Lualualei Homes with Leasehold Land tenure

Welcome to Lualualei, a hidden gem nestled in the vibrant community of Waianae on the beautiful island of Oahu, Hawaii. Known for its stunning natural beauty and laid-back atmosphere, Lualualei offers a unique blend of island living that’s both tranquil and invigorating. Surrounded by majestic mountains and the sparkling Pacific Ocean, this neighborhood is perfect for those seeking a peaceful retreat while still enjoying the conveniences of modern life.

Homes in Lualualei predominantly feature leasehold land tenure, providing an affordable entry point into the Hawaiian real estate market. This means that while you may not own the land outright, you can still enjoy the comforts of a home in paradise, often at a fraction of the cost of fee-simple properties. Many of these homes are designed to embrace the island lifestyle, with open layouts, spacious yards, and stunning views of the lush landscape that surrounds you.

The neighborhood is also rich in cultural heritage, with a strong sense of community and a welcoming spirit. Residents enjoy easy access to local parks, beautiful beaches, and a variety of recreational activities, from hiking to surfing. Lualualei is not just a place to live; it’s a lifestyle that celebrates the natural beauty and rich traditions of Hawaii.

Whether you’re looking for a family home or a cozy retreat, Lualualei offers a unique opportunity to experience the charm of island living in a community that truly feels like home. Come and discover the magic of Lualualei, where your dream of living in paradise can become a reality!

Newest Lualualei Homes with Leasehold Land tenure

$495,000

3 Beds ⋅ 3 Baths ⋅ 202604913 MLS ⋅ LH - Leasehold Tenure

Welcome home to 86-281 Hokuukali Place in Lualualei, Waianae — a rare chance to return to your roots and secure your family’s future on Hawaiian Home Lands. Available to qualified buyers with 50% or more Native Hawaiian ancestry through the Hawaiian Home Lands program, this lease runs through 2084, with property taxes around $300 per year — offering long-term stability and affordability in Hawai?i. This 3-bedroom, 2.5-bath home sits on a 6,114 sq. ft. corner lot, providing space and flexibility. Features include an open layout, split A/C, owned photovoltaic system, ample parking, and a brick wall with side fencing for privacy. There’s potential to build up for ocean views and a multi-generational retreat (subject to DPP and DHHL approval). Whether moving back home or expanding for family, this is more than a home — it’s a place to grow, connect, and strengthen ?ohana for generations.

86-281 Hokuukali Place, Waianae

Listing courtesy of Real Broker.

$395,000

3 Beds ⋅ 1 Baths ⋅ 202600275 MLS ⋅ LH - Leasehold Tenure

Don't miss this opportunity to own your own spacious 3 bedroom/1 bath home. Located in Waianae on a fully fenced large corner lot, conveniently located across the elementary school. Tall carport for possible boat parking. Large concrete slab on side and backyard perfect for extending living area or adding a covered lanai for entertaining. Upgrades include refinished kitchen cabinets, upgraded bathroom and newer flooring throughout. Ample storage space. Please do your own due diligence -- buyer must meet Dept. of Hawaiian Home Lands guidelines, must be at 50% Native Hawaiian to qualify.

86-328 Hokupaa Street, Waianae

Listing courtesy of LUVA Real Estate.

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.