Papakolea Homes with Leasehold Land tenure

Welcome to Papakolea, a hidden gem nestled in the heart of Honolulu, Oahu. This vibrant neighborhood is renowned for its rich cultural heritage and stunning landscapes, offering a unique blend of urban convenience and natural beauty. As you stroll through the streets of Papakolea, you’ll find a warm community atmosphere complemented by the breathtaking backdrop of the lush green mountains and the sparkling Pacific Ocean.

Papakolea is characterized by its charming homes, many of which feature leasehold land tenure. This unique arrangement allows residents to enjoy the benefits of homeownership while offering a more affordable entry point into the Honolulu real estate market. Leasehold properties provide an excellent opportunity for first-time buyers and investors alike, as they often come with lower purchase prices compared to freehold properties.

The neighborhood boasts a diverse array of amenities, including local markets, parks, and community centers, making it easy for residents to connect and enjoy the vibrant culture of Hawaii. With its close proximity to downtown Honolulu, residents can easily access a wide range of dining, shopping, and entertainment options.

Papakolea is not just a place to live; it’s a community where you can immerse yourself in the rich history and traditions of Hawaii. Whether you’re looking for a cozy family home or an investment opportunity, Papakolea offers a unique lifestyle that celebrates the spirit of Aloha. Come explore the possibilities and discover why this neighborhood is truly one of Oahu’s best-kept secrets!

Newest Papakolea Homes with Leasehold Land tenure

$450,000

3 Beds ⋅ 1 Baths ⋅ 202609822 MLS ⋅ LH - Leasehold Tenure

Papakolea Hawaiian Homeland leasehold property. TEAR DOWN. LOOKING FOR A CASH BUYER. Large upslope property with views of mountain, city and ocean. SHOWN BY APPOINTMENT ONLY. DO NOT ENTER PROPERTY WITHOUT LISTING AGENT PRESENT. Buyer must be atleast 50% Hawaiian and active on the Hawaiian Home Lands Wait List.

756 Iaukea Street, Honolulu

Listing courtesy of Hawaii Homes Connection Corp..

$420,000

3 Beds ⋅ 2 Baths ⋅ 202605567 MLS ⋅ LH - Leasehold Tenure

Rare opportunity with this exceptional legacy property, appearing on the market for the first time in generations, located in the highly sought-after Hawaiian Homestead community, Papakolea. Buyer must be at least 50% Native Hawaiian & on the DHHL waitlist. Sitting on a spacious 7,500 sqft corner perimeter lot at a dead-end road, offering privacy & tranquility. Imagine waking up to the gentle rustle of the adjacent lush forest & enjoying your morning coffee on one of two lanais framing panoramic views of Punchbowl, city's skyline, mountain, & gorgeous sunsets. Major upgrades include enhanced foundation with CMU columns & a new water heater. This home is a blank canvas ready for your personal touch & modern vision. From gardening to entertaining, you’ll love the versatility of the fenced front & back yards. Massive crawlspace for lots of storage, & convenience of private carport, driveway, & plenty of street space for parking. Located near the Papakolea Community Park & minutes from the heart of Honolulu. Cash offers are welcome, & property is sold in as-is condition. Don't miss your chance to plant roots in one of Honolulu's most historic & tight-knit neighborhoods at this value!

469 Kalamaku Street, Honolulu

Listing courtesy of Locations LLC.

$650,000

3 Beds ⋅ 3 Baths ⋅ 202505945 MLS ⋅ LH - Leasehold Tenure

Hawaiian Home Lands in Papakolea. Downslope lot, high ceilings, wrap around porch and spacious living. Lots of storage. Listor must be present. This is a leasehold property purchaser must be at least 50% Hawaiian.

2343 Tantalus Drive, Honolulu

Listing courtesy of Keller Williams Honolulu.

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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.