Punchbowl Homes with Leasehold Land tenure

Welcome to Punchbowl, a picturesque neighborhood nestled in the heart of Honolulu, Hawaii. Known for its stunning views and rich cultural heritage, Punchbowl offers a unique blend of urban convenience and serene natural beauty. The neighborhood is famously home to the Punchbowl Crater, a dormant volcano that provides a breathtaking backdrop and serves as the final resting place for many of Hawaii’s fallen soldiers at the National Memorial Cemetery of the Pacific. This serene setting is perfect for those who appreciate history and the tranquility of nature.

Living in Punchbowl means enjoying the vibrant lifestyle of Honolulu while being just minutes away from the bustling downtown area. Residents have easy access to a variety of amenities, including local shops, delicious dining options, and cultural attractions. With its close-knit community feel, Punchbowl is ideal for families, professionals, and retirees alike.

One of the unique aspects of this charming neighborhood is the availability of homes with leasehold land tenure. This means that while you can own the home itself, the land it sits on is leased from a landowner, typically for a long-term period. This arrangement can often make homes in Punchbowl more affordable, providing an excellent opportunity for first-time homebuyers or those looking to invest in the vibrant Honolulu real estate market.

Whether you’re drawn to the stunning views, the rich history, or the welcoming community, Punchbowl is a hidden gem that promises a fulfilling lifestyle in one of the most beautiful locations in Hawaii. Come explore all that Punchbowl has to offer!

Newest Punchbowl Homes with Leasehold Land tenure

$230,000

2 Beds ⋅ 2 Baths ⋅ 202613489 MLS ⋅ LH - Leasehold Tenure ⋅ Coronet BLDG.

Lowest-priced 2-bedroom, 2-bath opportunity in town! Welcome to The Coronet, a rarely available residence in the heart of Honolulu. This spacious home features 1,007 sq. ft. of interior living space plus a generous 109 sq. ft. lanai, elegant double-door entry, and expansive floor-to-ceiling windows that fill the home with natural light. Move-in ready, this residence offers a functional layout, in-unit washer and dryer, and a private storage unit conveniently located just outside the front door. Additional highlights include one assigned uncovered parking stall, secure building entry, an on-site resident manager, and only four units per floor for added privacy. Enjoy a prime central location with easy access to shopping, dining, medical facilities, bus lines, and freeway access. This leasehold property offers exceptional value with a very low lease rent of only $35.22 per month through March 31, 2029, with the lease expiring in 2044. An incredible value in urban Honolulu-must see to appreciate!

1314 Victoria Street Unit 803, Honolulu

Listing courtesy of Locations LLC.

$105,000

2 Beds ⋅ 1 Baths ⋅ 202611810 MLS ⋅ LH - Leasehold Tenure ⋅ Victoria Towers BLDG.

Affordable island living in the heart of Honolulu! This recently renovated leasehold 2-bedroom, 1-bath corner unit at Victoria Towers is located on the desirable 4th floor and offers exceptional value for owner-occupants and investors alike. Renovated in 2020, the unit features new tile and luxury vinyl flooring, updated kitchen cabinets and countertops, and a full suite of newer appliances, additional electrical outlets. The corner location provides abundant natural light and pleasant cross breezes throughout. Conveniently situated near shopping, dining, schools, public transportation, medical facilities, and downtown Honolulu, this centrally located residence puts everything you need within easy reach. Move-in ready and attractively priced at just $105,000, this is an excellent opportunity to own a renovated Honolulu condominium at an affordable price point. Leasehold property. All-cash purchase only. Sold As-Is.

1420 Victoria Street Unit 401, Honolulu

Listing courtesy of Pacific Management Group LLC.

$55,000

1 Baths ⋅ 202607673 MLS ⋅ LH - Leasehold Tenure ⋅ Makikilani Plaza BLDG.

3rd floor leasehold studio condo of 403 s.f. with 63 s.f. open lanai with city and small ocean views. One parking stall on same level as unit. Furnished with two single Murphy Beds and units comprised of book cases, shelving and some storage. Unit has a nice mirrored closet with shelves. Window a/c, stove, garbage disposal, washer/dryer, and bath has tub and shower. Building has two entrances, elevator, guest parking, resident manager on property and swimming pool. Parking is off Spencer Street behind the building. Unit is currently rented for $1550/month with lease expiring December 31, 2026. Property land lease expires July 31, 2029. Conveniently located near entrance to H-1 Freeway, market, restaurants, churches and schools.

1560 Thurston Avenue Unit 303, Honolulu

Listing courtesy of Avalon Realty LLC.

$238,000

2 Beds ⋅ 1 Baths ⋅ 202608787 MLS ⋅ LH - Leasehold Tenure ⋅ Victoria Mansions BLDG.

Turnkey investment opportunity! High-demand 2-bed, 1-bath fully furnished condo near downtown. Rented monthly on Airbnb for over $4000/month for the past 3 years with strong positive cash flow. This bright, renovated condo is located in a quiet Makiki neighborhood, but only minutes from downtown. The unit includes an updated kitchen and bath, new floors, a balcony, an in-unit washer/dryer, and parking. Last leasehold unit in the building, with an option to convert to fee simple.

1456 Thurston Avenue Unit A801, Honolulu

Listing courtesy of OahuRE.com.

$59,900

1 Baths ⋅ 202608626 MLS ⋅ LH - Leasehold Tenure ⋅ Makikilani Plaza BLDG.

Vibrant city views with partial ocean and Diamond Head vistas. Enjoy sunsets from your 7th floor lanai. Assigned covered PARKING. Amenities include a sparkling pool, Recreation Area with BBQ area, and a Resident Manager. Quick freeway on/off ramps nearby, plus convenient access to shopping, schools, churches, medical center. All the attractions of world-famous Waikiki and downtown Honolulu are moments away. This well-maintained home reflects pride of ownership and includes freshly painted interior, IN-UNIT WASHER/DRYER, fold-up wall bed, multi-use nook. Leasehold, lease expires 7/31/2029.

1560 Thurston Avenue Unit 704, Honolulu

Listing courtesy of 20 Degrees North Real Estate.

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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.