Big Island Homes with Leasehold Land tenure

Welcome to the breathtaking Big Island of Hawaii, a paradise where natural beauty meets rich cultural heritage. Known for its diverse landscapes, from lush rainforests and volcanic mountains to pristine beaches, the Big Island offers an unparalleled lifestyle for those seeking to embrace the spirit of Aloha. With its unique geographical features, including the majestic Mauna Kea and the vibrant shores of Kailua-Kona, this island is a haven for outdoor enthusiasts, adventure seekers, and those simply looking to unwind in a tropical paradise.

When considering a home on the Big Island, you’ll find a variety of options, including properties with leasehold land tenure. Leasehold properties are quite common in Hawaii and can provide an affordable entry point into this stunning market. With leasehold homes, buyers purchase the property but lease the land from a landowner for a specified period, often ranging from 30 to 99 years. This arrangement can be particularly appealing for those who wish to enjoy the beauty and lifestyle of the Big Island without the higher costs associated with fee-simple properties.

Living in a leasehold home on the Big Island means you can immerse yourself in the local culture, explore the vibrant communities, and enjoy the breathtaking surroundings without breaking the bank. Whether you’re looking for a cozy beachside retreat or a spacious family home nestled in the mountains, the Big Island has something for everyone. Embrace the opportunity to create your own slice of paradise in this enchanting island oasis!

Newest Big Island Homes with Leasehold Land tenure

$672,000

3 Beds ⋅ 3 Baths ⋅ 732129 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Located in Keauhou Mauka, the heart of the Kona Coffee Belt, this property offers a lifestyle that most would envy. The farm is 19.5 acres, with approximately 11.5 acres of planted coffee, with over 3000 trees that are fully accessible by machine. The house is open and airy, with Brazillian Cherry wood floors in the main living area, skylights and sweeping ocean views. There are 3 bedrooms on the second level as well as an office, full sized bathroom, a dining area and a living room. Upstairs on the third level is a large primary bedroom and its own bathroom. On the ground floor level is a one car garage, a bonus room and Farmhand quarters with a full bathroom. Make your Kona Coffee dreams a reality! **Agricultural land and county water. Property is being sold AS IS. Farm equipment is not included in the sale. Verification of funds is required prior to showing. Property is owner occupied and 48 hours notice is preferred. Home inspection available.

78-1134 Bishop Road, HOLUALOA

Listing courtesy of Coldwell Banker Island Properties - Kona.

$195,000

1 Baths ⋅ 732139 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Islander Inn BLDG.

This is a leasehold property. Welcome to this Top floor, End unit Studio which has been renovated and is offered fully furnished. The historic Kona Islander Inn has wonderful amenities, inviting lush tropical gardens and is centrally situated within Kailua-Kona village - a peaceful retreat with the convenience of being in the heart of town. - Enjoy this island-style condo as your own Hawaii getaway and as an investment property as well. The property is an existing vacation rental with solid rental history and future reservations which are assumable by Buyer. - Offered completely furnished with all that you'll need including a Queen bed plus sofa-sleeper, indoor and outdoor seating, TV, refrigerator / freezer, microwave, coffee-maker & more - Enjoy the covered outdoor lanai with garden views, ocean breeze - Air conditioning for warmer Hawaii climate plus tropical ceiling fan - Amenities include centrally located in-ground pool, spa, barbecue, charming open-air lobby with lounge and veranda, complimentary parking pass, lush mature landscaping and coin-operated laundry facility - Located adjacent to Alii Drive, Kona Islander Inn is just a short stroll to all that Kailua-Kona has to offer: ocean activities, historical sites, restaurants, shopping & farmer's market, personal services, churches and Kailua Public Library. - Monthly condo fees include all utilities: electricity, TV cable/internet, water, sewer, trash, maintenance of the grounds, pool, spa, barbecue, recycling.

75-5776 Kuakini Highway Unit 334, KAILUA KONA

Listing courtesy of NextHome Paradise Realty.

$199,000

1 Baths ⋅ 731827 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Islander Inn BLDG.

This is a leasehold property. Incredible opportunity to own a turnkey, active short-term vacation rental in the heart of Kailua-Kona. Located on the third floor of the Oahu building at the Kona Islander Inn, suite #339 is a 372 sqft studio offering peaceful Plumeria garden views from its private lanai. Priced to sell, this unit features an established STVR track record with a 3-night minimum stay. Proven seasonal rates include a $140/night base rate. Step right into an operational investment asset or use it as your private tropical escape. The complex sits directly across the street from the ocean and is just steps from the historic dining, shopping, and entertainment along Alii Drive. Resort-style amenities include an in-ground pool, spa/hot tub, two BBQ grill areas, community laundry, and helpful onsite staff. The comprehensive $1,075/month maintenance fee completely streamlines your expenses by covering electricity, high-speed internet, cable TV, water, sewer, trash, and common area maintenance. This leasehold property is open to Cash or 1031 Exchange buyers, with furnishings negotiable. Pack your suitcase and take over this prime piece of Kona today. The information herein may contain inaccuracies and is provided without warranty of any kind. Agents and buyers must independently verify any info they deem material or important to their purchase or any offered price thereunder.

75-5776 Kuakini Hwy Unit 339, KAILUA KONA

Listing courtesy of eXp Realty.

$280,000

1 Baths ⋅ 731984 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Islander Inn BLDG.

This is a leasehold property. Enjoy the convenience of in-town living at the Kona Islander Inn. This turnkey, leasehold studio is currently operating as a successful short-term vacation rental and features a private lanai overlooking the pool area, and beautifully maintained tropical landscaping. The unit offers a blend of modern and island-style furnishings, air conditioning, blackout drapes, a kitchenette, and everything needed for a comfortable island getaway. Resort amenities include a pool, hot tub, BBQ area, parking lot, trash service, and on-site laundry. Ideally located along Ali‘i Drive, the Kona Islander Inn is just a short walk to the ocean, Kailua-Kona town, restaurants, shops, and popular attractions. Monthly HOA fees include leasehold rent, water, electricity, basic cable, trash, and high-speed internet. Lease runs through 2079 with renegotiation scheduled for 2029. Buyers utilizing lending are welcome to submit offers.

75-5776 Kona Islander Inn Unit 201, KAILUA KONA

Listing courtesy of eXp Realty.

$250,000

2 Baths ⋅ 731795 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Unique and spacious location overlooking Kalakaua Park in downtown Hilo. This space has been home to a successful restaurant for many years and now it's ready for your dream of running your own restaurant to come true. Space comes fully furnished along with full kitchen set up and equipment.

110 Kalakaua St, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$340,000

1 Beds ⋅ 1 Baths ⋅ 731956 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Makai BLDG.

This is a leasehold property. Incredibly special and rare offering at Kona Makai — this top-floor unit with a spacious loft is STVR-CERTIFIED and an extremely successful vacation rental with a history of strong, consistent guest reviews. This is a proven income-producing property, not a hypothetical opportunity. One of the most valuable features is the installed split air-conditioning system, a very rare and highly sought-after upgrade in Kona Makai that dramatically enhances guest comfort and rental demand. The large loft functions as a true second sleeping area, allowing the unit to comfortably sleep up to six guests, maximizing flexibility and rentability. Beautifully decorated and exceptionally spacious, the unit enjoys ocean views from both the main lanai and the loft, creating an elevated island experience that guests consistently rave about. Kona Makai is a beautifully maintained, highly desirable oceanfront community located on iconic Alii Drive. Resort-style amenities include lush tropical landscaping, an oceanfront pool and spa, sunny lounging areas, two fitness rooms, gas BBQ and dining areas, tennis courts, ping-pong, ample parking, and nighttime gated security. Monthly maintenance fees include water, landscaping, resident manager, trash service, pool maintenance, cable TV, and high-speed internet (500+ Mbps) — a significant value add for both owners and guests. This is a turn-key, STVR-approved, high-performing vacation rental in one of Kona’s most sought-after oceanfront complexes — a rare opportunity that checks every box for lifestyle, income, and long-term value

75-6026 Alii Dr Unit 5305, KAILUA KONA

Listing courtesy of Knutson & Associates.

$199,500

1 Baths ⋅ 732011 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Islander Inn BLDG.

This is a leasehold property. LOCATION, LOCATION, LOCATION!!! 52 YEARS REMAINING on this leasehold condo!!! STVR permitted!!! Right in the middle of the OCEANFRONT action, however quiet and secluded at the same time. CHARMING mid-century atmosphere amid tropical garden with POOL, HOT TUB, and outdoor BBQ GRILL. Perfect for the owner occupant, where with a SMALL downpayment first time buyers can own their home for possibly less then what they are currently paying for rent and as owner occupants enjoy a lower real property tax. Current real property tax only $2,462.72. Coin laundry on the premise.

75-5776 Kuakini Highway Unit 221, KAILUA KONA

Listing courtesy of Aloha Hawaiian Realty.

$325,000

3 Beds ⋅ 3 Baths ⋅ 731783 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. This newly constructed home is ready for move in day! Really the only thing left to do is create your oasis with whatever landscaping suits you best. The interior was designed with modern living in mind. From the open concept living area with kitchen island, to the durable luxury vinyl plank flooring, this home is beautiful and practical all at the same time. The fresh clean color pallet is enhanced by all of the natural light coming through home's windows. Washer and dryer hookups are in the covered carport. This is an affordable housing property and buyers must qualify financially by being in the income range of 80% - 140% of the Hawai'i County median income. Call for more information, or visit https://haleohawaii.org

11-3319 Pa Alii St, VOLCANO

Listing courtesy of COMPASS.

$110,000

1 Beds ⋅ 1 Baths ⋅ 731641 MLS ⋅ ['Leasehold'] Tenure ⋅ Alii Villas BLDG.

This is a leasehold property. Own Your Piece of Paradise at Oceanfront Aliʻi Villas! Unit #112, is a beautifully furnished 1-bedroom, 1-bath condominium in the highly desirable oceanfront Aliʻi Villas community. Located on the south side of the complex near the pool, this garden-view unit offers a tranquil island setting surrounded by lush tropical landscaping. The living, dining, and kitchen area flows out to a ground floor lanai - perfect for morning coffee, yoga, or additional storage. Being sold fully furnished, this move-in-ready condo features a full-size washer and dryer too. Aliʻi Villas is one of the few oceanfront communities in Kailua-Kona that allows short-term vacation rentals, making this an excellent opportunity for buyers seeking a future investment property, second home, or full-time residence. Community amenities include a solar-heated saltwater pool, oceanfront BBQ area, sunset viewing deck, library, and community gathering areas. Conveniently located just minutes all Kailua-Kona's has to offer, including restaurants, shopping, beaches, farmers markets, and ocean activities. Monthly maintenance fees include water, trash service, basic cable, internet, and exterior/common area maintenance. The current lease ends 2/28/29. The Fee is available for purchase for $450k. Buyers may purchase the fee simultaneously with the condominium purchase, providing the opportunity to get a loan and convert the property to fee simple ownership.

75-6016 Alii Dr Unit 112, KAILUA KONA

Listing courtesy of Hawaii Estates LLC.

$699,000

5 Beds ⋅ 3 Baths ⋅ 731103 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. The lease is a Kamehameha Schools/Bishop Estate Agricultural Productive Lease which is set to expire on 10/31/2051. Gracing this productive 5.53 acre macadamia and coffee farm is an impressive and well maintained two story 5 bedroom/3 bath home located at the lower end of the property. The home is situated at an approximate elevation of 1,100' and overlooks a beckoning and picturesque stretch of the South Kona District coastline. Notable features of the home include * An upper level with 1,672sqft of living area that includes 3 bedrooms and 2 bathrooms was completed in 1983. * A lower level with 2 bedrooms and 1 bathroom was added and finalized in 1993. * Covered lanais of 546sqft on the upper level and 80sqft on the lower level. * A spacious kitchen area with plenty of counter space and cabinetry. * Bathrooms were updated in 2011. * Solar hot water system installed in 2008. * An attached 3 car carport of 930 sqft that includes a lockable storage area as well as a family recreation area. Residential Landscape: * Large well maintained lawn area on the northern side with rock retaining walls. * An attractive garden area containing anthuriums and hapuu. * Plenty of room for raised garden beds. Farm Area: * Has approximately 100 producing and mature macadamia trees. Approximately 300 coffee trees have planted in the past 5 years. * Miscellaneous fruit trees. * A neighbor owned fence forms the northern boundary while an intermittent rockwall bounds the southern boundary. * A 4*4 road provides access to the upper end of the farm. * A processing and storage shed is conveniently located at the lower end of the farm. This special property is conveniently located 5 miles from Captain Cook and just over a mile from the Honaunau Elementary School. Kailua-Kona and the Kona Airport are within 17 and 24 driving miles respectively. https://player.vimeo.com/video/1205189352

84-5084 Hawaii Belt Rd, CAPTAIN COOK

Listing courtesy of Sue Brown Realty and Associates.

$229,000

1 Baths ⋅ 730813 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Islander Inn BLDG.

This is a leasehold property. Rarely available View Unit in Kona Islander Inn. Enjoy the beautiful Ocean Horizon Views from this Upper Floor Corner Unit!!! Situated in the highly sought after Maui Building, tucked away from traffic and road noise this 3rd floor corner unit is a tranquil escape while still being in the heart of the action in Kailua Kona with easy access to Alii Drive Beaches & Restaurants. This artistically decorated retreat boasts an updated kitchenette, new sliding door, new AC unit and pride of ownership through out. Whether you're looking for a relaxing vacation or a remote working experience, this is the ultimate destination to create your piece of Hawaiian Paradise. Unit #322 is a highly successful Short Term Vacation Rental, and comes turnkey with everything you need to continue this revenue generating investment. Monthly HOA Fees Include: Water / Electric / Trash / Cable / Internet / Resident Manager in addition to the maintenance of the grounds and pool & spa and BBQ area

75-5776 Kuakini Hwy Unit 322, KAILUA KONA

Listing courtesy of Coldwell Banker Island Properties - Kona.

$849,000

3 Beds ⋅ 2 Baths ⋅ 731416 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Rare opportunity to acquire the former Hawaiian Host South Kona facility, a landmark property in the heart of the Kona Coffee Belt. Situated on approximately 3.1 acres along Lower Napoʻopoʻo Road, this Kamehameha Schools Bishop Estate leasehold property includes a 3-bedroom, 2-bath caretaker residence, approximately 11,000+ square feet of warehouse, manufacturing, office, storage, and retail/showroom space. Existing infrastructure provides a rare combination of operational capacity, flexibility, and expansion potential in one of Hawaiʻi Island's most desirable agricultural regions. Leasehold interest extends through February 29, 2052. Properties of this size, infrastructure, and potential rarely become available in South Kona. Property is being sold As-Is. Buyers are encouraged to conduct their own due diligence regarding lease terms, assignment requirements, permitted uses, and all matters material to their purchase. All information herein is deemed reliable but not guaranteed. Buyers and their agents should independently verify any information they deem material or important to their purchase.

83-5711 Lower Napoopoo Rd, CAPTAIN COOK

Listing courtesy of eXp Realty.

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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.