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

$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.

$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.

$322,500

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

This is a leasehold property. The fee simple interest may be available soon. 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.

$340,000

1 Beds ⋅ 1 Baths ⋅ 729223 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Makai BLDG.

This is a leasehold property. Check out the virtual tour today! Welcome to the lovely oceanfront complex at Kona Makai! This is an adorable one bedroom, one bathroom unit with DOUBLE lanais and an upstairs loft for additional space! Enjoy the lovely ocean breeze when you open your sliding glass doors to your covered back lanai, with peekaboo ocean horizon views. Spacious bedroom with an additional covered lanai; step outside to enjoy your morning coffee or tea, or simply unwind in the evening. Upstairs loft is currently set up as a bedroom / office space, with two additional storage spaces. This unit has not been used as a short term vacation rental, so no additional wear & tear, but can easily be permitted as one if desired! Kona Makai is a wonderful complex with plenty of amenities to enjoy, which include the private pool, "beach" seating area by the ocean, barbecue area and tennis courts. Parking is both covered and uncovered; your unit is located closest to the covered parking! Kona Makai is located just minutes from Historic Kailua Kona Village where you can enjoy oceanside dining, shopping, and all sorts of water activities including relaxing on the beach or outrigger canoe paddling! Go on the famous manta ray dives, Body Glove Tours, UFO Parasailing, and so much more! Don't miss out the chance to see this unit today!

75-6026 Alii Dr Unit 3304, KAILUA KONA

Listing courtesy of COMPASS.

$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.

$250,000

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

This is a leasehold property. Kona Makai 2-102 – Ground Floor Gem with Good STVR History 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.

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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.