Waianae Homes with Leasehold Land tenure

Welcome to Waianae, a hidden gem nestled on the western coast of Oahu, Hawaii. Known for its stunning natural beauty and laid-back atmosphere, this vibrant neighborhood offers a unique blend of island charm and community spirit. With its breathtaking views of the Waianae Mountains and pristine beaches, residents enjoy a picturesque setting that feels like paradise every day.

Waianae is more than just a beautiful locale; it boasts a rich cultural heritage and a welcoming community. The area is home to a diverse population, where local traditions are celebrated through various festivals and events. The warm, friendly atmosphere makes it an ideal place for families, retirees, and anyone looking to embrace the Aloha spirit.

One of the distinctive features of Waianae is the availability of homes with leasehold land tenure. This means that while you can own the home itself, the land is leased from a landowner, typically for a long-term period. Leasehold properties can offer a more affordable entry point into the Hawaiian real estate market, making it easier for buyers to find their dream home in this beautiful region. With a variety of options ranging from cozy beach cottages to modern family homes, there’s something for everyone.

Outdoor enthusiasts will appreciate the abundance of recreational activities available in Waianae, from hiking the scenic trails of the nearby mountains to surfing the waves at Makaha Beach. With a community that values both nature and culture, Waianae is not just a place to live; it’s a lifestyle waiting to be embraced. Discover your slice of paradise in Waianae today!

Newest Waianae Homes with Leasehold Land tenure

$100,200

3 Beds ⋅ 1 Baths ⋅ 202614112 MLS ⋅ LH - Leasehold Tenure

LEASEHOLD PROPERTY. 3-bedroom, 1 bath, 952 square foot single family residence on 3,720 square foot lot in Wai’anae. Home is in walking distance to Wai’anae Boat Harbor, public library, Wai’anae Mall, Planet Fitness, Puukamailenu hike and Pokai Bay Beach Park. This is a leasehold property with the lease expiring June 2030. Make it your own. Jump on this great deal before its gone! All buyers are responsible to confirm City, County, Zoning, Tax, and other records to their satisfaction before bidding. No inspection contingencies in contract. Absolutely no repairs before closing. This property is sold As-Is. This is a REO auction property. Employees or directors of JPMorgan Chase & Co. and its direct and indirect subsidiaries are strictly prohibited from directly or indirectly purchasing any property owned or serviced by or on behalf of JPMorgan Chase & Co. or its direct and indirect subsidiaries.

85-153 Ala Walua Street Unit D, Waianae

Listing courtesy of REALHome Services & Solutions.

$520,000

4 Beds ⋅ 2 Baths ⋅ 202611336 MLS ⋅ LH - Leasehold Tenure

NO SHOWINGS until after the open house on Sunday, June 14th, from 1 to 4 p.m. Aloha and welcome home to the Waianae Coast! Framed by mountain views, this 4-bedroom, 2-bath Hawaiian Home Lands (DHHL) home saves its best surprise for the front door: soaring vaulted ceilings over a bright, open living space with a new kitchen, new flooring, and fresh interior paint. Move-in ready! Start your mornings on the covered lanai, give kids and pets the run of the fully fenced, well-maintained yard, and settle into the relaxed Leeward lifestyle. 1,156 sq ft of living space on a 7,526 sq ft lot. A rare opportunity to own a piece of paradise at an affordable price. Please note: This is a DHHL leasehold property. Buyer must be Native Hawaiian with at least 50% Hawaiian ancestry, an eligible DHHL beneficiary & on the wait list. All transfers subject to DHHL approval. Important Disclosure: Bathroom count does not match tax records. Property has 3 full baths; the third is attached to an unpermitted bedroom converted from the utility shed. Buyers to verify all information and do their own due diligence regarding permits. All offers must be in by the offer deadline of Thursday, June 18th at 8pm.

85-1290 Kumaipo Street, Waianae

Listing courtesy of eXp Realty.

$170,000

4 Beds ⋅ 2 Baths ⋅ 202611075 MLS ⋅ LH - Leasehold Tenure ⋅ Ulu Wehi BLDG.

Great First-Time Homebuyer Opportunity! Become a homeowner today! This beautifully maintained LEASEHOLD property is priced well below market value—an incredible opportunity you don’t want to miss. Featuring the desirable single-level layout with carport, 4 bedrooms, and 1.5 bathrooms, this home offers comfortable and spacious living at an affordable price point. With the option to extend the current lease through 2055, and eligibility for Conventional, VA, FHA, and USDA financing, this home provides flexibility for a wide range of buyers. Recently renovated in 2023, it’s move-in ready—no need to leave the island to find value like this! Conveniently located near schools, shopping, dining, and just minutes from stunning Westside beaches, this home combines lifestyle and value. Schedule a showing today!

85-260 Ala Hema Street Unit D, Waianae

Listing courtesy of Foster Realty, Inc..

$170,000

4 Beds ⋅ 2 Baths ⋅ 202611078 MLS ⋅ LH - Leasehold Tenure ⋅ Ulu Wehi BLDG.

85-260 Ala Hema Street Unit D, Waianae

Listing courtesy of Foster Realty, Inc..

$129,950

4 Beds ⋅ 2 Baths ⋅ 202608147 MLS ⋅ LH - Leasehold Tenure ⋅ Ulu Wehi BLDG.

Single level with covered parking! Unlock the potential of this leasehold opportunity - with the option to extend the lease through 2055 when financed with a mortgage. This spacious unit has a generous living area, ideal for everyday living, with a functional layout for a variety of living needs. The low-maintenance outdoor spaces offer privacy and space for outdoor enjoyment. This property is a great opportunity for owner-occupants and investors, and it is ideal for adding value through updates and improvements. Ideally situated near schools, shopping, and some of the area's most beautiful beaches, you'll enjoy easy access to ocean activities and the relaxed island lifestyle. A rare chance to secure a home at an attractive entry point and make it your own!

85-105 Ala Akau Street Unit J, Waianae

Listing courtesy of Foster Realty, Inc..

$225,000

3 Beds ⋅ 2 Baths ⋅ 202606047 MLS ⋅ LH - Leasehold Tenure ⋅ Ulu Wehi BLDG.

Move right into this freshly updated, budget-friendly 3-bedroom, 1.5-bath townhouse—an exciting first step into homeownership! With brand new flooring throughout and fresh paint from top to bottom, you’ll enjoy a clean, modern feel from day one. Step outside to a fully fenced backyard—ideal for weekend BBQs, pets, play, and easy outdoor entertaining. It’s a smart, accessible purchase for first-time buyers, with room to grow and long-term potential. Lease rent is currently $74.16/month through 2029. The lease may be extended to 2055; if extended, monthly lease rent will be approximately $830.00/month-offering a clear path to longer-term stability. Eligible for multiple financing options, including FHA Spot loans and Conventional financing. See supplements for a copy of the Extended Lease Approval dated 2/26/26 and Special Assessment $127.00/Month until November 2026.

85-114 Ala Walua Street Unit B, Waianae

Listing courtesy of West Beach Realty, Inc..

$109,950

3 Beds ⋅ 2 Baths ⋅ 202607654 MLS ⋅ LH - Leasehold Tenure ⋅ Ulu Wehi BLDG.

Unlock the potential of this leasehold opportunity with the option to extend the lease through 2055 when financed with a mortgage. This spacious two-story unit features a generous living area on the main level, complete with a convenient half bath - perfect for everyday living and entertaining. Upstairs, you'll find three comfortable bedrooms and a full bath, providing a functional layout for a variety of living needs. The low-maintenance outdoor spaces offer privacy and space for outdoor enjoyment. An incredible opportunity for both owner-occupants and investors alike, this property is ideal for those looking to add value with updates and improvements. Ideally situated near schools, shopping, and some of the area's most beautiful beaches, you'll enjoy easy access to ocean activities and the relaxed island lifestyle. A rare chance to secure a home at an attractive entry point. Ideal for buyers ready to make it their own.

85-128 Ala Walua Street Unit B, Waianae

Listing courtesy of Foster Realty, Inc..

$219,000

3 Beds ⋅ 1 Baths ⋅ 202606060 MLS ⋅ LH - Leasehold Tenure ⋅ Ulu Wehi BLDG.

Welcome home to an affordable 3-bedroom/1 bath duplex that’s perfect for first-time buyers. Enjoy easy single-level living, a spacious 3,193 sq. ft. lot, a 2-car carport, and a fully fenced backyard—ideal for pets, play, or hosting friends. The lease rent is just $70.16/month, with a scheduled increase to $91.25/month from July 1, 2027 through June 30, 2031. For added long-term value, the lease may be extended to 2055 (See Supplements for Extended Lease Terms and Special Assessment $127.00/month to November 2026). Eligible for multiple financing options, including FHA Spot loans and Conventional loans. Tenant is on a Month-to-Month Lease, 2 days notice is required for all showings.

85-209 Ala Akau Street Unit G, Waianae

Listing courtesy of West Beach Realty, Inc..

$225,000

4 Beds ⋅ 1 Baths ⋅ 202604734 MLS ⋅ LH - Leasehold Tenure ⋅ Ulu Wehi BLDG.

This leasehold single-level home shows as a 5-bedroom and offers a lot of flexibility for different living situations. The layout gives you extra room to spread out, whether you need more bedrooms, space for guests, or a work-from-home setup. The fenced yard is great for pets, and the oversized carport and extra storage make day-to-day living a little easier. It is move-in ready, with the chance to make updates over time and really make it your own. Located in a welcoming community, this is a great opportunity for someone looking for space, function, and value. Renting? This is a great option to own your own space with a long lease until 2055!

85-135 Ala Akau Street Unit H, Waianae

Listing courtesy of Engel & Volkers Honolulu.

$178,900

3 Beds ⋅ 2 Baths ⋅ 202528454 MLS ⋅ LH - Leasehold Tenure ⋅ Ulu Wehi BLDG.

Step into an affordable first home that delivers comfort, ease, and a great start to your homeownership journey. This newly remodeled two story townhome provides a comfortable layout, a fully fenced backyard and two dedicated parking stalls! Freshly painted with brand new flooring and stainless steel appliances! Enjoy financial peace of mind with the option to extend the lease for mortgage purposes to 2055. Current monthly Lease rent is $82.25 until April 9,2030. Whether you're starting a family or looking to invest in your future, this is the smart choice for those seeking value and a place to call home! See Supplements for Lease Extension Terms and Special Assessment $127/Month to November 2026.

85-152 Ala Walua Street Unit B, Waianae

Listing courtesy of West Beach Realty, Inc..

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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.