Oahu Homes with Leasehold Land tenure

Oahu Homes with Leasehold Land tenure

Welcome to Oahu, the vibrant heart of Hawaii, where breathtaking landscapes and a rich cultural tapestry come together to create a truly unique living experience. Known as "The Gathering Place," Oahu is home to the bustling city of Honolulu and the world-famous Waikiki Beach, offering a perfect blend of urban excitement and natural beauty. From the majestic Diamond Head crater to the serene beaches of the North Shore, Oahu boasts stunning vistas that captivate residents and visitors alike.

When considering a home on this enchanting island, it’s essential to understand the concept of leasehold land tenure, which is a prevalent option in Oahu’s real estate market. Unlike freehold properties where you own the land outright, leasehold properties allow you to purchase a home while leasing the land from a lessor, typically for a term of 30 to 99 years. This arrangement can often make homes more affordable, providing an excellent opportunity for those looking to invest in the island lifestyle without the hefty price tag of freehold properties.

Living in a leasehold home on Oahu doesn’t mean sacrificing quality or comfort. Many of these homes are well-maintained and located in desirable neighborhoods, offering access to stunning beaches, lush parks, and a vibrant community. Whether you’re drawn to the laid-back charm of Kailua or the lively atmosphere of Honolulu, Oahu’s diverse neighborhoods cater to all lifestyles.

Embrace the island life and explore the possibilities that Oahu has to offer—your dream home awaits!

Newest Oahu Homes with Leasehold Land tenure

$100,200
3 Beds ⋅ 1 Baths ⋅ 202614112 MLS ⋅ LH - Leasehold Tenure
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. Employees or directors of JPMorgan Chase & Co. and its direct and indirect subsidiaries are strictly prohibited from directly or indirectly purchasing any property owned or serviced by or on behalf of JPMorgan Chase & Co. or its direct and indirect subsidiaries.

85-153 Ala Walua Street Unit D, Waianae

Listing courtesy of REALHome Services & Solutions.

$520,000
4 Beds ⋅ 2 Baths ⋅ 202611336 MLS ⋅ LH - Leasehold Tenure
NO SHOWINGS until after the open house on Sunday, June 14th, from 1 to 4 p.m. Aloha and welcome home to the Waianae Coast! Framed by mountain views, this 4-bedroom, 2-bath Hawaiian Home Lands (DHHL) home saves its best surprise for the front door: soaring vaulted ceilings over a bright, open living space with a new kitchen, new flooring, and fresh interior paint. Move-in ready! Start your mornings on the covered lanai, give kids and pets the run of the fully fenced, well-maintained yard, and settle into the relaxed Leeward lifestyle. 1,156 sq ft of living space on a 7,526 sq ft lot. A rare opportunity to own a piece of paradise at an affordable price. Please note: This is a DHHL leasehold property. Buyer must be Native Hawaiian with at least 50% Hawaiian ancestry, an eligible DHHL beneficiary & on the wait list. All transfers subject to DHHL approval. Important Disclosure: Bathroom count does not match tax records. Property has 3 full baths; the third is attached to an unpermitted bedroom converted from the utility shed. Buyers to verify all information and do their own due diligence regarding permits. All offers must be in by the offer deadline of Thursday, June 18th at 8pm.

85-1290 Kumaipo Street, Waianae

Listing courtesy of eXp Realty.

$675,000
3 Beds ⋅ 2 Baths ⋅ 202611279 MLS ⋅ LH - Leasehold Tenure
Hawaiian Homes Lands-Kanehili

91-1245 Kinoiki Street, Kapolei

Listing courtesy of Keller Williams Honolulu.

$170,000
4 Beds ⋅ 2 Baths ⋅ 202611078 MLS ⋅ LH - Leasehold Tenure ⋅ Ulu Wehi BLDG.
Great First-Time Homebuyer Opportunity! Become a homeowner today! This beautifully maintained LEASEHOLD property is priced well below market value—an incredible opportunity you don’t want to miss. Featuring the desirable single-level layout with carport, 4 bedrooms, and 1.5 bathrooms, this home offers comfortable and spacious living at an affordable price point. With the option to extend the current lease through 2055, and eligibility for Conventional, VA, FHA, and USDA financing, this home provides flexibility for a wide range of buyers. Recently renovated in 2023, it’s move-in ready—no need to leave the island to find value like this! Conveniently located near schools, shopping, dining, and just minutes from stunning Westside beaches, this home combines lifestyle and value. Schedule a showing today!

85-260 Ala Hema Street Unit D, Waianae

Listing courtesy of Foster Realty, Inc..

$350,000
5 Beds ⋅ 5 Baths ⋅ 202610333 MLS ⋅ LH - Leasehold Tenure ⋅ Heights At Wailuna BLDG.
Enjoy the space and privacy of a detached 5-bedroom, 4.5-bath home in The Heights at Wailuna. With approximately 2,271 sq. ft. of interior living space, this home offers a flexible layout that includes a bedroom and full bath on the ground floor, multiple living areas, and a two-car garage. The generous floor plan provides ample room for multigenerational living, extended family, guests, remote work, or simply those seeking additional space to fit their lifestyle. Residents enjoy access to Wailuna community amenities including a pool, tennis courts, recreation areas, and walking paths, all within a convenient Pearl City location near shopping, dining, schools, parks, military installations, and freeway access. Leasehold property with lease through December 31, 2043. Opportunities to purchase a detached home of this size in desirable Wailuna at this price point are few and far between. Property sold As-Is.

98-1860-J Kaahumanu Street Unit 52, Pearl City

Listing courtesy of Locations LLC.

$775,000
4 Beds ⋅ 3 Baths ⋅ 202610385 MLS ⋅ LH - Leasehold Tenure
DHHL Buyers let's start your Legacy Today! Huge Yard with Spacious 4 bedroom 3 bath home has 1,598 sq. ft. of living space on a 6,113 sq. ft. lot. Flexible floor plan includes a bedroom and full bathroom on the first floor, ideal for guests, multi-generational living, or a home office. Enjoy comfortable indoor and outdoor living with ample yard space for entertaining & dinning under the covered lanai or making memories playing in the landscaped yard! Conveniently located near Ka Makana Ali‘i, Costco, UH West O‘ahu, schools, parks, restaurants, golf courses, beaches, and freeway access. Kapolei's growing array of shopping, dining, and entertainment options are just minutes away. A wonderful opportunity to own a home in one of West O‘ahu's most convenient communities! Buyer must be at least 50% Native Hawaiian & on the Department of Hawaiian Home Lands waitlist. Don't miss this opportunity to own in Kapolei's growing Second City schedule your showing today!

91-1141 Kealiiahonui Street, Kapolei

Listing courtesy of eXp Realty.

$399,000
4 Beds ⋅ 2 Baths ⋅ 202610249 MLS ⋅ LH - Leasehold Tenure
Bring your vision to life! Experience the laid-back lifestyle of Nanakuli in this Department of Hawaiian Home Lands property situated on an expansive 17,562 sq. ft. lot filled with endless possibilities. Imagine enjoying cool trade wind breezes, wide open outdoor space, and the peaceful feeling of West Side living just minutes from beautiful beaches, hiking, and breathtaking sunsets. The property features a mature mango tree, adding to the island charm and creating the perfect setting for relaxing afternoons and gatherings of all sizes with family and friends. The existing home serves as a blank canvas ready for your design ideas and personal touches, offering the opportunity to truly take this property to the next level. Whether you’re dreaming of multigenerational living or creating your ideal outdoor oasis, there is plenty of space here! Enjoy privacy and true island lifestyle that make this property so special. This one won’t last long — schedule your showing today! *Buyer must be eligible under the Department of Hawaiian Home Lands, and on the current waitlist.

89-432 Haleakala Avenue, Waianae

Listing courtesy of Foster Realty, Inc..

$525,000
4 Beds ⋅ 2 Baths ⋅ 202610028 MLS ⋅ LH - Leasehold Tenure
Leasehold Hawaiian Home Lands property in Nanakuli. Buyer must be 50% Hawaiian and on the Hawaiian Home Lands Waitlist. 4 bedroom 2 bath home located in a cul-de-sac on a large 7,500 sq ft lot.

89-1153 Naniahiahi Place, Waianae

Listing courtesy of Locations LLC.

$450,000
3 Beds ⋅ 1 Baths ⋅ 202609822 MLS ⋅ LH - Leasehold Tenure
Papakolea Hawaiian Homeland leasehold property. TEAR DOWN. LOOKING FOR A CASH BUYER. Large upslope property with views of mountain, city and ocean. SHOWN BY APPOINTMENT ONLY. DO NOT ENTER PROPERTY WITHOUT LISTING AGENT PRESENT. Buyer must be atleast 50% Hawaiian and active on the Hawaiian Home Lands Wait List.

756 Iaukea Street, Honolulu

Listing courtesy of Hawaii Homes Connection Corp..

$625,000
4 Beds ⋅ 4 Baths ⋅ 202609401 MLS ⋅ LH - Leasehold Tenure
This Hawaiian Homestead property is the best one on the market right now! The property is a 4-bedroom, 3.5 bath home that offers opportunity for an eligible Hawaiian beneficiary to purchase in an established homestead community on Oahu's leeward coast. Built in 1997 and remodeled in 2025, the home features approximately 2,131 sq ft of interior living space on 7,788 sq ft lot. Key features include 20 OWNED SOLAR PANELS (PV), a 6-zone split AC and heating systems, and a rooftop deck. Additional upgrades include a backup power generator hookup, designated laundry room, home office, entertainment areas, backyard bar, outdoor kitchen, separate work/tool area, full perimeter wall and security fence, and security cameras around the property. Move-in ready. Buyers must qualify with Department of Hawaiian Home Lands to purchase the property. Call your favorite agent if you have any questions. Nanakuli Hawaiian Homestead single-family home - Department of Hawaiian Home lands (DHHL) leasehold property.

89-1183 Pikaiolena Street, Waianae

Listing courtesy of Coldwell Banker Realty.

$420,000
3 Beds ⋅ 2 Baths ⋅ 202605567 MLS ⋅ LH - Leasehold Tenure
Rare opportunity with this exceptional legacy property, appearing on the market for the first time in generations, located in the highly sought-after Hawaiian Homestead community, Papakolea. Buyer must be at least 50% Native Hawaiian & on the DHHL waitlist. Sitting on a spacious 7,500 sqft corner perimeter lot at a dead-end road, offering privacy & tranquility. Imagine waking up to the gentle rustle of the adjacent lush forest & enjoying your morning coffee on one of two lanais framing panoramic views of Punchbowl, city's skyline, mountain, & gorgeous sunsets. Major upgrades include enhanced foundation with CMU columns & a new water heater. This home is a blank canvas ready for your personal touch & modern vision. From gardening to entertaining, you’ll love the versatility of the fenced front & back yards. Massive crawlspace for lots of storage, & convenience of private carport, driveway, & plenty of street space for parking. Located near the Papakolea Community Park & minutes from the heart of Honolulu. Cash offers are welcome, & property is sold in as-is condition. Don't miss your chance to plant roots in one of Honolulu's most historic & tight-knit neighborhoods at this value!

469 Kalamaku Street, Honolulu

Listing courtesy of Locations LLC.

$699,900
4 Beds ⋅ 3 Baths ⋅ 202608138 MLS ⋅ LH - Leasehold Tenure
This four-bedroom, 2.5-bathroom residence is situated on a level 5,887 sq. ft. lot within the Hawaiian Home Lands in Kapolei. The interior has been updated with fresh paint and new carpeting in the bedrooms and on the stairway. The property is equipped with a leased photovoltaic system. Its location is in proximity to UH West Oahu and the Ka Makana Alii mall. This is a leasehold property with a lease rent of one dollar per year paid through 2101. Per Department of Hawaiian Home Lands requirements, the purchaser must be at least 50% Native Hawaiian.

91-216 Waikoloa Place, Kapolei

Listing courtesy of Ivy K Realty, LLC.

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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.