Hilo Homes with Leasehold Land tenure

Welcome to Hilo, a picturesque gem nestled on the Big Island of Hawaii, where lush landscapes meet the vibrant culture of island life. Known for its rich history, Hilo boasts a charming blend of old-world charm and modern amenities, making it an ideal place to call home. The neighborhood is characterized by its friendly community, stunning coastal views, and a plethora of outdoor adventures just waiting to be explored.

One of the unique aspects of Hilo is its leasehold land tenure, which is prevalent in many of the residential properties here. This means that homeowners can enjoy the benefits of living in this beautiful area without the full financial commitment of owning the land outright. Leasehold properties can offer a more affordable entry point into the Hilo real estate market, allowing you to experience the island lifestyle without breaking the bank. Many homes in Hilo feature tropical gardens, spacious layouts, and proximity to the ocean, making them perfect for families, retirees, or anyone seeking a slice of paradise.

The neighborhood is rich with amenities, including local shops, farmers' markets, and cultural events that celebrate Hilo's diverse heritage. The nearby beaches, waterfalls, and hiking trails provide endless opportunities for adventure and relaxation. Whether you're sipping coffee at a local café or exploring the lush rainforests, Hilo offers a unique blend of tranquility and excitement.

Discover the charm of Hilo and explore the possibilities that come with leasehold land tenure. This vibrant community is waiting to welcome you home!

Newest Hilo Homes with Leasehold Land tenure

$160,000

2 Beds ⋅ 1 Baths ⋅ 731309 MLS ⋅ ['Leasehold'] Tenure ⋅ Hilo Terrace BLDG.

This is a leasehold property. Welcome to this gorgeous two-bedroom, one-bathroom condo in the desirable Hilo Terrace community, offering the perfect mix of island charm and city convenience. The living room glows with gorgeous natural light, leading into a super cute kitchen layout complete with hardwood cabinets, a fridge and a stove, and plenty of room to whip up your favorite meals. Enjoy spacious bedrooms with large closets and windows that open. There are an additional two closets in the condo to help handle all your storage goals. Location perks abound as you are situated directly across the street from local schools and just minutes from the bustling shops and eateries of downtown Hilo. Combining comfort with practicality, the property also features a pool, on-site trash disposal, municipal water, available mail service and a laundry facility. Fully furnished and move-in ready. Furniture can be purchased for an additional fee. HOA fees are about $750, which includes: HOA fees, reserve fee, gas, water, trash, and leasehold fee. Electrical is additional but billed through the monthly HOA statement Leasehold: This is a leasehold, meaning there is a $100/month leasehold fee to cover the lease fee, which can be purchased for an additional $55,000 +/-

485 Waianuenue Ave Unit 122, HILO

Listing courtesy of Bizwala.

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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.