South Kona Homes with Leasehold Land tenure

Welcome to South Kona, a picturesque gem nestled on the Big Island of Hawaii, where the lush landscapes meet the azure waters of the Pacific Ocean. This enchanting region is celebrated for its stunning coastline, vibrant culture, and a laid-back lifestyle that embodies the spirit of island living. South Kona is known for its rich history, with ancient Hawaiian sites, coffee farms, and charming small towns that invite exploration and connection.

One of the unique aspects of South Kona real estate is the availability of homes with leasehold land tenure. This means that while homeowners can enjoy the beauty and tranquility of their properties, the land itself is leased, often from a private owner or an entity. Leasehold properties can offer an affordable entry point into the Hawaiian real estate market, allowing you to experience the island lifestyle without the hefty price tag of freehold properties.

Living in South Kona means waking up to breathtaking sunrises, enjoying world-class snorkeling and diving at nearby Kealakekua Bay, and indulging in the local coffee culture that thrives in this region. Whether you’re seeking a cozy cottage surrounded by tropical gardens or a modern home with ocean views, South Kona offers a variety of options to suit your needs.

Embrace the charm of South Kona and discover the possibilities that come with leasehold properties. Experience the beauty, community, and adventure that await you in this Hawaiian paradise!

Newest South Kona Homes with Leasehold Land tenure

$699,000

5 Beds ⋅ 3 Baths ⋅ 731103 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. The lease is a Kamehameha Schools/Bishop Estate Agricultural Productive Lease which is set to expire on 10/31/2051. Gracing this productive 5.53 acre macadamia and coffee farm is an impressive and well maintained two story 5 bedroom/3 bath home located at the lower end of the property. The home is situated at an approximate elevation of 1,100' and overlooks a beckoning and picturesque stretch of the South Kona District coastline. Notable features of the home include * An upper level with 1,672sqft of living area that includes 3 bedrooms and 2 bathrooms was completed in 1983. * A lower level with 2 bedrooms and 1 bathroom was added and finalized in 1993. * Covered lanais of 546sqft on the upper level and 80sqft on the lower level. * A spacious kitchen area with plenty of counter space and cabinetry. * Bathrooms were updated in 2011. * Solar hot water system installed in 2008. * An attached 3 car carport of 930 sqft that includes a lockable storage area as well as a family recreation area. Residential Landscape: * Large well maintained lawn area on the northern side with rock retaining walls. * An attractive garden area containing anthuriums and hapuu. * Plenty of room for raised garden beds. Farm Area: * Has approximately 100 producing and mature macadamia trees. Approximately 300 coffee trees have planted in the past 5 years. * Miscellaneous fruit trees. * A neighbor owned fence forms the northern boundary while an intermittent rockwall bounds the southern boundary. * A 4*4 road provides access to the upper end of the farm. * A processing and storage shed is conveniently located at the lower end of the farm. This special property is conveniently located 5 miles from Captain Cook and just over a mile from the Honaunau Elementary School. Kailua-Kona and the Kona Airport are within 17 and 24 driving miles respectively. https://player.vimeo.com/video/1205189352

84-5084 Hawaii Belt Rd, CAPTAIN COOK

Listing courtesy of Sue Brown Realty and Associates.

$849,000

3 Beds ⋅ 2 Baths ⋅ 731416 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Rare opportunity to acquire the former Hawaiian Host South Kona facility, a landmark property in the heart of the Kona Coffee Belt. Situated on approximately 3.1 acres along Lower Napoʻopoʻo Road, this Kamehameha Schools Bishop Estate leasehold property includes a 3-bedroom, 2-bath caretaker residence, approximately 11,000+ square feet of warehouse, manufacturing, office, storage, and retail/showroom space. Existing infrastructure provides a rare combination of operational capacity, flexibility, and expansion potential in one of Hawaiʻi Island's most desirable agricultural regions. Leasehold interest extends through February 29, 2052. Properties of this size, infrastructure, and potential rarely become available in South Kona. Property is being sold As-Is. Buyers are encouraged to conduct their own due diligence regarding lease terms, assignment requirements, permitted uses, and all matters material to their purchase. All information herein is deemed reliable but not guaranteed. Buyers and their agents should independently verify any information they deem material or important to their purchase.

83-5711 Lower Napoopoo Rd, CAPTAIN COOK

Listing courtesy of eXp Realty.

$358,800

2 Beds ⋅ 1 Baths ⋅ 730721 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. This nearly 10 acre property offers the sustainable, off-grid lifestyle many dream of and now available for the first time on the market! Perfect for a family or individual seeking to live the farming lifestyle, it combines a solid home, income-producing orchards, and panoramic coastline views with year-round sunsets. The 2-bedroom, 1-bath 1975 home is well-built, with an additional large room (formerly an office, now storage), a separate carport and attached tool shed housing the off-grid system. A second detached structure provides a covered workspace and secure storage. Off-Grid Systems Include: * 2 catchment tanks: steel tank at the top of the property gravity-feeds the home and a second tank supplies the orchards * 6 PV panels * 2 Outback solar inverters & 2 Signature Solar EG4 batteries * Propane on-demand hot water, range, and refrigerator The property is fully fenced and thoughtfully laid out for farming and homesteading. Mature plantings include 2.5 acres of Kona coffee, lychee, and mixed crops ( *see attached fruit tree list ), plus two large vegetable garden plots, and areas previously planted with taro, sweet potato, and asparagus. With daily farmers markets nearby, there’s ample opportunity to generate a comfortable income from the land. Located 1 mile up Telephone Exchange Road, directly above Pu‘uhonua O Hōnaunau, the property enjoys sweeping ocean views spanning from Kealakekua Bay to Hōnaunau. This is a rare offering where sustainable living, income potential, privacy and breathtaking Kona coast scenery come together. The property overlooks Pu’uhonua O’Honaunau, The City Of Refuge; a National Historical Park, which is a culturally significant Hawai’i landmark. Other nearby beaches include Ho’okena, Manini, Ke’ei and Kealakekua Bay. * KSBE LH properties require a cash purchase and take approximately 6 months to Close escrow * Lease to 12/31/2055.

84-539 Telephone Exchange Rd, CAPTAIN COOK

Listing courtesy of Hawaii Life.

$1,200,000

5 Beds ⋅ 4 Baths ⋅ 729664 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. This exceptionally private 8-acre agricultural estate blends refined living with a fully established, income-producing coffee and macadamia nut farm. Set at the end of a double-gated road running the length of the property, with no neighbors in sight. The complex features 5 bedrooms and 4 bathrooms across thoughtfully designed ground-level structures connected by covered walkways. Five outdoor lanais, a hot tub, and a 42-foot lap pool with Trex decking create a resort-like setting ideal for daily living and entertaining. The land is level, fully fenced, and enhanced by mature landscaping, including ~ 50 stately palms, irrigated lawns, and productive orchards—creating a park-like setting year-round. Designed for both lifestyle and agricultural use, the property includes dedicated spaces: a coffee roasting room, packing and shipping area, bakery, shop, and equipment storage. Three covered parking spaces and room for additional farm vehicles. Ag inventory includes 4,000+ coffee trees, 120 macadamia nut trees, and fruit trees including avocado, mango, banana, breadfruit, and guava. Recent improvements include a remodeled kitchen and select bathrooms with granite countertops, fresh interior and exterior paint, new appliances, and updated lighting and fixtures. Multiple water heating systems and extensive outdoor lighting enhance efficiency and usability. The long-term farm manager is available for continuity. A unique opportunity for those seeking privacy and an estate suited for multi-generational living, agricultural income, or a retreat lifestyle. Minutes from the City of Refuge and some of the best ocean access for water sports in the state. Nearby beaches include Ho‘okena, Manini, Ke‘ei, and Kealakekua Bay. ** KSBE Ag LH properties require a 100% cash purchase ** Escrows typically take approximately 6 months to close ** Check out the fly-through video: https://player.vimeo.com/video/1187813841

83-5369 Manako Rd, CAPTAIN COOK

Listing courtesy of Hawaii Life.

$395,000

6 Beds ⋅ 4 Baths ⋅ 730020 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Two houses on 3.8 Acre Farm with Coffee and various fruit trees. Located high up near the end of Rabbit Hill Rd. Fantastic ocean views. The lower house is 3 bedroom, 2 bathroom recently remodeled. The middle level has a small 1 bedroom, 1 bathroom unit that has bee used for worker's quarters. The upstairs house is 2 bedroom, 1 bathroom recently remodeled. Annual lease rent is only $2,152. The lease goes on to July 1, 2044. Seller has installed a new Septic system that was required by the Lessor.

83-5749 Rabbit Hill Rd, CAPTAIN COOK

Listing courtesy of Kona Resort Properties.

$390,000

5 Beds ⋅ 2 Baths ⋅ 728049 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Opportunity to revitalize a previously productive farm property with excellent soil and diverse established fruit trees. The property features a 4-bedroom, 2-bathroom main living area upstairs with a spacious lanai and comfortable living area. Each bedroom is well sized with views out over the surrounding farm land. The lower level includes a separate 1-bedroom, 1-bathroom living area, along with a large paved carport/workshop space suitable for equipment, storage, or workspace. Additional shed and workshop structures provide further room for farm operations, many constructed with durable steel framing. The farm includes a variety of mature trees including ‘ulu (breadfruit), mango, macadamia nut, jaboticaba, longan, avocado, and coffee, providing a strong foundation for continued agricultural use. The property features deep, productive soil throughout the farm, making it well suited for orchard crops or diversified agriculture. Location is well balanced for a rural lifestyle while only minutes away from the services and compliments of Captain Cook and downtown Kailua Kona. Lease allows for cultivation of truck crops, orchard crops, flowers, or nursery crops, with a minimum of 3.5 acres in productive cultivation. Permitted uses also include a farm dwelling (subject to lessor approval), processing and wholesaling of crops, and storage and retail sales of processed agricultural products. The current lease expires February 29, 2056, providing long-term use for agricultural and farm-related activities.

84-5040 Hawaii Belt Rd, CAPTAIN COOK

Listing courtesy of Livingston Realty.

$788,000

3 Beds ⋅ 3 Baths ⋅ 727647 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. 10.6 acre with a new KSBE lease to 10/31/2057. Searching for one home or possibly two on peaceful acreage, just minutes to the best beaches for ocean access? Then Look No Further! Check out this charming, 3 bedroom, 2 bathroom 1720 interior sqft home with 2 car garage built in 2005. Meticulously maintained home exudes simple luxury with unique details throughout including recessed tongue n groove ceilings, a versatile 3rd bedroom corner room & a discreet television closet. The thoughtfully designed open floor plan, positions the kitchen at the north side of the home with a clear line of sight to the front door. Entertaining will be a delight with the spacious island, Granite counters, pine cabinets, double wall ovens and gas cooktop. The kitchen opens to the 1048 sqft covered lanai, nearly doubling the living space and a wonderful place to experience ocean views and the typical year-round perfect weather. The primary en suite opens to its private section of the lanai. The bathroom features a comfortably sized tile and stone walk-in shower. Additionally, the outside shower makes clean up more convenient from working or playing outside. Separate 4-car, 1056 sq ft garage, built in 2004, away from the main house and currently used as a shop and quilting studio would be ideal converted into an additional farm dwelling. * Both structures were recently painted * Being offered turnkey furnished. * 9 acres in mature/producing mac nuts * Home is privately situated in the upper middle of the property with no neighbors in sight. The property is between Middle Ke’ei Rd and 555 acres of pasture. Located just minutes to The City Of Refuge and some of the best ocean access for water sports in the state. Other nearby beaches include Ho’okena, Manini, Ke'ei & Kealakekua Bay. ** KSBE Ag LH properties require 100% cash purchase * Escrows take a minimum of 6 months to Close

83-5611 Middle Keei Rd, CAPTAIN COOK

Listing courtesy of Hawaii Life.

$377,000

3 Beds ⋅ 3 Baths ⋅ 202603490 MLS ⋅ LH - Leasehold Tenure

Update 5/15/26 – Seller financing may be available for qualified buyers with acceptable terms and approximately $250,000 down. Contact listing agents for additional information. Rare opportunity to acquire 5.5+ acres of agricultural land with sweeping ocean views just off Mamalahoa Highway. The property includes a 3-bedroom, 2.5-bath single-family home with attached carport, plus a permitted 600 sq ft processing house offering flexibility for agricultural operations. Multiple upgrades completed in February 2026 include new interior and exterior paint, kitchen appliances, upper cabinets, laminate flooring, ceiling fans, and updated light fixtures. The home also features a large bonus room currently used as a home office with ocean views. The property includes existing coffee, cacao, macadamia nut, avocado, breadfruit, and banana trees, showcasing the property’s agricultural use and potential. Easy access and recent excavation completed in December 2025 further enhance usability and future possibilities. Leasehold interest with land owned by Bishop Estate (Kamehameha Schools).

84-5186 Mamalahoa Highway, Captain Cook

Listing courtesy of Coldwell Banker Realty.

$377,000

3 Beds ⋅ 3 Baths ⋅ 727874 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Rare opportunity to take over 5.5+ acres of productive farm land with sweeping ocean views just off Mamalahoa Highway. The property includes a 3-bedroom, 2.5-bath single-family home with attached carport, plus a legal, permitted 600 sq ft processing house, offering exceptional flexibility for on-site agricultural operations. Multiple upgrades completed in February 2026 include new: interior and exterior paint, kitchen appliances, upper cabinets, laminate flooring, ceiling fans, and updated light fixtures. The home also features a large bonus room used as a home office with a view of the ocean! The property contains existing coffee, cacao, macadamia nut, avocado, breadfruit, and banana trees, providing a preview of active farming and agricultural income. Easy access and recent excavation completed in December 2025 further enhance usability and future potential. Leasehold interest with land owned by Bishop Estate (Kamehameha Schools).

84-5186 Mamalahoa Highway, CAPTAIN COOK

Listing courtesy of Coldwell Banker Realty.

$525,000

3 Beds ⋅ 3 Baths ⋅ 727224 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Profitable 11.9 acre True “Kona Coffee Belt” Farm. Pays you to live here 4+ acres coffee 6 acres nuts About 40 avocado trees, 5 varieties 2 old growth mango Many Kukui nut trees w/edible flowers. Nestled about 100 yds below Hwy 11, enjoy private living w/ 45 mile coastline views to South Point. Gated & paved 110 yd. driveway. No road fees or HOA dues Upstairs 900sf: vaulted ceiling, spacious kitchen w/ gas stove & dishwasher. Dining room has sky-light. Nice family room with dramatic ocean views. 2 bedrooms w/ large closets & 2 baths. Hardwood & stone flooring throughout the entire home Downstairs 500sf w/ separate entrances, has full kitchen & bath. Ideal for guests, in laws or highly desirable worker quarters. Walks out to a large uncovered stone patio. 1 car Carport w/ work bench, storage area & w/d hookups Perfect farming conditions: 1100-1300 ft elevation, morning sun, afternoon clouds & 9-13’ annual rainfall. Tons harvested from approx. 1,300 trees. This farm has by far THE BEST variety of Kona Typica coffee. This variety was planted for blending 10% Kona & 90 % Robusta. This variety at 100% will blow your mind. Trees are about 35 years old w/ long remaining lifespan. Six+ acres of 40 year old Mac Nut trees (about 740) provide a minimum 15k lbs of nuts yearly. These are variety #344, specifically for nut oil, planted by Mac Farms. This variety is always in demand, harvested every 9 months: flower to nut. Very reasonable labor costs Concrete parking areas above & below home 900sf lanai space Separate, uncovered 12’ X 16’ deck built for hot tub Upper portion of parcel has 40’ container w/ insulated temp. & humidity controlled coffee storage room w/ PV panel & an original house pad suitable for larger home w/ 30’ x 12’ fenced garden area Close to shopping & restaurants. Post office, County bldg, Schools & Hospital within 6 miles. Beaches nearby & 30 min to Kona

83-5621 Hawaii Belt Rd, CAPTAIN COOK

Listing courtesy of Hawaii Estates LLC.

$749,000

6 Beds ⋅ 4 Baths ⋅ 727043 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property...Major price reduction! Possible rental opportunities with 4 separate living spaces! Plus the current owners are successfully growing coffee and outsourcing the roasting. Live your dream! A must see, will not last! Discover your own slice of Hawaiian paradise with this extraordinary property—a flourishing tropical farm where history, sustainability, and natural beauty unite in perfect harmony. Nestled within a thoughtfully designed estate, you'll find multiple structures, including a historic farm-style main house with 3BR's & 2 baths, a charming mill house with sleeping area and outhouse, and a detached redwood home with 3BR's and1bath plus an outside shower and it's own paved driveway. The main house has a potential second driveway perpendicular off the main road. Rock walls are on 3 sides of property. Fully turnkey, this property comes with farm equipment, furnishings, and an active operation producing premium shade-grown Kona coffee, macadamia nuts, and tropical fruits. The main house blends rustic charm with modern convenience. Its spacious kitchen, open-concept living and dining areas, 3 bedrooms, and 2 baths create a warm, inviting retreat, living room cabinets replaced with custom mango and Australian pine cabinets. Below the main home is a full woodworking workshop, propagation/gardening room and extensive storage. A private guest suite, boasting its own entrance, 3 bedrooms and a full bath, and a kitchen with exquisite Koa cabinetry, elevates the experience. The suite’s bedroom/library, crafted from reclaimed redwood, opens to a lanai with breathtaking ocean views and an open-air shower. At the heart of the estate stands the historic mill, a working hub where coffee and macadamia nuts are meticulously processed. Complete with a Hoshidana (retractable drying roof). Harvests include coffee, macadamia nuts, avocados, bananas, and more. March '26 coffee sales are about 200 lbs.

83-5531 Hawaii Belt Rd, CAPTAIN COOK

Listing courtesy of COMPASS.

$335,000

3 Beds ⋅ 3 Baths ⋅ 726966 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Peaceful living on this 10.17 acre leasehold macadamia nut farm in Honaunau. Single wall redwood home built in 1980, 3 bedroom, 3 bath with a 2-car carport. The floorplan is spacious and family-friendly, with covered exterior areas for outdoor living as well. Current KS lease through 2053. The land includes mature macadamia nut trees, grade gets a little steep on the upper half of the property. Farm road access to the house (not fully paved), SUV or AWD recommended. The use of a UTV or ATV is most practical to work the farm and access above the house. Enjoy a quiet, private setting, perfect for farming, self-sufficiency, or rural country living in South Kona. Great opportunity to own LH acreage with a home. This property has a lot of potential, the home will benefit from some improvements. Leasehold may be an appealing and affordable option for buyers seeking land, privacy, and long-term farming opportunity.

84-5052 Hawaii Belt Rd, CAPTAIN COOK

Listing courtesy of Kou Hale Realty 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.