Honaunau Homes with Leasehold Land tenure

Welcome to Honaunau, a hidden gem nestled on the stunning Big Island of Hawaii! Located in the charming community of Captain Cook, Honaunau is a picturesque neighborhood that offers a unique blend of natural beauty, rich history, and a laid-back lifestyle that captures the essence of island living.

Honaunau is renowned for its breathtaking coastal views, lush landscapes, and the famous Pu'uhonua o Honaunau National Historical Park, a sacred site that tells the story of ancient Hawaiian culture. Here, you can explore tranquil beaches, snorkel in crystal-clear waters, and immerse yourself in the vibrant marine life that thrives along the coastline. The warm, inviting climate and stunning sunsets make Honaunau a perfect retreat for those seeking relaxation and adventure.

In terms of real estate, Honaunau offers a variety of homes, many of which are situated on leasehold land. This unique tenure allows residents to enjoy beautiful properties at a more accessible price point, making it an attractive option for both first-time buyers and seasoned investors. With homes ranging from cozy cottages to spacious ocean-view retreats, there’s something for everyone in this idyllic neighborhood.

Honaunau is not just about stunning scenery; it’s also a tight-knit community where neighbors become friends. Local markets, eateries, and cultural events provide ample opportunities to connect with fellow residents and embrace the true spirit of aloha. Whether you’re looking for a serene getaway or a place to call home, Honaunau promises an exceptional lifestyle on the enchanting Big Island. Come discover the beauty and charm of Honaunau, where paradise awaits!

Newest Honaunau Homes with Leasehold Land tenure

$377,000

3 Beds ⋅ 3 Baths ⋅ 727874 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Rare opportunity to take over 5.5+ acres of productive farm land with sweeping ocean views just off Mamalahoa Highway. The property includes a 3-bedroom, 2.5-bath single-family home with attached carport, plus a legal, permitted 600 sq ft processing house, offering exceptional flexibility for on-site agricultural operations. Multiple upgrades completed in February 2026 include new: interior and exterior paint, kitchen appliances, upper cabinets, laminate flooring, ceiling fans, and updated light fixtures. The home also features a large bonus room used as a home office with a view of the ocean! The property contains existing coffee, cacao, macadamia nut, avocado, breadfruit, and banana trees, providing a preview of active farming and agricultural income. Easy access and recent excavation completed in December 2025 further enhance usability and future potential. Leasehold interest with land owned by Bishop Estate (Kamehameha Schools).

84-5186 Mamalahoa Highway, CAPTAIN COOK

Listing courtesy of Coldwell Banker Realty.

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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.