Honaunau Subdivision Homes with Leasehold Land tenure

Welcome to the enchanting Honaunau Subdivision, nestled in the heart of Captain Cook, Hawaii. This captivating neighborhood is a hidden gem that offers a unique blend of natural beauty and a rich cultural heritage. Surrounded by lush tropical landscapes, Honaunau is renowned for its stunning ocean views, vibrant sunsets, and proximity to the pristine shores of the Big Island.

The Honaunau Subdivision is an ideal setting for those seeking a tranquil lifestyle while still being close to modern conveniences. With its friendly community atmosphere, residents enjoy a peaceful existence, with opportunities for outdoor activities such as hiking, snorkeling, and exploring nearby historical sites, including the famous Pu'uhonua o Honaunau National Historical Park.

One of the distinctive features of homes in Honaunau is the availability of leasehold land tenure. This means that while you can enjoy the benefits of homeownership, the land itself is leased, often making these properties more affordable. This arrangement can be particularly appealing for those looking to invest in a slice of paradise without the hefty price tag of freehold properties.

Whether you're looking for a cozy retreat or a permanent residence, the Honaunau Subdivision offers a variety of homes that cater to different tastes and budgets. With its breathtaking surroundings, friendly community, and unique real estate opportunities, Honaunau is more than just a neighborhood—it's a lifestyle waiting to be embraced. Explore the charm of Captain Cook and discover your dream home in this tropical haven today!

Newest Honaunau Subdivision Homes with Leasehold Land tenure

$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.

$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.

$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.

$335,000

3 Beds ⋅ 3 Baths ⋅ 726966 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Peaceful living on this 10.17 acre leasehold macadamia nut farm in Honaunau. Single wall redwood home built in 1980, 3 bedroom, 3 bath with a 2-car carport. The floorplan is spacious and family-friendly, with covered exterior areas for outdoor living as well. Current KS lease through 2053. The land includes mature macadamia nut trees, grade gets a little steep on the upper half of the property. Farm road access to the house (not fully paved), SUV or AWD recommended. The use of a UTV or ATV is most practical to work the farm and access above the house. Enjoy a quiet, private setting, perfect for farming, self-sufficiency, or rural country living in South Kona. Great opportunity to own LH acreage with a home. This property has a lot of potential, the home will benefit from some improvements. Leasehold may be an appealing and affordable option for buyers seeking land, privacy, and long-term farming opportunity.

84-5052 Hawaii Belt Rd, CAPTAIN COOK

Listing courtesy of Kou Hale 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.