South Hilo Homes with Leasehold Land tenure

Welcome to South Hilo, a hidden gem on the Big Island of Hawaii, where lush landscapes meet the vibrant culture of island life. Nestled along the eastern coastline, South Hilo boasts stunning ocean views, cascading waterfalls, and the lush greenery that Hawaii is renowned for. With its warm tropical climate, residents enjoy year-round sunshine, making it an ideal location for outdoor enthusiasts and those seeking a laid-back lifestyle.

One of the unique aspects of South Hilo real estate is the availability of homes with leasehold land tenure. This means that while you own the home, the land it sits on is leased from a landowner, often for long periods, typically ranging from 30 to 99 years. This arrangement can present an affordable entry point into the housing market for many buyers, allowing them to enjoy the beauty of South Hilo without the higher costs associated with fee-simple properties.

The community is rich in history and culture, with local farmers' markets, art galleries, and traditional Hawaiian festivals that bring residents together. Families will appreciate the excellent schools and recreational activities available, from hiking in the nearby rainforest to swimming in the pristine waters of Hilo Bay.

Whether you're looking for a charming cottage close to the heart of town or a modern home with breathtaking views, South Hilo offers a diverse array of properties to suit your needs. Embrace the spirit of Aloha and make South Hilo your new home—where stunning natural beauty and a welcoming community await you!

Newest South Hilo Homes with Leasehold Land tenure

$250,000

2 Baths ⋅ 731795 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Unique and spacious location overlooking Kalakaua Park in downtown Hilo. This space has been home to a successful restaurant for many years and now it's ready for your dream of running your own restaurant to come true. Space comes fully furnished along with full kitchen set up and equipment.

110 Kalakaua St, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$160,000

2 Beds ⋅ 1 Baths ⋅ 731309 MLS ⋅ ['Leasehold'] Tenure ⋅ Hilo Terrace BLDG.

This is a leasehold property. Welcome to this gorgeous two-bedroom, one-bathroom condo in the desirable Hilo Terrace community, offering the perfect mix of island charm and city convenience. The living room glows with gorgeous natural light, leading into a super cute kitchen layout complete with hardwood cabinets, a fridge and a stove, and plenty of room to whip up your favorite meals. Enjoy spacious bedrooms with large closets and windows that open. There are an additional two closets in the condo to help handle all your storage goals. Location perks abound as you are situated directly across the street from local schools and just minutes from the bustling shops and eateries of downtown Hilo. Combining comfort with practicality, the property also features a pool, on-site trash disposal, municipal water, available mail service and a laundry facility. Fully furnished and move-in ready. Furniture can be purchased for an additional fee. HOA fees are about $750, which includes: HOA fees, reserve fee, gas, water, trash, and leasehold fee. Electrical is additional but billed through the monthly HOA statement Leasehold: This is a leasehold, meaning there is a $100/month leasehold fee to cover the lease fee, which can be purchased for an additional $55,000 +/-

485 Waianuenue Ave Unit 122, HILO

Listing courtesy of Bizwala.

$350,000

3 Beds ⋅ 3 Baths ⋅ 727502 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property.

101 Kilua Rd, HILO

Listing courtesy of Keller Williams Honolulu.

$350,000

3 Beds ⋅ 3 Baths ⋅ 202528229 MLS ⋅ LH - Leasehold Tenure

Hawaiian Home Lands in Kaumana (Hilo). This is a leasehold property purchaser must be at least 50% Hawaiian.

101 Kilua Road, Hilo

Listing courtesy of Keller Williams Honolulu.

$425,000

3 Beds ⋅ 2 Baths ⋅ 725574 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Keaukaha Hawaiian Homes-Renovated 5 bedroom, 2 baths, large 21,155 sq. ft.lot. Near Keaukaha Beach Park/ Puhi Bay in Hilo. Purchaser must be at least 50% Hawaiian.

203 Todd Ave, HILO

Listing courtesy of Keller Williams Honolulu.

$200,000

3 Beds ⋅ 2 Baths ⋅ 723322 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Buyer must be on the Hawaiian Homes List with the Department of Hawaiian Homelands to purchase. Located in the heart of Keaukaha, this Leasehold Hawaiian Homestead property is truly a hidden gem. Known for its strong sense of community and close proximity to the ocean, Keaukaha is one of Hilo’s most special and sought-after neighborhoods. Just minutes from the beach and only 15 minutes to downtown Hilo, the location offers the best of island living. This 3-bedroom, 2-bathroom home offers a generous layout with plenty of room to grow. While the condition is below average and will require renovation, it's a great opportunity for someone looking to restore or reimagine a property in a prime location.

236 Lyman Ave, HILO

Listing courtesy of Coldwell Banker Realty.

$220,000

1 Baths ⋅ 720935 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Orchid Land Surfboards, a beloved fixture in the Big Island surf community for 53 years. Now, for the first time in its history, this beloved institution is being offered for sale. This well-established and locally loved retail business offers a prime bayfront location with high visibility, strong foot traffic, and easy access to parking and neighboring shops. The shop is well-positioned to capture tourist sales with minimal extra investment. The vibrant storefront features a curated selection of surfboards, boogie boards, beachwear, swimwear, accessories, and locally made goods, attracting both residents and visitors who appreciate Hawaii’s surf and beach culture. Orchid Land's original tees are worn with pride across the islands. Step inside and enjoy viewing the walls of memorabilia collected over the years. Founded and operated by Stan Lawrence, he refers to it as his museum. This is more than a business - it's a place people return to, year after year, for boards, gear and connection. Hilo welcomes weekly cruise ships with 2,000+ passengers, plus regular island visitors. Built-in marketing advantage: the shop’s daily surf report, broadcast seven times a day on four local radio stations, includes the store’s name in every update—providing valuable, no-cost exposure to thousands of listeners daily. The familiar voice of the legend himself is heard every day. Sale includes inventory, fixtures, branding, and established vendor relationships. Step right in and ride the wave of Hawaii’s year-round surf lifestyle. An exceptional opportunity for an owner-operator or investor looking to expand in Hawaii’s thriving lifestyle retail market. Untapped online sales potential. The shop is waiting for the right person to launch an online store. Don’t miss this rare chance to own an iconic piece of Big Island surf history. **This is a business sale only and does not include real property.**

262 Kamehameha Ave, HILO

Listing courtesy of Arabel L Camblor Realty.

$1,215,000

4 Baths ⋅ 719531 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Prime commercial property for sale (leasehold) on busy Kanoelehua Ave., just minutes to Hilo International Airport. The center is known as Lehua Center and includes four retail spaces totaling 5,992 sq. ft. of leasable area. Each space has it's own private restroom and is individually metered for electricity. There are 25 parking stalls. The land area is 21,050 sq. ft. and is zoned MCX-20. The original 60 year ground lease has approximately 44 years remaining with known ground rents until 8/31/29. The fee is not available, but there is a first right of refusal. The entire property is leased to a single tenant until September 30, 2027. That tenant in turn subleases the individual spaces. Lessor is responsible for building exterior repairs and common area maintenance. Lessee is responsible maintaining the interior spaces. Priced below 2023 appraisal. Please DO NOT disturb tenants. Offer subject to inspection.

750 Kanoelehua Ave Unit 4, HILO

Listing courtesy of Lau & Associates LLC.

$1,215,000

202503343 MLS ⋅ LH - Leasehold Tenure

750 Kanoelehua Avenue, Hilo

Listing courtesy of Lau & Associates, LLC.

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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.