 clean water leak from tub upstairs Professional remediation with blowers and cut drywall Bring your drywall person Priced below market and good for legal STR.

2450 Prince Edward Street Unit 301A, Honolulu

$138,000

1 Baths ⋅ 202612957 MLS ⋅ LH - Leasehold Tenure ⋅ 23 DOM ⋅ Inn On The Park BLDG.

Discover unbeatable convenience at Inn on the Park, ideally situated between Waikiki and Ala Moana. This 14th-floor studio offers approximately 322 sq ft of living space (363 sq ft total with the 41 sq ft lanai) and enjoys a pleasant city view. Built in 1978 with durable steel-frame construction, the building offers residents a pool, sauna, and patio/deck common areas. Whether you're seeking a personal pied-à-terre, a vacation getaway, or an income-producing rental (the unit has an established vacation rental history), this property offers exceptional flexibility. Monthly maintenance fee of $661 includes cable TV, electricity, sewer, and water. Please note: this is a leasehold property. The land lease runs through December 2035, with a current monthly lease rent of $242. Buyers are encouraged to review the remaining lease term and any renewal/fee conversion terms prior to purchase. Currently occupied as a vacation rental — please contact the listing agent for showing availability.

1920 Ala Moana Boulevard Unit 1414, 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.