Oahu Homes under $500,000

Welcome to Oahu, the vibrant heart of Hawaii! Known for its stunning landscapes, rich cultural tapestry, and warm island spirit, Oahu offers an unparalleled living experience. From the iconic beaches of Waikiki to the lush green mountains of the North Shore, this island is a paradise for both adventure seekers and those looking for a tranquil retreat.

For those considering making Oahu their home, you’ll be delighted to discover that it’s possible to find charming homes under $500,000. Despite its reputation for luxury real estate, Oahu has a variety of options for first-time homebuyers, investors, or anyone looking to embrace the island lifestyle without breaking the bank. These affordable homes can often be found in up-and-coming neighborhoods, offering a perfect blend of community and convenience.

Imagine waking up to the gentle sound of waves and the warm Hawaiian sun streaming through your window. With homes under $500,000, you can enjoy the island life while being just a short distance from pristine beaches, local markets, and cultural landmarks. Whether you’re searching for a cozy condo, a quaint cottage, or a family home, Oahu’s real estate market has something to fit every need and budget.

Embrace the opportunity to live in this tropical paradise where you can hike breathtaking trails, surf world-class waves, and indulge in the delectable flavors of Hawaiian cuisine. Your dream home in Oahu awaits—let’s make it a reality!

Newest Oahu Homes under $500,000

$430,000

3 Beds ⋅ 2 Baths ⋅ 202617694 MLS ⋅ FS - Fee Simple Tenure ⋅ Holomoana At Sea Country BLDG.

FIRST OPEN HOUSE on SUNDAY, 10/4 from 2-5pm. Welcome to this beautifully updated 3-bedroom, 2-bathroom home in the sought-after Sea Country neighborhood of Maili! Positioned to capture peaceful mountain and garden views, this two-story residence features a freshly painted interior, central A/C, stylish vinyl flooring in living areas, and ceramic tile in baths. The primary bathroom was tastefully renovated in 2021, and carpet was updated in 2023. Step outside to a fully fenced, landscaped yard featuring low-maintenance synthetic turf, perfect for relaxing or outdoor entertaining. Parking includes an attached 2-car garage plus driveway spaces. Exceptional energy efficiency with a leased photovoltaic solar system featuring 25 PV panels and 2 Tesla batteries. Residents enjoy Sea Country community amenities including a swimming pool, clubhouse, parks, nearby Maili Beach Park, and the popular Maili Pillbox trail. Monthly maintenance and association fees cover water, sewer, trash, and front yard landscaping. Convenient to Leeward Coast shopping and dining. This property is a short sale and will be sold "As Is"—please add the Short Sale Agent Guideline (supplement) to all offers.

87-1980 Pakeke Street Unit L, Waianae

Listing courtesy of Team Lally.

$399,900

3 Beds ⋅ 1 Baths ⋅ 202617946 MLS ⋅ FS - Fee Simple Tenure ⋅ Nihi Gardens BLDG.

Bring your contractor and your vision! Opportunity awaits at Nihi Gardens with this vacant 3-bedroom, 1-bath property offering approximately 836 sq. ft. of interior living space. This home is perfect for providing an opportunity for buyers to redesign and improve the property to suit their needs and preferences. Convenient Honolulu location with access to shopping, dining, schools, public transportation and major thoroughfares. One parking space included. Whether you're looking for a renovation project or a property to transform into your own, this home offers plenty of possibilities. Vacant and easy to show. Property being sold in its present AS-IS condition. Seller will not make repairs or improvements. Buyer and buyer's agent to conduct their own due diligence and independently verify all information deemed material to the purchase.

3031 Nihi Street Unit R18, Honolulu

Listing courtesy of TLC Realty LLC.

$465,000

3 Beds ⋅ 2 Baths ⋅ 202617935 MLS ⋅ FS - Fee Simple Tenure

Investor Opportunity in Waianae! ?? Don’t miss this 3-bedroom, 2-bath single-family home with great potential for investors. Whether you’re looking to add to your rental portfolio, renovate and resell, or create long-term value, this property offers an excellent opportunity in Waianae. Bring your vision and make this home your next investment!

86-201 Kawili Street, Waianae

Listing courtesy of Island Sun Real Estate Pros.

$450,000

4 Beds ⋅ 3 Baths ⋅ 202616420 MLS ⋅ LH - Leasehold Tenure

Hawaiian Home Lands in Waianae.

86-115 Hokuukali Street, Waianae

Listing courtesy of Keller Williams Honolulu.

$379,900

4 Beds ⋅ 3 Baths ⋅ 202616058 MLS ⋅ LH - Leasehold Tenure

Your Waimanalo Village Lifestyle begins here. Hawaii Housing Finance and Development Corp. (HHFDC) Leasehold property, (NOT HAWAIIAN HOMESTEAD) offers a unique opportunity. Comfortable island living, the main home features 3 bedrooms, 1 ½ bath, and measures approximately 1,152 square feet of living space, complemented by an attached studio and bath and laundry room. This flexible Layout is ideal for extended family, guests, a home office, or additional living space. Step outside to the expansive front porch/deck - an inviting place to enjoy your morning coffee. Entertain friends and family or simply relax In the refreshing breeze. You’ll also be just minutes from Waimanalo and Bellows, neighborhood parks, shopping and dining and the convenience of nearby Kailua.

41-1451 Laukalo Street, Waimanalo

Listing courtesy of Ron Corp..

$419,000

3 Beds ⋅ 1 Baths ⋅ 202615872 MLS ⋅ FS - Fee Simple Tenure

Leeward Coast opportunity on a generous 6,000 sq ft fee simple lot—located steps from Tamura's Super Market and just minutes to Makaha Beach and the calm, turquoise waters of Pokai Bay. This 3-bedroom, 1-bath single-story residence offers 1,264 sq ft of interior living space and is priced according to condition, presenting a genuine blank canvas for a full renovation, custom rebuild, or value-add investment with the stunning Waianae Mountain Range as your backdrop. Conveniently situated near Farrington Highway, residents will enjoy easy access to the Waianae Coast Farmers Market, Waianae Mall, local dining, and coastal recreation. The property features Land Court title and is vacant, clean, and easy to show. Whether you are a seasoned investor, a contractor looking for your next project, or a buyer seeking to build sweat equity in a vibrant coastal neighborhood, this property offers incredible potential and location value. View the 3D tour, video, and high-res photos via the virtual tour link.

86-144 Puhano Street, Waianae

Listing courtesy of Team Lally.

$450,000

5 Beds ⋅ 3 Baths ⋅ 202614469 MLS ⋅ FS - Fee Simple Tenure

Welcome home to this spacious 5-bedroom 3-bath nestled in the heart of Waianae on Oahu's sun drenched leeward coast. This new listing blends comfortable island living with smart energy-efficient features designed for modern life but, a little TLC required. A solar water heater and photovoltaic system help keep energy costs low while harnessing Hawaii's abundant sunshine. Large high ceiling carport constructed for large vehicle or boat covered parking. This is a AS-IS sale.

86-324 Kauaopuu Street, Waianae

Listing courtesy of Locations LLC.

$430,000

3 Beds ⋅ 2 Baths ⋅ 202615068 MLS ⋅ FS - Fee Simple Tenure ⋅ Holomoana At Sea Country BLDG.

Well-located CPR, detached single family residence in the Holomoana at Sea Country community, offering a 3-bedroom, 2-bath layout in a planned setting. The home features updated stainless steel kitchen appliances, an updated water manifold system, and leased photovoltaic (solar) system. Community amenities include a condo association pool, community park, landscaped common areas, and wall/fence features. Conveniently located near Ma?ili and Waianae shopping, dining, and services, with proximity to Maili Beach, Pokai Bay, parks, and coastal recreation. Enjoy access to Farrington Highway for travel throughout the Leeward Coast. A VA assumable loan at approximately 4.5% may be available to qualified buyers, subject to lender and VA approval and buyer eligibility. Buyer to verify all information and terms. This is a short sale and will be sold "As Is". Please add the Short Sale Agent Guideline (supplement) to all offers. View 3D tours, video, and high-res photos via the virtual tour link (chain link icon).

87-1980 Pakeke Street Unit 94, Waianae

Listing courtesy of Team Lally.

$430,000

3 Beds ⋅ 2 Baths ⋅ 202614479 MLS ⋅ FS - Fee Simple Tenure ⋅ Holomoana At Sea Country BLDG.

Welcome home to Holomoana at Sea Country! This well-kept 3-bedroom residence features fresh interior paint (2024) and a charming outdoor space enhanced with productive calamansi and papaya trees. Monthly maintenance fees include front yard landscaping, water, sewer, and common area upkeep. Community amenities include a swimming pool, dog park, and a nearby general store for everyday convenience. Located along Oahu’s Leeward Coast, you are just minutes from Maili Beach, Pokai Bay, and popular shoreline spots ideal for swimming, paddling, and sunset views. Outdoor enthusiasts will appreciate proximity to coastal lookouts and the Maili Pillbox (Puu O Hulu) Trail, while local dining, Waianae Mall, and weekly farmers markets along Farrington Highway are close by. This property offers a fantastic opportunity to own an updated coastal home in a vibrant neighborhood. This is a short sale and will be sold strictly "As Is"—please include the Short Sale Agent Guideline supplement with all submitted offers. View 3D tours, video, and high-res photos via the virtual tour link (chain link icon). Cash, Conventional, and VA accepted.

87-1958 Pakeke Street Unit B, Waianae

Listing courtesy of Team Lally.

$335,000

3 Beds ⋅ 2 Baths ⋅ 202614534 MLS ⋅ FS - Fee Simple Tenure

This is the chance you've been waiting for! This 5,000 sf, corner lot offers the opportunity to start new and really customize the home to your liking. Tucked away from the main highway in Maili, but close to the beaches, shopping centers, and restaurants, so you're never too far from what you need. Surrounded by trees, it offers lots of privacy and shade. Opportunities like this don't come around too often, with a little love and some great ideas, this house will really shine! *Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment*

87-206 Halemaluhia Place, Waianae

Listing courtesy of Island, REALTORS.

$489,000

3 Beds ⋅ 1 Baths ⋅ 202614054 MLS ⋅ FS - Fee Simple Tenure

Great value for a turnkey home with no HOA! Come see this remodeled single-family attached property that offers comfort, functionality, & inviting outdoor space. Updated in 2023 with other updates done more recently, this home features a refreshed kitchen & bathroom, newer appliances (dishwasher '25), a resealed roof in '25, updated electrical/breaker box that's up to code, dedicated laundry room w/cabinetry + wash basin, brand new carpet installed 6/26, sturdy tile, ceiling fans, newer lighting, freshly painted interior + newer exterior paint. A newer gate for the driveway, carport, a practical layout, and generous outdoor areas perfect for relaxing, entertaining, barbecues, or gathering with friends & family. Take in beautiful mountain views and the convenience of a nearby park across the street, all while enjoying the laid-back lifestyle of O'ahu's Leeward Coast. This home offers access to the area's scenic coastline, mountain backdrops, local beaches, & everyday conveniences. Nearby Makaha Beach is known for its surf, ocean activities, and stunning west side scenery, making this a great opportunity for buyers seeking value, outdoor living, and the natural beauty of West Oahu.

84-707 Manuku Street Unit A, Waianae

Listing courtesy of Real Broker.

$85,000

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.

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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.