Waikiki Homes with Leasehold Land tenure

Welcome to Waikiki, the vibrant heart of Honolulu, Hawaii! Known for its stunning beaches, world-class dining, and a lively atmosphere, Waikiki is a paradise that attracts both residents and visitors alike. Nestled on the southern shore of Oahu, this iconic neighborhood is famous for its golden sands and the breathtaking backdrop of Diamond Head, offering a perfect blend of natural beauty and urban convenience.

In Waikiki, you'll find a delightful mix of cultural experiences and modern amenities. From boutique shops to high-end retailers, the shopping scene is as diverse as the people who call this area home. The culinary landscape is equally impressive, with an array of restaurants showcasing local flavors and international cuisine. Enjoy fresh poke at a casual eatery or indulge in fine dining with ocean views—the choices are endless!

For those considering a home in this vibrant neighborhood, it's important to note that many properties in Waikiki are on leasehold land. This means that while you can own the home, the land itself is leased from a landowner, typically for a long-term period. Leasehold properties often come with lower purchase prices, making them an appealing option for first-time buyers or those looking to invest in a slice of paradise without breaking the bank.

Whether you’re drawn to the surf culture, the rich history, or the dynamic lifestyle, Waikiki offers a unique living experience that captures the essence of island life. Embrace the spirit of aloha and discover your dream home in this enchanting neighborhood!

Newest Waikiki Homes with Leasehold Land tenure

2250 Kalakaua Avenue Unit LL105, Honolulu

$185,000

202618698 MLS ⋅ LH - Leasehold Tenure ⋅ 1 DOM

Turnkey Restaurant Asset Sale: Rare opportunity to acquire a fully operational, plug-and-play restaurant asset in a prime, high-foot-traffic location! Operating since 2024, this turnkey setup allows you to take over immediately—avoiding months of build-out delays, expensive equipment costs, and permitting hassles. The outdoor dining area is shared with neighboring restaurants, saving you labor costs for food service and cleaning. Prime Location: In the heart of Waikiki with heavy daily foot traffic from surrounding hotels, businesses, and visitors. Fully Equipped: Complete asset transfer includes kitchen build-out, hood/ventilation system. Versatile Layout: Keep the successful hot dog & banh mi concept or easily adapt the space with your own menu, grab-and-go. Instant Start: Operating continuously since 2024 with established customer habits and vendor relationships in place. Don't wait—schedule your private showing today to inspect the build-out and equipment in person!

2250 Kalakaua Avenue Unit LL105, Honolulu

$135,000

202618621 MLS ⋅ LH - Leasehold Tenure ⋅ 5 DOM

Rare opportunity to acquire a fully built-out, turnkey business located in the highly desirable Royal Hawaiian Center in the heart of Waikiki. Situated within one of Honolulu’s premier shopping and visitor destinations, this established space offers excellent exposure and access to strong pedestrian traffic from both local residents and visitors. The sale includes the existing business improvements, fixtures, furniture, and equipment, providing an opportunity for a new operator to step in with minimal build-out required. Buyer may pursue a different business use, subject to landlord approval and any applicable licensing or permitting requirements. Excellent opportunity for an owner-operator or established company looking for a ready-to-go Waikiki location without starting a build-out from scratch. Business is currently operating. Please DO NOT disturb, question, or approach employees regarding the sale. All inquiries and showing requests must be directed through the listing agent. Additional business and lease information available to qualified buyers upon request.

2233 Kalakaua Avenue, Honolulu

1909 Ala Wai Boulevard Unit 806, Honolulu

$274,000

2 Beds ⋅ 1 Baths ⋅ 202618607 MLS ⋅ LH - Leasehold Tenure ⋅ 5 DOM ⋅ Royal Aloha BLDG.

Perfectly situated at the entrance to Waikiki, this rarely available 2-bedroom apartment offers city views and an excellent investment opportunity. Eligible for short-term rental (subject to applicable rules and regulations), this property presents a rare chance to generate vacation rental income in one of Honolulu's most sought-after destinations. Surrounded by convenience stores, popular restaurants, shopping, and entertainment, and just a short walk to world-famous Waikiki Beach, the location is ideal for both visitors and owners. Offered in AS IS condition, the unit provides the perfect opportunity to renovate, customize, and further enhance its value and rental potential.

1909 Ala Wai Boulevard Unit 806, Honolulu

$320,000

2 Beds ⋅ 2 Baths ⋅ 202617979 MLS ⋅ LH - Leasehold Tenure ⋅ 5 DOM ⋅ Royal Kuhio BLDG.

Enjoy ocean views from this two-bedroom, two-bathroom residence at Royal Kuhio. Located in the heart of Waikiki, the unit puts beaches, restaurants, shopping, and entertainment close by. Contact us for more details or to schedule a showing.

2240 Kuhio Avenue Unit 3204, Honolulu

$260,000

2 Beds ⋅ 2 Baths ⋅ 202618438 MLS ⋅ LH - Leasehold Tenure ⋅ 5 DOM ⋅ Royal Kuhio BLDG.

Located in the center of Waikiki, Royal Kuhio is one of Waikiki's Iconic Luxury Condominiums with very spacious living and bedrooms. This two bedroom, two bath, two covered secure spacious parking unit feels like a single family home. Featuring spectacular Ocean, Diamond Head, Waikiki City views from everywhere in the unit. Large lanais off the living area and bedrooms doubles as additional living area. Located in the center of it all, minutes to great restaurants, shops and the world famous beachfront Hotels and Resorts. Move right in as the unit is totally furnished. Washer/dryer in unit but also a large community laundry on site. Also for sale units 3406 & 3207 - Seller will consider a bulk sale for all 3 units.

2240 Kuhio Avenue Unit 3506, Honolulu

$260,000

2 Beds ⋅ 2 Baths ⋅ 202618436 MLS ⋅ LH - Leasehold Tenure ⋅ 5 DOM ⋅ Royal Kuhio BLDG.

Located in the center of Waikiki, Royal Kuhio is one of Waikiki's Iconic Luxury Condominiums with very spacious living and bedrooms. This two bedroom, two bath, two covered secure spacious parking unit feels like a single family home. Featuring spectacular Ocean, Diamond Head, Waikiki City views from everywhere in the unit. Large lanais off the living area and bedrooms doubles as additional living area. Located in the center of it all, minutes to great restaurants, shops and the world famous beachfront Hotels and Resorts. Move right in as the unit is totally furnished. Washer/dryer in unit but also a large community laundry on site. Also for sale units 3506 & 3207 - Seller will consider a bulk sale for all 3 units.

2240 Kuhio Avenue Unit 3406, Honolulu

$260,000

2 Beds ⋅ 2 Baths ⋅ 202618430 MLS ⋅ LH - Leasehold Tenure ⋅ 5 DOM ⋅ Royal Kuhio BLDG.

Located in the center of Waikiki, Royal Kuhio is one of Waikiki's Iconic Luxury Condominiums with very spacious living and bedrooms. This two bedroom, two bath, two covered secure spacious parking unit feels like a single family home. Featuring spectacular Ocean, Diamond Head, Waikiki City views from everywhere in the unit. Large lanais off the living area and bedrooms doubles as additional living area. Located in the center of it all, minutes to great restaurants, shops and the world famous beachfront Hotels and Resorts. Move right in as the unit is totally furnished. Washer/dryer in unit but there is also a large community laundry on site. Also for sale units 3506 & 3406 - Seller will consider a bulk sale for all 3 units.

2240 Kuhio Avenue Unit 3207, Honolulu

1920 Ala Moana Boulevard Unit 1109, Honolulu

$115,000

1 Baths ⋅ 202618449 MLS ⋅ LH - Leasehold Tenure ⋅ 5 DOM ⋅ Inn On The Park BLDG.

Located on the preferred park side of the building, the unit features ocean, Fort DeRussy Beach Park, and Diamond Head views. Inn on the Park is a nonconforming condotel building that allows short-term rentals, making it an attractive option for buyers seeking an established vacation rental property in Waikiki. Building amenities include a pool, BBQ area, recreation area, and community laundry. Enjoy a convenient location near Waikiki Beach, Fort DeRussy Beach Park, Hilton Hawaiian Village Lagoon, Ala Moana Center, Magic Island, restaurants, shopping, surf spots, and public transportation. A great opportunity to own a fully furnished Waikiki short-term rental with desirable views. Property is being sold as-is. Buyer to conduct their own due diligence.

1920 Ala Moana Boulevard Unit 1109, Honolulu

2415 Ala Wai Boulevard Unit 1704, Honolulu

$377,000

2 Beds ⋅ 1 Baths ⋅ 202618508 MLS ⋅ LH - Leasehold Tenure ⋅ 6 DOM ⋅ Waikiki Skyliner BLDG.

Conveniently located in Waikiki, this beautifully remodeled 2-bedroom, 1-bath unit is move-in ready and easily accessible. Completely updated in 2025, the unit features a remodeled kitchen and bathroom, brand-new stainless steel appliances, marble countertops, cherry oak cabinets and drawers with soft-touch features, fresh interior paint, new carpet and drapes, and luxury vinyl flooring throughout the remaining living areas. The enclosed lanai with louvers provides additional living space while still allowing for a wonderful cross breeze. Additional features include an in-unit washer and dryer, walk-in tub, and one covered assigned parking stall. EV charging and car wash is available. Enjoy secure building and parking access with key fob and code entry. Fee interest is available. Vacant and easy to show. Come see this beautifully updated Waikiki home!

2415 Ala Wai Boulevard Unit 1704, Honolulu

$300,000

2 Beds ⋅ 2 Baths ⋅ 202618240 MLS ⋅ LH - Leasehold Tenure ⋅ 11 DOM ⋅ Royal Kuhio BLDG.

Live above it all in the heart of Waikiki. This 33rd-floor Royal Kuhio residence wraps around the building. You get sweeping ocean and Waikiki views, sunrises over Diamond Head and sunsets over the Pacific, all from home. The 2-bedroom, 2-bath unit has 1,243 sq ft of interior living space and a 251 sq ft lanai for morning coffee or evening sunsets. The upper floors are served by their own secured elevator lobby for added privacy. Two assigned parking stalls are included. The maintenance fee covers water, hot water, sewer, internet and cable. Royal Kuhio is a well-managed building with a pool, sauna, tennis court, game room, clubhouse, lounge, lobby attendant and 24-hour security. Step outside to Waikiki Beach, International Market Place, Royal Hawaiian Center and Kalakaua Avenue's shops and restaurants, all within walking distance. Grocery stores, cafes and TheBus are right on Kuhio Avenue. It works well as a primary home, a Hawaii retreat, or an investment property. Leasehold.

2240 Kuhio Avenue Unit 3306, Honolulu

$165,000

1 Beds ⋅ 1 Baths ⋅ 202618235 MLS ⋅ LH - Leasehold Tenure ⋅ 11 DOM ⋅ Royal Kuhio BLDG.

Live in the very heart of Waikiki. This fully furnished 1-bedroom home sits on the 14th floor of Royal Kuhio, right on Kuhio Avenue. Waikiki Beach, International Market Place, Royal Hawaiian Center and Kalakaua Avenue's shops and restaurants are all a short walk away. So are grocery stores, cafes and TheBus stops. You can easily live here without a car. The unit is move-in ready. It comes furnished with two twin beds and a sofa sleeper, so it sleeps up to four guests comfortably. The building has 24-hour security. The pool, fitness center and laundry are on the 7th-floor recreation deck. Rentals of 30 days or longer are allowed (this unit has no NUC). That makes it a good fit for a personal Hawaii getaway, a long-term residence, or an investment with monthly rental income. It is currently operated as a 30-day-minimum rental. Leasehold. It's an affordable way to own in the center of Waikiki.

2240 Kuhio Avenue Unit 1410, Honolulu

$62,500

1 Beds ⋅ 1 Baths ⋅ 202618069 MLS ⋅ LH - Leasehold Tenure ⋅ 13 DOM ⋅ Kaioo Terrace BLDG.

If you're looking for an affordable place in Waikiki with parking a few blocks from the beach fronting the Hilton Hawaiian Village, welcome to Kaioo Terrace. Enjoy Friday night fireworks fronting the Hilton, which can be seen from the walkway off the front door. Kaioo Terrace is a secured building with swimming pool, hot tub and community laundry. Food Pantry supermarket is a block away as is an urgent care in case of an emergency. Enjoy Ala Moana to the west and all that Waikiki has to offer to your east. Why rent when you can buy? This is a leasehold ownership opportunity. Land lease expires in 2033, so buyers would need to pay cash. Why? Lifestyle, location, tax write off? You name it...

1867 Kaioo Drive Unit 307, Honolulu

Start Your Search

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.