Waikiki Homes with Leasehold Land tenure

Welcome to Waikiki, a vibrant neighborhood nestled in the heart of Honolulu, Hawaii. Renowned for its stunning beaches, world-class dining, and rich cultural heritage, Waikiki is not just a destination; it’s a lifestyle. With the iconic Diamond Head as a backdrop, this lively area offers a unique blend of urban excitement and natural beauty.

Waikiki is famous for its golden sandy shores, perfect for sunbathing, surfing, and enjoying breathtaking sunsets. The lively atmosphere is complemented by an array of shops, restaurants, and entertainment options, making it a hub for both locals and tourists alike. Stroll along Kalakaua Avenue, where you can indulge in boutique shopping or savor delicious Hawaiian cuisine at one of the many oceanfront eateries.

For those considering a home in Waikiki, it’s important to note that many properties are on leasehold land. This means that while you can own your home, the land itself is leased from a landowner for a specified period, typically 55 to 99 years. Leasehold properties can offer a more affordable entry point into this sought-after location, allowing you to enjoy the Waikiki lifestyle without the hefty price tag of fee-simple ownership.

Whether you’re looking for a cozy condo with ocean views or a spacious apartment close to the action, Waikiki’s diverse real estate market has something for everyone. Embrace the spirit of aloha and make Waikiki your home, where every day feels like a vacation!

Newest Waikiki Homes with Leasehold Land tenure

$119,000

1 Beds ⋅ 1 Baths ⋅ 202614470 MLS ⋅ LH - Leasehold Tenure ⋅ 0 DOM ⋅ Kalia BLDG.

Welcome to this beautifully remodeled, 1 bdrm 1 Bath Leasehold Coop at The Kalia! This home is a true blank canvas with clean, modern finishes throughout. Custom kitchen and bathroom, white soft-close cabinetry, quartz countertops, extended kitchen counters, abundant cabinetry, and a little breakfast nook or workstation. New LVT flooring and fresh interior paint. Beautiful tiled shower. Brand new white plantation shutters. Enclosed lanai. Peaceful treetop setting with lush green palm trees. This one truly has it all! Tropical lush grounds. Gated entrance, fob key access, security cameras, and on-site security. Close to the beach, restaurants, shopping, and bus lines. Open BBQ area. Rooftop community laundry. Open-air lobby, security patrol, Food Pantry grocery store, bakery, bus lines, restaurants and U.S. Post Office across the street. Monthly operating expenses total $1,503.94 and include Maintenance Fee ($726.24), Lease Rent ($634.00), Property Tax ($90.00), and Cable/Internet ($54.00). Long lease with fixed lease rent increases through 2048. Parking is available for owner occupants by waitlist (approximately $130-$140 per month).

425 Ena Road Unit 607C, Honolulu

$119,000

1 Beds ⋅ 1 Baths ⋅ 202614582 MLS ⋅ LH - Leasehold Tenure ⋅ 1 DOM ⋅ Tradewinds Hotel Inc BLDG.

Tradewinds Hotel - located on likely the loveliest Site at the ENTRANCE to WAIKIKI. Newly renovated Exceptionally Lovely apartment with bright beautiful aspect and wonderful view. Set among Bird of Paradise and Monstera bushes and many, many swaying palm trees, in an unbeatable location. Walking distance to an amazing array of beaches, hotels, restaurants, stores and more. The renowned Ala Moana Shopping Center is 2 blocks away. The Hawaii Prince Hotel, Ilikai Hotel, and the Hilton Hawaiian Village Hotel are all your very close neighbors. Walk to the Ala Wai Marina and Hawaii Yacht Club to sight see the colorful boats from all over the world. Waikiki Yacht Club is 2 blocks away. Stroll to the Ala Wai Canal to watch paddlers practice to compete in Outrigger Canoe races. Want to swim in the Ocean? You can stroll in seven minutes to Ala Moana Beach Park, Magic Island or Waikiki Beach in front of the Hilton. Timid of the Ocean? There is a protected lagoon at Magic Island and another at Hilton Hotel as well... Or just swim on-site at Tradewinds in the salt water pool, then BBQ your dinner next to the open-air lobby and eat there! Come and Live here and Enjoy Paradise!

1720 Ala Moana Boulevard Unit 706A, Honolulu

$260,000

1 Beds ⋅ 1 Baths ⋅ 202614033 MLS ⋅ LH - Leasehold Tenure ⋅ 8 DOM ⋅ Waikiki Banyan BLDG.

Renovated Waikiki Banyan with a Nonconforming Use Certificate (NUC) for legal short-term rental use! This high-floor 1BR/1BA offers the perfect opportunity for a Waikiki getaway with the flexibility of vacation rental use. Thoughtfully updated with new kitchen cabinetry and appliances, new flooring, upgraded ceiling lighting, and refreshed finishes throughout-ready to enjoy from day one. Located on the cooler side of the building, the unit enjoys refreshing trade winds and a comfortable island atmosphere. Waikiki Banyan's newly upgraded amenity deck is now open, featuring a pool, hot tubs, recreation areas, and more. Just moments from world-famous Waikiki Beach, dining, shopping, and entertainment, this is your opportunity to own a refreshed piece of paradise in the heart of Waikiki. Leasehold property; Fee Simple interest is not currently available for purchase.

201 Ohua Avenue Unit 3403 T2 (NUC), Honolulu

$218,900

2 Beds ⋅ 4 Baths ⋅ 202608185 MLS ⋅ LH - Leasehold Tenure ⋅ 9 DOM ⋅ Wailana At Waikiki BLDG.

Beautifully Renovated Condo! PRICED TO SELL! Long 44-year land lease through 11/30/2069. Enjoy gorgeous open panoramic 5th-floor views over Fort DeRussy, Diamond Head, and Hilton Hawaiian Village from the living room and primary bedroom! Spacious 2-bed/2-bath with 1,171 sq. ft. interior + 124 sq. ft. lanai (1,294 sq. ft. total). Central A/C. Brand-new upgrades include new kitchen cabinets, quartz countertops, stainless-steel appliances, microwave, dishwasher, disposal, renovated tile bathrooms, Toto toilet seats, washer/dryer, and travertine floors. Just a short walk to the swimming beach & lagoon at Hilton Hawaiian Village. Convenient new ABC Store on the ground level, plus restaurants galore. Walk or take a short bus ride to Ala Moana Beach Park and Ala Moana Shopping Center. Experience the best of Waikiki living every day! Includes one covered secured parking stall (Level 3), swimming pool, and large BBQ area. Condo is vacant and easy to show on short notice. Building allows 90-day-or-longer rentals and two pets. $1,848.12/mo (MFee + Reserves, internet, cable TV); Lease rent = $1,173.41/mo; RP Tax = $189.61/mo; Total = $3,211.14/mo. This condo won't last at this price!

1860 Ala Moana Boulevard Unit 501, Honolulu

$65,000

1 Beds ⋅ 1 Baths ⋅ 202613964 MLS ⋅ LH - Leasehold Tenure ⋅ 10 DOM ⋅ Kaioo Terrace BLDG.

Hawaii living at it's finest! This rarely available ground floor, one bedroom condo has everything you'll need for a property in Waikiki. Located near restaurants, the beach, stores, and Alamoana shopping center. This income producing property is move in ready! The property was entirely redone in 2021. New Bathroom, new kitchen, new appliances, new flooring, new paint, new AC. Parking in Waikiki can be a challenge, but not for this property, a parking stall is included and parking is first come first serve. Amenities include a secured entry, pool/jacuzzi, and a resident manager. Association and Maintenance fees include gas, electric, and trash. Don't wait! Inquire today!

1867 Kaioo Drive Unit 110, Honolulu

$275,000

2 Beds ⋅ 1 Baths ⋅ 202613758 MLS ⋅ LH - Leasehold Tenure ⋅ 14 DOM ⋅ Royal Aloha BLDG.

CANCELED: Broker Open scheduled for today (9:30AM) is canceled, due to last minute AIRBNB booking. Incredible opportunity to own a rare, legal short-term vacation rental or the ultimate urban beach pad in the heart of Oahu. Located at the vibrant gateway of Waikiki, this turnkey, fully furnished 2BR/1BA condo at the iconic Royal Aloha is famed for its stunning ocean-facing Wyland whale mural. Investors will love this high-performing income property, optimized to sleep 4 to 6 guests with a fully equipped kitchen, cool AC, and a private lanai with mountain and city views. Perfect as a hands-off rental or a personal island getaway that pays for itself. Calling all locals! If you work in town or Waikiki, ditch the brutal daily commute and live where you play. This highly walkable location means you can skip the car hassle entirely. You are just steps from world-famous surf, scenic Ala Wai strolls, premier dining, luxury shopping, and major transit routes. Secure building, move-in ready, and unbeatable convenience. Surf in the morning, walk to work, and enjoy the true Waikiki lifestyle! Maintenance fee includes; electricity, AC central, water, and sewer. Leasehold expire 2041.

1909 Ala Wai Boulevard Unit 807, Honolulu

$98,000

1 Baths ⋅ 202613225 MLS ⋅ LH - Leasehold Tenure ⋅ 14 DOM ⋅ Inn On The Park BLDG.

An excellent opportunity to own a legal short-term vacation rental in a prime Waikiki location. Situated directly across from Ft. DeRussy Park, the unit offers accessible and vibrant city living - a short distance to Waikiki Beach, the Hilton Hawaiian Village, Ala Moana Shopping Center, and various restaurants. The unit is conveniently located near the elevator and features a charming lanai with neighborhood views. The building itself provides secure access and several amenities, including a pool and community laundry, and enjoy the use of the barbecue and recreation areas. Must see!

1920 Ala Moana Boulevard Unit 802, Honolulu

$419,000

3 Beds ⋅ 3 Baths ⋅ 202613253 MLS ⋅ LH - Leasehold Tenure ⋅ 15 DOM ⋅ Royal Kuhio BLDG.

Experience luxury penthouse living in the heart of Waikiki! This stunning two story penthouse offers over 2,400 sq ft of living area with breathtaking 180 degree views stretching from Waikiki Beach and the Pacific Ocean to the Ala Wai Canal, city skyline, and mountains. Ideally positioned to face the ocean, the home features soaring vaulted ceilings, dramatic floor to ceiling windows, and two open lanais that invite in the trade winds and provide the perfect place to relax and enjoy the fresh air. Remodeled in 2011, the home boasts beautiful marble tile flooring, a gourmet eat in kitchen, and tastefully renovated bathrooms. The spacious floor plan includes three bedrooms and three bathrooms, with one bedroom and full bath on the main level and two expansive upstairs bedroom suites, each with its own oversized en suite bathroom. Additional features include a full size washer and dryer in the unit and three covered parking stalls, a rare luxury in Waikiki. Enjoy the convenience of world class beaches, shopping, dining, entertainment, and everything Waikiki has to offer just moments from your front door.

2240 Kuhio Avenue Unit 3806, Honolulu

$60,000

1 Beds ⋅ 1 Baths ⋅ 202613715 MLS ⋅ LH - Leasehold Tenure ⋅ 15 DOM ⋅ Hawaiian Prince Apts Ltd BLDG.

Vacant 1 bedroom 1 bath condo at the Hawaiian Prince Apts LTD in the heart of Waikiki right across from International Marketplace. Parking available by waitlist with the site manager. Unique opportunity to create your own hideaway space in Waikiki. The Hawaiian Prince Apts LTD is a co-op property and requires interested buyers to interview with the site manager and one board member for approval. Minimum 30-day rental period to offer as a short-term rental. Unit is freshly painted and easy to renovate.

410 Nahua Street Unit 406, Honolulu

$70,000

1 Beds ⋅ 1 Baths ⋅ 202613546 MLS ⋅ LH - Leasehold Tenure ⋅ 17 DOM ⋅ Tradewinds Hotel Inc BLDG.

Excellent buy! Spacious 1-bedroom, 1-bath unit with open spacious lanai Great cross ventilation. Brand newWhirlpool refrigerator, bathroom vanity, kitchen sink, cooktop and built-in murphy bed. Central and convenientlylocated Waikiki home! Near beaches, parks, great shopping, dining and Ala Moana Center, Hilton Lagoon, WaikikiYacht Club and major hotels. Tradewinds Hotel offers great amenities including a saltwater swimming pool, beautifulcourtyard and BBQ areas, bike and surfboard racks, laundry facilities, and guest parking stalls. The property is gatedwith a security guard, secured elevator, and property manager. Maintenance fee includes Coop property tax,electricity, water, sewer internet and TV. The ideal Waikiki getaway or second home. Property will be sold in as iscondition.

1720 Ala Moana Boulevard Unit 603A, Honolulu

$140,000

1 Beds ⋅ 1 Baths ⋅ 202613408 MLS ⋅ LH - Leasehold Tenure ⋅ 17 DOM ⋅ Waikiki Banyan BLDG.

Enjoy the cooler mountain-side breezes from this desirable 6th-floor unit at Waikiki Banyan. Located on the same floor as the recently renovated amenity deck, this unit offers convenient access to the swimming pool, BBQ areas, and recreational facilities. One of the rare features of this unit is the dedicated space and capability for an in-unit washer and dryer installation, highly sought-after amenity not commonly found at Waikiki Banyan. This property offers excellent vacation rental potential for investors while also providing a convenient island retreat. Ideally situated just minutes from Waikiki Beach, world-class dining, shopping, entertainment, and all that Waikiki has to offer. A unique opportunity to own a versatile vacation rental property in one of Honolulu’s most popular destinations. This property is leasehold and it will expire in 2035. Fee purchase is not available.

201 Ohua Avenue Unit 609 Tower-II, Honolulu

$85,000

1 Beds ⋅ 1 Baths ⋅ 202612749 MLS ⋅ LH - Leasehold Tenure ⋅ 21 DOM ⋅ Kalia BLDG.

Experience Waikiki living at The Kalia, a charming leasehold cooperative community ideally located just moments from Hilton Hawaiian Village, the Ilikai Hotel & Marina, world-famous beaches, restaurants, shopping, and entertainment. This well-maintained residence offers an exceptional opportunity to own in one of Honolulu's most desirable neighborhoods. The Kalia is a leasehold cooperative with a land lease that expires in 2048. The total monthly fee of $1,503.94 includes lease rent ($634.09), maintenance fees ($726.24) covering all utilities and high-speed internet, cable ($53.61), and co-op property taxes ($90.00), providing convenient, predictable monthly living expenses. Whether you're looking for an island retreat, a primary residence, or a place to enjoy the Waikiki lifestyle, you'll appreciate the unbeatable location with easy access to beaches, parks, dining, shopping, and public transportation.

425 Ena Road Unit 207B, 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.