Molokai Homes with Leasehold Land tenure

Welcome to Molokai, a hidden gem in the Hawaiian archipelago that promises a unique blend of natural beauty and cultural richness. Nestled in the heart of the Pacific Ocean, Molokai is often referred to as “The Friendly Isle,” and it truly lives up to its name. With its lush landscapes, pristine beaches, and welcoming community, this island offers a tranquil escape from the hustle and bustle of modern life.

Kaunakakai, the largest town on Molokai, serves as the vibrant hub of the island, where you can find charming shops, delightful eateries, and a glimpse into the local lifestyle. The town’s picturesque waterfront is perfect for leisurely strolls, and the stunning views of the neighboring islands will leave you in awe.

For those considering a home in this idyllic setting, homes with leasehold land tenure are a popular choice. This means that while you may not own the land outright, you can enjoy the benefits of living in this beautiful locale at a more affordable price point. Leasehold properties often come with lower purchase prices, making it easier for buyers to enter the Molokai real estate market.

Imagine waking up to the sound of gentle waves lapping against the shore, with the sun rising over the majestic mountains in the distance. Whether you’re seeking a cozy cottage or a spacious family home, Kaunakakai has a variety of leasehold properties that cater to different tastes and budgets. Embrace the spirit of aloha and discover your dream home on Molokai, where every day feels like a vacation.

Newest Molokai Homes with Leasehold Land tenure

$105,000

1 Beds ⋅ 1 Baths ⋅ 408487 MLS ⋅ Leasehold Tenure ⋅ Molokai Shores BLDG.

Priced to sell! Great beachfront opportunity at Molokai Shores, Unit A113. This is a rare fully remodeled ground floor leasehold condo features an open kitchen design and vinyl flooring throughout, offering easy island living just steps from the ocean. Zoned Hotel (H-1) the unit provides excellent flexibility for short term and long term rentals or use as your own full time or part time Hawaiian retreat. The condo comes fully furnished and turn key ready! Molokai Shores offer desirable resort style amenities including an in-ground swimming adults & on for little keikis, putting green, shuffleboard court, gas and charcoal BBQ areas with picnic tables, benches for watching sunset and whales breaching, kayak & stand up paddle board storage rack, easy parking and florist & hairdresser on property. Ideally located near Kaunakakai town and the harbor, where you will enjoy convenient access to shopping, dining and island services. Paddle daily to the beautiful pristine barrier reef that Molokai has to offer. HOA dues include water, gas, internet/cable, community laundry, trash, private sewer, grounds and outside maintenance, providing peace of mind. Owner do pay solar electric. Don’t miss this rare opportunity to own a beautiful ground floor condo ready for your use!!

1000 Kamehameha V Hwy Unit A113, Kaunakakai

Listing courtesy of Molokai Vacation Properties.

$99,000

1 Beds ⋅ 1 Baths ⋅ 407876 MLS ⋅ Leasehold Tenure ⋅ Molokai Shores BLDG.

Views, Views, Views! Great price adjustment on this highly desirable unit offering one of the most scenic locations in the complex. Relax on your lanai and take in the sweeping views of the oceanfront pool, breathtaking winter sunsets, and the channel crossing toward Lana‘i. During the winter months, enjoy whale watching right from your balcony, along with refreshing tradewinds year-round. Inside, the condo features an easy and functional kitchen-to-living room layout, laminate flooring throughout, and comes fully furnished. The bedroom includes a comfortable queen-size bed, and the bathroom offers a convenient setup with a separate vanity area apart from the toilet and shower room. Zoned Hotel, this unit provides maximum flexibility—ideal for full-time living, a personal vacation retreat, or as a short-term rental opportunity. This leasehold property has a monthly lease fee of $132, in addition to HOA dues that cover exterior maintenance, landscaping, on-site management, water, internet, cable TV, garbage, and sewer. Molokai Shores offers wonderful amenities, including a gated in-ground swimming pool, shuffleboard court, putting green, gas and charcoal BBQ areas, picnic tables, and beautifully maintained tropical grounds featuring a variety of plants and fruit trees. Additional conveniences include a local hairdresser and florist located near the management office. Experience the peaceful oceanfront lifestyle of Molokai with this charming and versatile condo!

1000 Kamehameha V Hwy Unit 229C, Kaunakakai

Listing courtesy of Molokai Vacation Properties.

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.