Punchbowl Homes with Leasehold Land tenure

Welcome to Punchbowl, a charming neighborhood nestled in the heart of Honolulu, Hawaii. Known for its stunning views and rich cultural heritage, Punchbowl offers a unique blend of urban convenience and natural beauty. This vibrant community is situated around the iconic Punchbowl Crater, a dormant volcano that provides a picturesque backdrop and a serene escape from the bustling city life.

The neighborhood is renowned for its historical significance, housing the National Memorial Cemetery of the Pacific, which honors the brave men and women who served in the U.S. Armed Forces. Residents and visitors alike are drawn to the area’s lush landscapes, vibrant gardens, and the breathtaking vistas of the Honolulu skyline and the Pacific Ocean.

Punchbowl is not just about scenic beauty; it also boasts a diverse array of homes, many of which are situated on leasehold land. This unique tenure option allows homeowners to enjoy the benefits of living in this sought-after neighborhood while navigating the intricacies of lease agreements. The homes here range from charming single-family residences to modern condominiums, catering to various lifestyles and preferences.

Living in Punchbowl means having access to a plethora of amenities, including local shops, eateries, and cultural attractions. With its close proximity to downtown Honolulu, residents can easily enjoy the vibrant nightlife and dining experiences the city has to offer.

Whether you're looking for a place to call home or an investment opportunity, Punchbowl offers a captivating lifestyle surrounded by history, beauty, and community spirit. Discover your dream home in this enchanting neighborhood today!

Newest Punchbowl Homes with Leasehold Land tenure

$139,000

2 Beds ⋅ 1 Baths ⋅ 202616173 MLS ⋅ LH - Leasehold Tenure ⋅ 3 DOM ⋅ Victoria Towers BLDG.

Centrally located in the heart of Honolulu. PET ALLOWED! Unit offers a practical floor plan, updated interiors and the convenience of a WASHER/DRYER inside the unit. The unit was renovated in 2019, including a new kitchen, updated bathroom, and new flooring, creating a clean and contemporary living environment that is ready for its next owner. Step outside to your spacious 156 sq. ft. balcony, offering valuable outdoor living space and a great spot to relax or enjoy the Honolulu surroundings. Close to Ala Moana Shopping Center, Downtown, Chinatown, Hospital, Post Office and public transportations. Easy freeway access! Maintenance fee is $770.89, Reserve Contribution is $765.05, Lease Rent is $610.32.

1420 Victoria Street Unit 902, Honolulu

$175,000

2 Beds ⋅ 2 Baths ⋅ 202614860 MLS ⋅ LH - Leasehold Tenure ⋅ 24 DOM ⋅ 965 Prospect BLDG.

Freshly painted unit on the slopes of Punchbowl located close to Downtown Honolulu, medical centers, schools, and Ward Center. This unit offers an open layout, spacious kitchen, and private lanai overlooking sweeping city views. Amenities include swimming pool, BBQ area, and renovation deck. Secured entry with an on-site resident manager. Unit equipped with stack washer-dryer and brand new lanai carpeting. Bright breezy rooms designed to capture island Tradewinds.

965 Prospect Street Unit 403, Honolulu

$230,000

2 Beds ⋅ 2 Baths ⋅ 202613489 MLS ⋅ LH - Leasehold Tenure ⋅ 36 DOM ⋅ Coronet BLDG.

Lowest-priced 2-bedroom, 2-bath opportunity in town! Welcome to The Coronet, a rarely available residence in the heart of Honolulu. This spacious home features 1,007 sq. ft. of interior living space plus a generous 109 sq. ft. lanai, elegant double-door entry, and expansive floor-to-ceiling windows that fill the home with natural light. Move-in ready, this residence offers a functional layout, in-unit washer and dryer, and a private storage unit conveniently located just outside the front door. Additional highlights include one assigned uncovered parking stall, secure building entry, an on-site resident manager, and only four units per floor for added privacy. Enjoy a prime central location with easy access to shopping, dining, medical facilities, bus lines, and freeway access. This leasehold property offers exceptional value with a very low lease rent of only $35.22 per month through March 31, 2029, with the lease expiring in 2044. An incredible value in urban Honolulu-must see to appreciate!

1314 Victoria Street Unit 803, Honolulu

$55,000

1 Baths ⋅ 202607673 MLS ⋅ LH - Leasehold Tenure ⋅ 78 DOM ⋅ Makikilani Plaza BLDG.

3rd floor leasehold studio condo of 403 s.f. with 63 s.f. open lanai with city and small ocean views. One parking stall on same level as unit. Furnished with two single Murphy Beds and units comprised of book cases, shelving and some storage. Unit has a nice mirrored closet with shelves. Window a/c, stove, garbage disposal, washer/dryer, and bath has tub and shower. Building has two entrances, elevator, guest parking, resident manager on property and swimming pool. Parking is off Spencer Street behind the building. Unit is currently rented for $1550/month with lease expiring December 31, 2026. Property land lease expires July 31, 2029. Conveniently located near entrance to H-1 Freeway, market, restaurants, churches and schools.

1560 Thurston Avenue Unit 303, Honolulu

$238,000

2 Beds ⋅ 1 Baths ⋅ 202608787 MLS ⋅ LH - Leasehold Tenure ⋅ 102 DOM ⋅ Victoria Mansions BLDG.

Turnkey investment opportunity! High-demand 2-bed, 1-bath fully furnished condo near downtown. Rented monthly on Airbnb for over $4000/month for the past 3 years with strong positive cash flow. This bright, renovated condo is located in a quiet Makiki neighborhood, but only minutes from downtown. The unit includes an updated kitchen and bath, new floors, a balcony, an in-unit washer/dryer, and parking. Last leasehold unit in the building, with an option to convert to fee simple.

1456 Thurston Avenue Unit A801, Honolulu

$59,900

1 Baths ⋅ 202608626 MLS ⋅ LH - Leasehold Tenure ⋅ 117 DOM ⋅ Makikilani Plaza BLDG.

Vibrant city views with partial ocean and Diamond Head vistas. Enjoy sunsets from your 7th floor lanai. Assigned covered PARKING. Amenities include a sparkling pool, Recreation Area with BBQ area, and a Resident Manager. Quick freeway on/off ramps nearby, plus convenient access to shopping, schools, churches, medical center. All the attractions of world-famous Waikiki and downtown Honolulu are moments away. This well-maintained home reflects pride of ownership and includes freshly painted interior, IN-UNIT WASHER/DRYER, fold-up wall bed, multi-use nook. Leasehold, lease expires 7/31/2029.

1560 Thurston Avenue Unit 704, 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.