Waikiki Homes with Fee Simple Land tenure

Waikiki Homes with Fee Simple Land tenure

Welcome to Waikiki, a vibrant jewel nestled in the heart of Honolulu, Oahu. Renowned for its stunning beaches, iconic surf culture, and rich Hawaiian heritage, Waikiki is not just a destination; it’s a lifestyle. Imagine waking up to the sound of gentle waves and the scent of fresh ocean air, all while being surrounded by a dynamic blend of urban amenities and natural beauty.

Waikiki boasts a diverse array of homes, including those with Fee Simple land tenure, a rare find in Hawaii's real estate landscape. Fee Simple ownership means you own both the home and the land it sits on, providing you with full control and flexibility over your property. This is particularly appealing in a market where leasehold properties are common, making Fee Simple homes a coveted investment.

The neighborhood itself is a lively tapestry of culture, offering everything from world-class dining and shopping to art galleries and vibrant nightlife. Stroll along the famous Waikiki Beach, where you can soak up the sun or catch some waves, or take a leisurely walk to the nearby Diamond Head State Monument for breathtaking views of the island.

Families, retirees, and young professionals alike find their niche here, thanks to the welcoming community and a plethora of recreational activities. With a rich history and a bright future, Waikiki embodies the spirit of aloha, making it not just a place to live, but a place to thrive. Whether you’re looking for a cozy condo or a luxurious beachfront property, Waikiki offers a unique blend of paradise and practicality that’s hard to resist. Come discover your dream home in this enchanting Hawaiian oasis!

Newest Waikiki Homes with Fee Simple Land tenure

$419,000
1 Baths ⋅ 202614653 MLS ⋅ FS - Fee Simple Tenure ⋅ Island Colony BLDG.
Experience elevated island living and exceptional investment potential at this beautifully renovated studio in Island Colony, a LEGAL short-term rental in the heart of Waikiki. A full renovation completed in December 2024, this turnkey residence showcases contemporary, tasteful finishes and an oversized private lanai—perfect for relaxing and enjoying the tropical island breeze. Operating as a brand-new vacation rental, this exceptional unit has consistently ranked in the top 1% of listings on its rental platform, making it a premier income-producing opportunity. Island Colony offers an impressive collection of resort-style amenities, including a swimming pool, sauna, fitness center, BBQ area, community laundry, a convenience store, and 24-hour security. Ideally located just moments from world-famous Waikiki beach. Contact the listing agent today to schedule a showing!

445 Seaside Avenue Unit 2904, Honolulu

Listing courtesy of Fortune Hawaii Realty LLC.

$385,000
2 Beds ⋅ 1 Baths ⋅ 202614431 MLS ⋅ FS - Fee Simple Tenure ⋅ 222 Kaiulani Apts BLDG.
Experience convenient Waikiki living at 222 Kaiulani, a boutique low-rise condominium ideally located near world-famous beaches, shopping, dining, and entertainment. International Market Place, Target, Kuhio Avenue, and the Kalakaua Avenue corridor are all nearby, while Waikiki and Kuhio beaches are just a few blocks away. Enjoy easy access to restaurants, cafés, public transportation, and everyday conveniences from this centrally located residence. Seller is offering a credit of up to $15,000 toward an interest-rate buydown and/or buyer closing costs, subject to lender approval and the terms of an acceptable offer.

222 Kaiulani Avenue Unit 502, Honolulu

Listing courtesy of List Sotheby's Int'l Realty.

$630,000
1 Beds ⋅ 1 Baths ⋅ 202614452 MLS ⋅ FS - Fee Simple Tenure ⋅ Waikiki Sunset BLDG.
Turnkey Airbnb opportunity! This high-floor, mountain-view suite comes fully furnished with parking, a valid NUC, and legal short-term rental use, making it an exceptional option for both vacation homeowners and investors. The thoughtfully designed interior features a modern, comfortable style, creating an inviting island retreat just minutes from Waikiki Beach, Kapiolani Park, the Waikiki Aquarium, Honolulu Zoo, Diamond Head, shopping, dining, and convenient bus lines. Prefer to stay on the property? Enjoy resort-style amenities, including a swimming pool, fitness center, BBQ area, recreation space, hospitality lounge, conference room, mini-mart, and 24-hour security. Maintenance fees include electricity, central air conditioning, water, sewer, hot water, and basic cable. Please note that a special assessment of $263.58 per month for the fan coil project runs from January 2025 through December 2028. Don’t miss this exceptional opportunity to own a piece of paradise in Waikiki—ideal as a personal vacation retreat or income-producing investment property.

229 Paoakalani Avenue Unit 2203 (NUC), Honolulu

Listing courtesy of Hawaii Home Properties LLC.

$960,000
2 Beds ⋅ 2 Baths ⋅ 202614316 MLS ⋅ FS - Fee Simple Tenure ⋅ The Watermark BLDG.
Experience luxury living in this exceptional two bedroom residence at The Watermark in Waikiki. Offered fully furnished and move in ready, perfect for immediate enjoyment! Upgrades include a brand new water heater installed July 2026. The spacious kitchen, including Viking appliances and granite countertops, flows into the open living area and lanai, creating an ideal space for indoor/outdoor living. Sip your morning coffee or unwind in the evening while taking in the stunning marina/ocean views from your lanai. Enjoy resort style amenities including a beautiful pool, fitness center, sauna, BBQ pavilions, walking path, and 24 hour security, all surrounded by lush tropical landscaping. Ideally located moments from Ala Moana shopping center, restaurants, beaches, and entertainment. Includes two gated garage parking stalls and guest parking available for the building.

1551 Ala Wai Boulevard Unit 1003, Honolulu

Listing courtesy of Compass.

$409,000
1 Beds ⋅ 1 Baths ⋅ 202614600 MLS ⋅ FS - Fee Simple Tenure ⋅ Kalakauan BLDG.
Own the rarest combination in Waikiki: a fully renovated, LEGAL short-term vacation rental and the ONLY in the building with its own deeded, secure covered parking stall. Just steps from the gateway to Waikiki, this turnkey one-bedroom, one-bath has been reimagined top to bottom- clean, bright, and move-in modern. Step onto your private lanai and take in the energy of Waikiki, then walk to world-famous beaches, top restaurants, and shopping just outside your door. Whether you're looking for a proven income producer or a stylish island retreat to call your own, this is the one buyers keep asking for and rarely find. Legal nightly rentals, covered parking, and a prime location- a genuine must-see that's easy to show. First Open House Sunday, August 2nd, 2-5pm

1911 Kalakaua Avenue Unit 503, Honolulu

Listing courtesy of Keller Williams Honolulu.

$2,550,000
2 Beds ⋅ 2 Baths ⋅ 202614581 MLS ⋅ FS - Fee Simple Tenure ⋅ Ilikai Apt Bldg BLDG.
Rare Penthouse Opportunity at the Iconic Ilikai! This fully remodeled 2BR/2BA residence is legally zoned for Short-Term Rentals, offering incredible investment potential. Enjoy premium finishes, Central AC, and the rare convenience of an in-unit washer/dryer. Located at the gateway to Waikiki, you’re steps from top surfing beaches, Ala Moana Center, and the Convention Center. Luxury building amenities include two pools, high-end dining, coffee, poke, and a mini-mart. Sold turnkey and ready to perform. Experience the best of Honolulu from the top floor!

1777 Ala Moana Boulevard Unit 2608, Honolulu

Listing courtesy of Five Star Realty, Inc..

$820,000
1 Beds ⋅ 1 Baths ⋅ 202613643 MLS ⋅ FS - Fee Simple Tenure ⋅ Waikiki Banyan BLDG.

201 Ohua Avenue Unit 1610, Honolulu

Listing courtesy of Five Star Realty, Inc..

$239,000
1 Beds ⋅ 1 Baths ⋅ 202614515 MLS ⋅ FS - Fee Simple Tenure ⋅ Hawaiian Crown BLDG.
Experience the best of Waikiki living in this beautifully renovated first-floor, fee simple 1-bedroom, 1-bath residence at the Hawaiian Crown. Ideally located just one block from Waikiki's world-famous beaches, you'll enjoy easy access to surfing, exceptional shopping, acclaimed restaurants, and countless island attractions right outside your door. This secure-entry building offers a variety of desirable amenities, including an on-site resident manager, heated swimming pool, spacious lanai, surfboard storage, private storage locker, complimentary moped parking, and the convenience of a neighborhood market located on the ground floor along Liliuokalani Avenue. Parking spots available 1 block away for $180/month. Maintenance fees include water, sewer, trash service, premium cable, and internet, providing added value and convenience. Whether you're looking for a full-time residence, a vacation retreat, or a smart investment opportunity, this move-in-ready condo combines comfort, practicality, and an outstanding location at an exceptional value in the heart of Waikiki.

236 Liliuokalani Avenue Unit 102, Honolulu

Listing courtesy of Real Broker.

$540,000
1 Baths ⋅ 202614205 MLS ⋅ FS - Fee Simple Tenure ⋅ The Ritz-Carlton Residences Twr 2 - 383 Kalaimoku BLDG.
One of the most competitively priced studio residences in Ritz-Carlton Residences Waikiki Beach Tower 2! Don't miss this wonderful opportunity to own a luxury Five-Star resort residence in the heart of Waikiki. Enjoy world-class amenities, including two infinity pools, poolside cabanas, a fitness center, spa, and exceptional dining, including the renowned Sushi Sho, all complemented by legendary Ritz-Carlton service. This spacious studio features a large lanai with beautiful ocean and sunset views. Just moments from Waikiki's white sand beaches, luxury shopping, fine dining, and vibrant entertainment. Ideal as a vacation retreat, investment property, or full-time residence. Experience the ultimate in resort living!

2139 Kuhio Avenue Unit 1107, Honolulu

Listing courtesy of List Sotheby's Int'l Realty.

$650,000
1 Beds ⋅ 1 Baths ⋅ 202613988 MLS ⋅ FS - Fee Simple Tenure ⋅ Ilikai Marina BLDG.
LEGAL SHORT-TERM VACATION RENTAL at the iconic Ilikai Marina! This beautifully maintained 1-bedroom, 1-bath residence offers the perfect blend of island living and investment potential in one of Waikiki’s most desirable waterfront locations. Enjoy an open, light-filled floor plan, a full kitchen, and a spacious lanai where you can relax with refreshing trade winds and captivating marina, ocean, sunset, and city views. Located just steps from the world-famous Hilton Hawaiian Village, Waikiki Beach, Ala Moana Beach Park, Ala Moana Center, Magic Island, fine dining, shopping, and endless entertainment. Whether you’re looking for a vacation home, an income-producing property, or your own slice of paradise, this unit offers exceptional flexibility and value. Ilikai Marina is one of the few buildings in Waikiki that allows legal short-term vacation rentals, making this an outstanding opportunity for investors and second-home buyers alike. Don’t miss your chance to own a piece of paradise in one of Honolulu’s most sought-after locations!

1765 Ala Moana Boulevard Unit 388, Honolulu

Listing courtesy of Locations LLC.

$1,900,000
1 Beds ⋅ 2 Baths ⋅ 202614308 MLS ⋅ FS - Fee Simple Tenure ⋅ Pacific Monarch BLDG.
Rare opportunity to own two side-by-side legal short-term rental units at Pacific Monarch in the heart of Waikiki! Units 3101 and 3102 offer an of island living, flexibility, and investment potential, all just moments from Waikiki Beach, shopping, dining, and entertainment. Both units are legal fee-simple short-term rentals, providing the opportunity for rental income, personal enjoyment, or a combination of both. Unit 3101 is a beautifully remodeled studio featuring modern finishes, abundant natural light, refreshing cross breezes, and panoramic views of Diamond Head and the Pacific Ocean. Adjacent Unit 3102 is a spacious 1-bedroom residence offered turn-key and furnished, providing comfortable separation of living and sleeping areas and flexibility for immediate rental use or personal enjoyment. Together, these neighboring units offer a rare opportunity for investors, multi-generational use, or buyers seeking additional space while maintaining two separate units. Buyers may also explore the potential to connect the units, subject to building and applicable approvals.

2427 Kuhio Avenue Unit 3101 & 3102, Honolulu

Listing courtesy of Five Star Realty, Inc..

$1,970,000
2 Beds ⋅ 2 Baths ⋅ 202614093 MLS ⋅ FS - Fee Simple Tenure ⋅ The Ritz-Carlton Residences - 383 Kalaimoku BLDG.

383 Kalaimoku Street Unit 3008, Honolulu

Listing courtesy of Shimizu Gateways 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.