Metro Homes with Leasehold Land tenure

Welcome to the vibrant and enchanting region of Metro Honolulu, nestled on the beautiful island of Oahu, Hawaii. This captivating city is not just a tropical paradise; it's a thriving hub of culture, adventure, and community. With its stunning beaches, rich history, and diverse culinary scene, Honolulu offers an unparalleled lifestyle that attracts residents and visitors alike.

One of the unique features of the housing market in Metro Honolulu is the availability of homes with leasehold land tenure. Unlike traditional freehold properties, leasehold homes allow buyers to purchase the dwelling while leasing the land from a landowner, often for a period of 30 to 99 years. This arrangement can present an excellent opportunity for those looking to enter the real estate market at a more affordable price point.

Leasehold properties in Honolulu provide a chance to experience island living without the higher costs associated with freehold properties. Many of these homes are situated in prime locations, offering breathtaking views of the Pacific Ocean or easy access to the vibrant lifestyle that Honolulu has to offer. Whether you're seeking a cozy condo, a charming single-family home, or a luxurious beachfront property, the leasehold market is rich with options.

Living in Metro Honolulu means embracing a lifestyle filled with outdoor adventures, cultural experiences, and a warm sense of community. From exploring the stunning Diamond Head to enjoying the bustling atmosphere of Waikiki, you’ll find that every day brings new opportunities for excitement and relaxation. Discover the charm of Metro Honolulu and find your perfect leasehold home in this tropical oasis today!

Newest Metro 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.

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.