Big Island Homes with Leasehold Land tenure

Welcome to the enchanting Big Island of Hawaii, where stunning landscapes meet vibrant culture and a laid-back lifestyle. As the largest island in the Hawaiian archipelago, the Big Island is a treasure trove of natural wonders, from the majestic Mauna Kea volcano to the lush rainforests of Hilo. With its diverse climate and breathtaking scenery, this island offers something for everyone, whether you’re an adventure seeker, a beach lover, or someone looking to embrace the tranquil island life.

For those considering a move to this paradise, it’s essential to understand the unique aspect of leasehold land tenure prevalent in the area. Many homes on the Big Island are situated on leasehold land, meaning that while you own the home, the land itself is leased from a landowner, often for a long-term period. This arrangement can offer a more affordable entry point into the real estate market, making it an attractive option for both first-time buyers and seasoned investors.

Living in a leasehold property on the Big Island allows you to immerse yourself in the local culture while enjoying the island's stunning vistas and vibrant community. With a variety of homes available, from charming bungalows to luxurious oceanfront estates, you can find the perfect residence to suit your lifestyle. Embrace the spirit of Aloha and discover the beauty of the Big Island, where your dream home awaits amidst the lush landscapes and warm, welcoming atmosphere. Whether you're looking for a vacation retreat or a permanent residence, the Big Island offers unparalleled opportunities to create lasting memories in a truly breathtaking setting.

Newest Big Island Homes with Leasehold Land tenure

$672,000

3 Beds ⋅ 3 Baths ⋅ 732129 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Located in Keauhou Mauka, the heart of the Kona Coffee Belt, this property offers a lifestyle that most would envy. The farm is 19.5 acres, with approximately 11.5 acres of planted coffee, with over 3000 trees that are fully accessible by machine. The house is open and airy, with Brazillian Cherry wood floors in the main living area, skylights and sweeping ocean views. There are 3 bedrooms on the second level as well as an office, full sized bathroom, a dining area and a living room. Upstairs on the third level is a large primary bedroom and its own bathroom. On the ground floor level is a one car garage, a bonus room and Farmhand quarters with a full bathroom. Make your Kona Coffee dreams a reality! **Agricultural land and county water. Property is being sold AS IS. Farm equipment is not included in the sale. Verification of funds is required prior to showing. Property is owner occupied and 48 hours notice is preferred. Home inspection available.

78-1134 Bishop Road, HOLUALOA

Listing courtesy of Coldwell Banker Island Properties - Kona.

$199,500

1 Baths ⋅ 732011 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Islander Inn BLDG.

This is a leasehold property. LOCATION, LOCATION, LOCATION!!! 52 YEARS REMAINING on this leasehold condo!!! STVR permitted!!! Right in the middle of the OCEANFRONT action, however quiet and secluded at the same time. CHARMING mid-century atmosphere amid tropical garden with POOL, HOT TUB, and outdoor BBQ GRILL. Perfect for the owner occupant, where with a SMALL downpayment first time buyers can own their home for possibly less then what they are currently paying for rent and as owner occupants enjoy a lower real property tax. Current real property tax only $2,462.72. Coin laundry on the premise.

75-5776 Kuakini Highway Unit 221, KAILUA KONA

Listing courtesy of Aloha Hawaiian Realty.

$325,000

3 Beds ⋅ 3 Baths ⋅ 731783 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. This newly constructed home is ready for move in day! Really the only thing left to do is create your oasis with whatever landscaping suits you best. The interior was designed with modern living in mind. From the open concept living area with kitchen island, to the durable luxury vinyl plank flooring, this home is beautiful and practical all at the same time. The fresh clean color pallet is enhanced by all of the natural light coming through home's windows. Washer and dryer hookups are in the covered carport. This is an affordable housing property and buyers must qualify financially by being in the income range of 80% - 140% of the Hawai'i County median income. Call for more information, or visit https://haleohawaii.org

11-3319 Pa Alii St, VOLCANO

Listing courtesy of COMPASS.

$699,000

5 Beds ⋅ 3 Baths ⋅ 731103 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. The lease is a Kamehameha Schools/Bishop Estate Agricultural Productive Lease which is set to expire on 10/31/2051. Gracing this productive 5.53 acre macadamia and coffee farm is an impressive and well maintained two story 5 bedroom/3 bath home located at the lower end of the property. The home is situated at an approximate elevation of 1,100' and overlooks a beckoning and picturesque stretch of the South Kona District coastline. Notable features of the home include * An upper level with 1,672sqft of living area that includes 3 bedrooms and 2 bathrooms was completed in 1983. * A lower level with 2 bedrooms and 1 bathroom was added and finalized in 1993. * Covered lanais of 546sqft on the upper level and 80sqft on the lower level. * A spacious kitchen area with plenty of counter space and cabinetry. * Bathrooms were updated in 2011. * Solar hot water system installed in 2008. * An attached 3 car carport of 930 sqft that includes a lockable storage area as well as a family recreation area. Residential Landscape: * Large well maintained lawn area on the northern side with rock retaining walls. * An attractive garden area containing anthuriums and hapuu. * Plenty of room for raised garden beds. Farm Area: * Has approximately 100 producing and mature macadamia trees. Approximately 300 coffee trees have planted in the past 5 years. * Miscellaneous fruit trees. * A neighbor owned fence forms the northern boundary while an intermittent rockwall bounds the southern boundary. * A 4*4 road provides access to the upper end of the farm. * A processing and storage shed is conveniently located at the lower end of the farm. This special property is conveniently located 5 miles from Captain Cook and just over a mile from the Honaunau Elementary School. Kailua-Kona and the Kona Airport are within 17 and 24 driving miles respectively. https://player.vimeo.com/video/1205189352

84-5084 Hawaii Belt Rd, CAPTAIN COOK

Listing courtesy of Sue Brown Realty and Associates.

$849,000

3 Beds ⋅ 2 Baths ⋅ 731416 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Rare opportunity to acquire the former Hawaiian Host South Kona facility, a landmark property in the heart of the Kona Coffee Belt. Situated on approximately 3.1 acres along Lower Napoʻopoʻo Road, this Kamehameha Schools Bishop Estate leasehold property includes a 3-bedroom, 2-bath caretaker residence, approximately 11,000+ square feet of warehouse, manufacturing, office, storage, and retail/showroom space. Existing infrastructure provides a rare combination of operational capacity, flexibility, and expansion potential in one of Hawaiʻi Island's most desirable agricultural regions. Leasehold interest extends through February 29, 2052. Properties of this size, infrastructure, and potential rarely become available in South Kona. Property is being sold As-Is. Buyers are encouraged to conduct their own due diligence regarding lease terms, assignment requirements, permitted uses, and all matters material to their purchase. All information herein is deemed reliable but not guaranteed. Buyers and their agents should independently verify any information they deem material or important to their purchase.

83-5711 Lower Napoopoo Rd, CAPTAIN COOK

Listing courtesy of eXp Realty.

$358,800

2 Beds ⋅ 1 Baths ⋅ 730721 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. This nearly 10 acre property offers the sustainable, off-grid lifestyle many dream of and now available for the first time on the market! Perfect for a family or individual seeking to live the farming lifestyle, it combines a solid home, income-producing orchards, and panoramic coastline views with year-round sunsets. The 2-bedroom, 1-bath 1975 home is well-built, with an additional large room (formerly an office, now storage), a separate carport and attached tool shed housing the off-grid system. A second detached structure provides a covered workspace and secure storage. Off-Grid Systems Include: * 2 catchment tanks: steel tank at the top of the property gravity-feeds the home and a second tank supplies the orchards * 6 PV panels * 2 Outback solar inverters & 2 Signature Solar EG4 batteries * Propane on-demand hot water, range, and refrigerator The property is fully fenced and thoughtfully laid out for farming and homesteading. Mature plantings include 2.5 acres of Kona coffee, lychee, and mixed crops ( *see attached fruit tree list ), plus two large vegetable garden plots, and areas previously planted with taro, sweet potato, and asparagus. With daily farmers markets nearby, there’s ample opportunity to generate a comfortable income from the land. Located 1 mile up Telephone Exchange Road, directly above Pu‘uhonua O Hōnaunau, the property enjoys sweeping ocean views spanning from Kealakekua Bay to Hōnaunau. This is a rare offering where sustainable living, income potential, privacy and breathtaking Kona coast scenery come together. The property overlooks Pu’uhonua O’Honaunau, The City Of Refuge; a National Historical Park, which is a culturally significant Hawai’i landmark. Other nearby beaches include Ho’okena, Manini, Ke’ei and Kealakekua Bay. * KSBE LH properties require a cash purchase and take approximately 6 months to Close escrow * Lease to 12/31/2055.

84-539 Telephone Exchange Rd, CAPTAIN COOK

Listing courtesy of Hawaii Life.

$499,000

5 Beds ⋅ 3 Baths ⋅ 727411 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Set on approximately 0.7 acres, this 2,168 sq ft home is surrounded by mature vegetation, offering privacy with no neighbors in sight. Located at the end of a shared driveway, the setting provides a peaceful atmosphere while remaining just minutes from town conveniences. The home features two distinct living areas, creating flexibility for extended family, guests, or rental potential. Upstairs, a freshly painted, spacious 3-bedroom, 2-bath layout includes two large flex rooms ideal for an office, gym, or additional living space. The kitchen is appointed with granite countertops and opens to a generous covered lanai for outdoor living and enjoying the ocean breeze and year-round temperate climate. The easily fenced side yard is ideal for pets. The ground level offers a comfortable 2-bedroom, 1-bath configuration with a large living area and full kitchen, also recently painted. This level opens directly to a lush, wooded yard with excellent elevation for gardening and growing a variety of tropical fruits. Exterior stairs on the mauka side connect both levels. Additional features include a 2-car carport with ample storage, laundry area, and workshop space. Conveniently located in Keauhou Mauka, just minutes from the amenities of Keauhou, Kona Community Hospital, and ocean access offered at Keauhou Bay, Kahaluʻu Beach Park, and Magic Sands Beach Park. Approximately 15 minutes to the airport and Costco. Leasehold: Privately held lease with expiration on May 30, 2040 (non-renewable). Current lease rent is $6,000 annually. This presents a unique opportunity to secure fixed housing costs while enjoying the benefits of homeownership in a highly desirable Kona location. **Check out the fly-through video: https://player.vimeo.com/video/1189121870

78-6929 Mamalahoa Hwy, HOLUALOA

Listing courtesy of Hawaii Life.

$1,200,000

5 Beds ⋅ 4 Baths ⋅ 729664 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. This exceptionally private 8-acre agricultural estate blends refined living with a fully established, income-producing coffee and macadamia nut farm. Set at the end of a double-gated road running the length of the property, with no neighbors in sight. The complex features 5 bedrooms and 4 bathrooms across thoughtfully designed ground-level structures connected by covered walkways. Five outdoor lanais, a hot tub, and a 42-foot lap pool with Trex decking create a resort-like setting ideal for daily living and entertaining. The land is level, fully fenced, and enhanced by mature landscaping, including ~ 50 stately palms, irrigated lawns, and productive orchards—creating a park-like setting year-round. Designed for both lifestyle and agricultural use, the property includes dedicated spaces: a coffee roasting room, packing and shipping area, bakery, shop, and equipment storage. Three covered parking spaces and room for additional farm vehicles. Ag inventory includes 4,000+ coffee trees, 120 macadamia nut trees, and fruit trees including avocado, mango, banana, breadfruit, and guava. Recent improvements include a remodeled kitchen and select bathrooms with granite countertops, fresh interior and exterior paint, new appliances, and updated lighting and fixtures. Multiple water heating systems and extensive outdoor lighting enhance efficiency and usability. The long-term farm manager is available for continuity. A unique opportunity for those seeking privacy and an estate suited for multi-generational living, agricultural income, or a retreat lifestyle. Minutes from the City of Refuge and some of the best ocean access for water sports in the state. Nearby beaches include Ho‘okena, Manini, Ke‘ei, and Kealakekua Bay. ** KSBE Ag LH properties require a 100% cash purchase ** Escrows typically take approximately 6 months to close ** Check out the fly-through video: https://player.vimeo.com/video/1187813841

83-5369 Manako Rd, CAPTAIN COOK

Listing courtesy of Hawaii Life.

$395,000

6 Beds ⋅ 4 Baths ⋅ 730020 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Two houses on 3.8 Acre Farm with Coffee and various fruit trees. Located high up near the end of Rabbit Hill Rd. Fantastic ocean views. The lower house is 3 bedroom, 2 bathroom recently remodeled. The middle level has a small 1 bedroom, 1 bathroom unit that has bee used for worker's quarters. The upstairs house is 2 bedroom, 1 bathroom recently remodeled. Annual lease rent is only $2,152. The lease goes on to July 1, 2044. Seller has installed a new Septic system that was required by the Lessor.

83-5749 Rabbit Hill Rd, CAPTAIN COOK

Listing courtesy of Kona Resort Properties.

$200,000

3 Beds ⋅ 2 Baths ⋅ 202606069 MLS ⋅ LH - Leasehold Tenure

This is a Hawaiian Homestead DHHL Land and must qualify for DHHL Homestead. Must be Native Hawaiian to purchase. Located in the heart of Keaukaha, this Hawaiian Homestead property is truly a hidden gem. Known for its strongsense of community and close proximity to the ocean, Keaukaha is one of Hilo’s most special and sought-afterneighborhoods. Just minutes from the beach and only 15 minutes to downtown Hilo, the location offers the best ofisland living. This 3-bedroom, 2-bathroom home offers a generous layout with plenty of room to grow. While thecondition is below average and will require renovation, it's a great opportunity for someone looking to restore orreimagine a property in a prime location. With some vision and effort, this could be your perfect slice of Keaukahaparadise. Buyer must be on the Hawaiian Homes List with the Department of Hawaiian Homelands.

236 Lyman Avenue, Hilo

Listing courtesy of Coldwell Banker Realty.

$390,000

5 Beds ⋅ 2 Baths ⋅ 728049 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Opportunity to revitalize a previously productive farm property with excellent soil and diverse established fruit trees. The property features a 4-bedroom, 2-bathroom main living area upstairs with a spacious lanai and comfortable living area. Each bedroom is well sized with views out over the surrounding farm land. The lower level includes a separate 1-bedroom, 1-bathroom living area, along with a large paved carport/workshop space suitable for equipment, storage, or workspace. Additional shed and workshop structures provide further room for farm operations, many constructed with durable steel framing. The farm includes a variety of mature trees including ‘ulu (breadfruit), mango, macadamia nut, jaboticaba, longan, avocado, and coffee, providing a strong foundation for continued agricultural use. The property features deep, productive soil throughout the farm, making it well suited for orchard crops or diversified agriculture. Location is well balanced for a rural lifestyle while only minutes away from the services and compliments of Captain Cook and downtown Kailua Kona. Lease allows for cultivation of truck crops, orchard crops, flowers, or nursery crops, with a minimum of 3.5 acres in productive cultivation. Permitted uses also include a farm dwelling (subject to lessor approval), processing and wholesaling of crops, and storage and retail sales of processed agricultural products. The current lease expires February 29, 2056, providing long-term use for agricultural and farm-related activities.

84-5040 Hawaii Belt Rd, CAPTAIN COOK

Listing courtesy of Livingston Realty.

$788,000

3 Beds ⋅ 3 Baths ⋅ 727647 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. 10.6 acre with a new KSBE lease to 10/31/2057. Searching for one home or possibly two on peaceful acreage, just minutes to the best beaches for ocean access? Then Look No Further! Check out this charming, 3 bedroom, 2 bathroom 1720 interior sqft home with 2 car garage built in 2005. Meticulously maintained home exudes simple luxury with unique details throughout including recessed tongue n groove ceilings, a versatile 3rd bedroom corner room & a discreet television closet. The thoughtfully designed open floor plan, positions the kitchen at the north side of the home with a clear line of sight to the front door. Entertaining will be a delight with the spacious island, Granite counters, pine cabinets, double wall ovens and gas cooktop. The kitchen opens to the 1048 sqft covered lanai, nearly doubling the living space and a wonderful place to experience ocean views and the typical year-round perfect weather. The primary en suite opens to its private section of the lanai. The bathroom features a comfortably sized tile and stone walk-in shower. Additionally, the outside shower makes clean up more convenient from working or playing outside. Separate 4-car, 1056 sq ft garage, built in 2004, away from the main house and currently used as a shop and quilting studio would be ideal converted into an additional farm dwelling. * Both structures were recently painted * Being offered turnkey furnished. * 9 acres in mature/producing mac nuts * Home is privately situated in the upper middle of the property with no neighbors in sight. The property is between Middle Ke’ei Rd and 555 acres of pasture. Located just minutes to The City Of Refuge and some of the best ocean access for water sports in the state. Other nearby beaches include Ho’okena, Manini, Ke'ei & Kealakekua Bay. ** KSBE Ag LH properties require 100% cash purchase * Escrows take a minimum of 6 months to Close

83-5611 Middle Keei Rd, CAPTAIN COOK

Listing courtesy of Hawaii Life.

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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.