KAILUA KONA Homes with Leasehold Land tenure

KAILUA KONA Homes with Leasehold Land tenure

Welcome to Kailua Kona, a stunning gem nestled on the western coast of the Big Island of Hawaii. Known for its breathtaking sunsets, vibrant marine life, and rich cultural heritage, Kailua Kona is more than just a picturesque destination; it's a lifestyle. With its warm, tropical climate and stunning ocean views, this charming town offers a unique blend of relaxation and adventure, making it an ideal place to call home.

Kailua Kona boasts a diverse real estate market, including homes with leasehold land tenure. This unique property arrangement allows residents to enjoy the beauty of Hawaii without the higher costs associated with freehold properties. Leasehold homes in Kailua Kona offer a variety of options, from cozy oceanfront bungalows to spacious family residences, all designed to embrace the island's natural beauty. This arrangement often provides access to prime locations, allowing homeowners to experience the best of island living at a more affordable price.

The vibrant community of Kailua Kona is teeming with activities, from world-class snorkeling and surfing to exploring historic sites such as the Hulihee Palace and the famous Kona Coffee farms. With a plethora of dining options, boutique shops, and local markets, residents enjoy a laid-back lifestyle infused with Hawaiian culture.

Whether you’re looking to invest in a leasehold property or simply seeking a tranquil retreat, Kailua Kona offers a lifestyle that is as enchanting as its landscapes. Discover the magic of this coastal paradise and find your perfect piece of paradise in Kailua Kona today!

Newest KAILUA KONA Homes with Leasehold Land tenure

74-5618 Palani Rd Unit M3, KAILUA KONA
$129,000
1 Beds ⋅ 1 Baths ⋅ 734598 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.
This is a leasehold property. Discover an exceptional opportunity to own a beautifully upgraded, income-producing condominium in the heart of Kona! This stylishly furnished vacation rental has a proven track record of success, consistently generating approximately $57,000 in annual gross rental revenue. With upgraded flooring, attractive furnishings included in the sale, and an established short-term rental history, this property offers an appealing combination of comfort, convenience, and investment potential. This inviting condominium offers a welcoming tropical retreat for owners and guests alike. The included furnishings make this an attractive turnkey opportunity for buyers looking to continue its successful rental operation. Location is one of this property's greatest assets. Situated in the heart of Kona, you're just minutes from the ocean, beaches, restaurants, shopping, banking, and everyday conveniences. Guests appreciate the central location, with easy access to Kona's beautiful coastline, spectacular sunsets, and popular attractions. This highly desirable setting has helped contribute to the property's consistent rental performance. The sale includes one assigned parking space, providing added convenience for owners and guests. Please note: This is a leasehold property, and due to leasehold financing limitations, a cash purchase is required. Rental income figures are historical gross revenues and are not a guarantee of future performance. Whether you're looking to expand your vacation rental portfolio or enjoy your own tropical getaway with established income potential, this upgraded, fully furnished Kona condominium offers an outstanding combination of location, style, and proven rental performance.

74-5618 Palani Rd Unit M3, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

75-6016 Alii Dr Unit 203, KAILUA KONA
$125,000
1 Beds ⋅ 1 Baths ⋅ 733776 MLS ⋅ ['Leasehold'] Tenure ⋅ Alii Villas BLDG.
This is a leasehold property. Experience paradise in this beautifully updated 1-bedroom, 1-bath LEASEHOLD condo in the heart of Kailua-Kona. Enjoy resort‑style amenities including a pool, BBQ area, and more. Perfectly located near beaches, dining, shopping, and vibrant local culture, this condo offers the ideal blend of relaxation and adventure. With potential for vacation rental income, it’s not just a home — it’s an excellent investment opportunity. Fully furnished Stain‑grade casing and doors in bedroom and closets Ceiling fans in bedroom, living room, and lanai Stainless steel kitchen appliances LG stack washer & dryer Tankless water heater 65" Samsung Smart TV Electronic keyless front‑door lock with master key & manager code New bed and frame HOA fees include: BBQ, Pool, cable, internet, sewer, water, trash, property and AOAO insurance, onsite Resident Manager, and Landscaping.

75-6016 Alii Dr Unit 203, KAILUA KONA

Listing courtesy of Real Broker.

75-5776 Kuakini Highway Unit 119, KAILUA KONA
$165,000
1 Baths ⋅ 733965 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Islander Inn BLDG.
This is a leasehold property. Welcome to Kona Islander Inn #119! An exceptional opportunity to own a competitively priced, ground-floor condominium in the heart of Kailua-Kona! Enjoy the convenience of easy, stair-free access and peaceful tropical garden views, creating a relaxing island retreat just moments from the best of Kona. Location, location, location! Kona Islander Inn is ideally situated in the heart of downtown Kailua-Kona, within walking distance of beautiful oceanfront attractions, restaurants, shopping, coffee shops, and the vibrant activities along historic Alii Drive. Enjoy the convenience of leaving your car behind and experiencing the very best of Kona right outside your doorstep! Whether you're searching for an affordable Hawaiian getaway, a convenient island retreat, or an investment opportunity, Unit #119 offers tremendous potential at an attractive price point. Ground-floor units with no stairs are especially desirable for those seeking easy accessibility and convenience. Don't miss this opportunity to secure your own piece of paradise in one of Kailua-Kona's most convenient locations! Competitively priced and ready for its next chapter, Kona Islander Inn #119 is an opportunity worth exploring!

75-5776 Kuakini Highway Unit 119, KAILUA KONA

Listing courtesy of Knutson & Associates.

74-5618 Palani Rd Unit A2, KAILUA KONA
$165,000
2 Beds ⋅ 1 Baths ⋅ 733403 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.
This is a leasehold property. Enjoy exceptional ocean and horizon views above Kailua Bay from this well-located 2-bedroom, 1-bathroom unit. Positioned on the second floor directly behind the pool area, the unit enjoys unobstructed views and refreshing breezes with no building immediately in front. Inside, the unit features spacious bedrooms and a locking pantry for convenient owner storage. The flexible layout allows the unit to be rented as a two-bedroom or as a one-bedroom, with the second bedroom secured for owner privacy and personal belongings. Ideally located for enjoying the Kona lifestyle, the property is within easy walking distance of the beach, restaurants, shopping, and other nearby amenities. The unit also has an active Short-Term Vacation Rental (STVR) permit, providing flexibility for personal use, vacation rental income, or a combination of both. HOA maintenance fees include water, sewer, trash, gas for the range and hot water, common area maintenance, pool maintenance, and quarterly pest control.

74-5618 Palani Rd Unit A2, KAILUA KONA

Listing courtesy of Livingston Realty.

74-5618 Palani Rd Unit E8, KAILUA KONA
$189,000
2 Beds ⋅ 1 Baths ⋅ 734235 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.
This is a leasehold property. Whether you're seeking an established income-producing property or a beautifully upgraded home close to the ocean and everything Kailua-Kona has to offer, this exceptional condominium delivers! This highly successful short-term vacation rental generated over $65,000 in annual gross rental revenue in each of the three consecutive years 2023, 2024, and 2025! The property's thoughtful upgrades, comfortable accommodations, and outstanding location have helped the seller maintain an impressive 4.83-star Airbnb rating, with many guests returning for repeat stays. Unlike many condominium renovations that focus primarily on cosmetic improvements, this extensively remodeled two-bedroom, one-bath residence has been upgraded from top to bottom! Enjoy modern appliances, beautiful granite countertops, luxury plank flooring, a custom-tiled shower, fresh interior paint, upgraded lighting, and replacement windows that provide enhanced soundproofing. Air conditioning has been installed in both bedrooms and the living area for year-round comfort. Situated in a desirable top-floor corner location, this condominium offers a wonderfully private setting despite being right in the heart of town. The west-facing lanai is the perfect place to relax and enjoy Kona's spectacular sunsets, while the convenient central location allows residents and guests to walk to numerous shops, restaurants, and local attractions. Enjoy the best of both worlds: peaceful, private surroundings with the ocean and vibrant Kona lifestyle just moments away. Offered fully furnished, this beautifully updated condominium is ready for its next owner to enjoy. Whether your dream is to live in Hawaii full-time, escape to your own island retreat, or continue its successful vacation rental history, this property offers outstanding versatility. Community amenities include a swimming pool and convenient on-site laundry

74-5618 Palani Rd Unit E8, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

74-5618 Palani Rd Unit L1, KAILUA KONA
$149,000
1 Beds ⋅ 1 Baths ⋅ 734075 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.
This is a leasehold property. Enjoy convenient island living in this desirable ground-floor end-unit condominium, ideally located in the heart of Kona. With minimal stairs to the entrance, added privacy from its end-unit location, and parking conveniently located near the front door, this property offers a comfortable and practical setup for full-time living, a second home, or rental use. The ground-floor location provides easy access with only a few steps to the front door—especially convenient for bringing in groceries, luggage, or beach gear. As an end unit, the condominium also enjoys a more private setting with fewer neighboring units. Location is one of this property's greatest assets. You're just minutes from the ocean and Kona's beaches, while shopping, restaurants, banking, medical services, and other everyday conveniences are all close by. Whether you're heading to the beach, out for dinner, or simply running errands, everything you need is within easy reach. The property has previously been used for mid-term rentals, typically accommodating tenants for one to three months at a time, offering flexibility for an owner who may wish to continue rental use while also enjoying the property themselves. The sale includes one assigned parking space conveniently located near the unit. Please note: This is a leasehold property, and due to leasehold financing limitations, a cash purchase is required. Whether you're looking for a conveniently located Kona residence, an island getaway, or a property with flexible rental potential, this ground-floor end unit offers an appealing combination of accessibility, privacy, and an excellent in-town location.

74-5618 Palani Rd Unit L1, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

78-7190 Holua At Mauna Loa Unit 55, KAILUA KONA
$575,000
3 Beds ⋅ 3 Baths ⋅ 734130 MLS ⋅ ['Leasehold'] Tenure ⋅ Mauna Loa Village BLDG.
This is a leasehold property. Rare 3 bedroom 2.5 bath updated condo in the beautiful Mauna Loa Village resort. Highly successful vacation rental with revenue from $300 to $600 per night. 24 years left on lease. Spectacular unit with 3 bedrooms, 2 1/2 baths, two lanais, fully furnished townhouse with upgrades throughout situated amongst luxurious living in the Keauhou Resort area. Complex has covered parking. Upgrades include: waterfall edge quartz countertops in kitchen LVP and tile floors Split AC throughout with warranty Mauna Loa Village at Holua is right by Keauhou Bay & Kona Country club, & Wyndham Mauna Loa . Where else can you find all of these amenities at this price! There are 20 pickleball courts. 7 tennis courts, 6 pools and more!!! Walk Through video link here : https://youtu.be/_jyQ70a1KgE

78-7190 Holua At Mauna Loa Unit 55, KAILUA KONA

Listing courtesy of COMPASS.

75-6026 Alii Dr Unit 4102, KAILUA KONA
$205,000
1 Beds ⋅ 1 Baths ⋅ 733219 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Makai BLDG.
This is a leasehold property. HOWEVER, IT SHOULD BE NOTED THAT THE FEE IS AVAILABLE FOR PURCHASE. PLEASE SEE ATTACHED LETTER FROM AOAO. FEE AND UNIT ARE FINANCEABLE FOR A QUALIFIED BUYER. Ideally situated in desirable ocean front "Kona Makai" complex, Unit 4-102 is an access friendly, one bedroom one bath ground floor unit that overlooks a luxuriant and meticulously manicured landscape and beyond to a magical view of the ocean. In addition, Unit 4-102 enjoys soothing onshore daytime breezes. Unit 4-102's lanai is ocean facing, which is a rare find in the complex. The unit comes turnkey furnished, air-conditioned with wall mounted units. "Kona Makai" complex offers many benefits and amenities which include:- * Short Term Vacation Rentals (STVR) are allowed at Kona Makai. (Current owner used it as her full time residence.) * A resident manager. * Plenty of parking some of which is covered. * An appealing ocean front pool and spa. + A BBQ area adjacent to the pool. * A dedicated gym. * A covered recreation area with ping pong table. * Two tennis courts . * An entrance that is gated at night for added security. The monthly maintenance fees cover the cost of a resident manager, ground's maintenance , trash removal, water, internet and cable. "Kona Makai" is located in Kona's coveted resort area approximately 1.5 miles south of Kailua-Kona and less than 10 miles from the Kona International Airport. Within close proximity are beaches, golf course, ocean activities, restaurants and shopping. Video: https://player.vimeo.com/video/1224086501

75-6026 Alii Dr Unit 4102, KAILUA KONA

Listing courtesy of Sue Brown Realty and Associates.

75-5776 Kona Islander Inn Unit 305, KAILUA KONA
$220,000
1 Baths ⋅ 732948 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Islander Inn BLDG.
This is a leasehold property. Long-term lease expiring in 2079! Fully renovated & Fully furnished Active STVR in Prime Kailua-Kona Location! This beautifully updated studio at Kona Islander Inn offers an exceptional opportunity to own an affordable Hawaiian getaway with established short-term vacation rental potential. Located in a designated Vacation Zone across the street from the shoreline, dining, shopping, and popular Kona attractions, this third-floor condo is ideally positioned for both personal enjoyment and investment use. The thoughtfully renovated interior features modern tropical finishes, comfortable furnishings, and a welcoming resort-inspired atmosphere. Enjoy your private lanai overlooking the lush grounds and pool area—an ideal spot for morning coffee or winding down after a day of island adventures. Kona Islander Inn offers a relaxed vacation setting with a swimming pool, jacuzzi, BBQ areas, and onsite laundry. The convenient location puts you close to ocean activities, restaurants, entertainment, and everything downtown Kailua-Kona has to offer. As a leasehold property, this studio provides an opportunity to enter the Kona market at a potentially lower price point while enjoying the benefits of a vacation-oriented location. Whether you're looking for a personal island retreat, a potential income-producing STVR, or a combination of both, this turnkey studio is worth a look. HOA fee includes water, internet, trash, TV and electricity!

75-5776 Kona Islander Inn Unit 305, KAILUA KONA

Listing courtesy of KW Big Island.

75-6026 Alii Dr Unit 5207, KAILUA KONA
$239,900
1 Beds ⋅ 1 Baths ⋅ 732776 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Makai BLDG.
This is a leasehold property. Welcome to Kona Makai #5-207, a beautifully positioned end unit offering an exciting opportunity in one of Kona’s desirable oceanfront communities. Conveniently located with close access to parking this fully furnished 1-bedroom, 1-bath condominium offers approximately features two private lanais surrounded by Kona Makai’s lush tropical setting. What makes this opportunity particularly exciting is the flexibility now available to buyers. While currently leasehold, the fee simple interest is now available for purchase at Kona Makai, creating an opportunity to convert to fee simple ownership. Financing options are also available opening the door to buyers who may have previously overlooked leasehold properties. For investors, the potential is especially compelling! Kona Makai is an STVR-eligible complex, offering an opportunity for short-term vacation rental use. Combined with the ability to purchase the fee, this creates a unique opportunity for buyers looking for both flexibility and long-term potential. Inside, the end-unit location adds to the appeal, while two lanais provide additional spaces to enjoy Hawaiʻi’s indoor-outdoor lifestyle. Kona Makai offers fantastic resort-style amenities, including a spectacular oceanfront pool and spa, BBQ and gathering areas, tennis and pickleball courts, beautifully maintained tropical grounds, and ample open parking Located just minutes from downtown Kailua-Kona’s restaurants, shopping, beaches, and ocean activities, 5-207 combines location, convenience, rental potential, and the rare opportunity to purchase the fee interest. Leasehold today with the fee available for purchase an exciting opportunity to make Kona Makai your own!

75-6026 Alii Dr Unit 5207, KAILUA KONA

Listing courtesy of Knutson & Associates.

79-7261 Honalo Plaza Unit 204, KAILUA KONA
$105,000
1 Beds ⋅ 1 Baths ⋅ 732626 MLS ⋅ ['Leasehold'] Tenure ⋅ Honalo Plaza BLDG.
This is a leasehold property. Big Island Living Within Reach | $105,000 This beautifully updated 1-bedroom, 1-bath condo offers an affordable opportunity to enjoy a place of your own in the Kona area. Fresh, comfortable, and move-in ready, the thoughtfully designed interior makes great use of the space and offers an easy, low-maintenance lifestyle. A standout benefit is the value included in the $798 monthly maintenance fee, which includes the lease fee, electricity, water, propane, rubbish removal, and building insurance—bringing several major monthly expenses together into one convenient payment. Whether you're looking for an affordable full-time residence, a convenient Hawai‘i home base, or a simple lock-and-leave retreat, this remodeled condo offers an appealing alternative to the considerably higher price of many fee-simple properties in the Kona area. For the right cash buyer who understands leasehold ownership, this is an opportunity to enjoy the Hawai‘i lifestyle at a price point that's increasingly hard to find. LEASEHOLD PROPERTY. CASH OFFERS ONLY. NO SELLER FINANCING. Current lease expires in 2039. Buyer to independently verify lease terms, maintenance fee inclusions, rental use, fees, and all information deemed material to the purchase.

79-7261 Honalo Plaza Unit 204, KAILUA KONA

Listing courtesy of ZT Hawaii LLC.

74-5618 Palani Rd Unit A4, KAILUA KONA
$114,000
1 Beds ⋅ 1 Baths ⋅ 732427 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.
This is a leasehold property. Own one of the area's most sought-after vacation rentals! This beautifully maintained top-floor condominium has been a consistently successful Airbnb property, generating an average of approximately $55,000 in annual gross rental revenue over the past five years. With an established rental history, outstanding guest reviews, and reservations already on the books through 2027, this is a rare opportunity to step into a proven, income-producing property from day one. Now offered at it's rock bottom price and with the potential of transferring approx. $22,000 of future 2026 STVR bookings. Located on the top floor of a two-story building, the condominium enjoys peaceful privacy along with relaxing ocean and pool views from the lanai. Guests love the bright, open feel and the elevated vantage point that captures Kona's beautiful sunsets and tropical atmosphere. The location is one of the property's greatest assets. Situated in the heart of Kona, visitors can easily walk or take a short drive to beaches, restaurants, shopping, and local attractions. This highly desirable central location has been a major contributor to the property's exceptional occupancy and repeat guest business. The sale includes one assigned parking space, adding convenience for both owners and guests. Please note: This is a leasehold property and because of leasehold financing limitations a cash purchase is required. Whether you're looking to expand your vacation rental portfolio or own a tropical getaway with a proven income stream, this turnkey investment offers an exceptional combination of location, performance, and lifestyle.

74-5618 Palani Rd Unit A4, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

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