Papakolea Homes with Leasehold Land tenure

Welcome to Papakolea, a hidden gem nestled in the heart of Honolulu, Oahu. This vibrant neighborhood boasts a unique blend of rich cultural heritage and breathtaking natural beauty, making it an ideal place for those seeking a tranquil yet connected lifestyle.

Papakolea is renowned for its stunning views of the emerald green mountains and the sparkling blue waters of the Pacific Ocean. The area is characterized by its lush landscapes and vibrant flora, creating a serene environment that feels worlds away from the hustle and bustle of city life. The warm, welcoming community is a tapestry of diverse cultures, reflected in the local cuisine, festivals, and traditions that make this neighborhood truly special.

One of the distinctive features of Papakolea is its homes with leasehold land tenure. This unique arrangement allows residents to enjoy the beautiful surroundings and community spirit without the high costs often associated with freehold properties. Leasehold homes provide an affordable entry point into the Oahu real estate market, perfect for first-time homebuyers or those looking to invest in a slice of paradise.

Living in Papakolea means you’re just a stone's throw away from the vibrant energy of downtown Honolulu, where you can explore a plethora of shopping, dining, and entertainment options. Yet, you can retreat to your peaceful oasis at the end of the day, surrounded by the beauty of nature and the warmth of a close-knit community.

Discover the charm of Papakolea, where every day feels like a vacation in paradise!

Newest Papakolea Homes with Leasehold Land tenure

$450,000

3 Beds ⋅ 1 Baths ⋅ 202609822 MLS ⋅ LH - Leasehold Tenure

Papakolea Hawaiian Homeland leasehold property. TEAR DOWN. LOOKING FOR A CASH BUYER. Large upslope property with views of mountain, city and ocean. SHOWN BY APPOINTMENT ONLY. DO NOT ENTER PROPERTY WITHOUT LISTING AGENT PRESENT. Buyer must be atleast 50% Hawaiian and active on the Hawaiian Home Lands Wait List.

756 Iaukea Street, Honolulu

Listing courtesy of Hawaii Homes Connection Corp..

$420,000

3 Beds ⋅ 2 Baths ⋅ 202605567 MLS ⋅ LH - Leasehold Tenure

Rare opportunity with this exceptional legacy property, appearing on the market for the first time in generations, located in the highly sought-after Hawaiian Homestead community, Papakolea. Buyer must be at least 50% Native Hawaiian & on the DHHL waitlist. Sitting on a spacious 7,500 sqft corner perimeter lot at a dead-end road, offering privacy & tranquility. Imagine waking up to the gentle rustle of the adjacent lush forest & enjoying your morning coffee on one of two lanais framing panoramic views of Punchbowl, city's skyline, mountain, & gorgeous sunsets. Major upgrades include enhanced foundation with CMU columns & a new water heater. This home is a blank canvas ready for your personal touch & modern vision. From gardening to entertaining, you’ll love the versatility of the fenced front & back yards. Massive crawlspace for lots of storage, & convenience of private carport, driveway, & plenty of street space for parking. Located near the Papakolea Community Park & minutes from the heart of Honolulu. Cash offers are welcome, & property is sold in as-is condition. Don't miss your chance to plant roots in one of Honolulu's most historic & tight-knit neighborhoods at this value!

469 Kalamaku Street, Honolulu

Listing courtesy of Locations LLC.

$650,000

3 Beds ⋅ 3 Baths ⋅ 202505945 MLS ⋅ LH - Leasehold Tenure

Hawaiian Home Lands in Papakolea. Downslope lot, high ceilings, wrap around porch and spacious living. Lots of storage. Listor must be present. This is a leasehold property purchaser must be at least 50% Hawaiian.

2343 Tantalus Drive, Honolulu

Listing courtesy of Keller Williams Honolulu.

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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.