Salt Lake Homes with Leasehold Land tenure

Welcome to Salt Lake, a vibrant and inviting neighborhood in the heart of Honolulu, Hawaii! Nestled on the island of Oahu, Salt Lake is renowned for its lush landscapes, friendly community spirit, and convenient access to the best of island living. Whether you're a first-time homebuyer or looking to invest in a slice of paradise, this neighborhood has something for everyone.

One of the unique features of Salt Lake is its homes with leasehold land tenure. This means that while you own the home itself, the land it sits on is leased from a landowner, often making properties more affordable compared to fee-simple ownership. This option is particularly appealing for those looking to enjoy the benefits of living in Hawaii without the hefty price tag associated with traditional land ownership.

The neighborhood is ideally located near major thoroughfares, providing easy access to downtown Honolulu, the beautiful beaches of Waikiki, and the lush hiking trails of the Ko'olau Mountains. Residents enjoy a plethora of amenities, including shopping centers, schools, parks, and recreational facilities, all within a short distance.

Salt Lake is also known for its diverse community, where cultures blend seamlessly, creating a rich tapestry of local traditions and flavors. From delicious eateries to community events, there’s always something happening in this lively neighborhood.

Discover the charm of Salt Lake, where the beauty of island life meets the comfort of a close-knit community. Whether you’re looking to settle down or invest, Salt Lake is a gem waiting to be explored!

Newest Salt Lake Homes with Leasehold Land tenure

$185,000

1 Baths ⋅ 202613508 MLS ⋅ LH - Leasehold Tenure ⋅ Five Regents BLDG.

Welcome home to a newly renovated studio where comfort meets charm. This stunning space has been completely upgraded, making it the nicest unit in the building! Enjoy stainless steel appliances, including a full-size refrigerator, oven, and microwave, along with a stylish under-mount sink. The unit features a new water heater and updated plumbing throughout, enhanced by under-cabinet lighting and inviting living room illumination. The bathroom boasts a smoked glass sliding door and all-new fixtures, including a toilet, shower enclosure, oversized medicine cabinet, and glass shelving. You'll appreciate the remote-controlled ceiling lights, beautiful wood laminate floors, and a custom mobile kitchen countertop that provides easy plumbing access. This space is both attractive and practical. Recently repainted and ready for you to move in or rent out, $25,000 has been invested in this remodel, so you won't need to worry about a thing. Plus, with low lease fees until 2078, this is a unique opportunity to make this place your home or a perfect opportunity for investment. Enjoy a fulfilling lifestyle with essential amenities right at your fingertips!

2888 Ala Ilima Street Unit 1606, Honolulu

Listing courtesy of Engel & Volkers Honolulu.

$199,500

1 Beds ⋅ 1 Baths ⋅ 202609890 MLS ⋅ LH - Leasehold Tenure ⋅ Five Regents BLDG.

INCREDIBLE PRICE REDUCTION!!! Modern and renovated corner unit in Salt Lake. This stylishly chic and move-in ready updated and fully furnished 1-bed/1-bath leasehold condo at Five Regents offers bright, open living with tasteful modern touches. Features include vinyl plank flooring, a space-saving Murphy bed, quartz kitchen counters with open shelving, and a sleek bathroom with a rain shower, wood-look tile, and stone pebble flooring. Large corner windows provide great natural light. With 24-hour security, this unit is conveniently located near shopping, dining, and freeway access. A perfect urban retreat in central Honolulu!

2888 Ala Ilima Street Unit 611, Honolulu

Listing courtesy of Carvill Sotheby's Intl. Realty.

$210,000

1 Beds ⋅ 1 Baths ⋅ 202609394 MLS ⋅ LH - Leasehold Tenure ⋅ Five Regents BLDG.

OPEN HOUSE SUNDAY 6/14, 1:00-3:00PM and Saturday 6/13 3-5PM ! Affordable 1 bedroom / 1 bathroom / 1 parking stall unit located in the prime location of Salt Lake. Minutes away from Downtown Honolulu, Honolulu Airport, Pearl Harbor-Hickam AFB, Tripler Hospital, freeway entrances, Target, Salt Lake Shopping Center, and so much more. Ideal for a first-time buyer or investor seeking steady rent potential. Secure building with fob entry. Amenities include a swimming pool, sauna, BBQ, recreational area, tennis/basketball court, community laundry, and guest parking. Buyers and Buyers agent to do their own due diligence.

2888 Ala Ilima Street Unit 2705, Honolulu

Listing courtesy of Aloha Pacific Properties Inc.

$165,000

1 Baths ⋅ 202608503 MLS ⋅ LH - Leasehold Tenure ⋅ Five Regents BLDG.

Wake up to sweeping Salt Lake views from this beautifully renovated studio at Five Regents #1203, where modern comfort meets unbeatable convenience. This thoughtfully upgraded 300 sq ft residence features smooth ceilings, fresh interior paint, rich hardwood flooring, and a sleek modern kitchen, creating a bright, open feel that lives beyond its size. The interior has been efficiently designed to maximize comfort, flow, and everyday livability. Residents enjoy resort-style amenities including 24/7 security, ample guest parking, community laundry, pool, sauna, BBQ area, tennis court, and more, all within a fully insured building. Leasehold fee is $48 with a long lease secured through 2078. Ideally located in the heart of Salt Lake with quick freeway access and just minutes to Target and Salt Lake Shopping Center, this is a fantastic opportunity for first-time buyers or investors seeking a move-in ready unit with strong value and convenience.

2888 Ala Ilima Street Unit 1203, Honolulu

Listing courtesy of REMAX Hawaii.

$165,000

1 Baths ⋅ 202607017 MLS ⋅ LH - Leasehold Tenure ⋅ Five Regents BLDG.

PRICE IMPROVEMENT! Affordable, move-in ready studio unit in Salt Lake under $200k. An ideal find for a first-time home buyer or investor seeking steady rent potential in a prime location - minutes away from Downtown Honolulu, airport, Pearl Harbor-Hickham AFB, Tripler Hospital, freeways and Salt Lake Shopping Center. This is a leasehold property with a long-term master lease through 2078 and low monthly payments. Pet-friendly (buyer to verify), secure building with fob entry and 24-hr security patrol. Additional guest parking and first come, first serve bike/moped parking. Amenities include a swimming pool, sauna, BBQ, meeting/activity area, tennis/basketball court and community laundry. A few photos have been virtually staged (enhanced).

2888 Ala Ilima Street Unit 2006, Honolulu

Listing courtesy of Property Profiles, Inc..

$160,000

1 Baths ⋅ 202604801 MLS ⋅ LH - Leasehold Tenure ⋅ Five Regents BLDG.

Affordable, move-in ready studio with modern upgrades, ideal for first-time buyers or investors seeking strong rental potential. This well-maintained unit offers a rare long-term lease through 2078, providing excellent value and a low-cost entry into homeownership. Located on the cool breezy side of the building, the unit features: luxury vinyl plank flooring, sleek cabinetry, quartz countertops, popcorn ceiling removal, and window A/C for year-round comfort. Includes one full-size covered parking stall in a secure, well-managed building. Community amenities include a swimming pool, sauna, BBQ area, clubhouse, basketball court, and tennis courts. The Salt Lake neighborhood is centrally located near the airport, with freeway access in both directions. Salt Lake Shopping Center has groceries, dining, and everyday essentials nearby.

2888 Ala Ilima Street Unit 512, Honolulu

Listing courtesy of Keller Williams Honolulu.

$168,000

1 Baths ⋅ 202603404 MLS ⋅ LH - Leasehold Tenure ⋅ Five Regents BLDG.

Long leasehold through 2078 with a fixed lease rent of just $48/month through the year 2078. Excellent opportunity for a first-time buyer, investor, or convenient Oahu retreat at an affordable price point. This comfortable and well-maintained studio is located on the 16th floor of the popular Five Regents and offers mountain and city views from a large picture window. The kitchen and bathroom have been updated. Five regents feature a wide range of amenities, including a swimming pool, tennis court, BBQ area, recreation and meeting rooms, community laundry, resident manager, ample guest parking, and 24-hour security. Centrally located in Salt Lake with easy access to Tripler Army Medical Center, Pearl Harbor, the airport, Downtown Honolulu and Salt Lake Shopping Center. The current tenant's lease runs through July 2026, and the tenant would like to stay. Current rent is $1,650/month.

2888 Ala Ilima Street Unit 1607, Honolulu

Listing courtesy of Coldwell Banker Realty.

$165,000

1 Baths ⋅ 202600356 MLS ⋅ LH - Leasehold Tenure ⋅ Five Regents BLDG.

Cozy, clean, and homey studio condo with assigned covered parking stall in Salt Lake neighborhood. Beautiful, and sophisticated engineered wood floors. Centrally located, close to shopping, dining, the airport, and freeway. Low maintenance fees that include your community pool, tennis court, bbq's, sauna, and secure building. Great for anyone looking for an affordable place to call home, or to grow their rental investment portfolio. This leasehold property continues through 2078 allowing you financing freedoms at a great value. Pet friendly building!

2888 Ala Ilima Street Unit 706, Honolulu

Listing courtesy of Royal Realty LLC.

$148,000

1 Baths ⋅ 202524822 MLS ⋅ LH - Leasehold Tenure ⋅ Five Regents BLDG.

Why pay rent when you can own your own unit at such an affordable price? Well-maintained unit with new paint. Excellent starter unit with assigned parking. Conveniently located near the freeway, Safeway, and Salt Lake Shopping Center. Enjoy low monthly lease rent with a long master lease through 2078. This unit is priced to sell, sold As-Is.

2888 Ala Ilima Street Unit 1512, Honolulu

Listing courtesy of HI Choice 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.