Waikiki Homes with Leasehold Land tenure

Welcome to Waikiki, a vibrant and iconic neighborhood nestled in the heart of Honolulu, Hawaii. Renowned for its stunning beaches, lush landscapes, and rich cultural heritage, Waikiki is not just a destination; it’s a lifestyle. Imagine waking up to the sound of gentle waves and the sight of Diamond Head in the distance, all while being just steps away from world-class dining, shopping, and entertainment.

Waikiki is a unique blend of urban excitement and natural beauty. Here, you can enjoy a leisurely stroll along the famous Waikiki Beach, take surfing lessons, or simply relax under the warm Hawaiian sun. The neighborhood is dotted with charming boutiques, trendy cafes, and vibrant nightlife options, ensuring that there’s always something to do.

For those considering a home in this tropical paradise, it’s important to note that many properties in Waikiki are on leasehold land. This means that while you can own the home, the land itself is leased from a landowner, often for a long-term period. Leasehold properties can offer an affordable entry point into the Waikiki real estate market, allowing you to enjoy the benefits of living in this sought-after area without the hefty price tag associated with fee-simple ownership.

Embrace the aloha spirit and discover the unique opportunities that Waikiki has to offer. Whether you’re looking for a vacation home, a rental investment, or a permanent residence, Waikiki is a place where dreams come true, and the beauty of island living awaits you. Come and experience the magic of Waikiki—your paradise in Hawaii!

Newest Waikiki Homes with Leasehold Land tenure

$70,000

1 Beds ⋅ 1 Baths ⋅ 202616034 MLS ⋅ LH - Leasehold Tenure ⋅ 0 DOM ⋅ Kaioo Terrace BLDG.

Quietly tucked away in Waikiki, away from the main street traffic and noise. Unwind by the poolside in your very own private oasis setting located on property. 1 bedroom / 1 bath beautifully renovated unit in a secured building with parking. Close to many Waikiki activities, beaches, shopping & bus lines.

1863 Kaioo Drive Unit 302, Honolulu

$57,000

1 Beds ⋅ 1 Baths ⋅ 202614886 MLS ⋅ LH - Leasehold Tenure ⋅ 1 DOM ⋅ Kaioo Terrace BLDG.

This fully furnished turnkey 1 bedroom, 1 bathroom Waikiki residence is ready for your next vacation home or rental investment! Amenities includes a pool, hot tub, secured entry, and community laundry on every floor. Prime location minutes from Waikiki Beach, Ala Moana, grocery stores, restaurants, and public transportation. Monthly maintenance fees include electricity. A great opportunity to enjoy the Waikiki lifestyle at an affordable price. This is a leasehold property with the lease expiring on December 31, 2033.

1863 Kaioo Drive Unit 306, Honolulu

$84,500

1 Beds ⋅ 1 Baths ⋅ 202616027 MLS ⋅ LH - Leasehold Tenure ⋅ 5 DOM ⋅ Kalia BLDG.

Turn-key, fully furnished and ready for occupancy on day one! Located across the street from Hilton Hawaiian Village, this much-sought-after condo in Building "A" is beautifully positioned to take advantage of the trade winds from its open lanai. Parking is available to owners on a waiting list. The property is in excellent move-in condition, with a nicely remodeled kitchen and bathroom. The kitchen has an extended counter space and newer cabinets. Enjoy a walk-in shower in the recently remodeled bathroom. The owner will provide an inventory list reflecting included furnishings within 10 days of acceptance. This property offers security, location, and peace of mind, close to world-class shopping at Ala Moana, fine dining at Hilton Hawaiian Village, and access to some of the best beaches! The Kalia is a leasehold coop with a ground lease that expires in 2048. The total monthly fees (excluding mortgage) of approximately $1,500 include your maintenance fee of approximately $727.00, lease rent of approximately $634.00, and property taxes of approximately $90.00. This is a must-see property in excellent condition with an outstanding location.

425 Ena Road Unit 1104A, Honolulu

$299,000

2 Beds ⋅ 2 Baths ⋅ 202615842 MLS ⋅ LH - Leasehold Tenure ⋅ 5 DOM ⋅ Crescent Park BLDG.

This is a leasehold sale for a corner unit on the 14th floor of a boutique Waikiki building with just 4 units per floor, offering Diamond Head, ocean, and sunrise views. The 2 bedroom, 2 bath layout includes 1 parking stall, 1,064 sq ft of interior living space, and an 124 sq ft lanai. The open kitchen and floor plan feature granite counters and marble and laminate flooring throughout. You're steps to the beach and directly across from Honolulu Zoo and the Waikiki Shell, with a pool, BBQ area, and guest parking on site. A rare combination of location and value in the heart of Waikiki

2575 Kuhio Avenue Unit 1404, Honolulu

$125,000

1 Baths ⋅ 202616015 MLS ⋅ LH - Leasehold Tenure ⋅ 6 DOM ⋅ Inn On The Park BLDG.

SHORT-TERM RENTAL READY!!! Enjoy beautiful ocean views from this well-maintained unit at INN ON THE PARK. Ideally located near Waikiki Beach, Ala Moana, dining, shopping & entertainment. Relax and take in the stunning views from your own home or investment property. A wonderful opportunity to own a piece of paradise in Waikiki!

1920 Ala Moana Boulevard Unit 2015, Honolulu

$120,000

1 Baths ⋅ 202615657 MLS ⋅ LH - Leasehold Tenure ⋅ 6 DOM ⋅ Inn On The Park BLDG.

SHORT-TERM RENTAL READY!!! Enjoy the panoramic ocean and Diamond Head views from this cozy studio. Ideally located near Waikiki Beach, Fort DeRussy, Ala Moana Center, restaurants, shopping, and entertainment. A wonderful opportunity to own a piece of Paradise in Waikiki!

1920 Ala Moana Boulevard Unit 1103, Honolulu

$180,000

2 Beds ⋅ 1 Baths ⋅ 202616018 MLS ⋅ LH - Leasehold Tenure ⋅ 5 DOM ⋅ Tradewinds Hotel Inc BLDG.

BACK ON THE MARKET AND FREE OF TENANTS!! Extensively updated in 2023 included an updated kitchen with stainless steel appliances and quarts countertops and new countertops, new flooring, new paint, newly painted doors, new hardware. The open-concept design makes the living area feel open and spacious. The lanai spans the width of the unit with dual access from either bedroom and has preinstalled storm shutters for protecting during storms. The bedrooms have floor to ceiling jalousie windows and lanai doors for optimum light and view of the greenery. The building offers community laundry on both buildings, bike storage, moped parking, and a salt water pool. The maintenance fees cover all of your basic utilities and property taxes. Parking is available for rent through for $175, waitlisted.

1720 Ala Moana Boulevard Unit 407A, Honolulu

$260,000

2 Beds ⋅ 2 Baths ⋅ 202615863 MLS ⋅ LH - Leasehold Tenure ⋅ 6 DOM ⋅ Ala Wai Mansion BLDG.

Welcome home to this spacious two-bedroom, two-bath residence offering comfortable island living with a long lease through 2050! The generous floor plan provides plenty of room to relax and entertain, while the expansive wrap-around lanai extends your living space outdoors—perfect for enjoying refreshing breezes and beautiful mountain and canal views. Inside, you'll appreciate the abundance of storage throughout, making it easy to keep everything organized while enjoying a roomy, open feel. Large windows bring in natural light and showcase the surrounding scenery, creating a peaceful retreat in the heart of Honolulu. With two full bathrooms, generous living areas, exceptional storage, and a long lease through 2050, this home offers an attractive opportunity for buyers looking for space, views, and value. Bring your personal touches and make this inviting residence your own!

2029 Ala Wai Boulevard Unit 803, Honolulu

$258,800

2 Beds ⋅ 2 Baths ⋅ 202615508 MLS ⋅ LH - Leasehold Tenure ⋅ 8 DOM ⋅ Wailana At Waikiki BLDG.

Rarely available, fully remodeled end-unit residence with breathtaking Diamond Head and Pacific Ocean views, ideally located directly across from Hilton Hawaiian Village and just steps from Waikiki Beach. This bright, open-concept home features a beautifully renovated kitchen with modern cabinetry, quality countertops, stainless steel appliances, updated bathrooms, stylish finishes throughout, new central A/C, an in-unit washer/dryer, and a covered deeded parking stall. The spacious lanai is the perfect place to relax while enjoying refreshing trade winds and panoramic ocean views. The Wailana offers secured entry, resident manager, swimming pool, and recreation area. Minutes from Ala Moana Beach Park, Ala Moana Center, Fort DeRussy, Ala Wai Yacht Harbor, world-class dining, shopping, and entertainment. Leasehold through 2069 (approximately 43 years remaining), offering exceptional value in one of Waikiki's most desirable locations. Beautifully updated, competitively priced, and easy to show.

1860 Ala Moana Boulevard Unit 1509, Honolulu

$170,000

1 Beds ⋅ 1 Baths ⋅ 202615768 MLS ⋅ LH - Leasehold Tenure ⋅ 10 DOM ⋅ Royal Kuhio BLDG.

2240 Kuhio Avenue Unit 1014, Honolulu

$65,000

1 Beds ⋅ 1 Baths ⋅ 202615625 MLS ⋅ LH - Leasehold Tenure ⋅ 12 DOM ⋅ Hawaiian King BLDG.

This is a leasehold property. Charming 1 bed/1 bath condo at the Hawaiian King in the heart of Waikiki, located between Kuhio Ave and Ala Wai Blvd, close to International Marketplace and numerous restaurants, bars, and eateries. 468 sq ft interior plus a 90 sq ft covered lanai on the 3rd floor. Kitchen includes full-size range, refrigerator, and microwave; window A/C unit. Community laundry on site. Building amenities include a pool with poolside seating, umbrellas, tiki torches, and BBQ area. No parking. Monthly fee of $838.80 plus $56.30 Spectrum bulk cable/internet and $102.00 special monthly reserve assessment, totaling $997.10. Sold as-is. Buyer to conduct due diligence on lease rent, property taxes, and rental zoning, and must apply for lease assignment with Queen Emma Land Co. upon acceptance of offer, with approval required prior to closing.

417 Nohonani Street Unit 311, Honolulu

$69,000

1 Beds ⋅ 1 Baths ⋅ 202615628 MLS ⋅ LH - Leasehold Tenure ⋅ 12 DOM ⋅ Hawaiian King BLDG.

This is a leasehold property. Charming 1 bed/1 bath condo at the Hawaiian King in the heart of Waikiki, located between Kuhio Ave and Ala Wai Blvd, close to International Marketplace and numerous restaurants, bars, and eateries. 468 sq ft interior plus a 90 sq ft covered lanai on the top floor, with views across Kuhio Ave. Kitchen includes full-size range, refrigerator, and microwave; window A/C unit. Community laundry on site. Building amenities include a pool with poolside seating, umbrellas, tiki torches, and BBQ area. No parking. Monthly fee of $838.80 plus $56.30 Spectrum bulk cable/internet and $102.00 special monthly reserve assessment, totaling $997.10. Sold as-is. Buyer to conduct due diligence on lease rent, property taxes, and rental zoning, and must apply for lease assignment with Queen Emma Land Co. upon acceptance of offer, with approval required prior to closing.

417 Nohonani Street Unit 513, 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.