Kealakekua Homes with Fee Simple Land tenure

Welcome to the enchanting neighborhood of Kealakekua, nestled on the picturesque Big Island of Hawaii. This charming community is not just a place to live; it’s a lifestyle that embraces the beauty of nature and the warmth of Hawaiian culture. Kealakekua is renowned for its stunning landscapes, including lush greenery, dramatic ocean views, and historic sites that tell the story of the islands’ rich heritage.

One of the highlights of living in Kealakekua is the access to outdoor adventures. From snorkeling in the crystal-clear waters of Kealakekua Bay to hiking through the verdant trails of nearby parks, residents can immerse themselves in the natural wonders that surround them. The bay is also home to the famous Captain Cook Monument, a must-visit for history buffs and adventure seekers alike.

In this idyllic neighborhood, you'll find a range of homes with Fee Simple land tenure, providing peace of mind and ownership that is truly yours. This type of land ownership allows residents to enjoy their property without the complexities of leasehold agreements, making it an attractive option for both first-time buyers and seasoned investors. With a variety of architectural styles and price ranges, there’s something for everyone in Kealakekua.

Community spirit thrives here, with local farmers’ markets, art galleries, and cultural events that bring neighbors together. Whether you’re looking for a tranquil retreat or an active lifestyle, Kealakekua offers the perfect blend of serenity and adventure. Come explore this hidden gem and discover why so many choose to call Kealakekua home!

Newest Kealakekua Homes with Fee Simple Land tenure

$4,750,000

202601722 MLS ⋅ FS - Fee Simple Tenure ⋅ N/A BLDG.

Rare opportunity to buy the Manago Hotel, a fee simple, 64-room unbranded historic hotel with additional commercial space, a home, long-term residential rentals, and Hawaii's oldest restaurant which was the winner of a 2023 James Beard Award. The hotel offers a glimpse into "Old Hawaii," a charm treasured by locals and visitors alike. This property has been established, owned, and operated continuously by the Manago family for over 100 years. The Manago Hotel Restaurant is Hawaii’s oldest restaurant, dating back to 1917. The property is an incredible value-add investment with tremendous upside potential. The current below-market room and commercial rents offer immediate upside, while undeveloped land provides space for desirable new amenities such as a swimming pool or grand lawn. The addition of enhanced food and beverage services and the transformation of an existing bar into a 1920s-themed speakeasy, as well as a modern reservation system, could further increase value. Moreover, the hotel includes additional rooms currently not in use that could be converted into long-term rentals. NOI is proforma. Offering includes two parcels - TMKs:3-8-2-15-19 & 22.

82-6151 Mamalahoa Highway, Captain Cook

Listing courtesy of Standard Management LLC.

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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.