Kapaa Town Lots Homes with Leasehold Land tenure

Welcome to Kapaa Town Lots, a hidden gem nestled on the stunning island of Kauai, Hawaii. This charming neighborhood is a delightful blend of tropical beauty, rich culture, and a vibrant community spirit. Kapaa is renowned for its lush landscapes, scenic beaches, and friendly atmosphere, making it an ideal place to call home.

Kapaa Town Lots offers a unique opportunity for prospective homeowners, particularly with its leasehold land tenure. This means that while you can own your home, the land itself is leased, providing an affordable entry point into the Kauai real estate market. This arrangement often allows for lower initial costs, making it a fantastic option for those looking to invest in this idyllic locale without breaking the bank.

The neighborhood boasts an array of amenities, including quaint shops, local restaurants, and farmer's markets, all just a stone's throw away. Residents can enjoy leisurely strolls along the scenic multi-use path that hugs the coastline, perfect for morning jogs or sunset walks. With the pristine beaches of Kapaa just minutes away, you can indulge in sunbathing, surfing, or simply soaking in the breathtaking views of the Pacific Ocean.

Kapaa is also rich in history and culture, with numerous festivals and community events that celebrate the island's heritage. Whether you're exploring the vibrant art scene or enjoying traditional Hawaiian music, there's always something happening in this lively town.

In Kapaa Town Lots, you’ll not only find a home but a lifestyle filled with adventure, relaxation, and a sense of belonging in one of Hawaii's most picturesque settings. Come discover the charm of Kapaa and see why so many are drawn to this enchanting slice of paradise!

Newest Kapaa Town Lots Homes with Leasehold Land tenure

$1,995,000

3 Beds ⋅ 3 Baths ⋅ 728017 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Ideal property for 1031 Exchange. Reliable rental income property. This is a unique property with panoramic ocean views, three vertical units, each rental unit comprises four floors. Each Unit has: The Ground floor is a 2-car enclosed garage. The 2nd Floor is the Kitchen/dining room, full bath, and lanai/bedroom or officeThe 3rd Floor is a large living room, bedroom, and loft, with a lanai that leads to the 4th floor deck The 4th Floor is a rooftop deck with 360 degree panoramic ocean and mountain views. There is virtually nothing that compares with the experience of seeing Kapaa in a way that very few will ever have. The covered lanai decking is sealed with Elastomeric Roof Coating. Total sq footage for all 3 units is 4,536.and is designated "live/work by the County of Kauai. The building is located in downtown Kapaa, two blocks from the ocean/beach park and the oceanfront bike/walking path. Restaurants, coffee shops, grocery stores, banks, and public transportation are within walking distance. Architectural drawings, for 6 additional rental units, will be prepared next month and submitted for permit approval in Dec. I would estimate the income to be $3,500. per unit x 6 = $21k a mo- Insurance, P Taxes thus the net, assuming no debt would be approx $18,500 mo + the existing building's Gross of $11,100 Mo, paying the approx $2,300 mo ground lease, P Taxes and Insurance, Existing Netting $8,500 Mo. + Estimated Total ,would be $27,000. Mo . See the attached rendering of the proposed 6 units. The ground lease extends to 2083 and is extendable.Existing Tri- Plex ( with 3 -2 car garages ) June 1, 26 will be ,per leases $12,550. mo Gross Proposed 2 -3 unit buildings over existing parking. 1 June, 27 Projection $24,000. Mo Gross.Proposed 9 unit gross rent is projected to be $36,550. MoThe property is lease Hold with known ground rent rates through 2084 ,lease is extendable then.The current monthly

4597 Lehua St Unit 3, KAPAA

Listing courtesy of eXp Realty.

Start Your Search

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.