Kapaa Town Lots Homes with Leasehold Land tenure

Kapaa Town Lots Homes with Leasehold Land tenure

Welcome to Kapaa Town Lots, a charming neighborhood nestled on the stunning east coast of Kauai, Hawaii. Known for its lush landscapes, friendly community, and vibrant local culture, Kapaa offers a unique blend of island living and modern convenience.

As you stroll through the picturesque streets of Kapaa, you'll be captivated by the breathtaking views of the Pacific Ocean, swaying palm trees, and the majestic backdrop of the Ko’olau Mountains. This inviting town is home to a diverse mix of residents, from families to retirees, all drawn to the area’s laid-back lifestyle and warm Hawaiian hospitality.

Kapaa Town Lots is particularly appealing for those interested in homes with leasehold land tenure. This unique property arrangement allows buyers to purchase the home while leasing the land from a third party, often at a more affordable price point compared to fee-simple properties. This can be an excellent opportunity for first-time homebuyers or those looking to invest in a piece of paradise without the hefty price tag.

The neighborhood is also conveniently located near an array of amenities, including local shops, delicious dining options, and beautiful beaches. Whether you're in the mood for a leisurely bike ride along the scenic Ke Ala Hele Makalae path or a relaxing day soaking up the sun, Kapaa has something for everyone.

Embrace the enchanting lifestyle of Kapaa Town Lots, where the spirit of aloha meets the comforts of home. Your dream of living in paradise awaits!

Newest Kapaa Town Lots Homes with Leasehold Land tenure

$1,995,000
3 Beds ⋅ 3 Baths ⋅ 728017 MLS ⋅ ['Leasehold'] Tenure
This is a leasehold property. Ideal property for 1031 Exchange. Reliable rental income property. This is a unique property with panoramic ocean views, three vertical units, each rental unit comprises four floors. Each Unit has: The Ground floor is a 2-car enclosed garage. The 2nd Floor is the Kitchen/dining room, full bath, and lanai/bedroom or officeThe 3rd Floor is a large living room, bedroom, and loft, with a lanai that leads to the 4th floor deck The 4th Floor is a rooftop deck with 360 degree panoramic ocean and mountain views. There is virtually nothing that compares with the experience of seeing Kapaa in a way that very few will ever have. The covered lanai decking is sealed with Elastomeric Roof Coating. Total sq footage for all 3 units is 4,536.and is designated "live/work by the County of Kauai. The building is located in downtown Kapaa, two blocks from the ocean/beach park and the oceanfront bike/walking path. Restaurants, coffee shops, grocery stores, banks, and public transportation are within walking distance. Architectural drawings, for 6 additional rental units, will be prepared next month and submitted for permit approval in Dec. I would estimate the income to be $3,500. per unit x 6 = $21k a mo- Insurance, P Taxes thus the net, assuming no debt would be approx $18,500 mo + the existing building's Gross of $11,100 Mo, paying the approx $2,300 mo ground lease, P Taxes and Insurance, Existing Netting $8,500 Mo. + Estimated Total ,would be $27,000. Mo . See the attached rendering of the proposed 6 units. The ground lease extends to 2083 and is extendable.Existing Tri- Plex ( with 3 -2 car garages ) June 1, 26 will be ,per leases $12,550. mo Gross Proposed 2 -3 unit buildings over existing parking. 1 June, 27 Projection $24,000. Mo Gross.Proposed 9 unit gross rent is projected to be $36,550. MoThe property is lease Hold with known ground rent rates through 2084 ,lease is extendable then.The current monthly

4597 Lehua St Unit 3, KAPAA

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.