Kahului 1st & 2nd Homes with Leasehold Land tenure

Welcome to the vibrant neighborhoods of Kahului 1st & 2nd in beautiful Kailua Kona, Hawaii! Nestled on the stunning Big Island, this area offers a unique blend of island charm, community spirit, and breathtaking natural beauty. Kahului is known for its welcoming atmosphere and diverse culture, making it an ideal place for families, retirees, and anyone seeking a slice of paradise.

Kahului 1st & 2nd boast a variety of homes that cater to different lifestyles and budgets. One of the distinctive features of this region is the availability of leasehold land tenure. This means that while you can own a home in this picturesque neighborhood, the land itself is leased, often making it a more affordable option compared to freehold properties. This arrangement allows residents to enjoy vibrant island living without the hefty price tag typically associated with real estate in Hawaii.

The neighborhoods are conveniently located near essential amenities, including shopping centers, schools, and recreational facilities. Residents can easily access the pristine beaches, lush parks, and stunning hiking trails that Kailua Kona is renowned for. Whether you’re catching a wave at the beach, exploring local farmers' markets, or enjoying a sunset at one of the many oceanfront restaurants, life in Kahului is nothing short of idyllic.

Experience the warmth of Hawaiian hospitality and the beauty of island living in Kahului 1st & 2nd. With a variety of homes available, including those on leasehold land, you can find the perfect place to call home in this enchanting corner of the world. Come and discover your dream lifestyle in Kailua Kona!

Newest Kahului 1st & 2nd Homes with Leasehold Land tenure

$429,900

2 Beds ⋅ 2 Baths ⋅ 732991 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Makai BLDG.

This is a leasehold property. Welcome to Kona Makai 2-101, a beautifully updated 2-bedroom, 2-bath ground-floor corner residence offering approximately 1,041 sq. ft. of comfortable island living just moments from the ocean. **Offered turnkey and fully furnished**, this successful vacation rental combines a highly desirable location, flexible floor plan, ocean views, split-system air conditioning, and convenient no-stairs access. The unit underwent extensive updates in 2024, including new A/C mini-splits, refreshed kitchen cabinetry, new backsplash and floating shelves, new living room and kitchen flooring, updated paint and wall coverings, new fixtures and lighting, new furniture and décor, custom headboards, and a new television in the primary bedroom. Kona Makai 2-101 offers an established short-term vacation rental history and is being sold **turnkey and fully furnished**, creating an attractive opportunity for a buyer seeking a second home, island getaway, or investment property. Successful vacation rental in 2025 with additional rental activity continuing through 2026. Future reservations are already scheduled from September through spring, providing potential continuity for a buyer interested in vacation-rental use, subject to applicable rules, permits, booking-platform requirements, and reservation-transfer arrangements. An especially notable feature is the opportunity to convert the property from leasehold to fee simple. The Kona Makai AOAO has acquired the leased-fee interests for the condominium project and established a program allowing individual unit owners to purchase their proportionate fee interest. Buyers should review the current fee-conversion documents, pricing, deadlines, financing terms, and closing costs as part of their due diligence. Established vacation rental with a potential path to fee-simple ownership.

75-6026 Alii Dr Unit 2101, KAILUA KONA

Listing courtesy of Hawaii's Homegrown Realty LLC.

$245,900

1 Beds ⋅ 1 Baths ⋅ 732776 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Makai BLDG.

This is a leasehold property. Welcome to Kona Makai #5-207, a beautifully positioned end unit offering an exciting opportunity in one of Kona’s desirable oceanfront communities. Conveniently located with close access to parking this fully furnished 1-bedroom, 1-bath condominium offers approximately features two private lanais surrounded by Kona Makai’s lush tropical setting. What makes this opportunity particularly exciting is the flexibility now available to buyers. While currently leasehold, the fee simple interest is now available for purchase at Kona Makai, creating an opportunity to convert to fee simple ownership. Financing options are also available opening the door to buyers who may have previously overlooked leasehold properties. For investors, the potential is especially compelling! Kona Makai is an STVR-eligible complex, offering an opportunity for short-term vacation rental use. Combined with the ability to purchase the fee, this creates a unique opportunity for buyers looking for both flexibility and long-term potential. Inside, the end-unit location adds to the appeal, while two lanais provide additional spaces to enjoy Hawaiʻi’s indoor-outdoor lifestyle. Kona Makai offers fantastic resort-style amenities, including a spectacular oceanfront pool and spa, BBQ and gathering areas, tennis and pickleball courts, beautifully maintained tropical grounds, and ample open parking Located just minutes from downtown Kailua-Kona’s restaurants, shopping, beaches, and ocean activities, 5-207 combines location, convenience, rental potential, and the rare opportunity to purchase the fee interest. Leasehold today with the fee available for purchase an exciting opportunity to make Kona Makai your own!

75-6026 Alii Dr Unit 5207, KAILUA KONA

Listing courtesy of Knutson & Associates.

$315,000

1 Beds ⋅ 1 Baths ⋅ 730698 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Makai BLDG.

This is a leasehold property. The fee simple interest has recently become available and may be purchased separately by the buyer from the association. Kona Makai is a gated complex on the ocean side of Alii Drive, offering many amenities, including the oceanfront pool and spa, barbecue area, tennis courts, on-site parking and more! This air conditioned unit has a balcony that looks out to the ocean and the meticulously manicured landscaping. There is a a spacious loft with spacious closet overlooking the living area that can be used as a second bedroom. The kitchen comes equipped with a new stainless-steel refrigerator, new stove, dishwasher and a washer/dryer. There is a second balcony off the bedroom facing north ... The feeling of Hawaii at its best! This great unit also offers on-site parking and the security of a locked gate at night. Information contained herein is accurate, to the best belief of both the seller and listing brokers. Buyer and buyer's agent are to perform their own due diligence during the inspection period of any purchase contract.

75-6026 Alii Dr Unit 5302, KAILUA KONA

Listing courtesy of Hoku Star Realty.

$80,000

1 Beds ⋅ 1 Baths ⋅ 728519 MLS ⋅ ['Leasehold'] Tenure ⋅ Alii Villas BLDG.

This is a leasehold property. Beautifully maintained 1 bedroom, 1 bath condo in Kailua-Kona's most sought after ocean front community. Meticulously cared for interior and recently remodeled kitchen and bath with new appliances. Open floorplan connects the living area to the kitchen and lanai area which overlooks the pool. Ample storage throughout the unit and the parking space is conveniently located a short distance from the unit. Fully furnished and move in ready. Zoned for STVR but the unit has never been a short term rental. A short distance to downtown Kailua-Kona where you can enjoy shops, restaurants, farmers market and beaches. Alii Villas is located on Alii Drive and it offers a well maintained tropical setting with heated pool, BBQ area, large sunset /ocean view viewing deck at the end of the complex and has direct access to the shoreline. Maintenance fees include, water, basic cable, sewer, garbage collection, internet and exterior/common area maintenance. Pet friendly ( one small dog or cat allowed with board approval) This leasehold property expires in 2029 but the fee is available for purchase as of June 2025for $404,000 with a $4000 monthly increase in price thereafter.

75-6016 Alii Dr Unit 118, KAILUA KONA

Listing courtesy of eXp Realty.

$319,000

1 Beds ⋅ 1 Baths ⋅ 725079 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Makai BLDG.

This is a leasehold property. Kona Makai is an oceanfront complex that offers you relaxed Kona-style living. There is a large, inviting pool and spa area right on the coast. A private sandy spot to dig your toes in, a BBQ area for grilling, a fitness room, and even a ping pong table in the rec center. The tropical and lush landscaping, the easy breezes, and the sounds of the waves all add to the Hawaiian ambiance and enjoyment of being in Kona. This unit has been upgraded with new flooring and new paint throughout. It's being sold turnkey furnished. The unit is idealy located in Building 2. But it's the ocean views that really capture your attention. Enjoy morning coffee, dining, and pau hana cocktails on your lanai that looks directly at the ocean. This is a very special unit at an affordable price for personal enjoyment or as an investment property. It has an STVR license, which is transferable to the buyer. Kona Makai is a gated community that offers extra security. It's close to Kailua Town, beaches, Kona County Golf Club, movie theaters, restaurants, shopping and more. Enjoy all the pleasure and excitement of living along the famous Gold Coast.

75-6026 Alii Dr Unit 2203, KAILUA KONA

Listing courtesy of Kona Pacific Realty.

$205,000

1 Beds ⋅ 1 Baths ⋅ 724031 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Makai BLDG.

This is a leasehold property. FEE AVAILABLE FOR PURCHASE!! SEE ATTACHED LETTER FROM AOAO! THE FEE AND UNIT ARE FINANCEABLE! Welcome to Kona Makai 2-102, a beautifully maintained ground-floor condo in one of Kailua-Kona’s most sought-after oceanfront communities. This turn-key unit has been well-loved by both owners and guests alike, offering the perfect balance of comfort, convenience, and Hawaiian charm. The interior is thoughtfully cared for, with tasteful finishes and furnishings that create a welcoming retreat. The owners have taken exceptional care to keep this unit in top condition, ensuring it is always ready to enjoy or share with vacation guests. As a successful Short-Term Vacation Rental (STVR), this condo already has a proven history of guest satisfaction, making it an ideal opportunity for those seeking both a personal getaway and an income-producing investment. Step outside your lanai and enjoy the lush tropical grounds of Kona Makai, featuring a sparkling oceanfront pool, spa, BBQ area, fitness room, and tennis courts—all just minutes from downtown Kona’s shops, dining, and beaches. Whether you’re looking for a primary residence, vacation home, or income property, Kona Makai 2-102 is an excellent choice. ✨ Highlights: • Ground floor location for easy access • Beautifully maintained and move-in ready • Resort-style amenities in an oceanfront complex The Kona Makai complex is a beautifully maintained & highly sought after Ocean Front Complex located on famous Alii Drive, This wonderful complex features and includes beautifully manicured tropical grounds, ocean front pool and spa, sunny lounge area, two work out rooms, eating area w/ gas BBQ’s, tennis courts, ping pong table, ample parking, and is gated during the night for security. Maintenance Fees include: Water, Landscaping, Resident Manager, Trash, Pool Service, Cable TV, & Internet! (500+mbps)

75-6026 Alii Dr Unit 2102, KAILUA KONA

Listing courtesy of Knutson & Associates.

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.