Waianae Homes with Leasehold Land tenure

Welcome to Waianae, a picturesque coastal community nestled on the leeward side of Oahu, Hawaii. Known for its stunning beaches, lush mountains, and a rich cultural heritage, Waianae offers a unique blend of natural beauty and local charm. With its warm, inviting atmosphere, Waianae is a haven for those seeking a laid-back lifestyle in paradise.

This vibrant neighborhood is characterized by its friendly community, where residents enjoy a slower pace of life amidst breathtaking landscapes. The golden sands of Makaha Beach and the crystal-clear waters of Pokai Bay are just a stone's throw away, offering endless opportunities for swimming, snorkeling, and sunbathing. The nearby Waianae Mountain Range provides a stunning backdrop for hiking and exploring, while local parks and recreational areas invite families to enjoy outdoor activities.

When it comes to housing, Waianae offers a variety of options, including homes with leasehold land tenure. This unique arrangement allows residents to enjoy the benefits of living in this beautiful area while often making homeownership more accessible. Leasehold properties in Waianae can provide an affordable way to experience the island lifestyle, with many homes offering stunning ocean views and easy access to the beach.

In Waianae, you’ll find a rich tapestry of local culture, with farmers’ markets, food festivals, and community events that celebrate the spirit of aloha. Whether you’re searching for a permanent residence, a vacation getaway, or an investment opportunity, Waianae is a captivating choice that embodies the essence of island living. Come discover the charm and beauty of Waianae, where your dream home awaits!

Newest Waianae Homes with Leasehold Land tenure

$100,200

3 Beds ⋅ 1 Baths ⋅ 202614112 MLS ⋅ LH - Leasehold Tenure

LEASEHOLD PROPERTY. 3-bedroom, 1 bath, 952 square foot single family residence on 3,720 square foot lot in Wai’anae. Home is in walking distance to Wai’anae Boat Harbor, public library, Wai’anae Mall, Planet Fitness, Puukamailenu hike and Pokai Bay Beach Park. This is a leasehold property with the lease expiring June 2030. Make it your own. Jump on this great deal before its gone! All buyers are responsible to confirm City, County, Zoning, Tax, and other records to their satisfaction before bidding. No inspection contingencies in contract. Absolutely no repairs before closing. This property is sold As-Is. This is a REO auction property. Employees or directors of JPMorgan Chase & Co. and its direct and indirect subsidiaries are strictly prohibited from directly or indirectly purchasing any property owned or serviced by or on behalf of JPMorgan Chase & Co. or its direct and indirect subsidiaries.

85-153 Ala Walua Street Unit D, Waianae

Listing courtesy of REALHome Services & Solutions.

$520,000

4 Beds ⋅ 2 Baths ⋅ 202611336 MLS ⋅ LH - Leasehold Tenure

NO SHOWINGS until after the open house on Sunday, June 14th, from 1 to 4 p.m. Aloha and welcome home to the Waianae Coast! Framed by mountain views, this 4-bedroom, 2-bath Hawaiian Home Lands (DHHL) home saves its best surprise for the front door: soaring vaulted ceilings over a bright, open living space with a new kitchen, new flooring, and fresh interior paint. Move-in ready! Start your mornings on the covered lanai, give kids and pets the run of the fully fenced, well-maintained yard, and settle into the relaxed Leeward lifestyle. 1,156 sq ft of living space on a 7,526 sq ft lot. A rare opportunity to own a piece of paradise at an affordable price. Please note: This is a DHHL leasehold property. Buyer must be Native Hawaiian with at least 50% Hawaiian ancestry, an eligible DHHL beneficiary & on the wait list. All transfers subject to DHHL approval. Important Disclosure: Bathroom count does not match tax records. Property has 3 full baths; the third is attached to an unpermitted bedroom converted from the utility shed. Buyers to verify all information and do their own due diligence regarding permits. All offers must be in by the offer deadline of Thursday, June 18th at 8pm.

85-1290 Kumaipo Street, Waianae

Listing courtesy of eXp Realty.

$170,000

4 Beds ⋅ 2 Baths ⋅ 202611078 MLS ⋅ LH - Leasehold Tenure ⋅ Ulu Wehi BLDG.

Great First-Time Homebuyer Opportunity! Become a homeowner today! This beautifully maintained LEASEHOLD property is priced well below market value—an incredible opportunity you don’t want to miss. Featuring the desirable single-level layout with carport, 4 bedrooms, and 1.5 bathrooms, this home offers comfortable and spacious living at an affordable price point. With the option to extend the current lease through 2055, and eligibility for Conventional, VA, FHA, and USDA financing, this home provides flexibility for a wide range of buyers. Recently renovated in 2023, it’s move-in ready—no need to leave the island to find value like this! Conveniently located near schools, shopping, dining, and just minutes from stunning Westside beaches, this home combines lifestyle and value. Schedule a showing today!

85-260 Ala Hema Street Unit D, Waianae

Listing courtesy of Foster Realty, Inc..

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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.