WAIKOLOA Homes under $500,000

WAIKOLOA Homes under $500,000

Welcome to Waikoloa, a hidden gem nestled on the sunny Kohala Coast of the Big Island of Hawaii! Known for its stunning landscapes, vibrant culture, and friendly community, Waikoloa offers a unique blend of natural beauty and modern conveniences. With its warm climate, pristine beaches, and breathtaking views of Mauna Kea, it’s no wonder that Waikoloa is a sought-after destination for both residents and visitors alike.

For those seeking an affordable slice of paradise, Waikoloa boasts an impressive selection of homes priced under $500,000. This makes it an ideal location for first-time homebuyers, retirees, or anyone looking to invest in a tranquil lifestyle surrounded by the beauty of Hawaii. Imagine waking up to the sound of the ocean waves and enjoying your morning coffee on your lanai while soaking in the stunning tropical scenery.

The real estate market in Waikoloa offers a variety of options, from charming single-family homes to cozy condos, all designed to fit a range of lifestyles and budgets. Whether you’re looking for a vacation home, a rental property, or a permanent residence, you’ll find that Waikoloa has something to suit your needs.

In addition to its beautiful homes, Waikoloa is home to world-class golf courses, shopping, dining, and recreational activities. With the allure of island living and the affordability of homes under $500,000, Waikoloa is truly an exceptional place to call home. Come explore the possibilities and discover your dream home in this enchanting Hawaiian paradise!

Newest WAIKOLOA Homes under $500,000

68-3831 Lua Kula St Unit H208, WAIKOLOA
$439,900
2 Beds ⋅ 2 Baths ⋅ 733708 MLS ⋅ ['Fee Simple'] Tenure ⋅ Fairway Terrace BLDG.
Exceptional opportunity at Fairway Terrace! This beautifully updated, top-floor 2-bedroom, 2-bath condominium stands out as one of the most attractive offerings currently available in the community, combining an impressive setting, extensive improvements, successful short-term vacation rental history, and an exceptional price. Offered fully furnished and truly turnkey, H-208 is currently operating as a successful STVR and is thoughtfully equipped for continued vacation rental use, a primary residence, or an island retreat. Recent additions include new linens, mattresses, towels and bedding, a new dining table, new twin beds, and new kitchen items. Major improvements also include a new front door, new sliding glass door, and new windows. Overlooking the 10th fairway of the Waikoloa Village Golf Course, the residence enjoys cooling breezes and beautiful golf course views toward Mauna Kea. The updated kitchen features quartz countertops, upgraded cabinetry, and a modern backsplash. Both bathrooms offer updated vanities, with a tiled shower in the primary bath. Additional features include updated flooring, air conditioning, automatic window shades in the primary bedroom, and an in-unit washer and dryer. Fairway Terrace is a gated community offering a pool, spa, fitness center, BBQ area, on-site management, car wash area, community laundry, and photovoltaic solar to help reduce electricity costs. All buildings received new roofs in 2024. Conveniently located near Waikoloa Village shopping, dining, golf, tennis, pickleball and aquatic amenities, with the world-renowned beaches and resorts of the Kohala Coast just a short drive away. Beautifully presented, extensively equipped, top-floor, turnkey, and already operating as a successful STVR: H-208 represents outstanding value in Waikoloa Village.

68-3831 Lua Kula St Unit H208, WAIKOLOA

Listing courtesy of Knutson & Associates.

68-3831 Lua Kula St Unit K205, WAIKOLOA
$325,000
2 Beds ⋅ 2 Baths ⋅ 733559 MLS ⋅ ['Fee Simple'] Tenure ⋅ Fairway Terrace BLDG.
Renovation Opportunity in Gated Fairway Terrace! Bring your vision and unlock the potential of this 2-bedroom, 2-bathroom fixer-upper condo located in the desirable gated community of Fairway Terrace in Waikoloa Village. This property offers a fantastic opportunity for buyers looking to build equity, investors seeking their next project, or anyone ready to create a personalized island retreat. The functional floor plan provides a solid foundation for renovation and customization, allowing you to transform the space to match your style and needs. Priced to reflect its condition, this condo offers tremendous value in one of Waikoloa Village's most sought-after communities. Residents of Fairway Terrace enjoy a variety of on-site amenities, including a pool, hot tub, fitness room, and dedicated parking space. Ownership also includes membership in the Waikoloa Village Association, featuring access to the Robert Trent Jones Jr. golf course, tennis courts, and a swimming lap pool. Conveniently located just a short drive from the Kohala Coast's world-famous beaches, this property is close to white sand beaches, ocean activities, shopping, dining, and entertainment. Whether you're searching for a primary residence, vacation getaway, or investment property, this renovation opportunity offers endless possibilities in a prime Big Island location. Sold As-Is. Bring your contractor and imagination!

68-3831 Lua Kula St Unit K205, WAIKOLOA

Listing courtesy of Big Island Living.

68-3883 Lua Kula St Unit 607, WAIKOLOA
$469,999
2 Beds ⋅ 2 Baths ⋅ 733643 MLS ⋅ ['Fee Simple'] Tenure ⋅ Elima Lani Condominiums BLDG.
Welcome to Elima Lani #607 in Waikoloa Village! Enjoy a desirable location within the complex with peaceful views of Kohala mountain, Maui, peek-a-boo of the ocean, overlooking the Waikoloa Village Golf Course 18th hole, lush gardens, mature trees, and lake—with no parking lot or street directly in your view just breathtaking scenery. Relax on your private lanai and take in the open surroundings and refreshing Waikoloa breezes. This move-in-ready condo features thoughtful updates including modernized cabinetry and lighting, bidets, laminate flooring, blinds, blackout curtains, vaulted ceilings,updated kitchen appliances, new lanai flooring, a new water heater, and brand-new washer and dryer. High ceilings and a spacious layout create a bright and comfortable living space. The unit's designated parking is conveniently located near the entry, and the condo is just steps from the pool, hot tub, and mailbox area. Elima Lani is ideally situated in Waikoloa Village, offering convenient access to shopping, dining, golf discounts, community amenities, and the beautiful beaches and resorts of the Kohala Coast. Whether you're looking for a primary residence, second home, or investment opportunity, Elima Lani #607 offers a Dog-friendly, wonderful combination of location, views, updates, and convenience. Vacant, move-in ready, and easy to show!

68-3883 Lua Kula St Unit 607, WAIKOLOA

Listing courtesy of Knutson & Associates.

68-3831 Lua Kula St Unit M206, WAIKOLOA
$385,000
1 Beds ⋅ 1 Baths ⋅ 733354 MLS ⋅ ['Fee Simple'] Tenure ⋅ Fairway Terrace BLDG.
Welcome home to this lovely, remodeled and furnished condo! Located in the M building, perched in the upper section of Fairway Terrace, you have a gated entrance and deeded parking space. Walking into the condo, you're greeted with warm aloha in the quality furnishings and decor. This condo comes furnished and is currently an active STVR. A nicely renovated kitchen with stainless appliances awaits you. In-condo laundry room is conveniently located off the kitchen. The bedroom offers a king sized mattress, cozy furniture which maximizes space and a sleek, modern bathroom with a spacious countertop. The walk-in closet provides ample amounts of shelving and hanging space. There is a standup AC unit in the bedroom to use but lots of people love to open the windows and enjoy the Waikoloa breeze. Fairway Terrace amenities offer residents a pool, hot tub, fitness room and bbq grills. This gated community is situated in Waikoloa Village where you also are a member of the Waikoloa Village Association with access to the community lap pool, tennis courts and Robert Trent Jones II designed golf course.

68-3831 Lua Kula St Unit M206, WAIKOLOA

Listing courtesy of Big Island Living.

68-3924 Ehu Kai Loop Unit 3203, WAIKOLOA
$445,000
2 Beds ⋅ 2 Baths ⋅ 732202 MLS ⋅ ['Fee Simple'] Tenure ⋅ Makana Kai At Wehilani - Ph I BLDG.
This inviting, well situated, 2 bedroom, 2 bath second-floor end unit is light and airy providing both mauka breezes and sunlight. This home is designed to incorporate bright, open interior spaces and comfortable outdoor areas, all while maintaining privacy. The lanai, living room, and bedrooms all face south east where you can enjoy seeing the sun rise over Mauna Kea and beautiful sunset colors reflecting off of the mountains and clouds. This end unit has nicely maintained laminate floors with plantation shutters and is being sold turnkey furnished. There is a large washer, dryer and hot water heater in the lockable storage area on the lanai. Waikoloa Village, community has amenities such as a community pool, tennis courts, a world class golf course, as well as a wide selection of shopping and dining opportunities. The famed Kohala Coast, is a short drive away and where the finest beaches on the island can be found. Owners at Makana Kai at Wehilani enjoy some of the lowest maintenance fees in all of Waikoloa Village, assigned parking, and a pet-friendly policy with Board Approval (with limitations). Short-term vacation rentals are not allowed. Maintenance fee's include: Trash removal Sewer Private Water Common area maintenance and landscaping Mail box This unit has 2 parking spaces (#381 and #382).

68-3924 Ehu Kai Loop Unit 3203, WAIKOLOA

Listing courtesy of COMPASS.

68-3883 Lua Kula St Unit 906, WAIKOLOA
$429,999
2 Beds ⋅ 2 Baths ⋅ 732942 MLS ⋅ ['Fee Simple'] Tenure ⋅ Elima Lani Condominiums BLDG.
Discover Your Dream Home in Waikoloa Village Welcome to Elima Lani #906, a beautifully upgraded two-bedroom, two-bathroom condo in the highly sought-after Elima Lani complex. Nestled in the heart of picturesque Waikoloa Village, this second-floor unit offers a spacious 854 sq. ft. interior with soaring vaulted ceilings that create an airy, open feel. Step inside to find upgrades and thoughtful enhancements throughout. Engineered hardwood flooring extends seamlessly from the living area to the enclosed lanai, where you can enjoy breathtaking views of Mauna Kea Mountain in complete privacy. From the front entrance lanai, take in partial ocean views and a unique perspective of the Waikoloa Village golf course tee-off. Upgrades & Features You'll Love: ✔ Updated bathrooms – stylish showers/tubs, countertops, sinks, faucets & toilets ✔ Engineered hardwood flooring – throughout the interior and enclosed lanai ✔ Upgraded kitchen appliances – including a 2019 refrigerator, microwave hood, and stove ✔ New water heater (2020) & upgraded electrical panel ✔ Recessed lighting in the living room & primary bedroom ✔ Custom closet organizers for smart storage ✔ Large-capacity stacked washer/dryer ✔ Freshly painted interior ✔ And much more! Resort-Style Living in Elima Lani Elima Lani offers two sparkling community pools and two relaxing hot tubs, perfect for unwinding after a day of adventure. Pet-friendly policies make this an excellent choice for animal lovers, and the HOA ensures a peaceful residential atmosphere by not permitting short-term rentals. Prime Location – Everything You Need at Your Doorstep This condo is just minutes from: 🏡 Waikoloa Village Highlands Center – Shopping, dining, post office & bank ⛳ Waikoloa Golf Course – Enjoy world-class golfing steps from your home 🛍 New shopping plaza – Expanding convenience and entertainment options 🏖 Best beaches on the island – Just a 15-minute drive to paradise!

68-3883 Lua Kula St Unit 906, WAIKOLOA

Listing courtesy of Coldwell Banker Island Properties - Kamuela.

68-3928 Ehu Kai Loop Unit 3303, WAIKOLOA
$499,000
2 Beds ⋅ 3 Baths ⋅ 732855 MLS ⋅ ['Fee Simple'] Tenure ⋅ Makana Kai At Wehilani - Ph I BLDG.
Welcome to this beautifully refreshed first-floor residence at Makana Kai at Wehilani. One of the more desirable features of this home is its rare first-floor location with dedicated outdoor space, offering an inviting extension of the living area and an opportunity to enjoy the island's indoor-outdoor lifestyle. Thoughtfully updated and move-in ready, this residence features new flooring throughout, new appliances, including a washer and dryer, new window coverings and more. This 2-bedroom, 2.5-bath home offers 1,017 square feet of living space, with maintenance fees notably lower than comparable properties in the area. Adding to its rarity, the unit comes with two dedicated parking stalls, a feature not commonly found among neighboring properties. Ideally situated just before the main intersection of Waikōloa, the community is within walking distance of Johnny's Restaurant. Residents also enjoy access to the Waikōloa Village Association, offering golf discounts, pools, and tennis facilities.

68-3928 Ehu Kai Loop Unit 3303, WAIKOLOA

Listing courtesy of Coldwell Banker Island Properties - Kamuela.

68-3831 Lua Kula St Unit E104, WAIKOLOA
$320,000
1 Beds ⋅ 1 Baths ⋅ 732688 MLS ⋅ ['Fee Simple'] Tenure ⋅ Fairway Terrace BLDG.
E Komo Mai, come and see your new peaceful and tranquil home in a good location in desirable gated community. This is a great deal priced to sell and won't last long. Well priced and maintained ground floor unit fronting golf course in a good location in Building E of the gated community of Fairway Terrace. This condo unit features a new dishwasher, new vinyl windows in the bedroom, walk-in closet in the bathroom, and convenient laundry room off kitchen. The cozy living room and bedroom has wood laminate floors with tiled floors in the kitchen and bathroom. For safety and security the unit has a Vivint security/camera/smart lock system installed.

68-3831 Lua Kula St Unit E104, WAIKOLOA

Listing courtesy of COMPASS.

68-3907 Paniolo Ave Unit 204, WAIKOLOA
$424,950
2 Beds ⋅ 2 Baths ⋅ 732641 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waikoloa Hills Condo BLDG.
Enjoy the relaxed lifestyle of Waikoloa Village from this two-story condominium in the well-maintained Waikoloa Hills complex. Designed with a comfortable, functional layout, the home welcomes you through a ground-floor entry into a spacious living room filled with natural light and a wood-burning fireplace. The kitchen features convenient bar seating and connects naturally to the living area, while generous under-stair storage provides valuable space for everyday belongings. Oversized sliding doors open to a large, tiled lanai, creating an easy transition between indoor and outdoor living. Upstairs, the primary bedroom offers ample space and stunning mountain views with an ensuite bathroom for added convenience and privacy. A second bedroom with a private balcony overlooks the golf course, with a second bathroom just down the hall. A short stroll from the unit, the community pool and hot tub provide a welcoming place to unwind and enjoy the year-round island climate. Waikoloa Village offers convenient access to shopping, restaurants, golf, and everyday amenities, with many of life's essentials just minutes away. Residents are members of the Waikoloa Village Association, offering access to a world-class golf course, an aquatic center, tennis and pickleball courts, equestrian stable, event facilities, and more. Bring your vision to life at Waikoloa Hills. With a comfortable layout and a great foundation to build upon, this condo offers the opportunity to add your own personal touches and create a space that feels uniquely yours.

68-3907 Paniolo Ave Unit 204, WAIKOLOA

Listing courtesy of Hawaii Life.

68-3840 Lua Kula St Unit D104, WAIKOLOA
$500,000
1 Beds ⋅ 1 Baths ⋅ 732674 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waikoloa Villas Ph I & Ii BLDG.
🌺 Waikoloa Villas D-104 – Turnkey Short-Term Vacation Rental 🌴 Beautifully updated and offered fully furnished, this spacious ground-floor 1-bedroom, 1-bath condominium is truly move-in ready. Whether you're looking for a primary residence, a second home, or a short-term vacation rental, this property offers exceptional flexibility in the heart of Waikoloa Village. Enjoy seamless indoor-outdoor living with a generous lanai offering ample storage and partial ocean views — perfect for morning Kona coffee ☕ or sunset evenings 🌅. Waikoloa Villas sits along the 9th fairway of the Robert Trent Jones Jr.–designed championship golf course ⛳ and features lush tropical landscaping, multiple pools, and spa areas. ✨ Beautifully Updated Kitchen: ➡️ DeWils cherry cabinets with soft-close hardware ➡️ Quartz countertops ➡️ KitchenAid stainless steel appliances ➡️ Excellent storage and prep space 🛁 Spa-Inspired Bathroom: ➡️ Walk-in shower ➡️ Corian countertop with under-mounted sink ➡️ DeWils cherry vanity ➡️ Luxury-height toilet ➡️ Updated lighting & fixtures 🌟 Additional Highlights: ➡️ On-demand hot water heater ➡️ Plantation shutters & custom window coverings ➡️ Wall-to-wall ceramic tile flooring throughout ➡️ Ground-floor convenience Ideally located within Waikoloa Villas, residents enjoy beautifully maintained tropical grounds, multiple pools and spa areas, and easy access to golf, shopping, dining, and some of the Big Island's most spectacular white-sand beaches. Whether you're searching for an island getaway, investment opportunity, or full-time residence, D-104 is ready to welcome you home. ⭐ Being offered fully furnished, you can begin enjoying island living from day one without the time and expense of furnishing a second home. ⭐ Membership in the Waikoloa Village Association includes access to the aquatic center, tennis courts, pickleball, and discounted golf rates 🎾🏊‍♀️

68-3840 Lua Kula St Unit D104, WAIKOLOA

Listing courtesy of Premier Island Properties LLC.

68-1761 Melia St Unit B4BS2, WAIKOLOA
$255,000
1 Baths ⋅ 732283 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waikoloa Village Condominiums BLDG.
The best-priced condo in Waikoloa Village! Seller offering to give credit worth three (3) months of HOA dues at closing. Wake up to peaceful fairway views and stunning sunsets from this beautifully updated ground-floor studio, where resort-style living meets exceptional investment potential. Fully licensed as a Short-Term Vacation Rental (STVR), this turnkey property is ideal as a vacation getaway, income-producing investment, or low-maintenance island home. With an open-concept layout, the studio has island-inspired finishes, custom cabinetry, partial air conditioning, and the convenience of an in-unit stacked washer and dryer. The enclosed lanai expands the living space, creating a private retreat complete with lava rock accents and a hanging loveseat overlooking the golf course. With an established vacation rental history and outstanding guest reviews, this property is ready to generate income from day one. Its lock-and-leave convenience makes ownership effortless for part-time residents, snowbirds, golfers, and investors alike. Owners and guests enjoy access to the Waikoloa Village Association amenities, including a community pool, tennis and pickleball courts, discounted golf, restaurants, and a mobile library. Just a short drive away are the world-renowned beaches of Hapuna and Mauna Kea, the luxury resorts of Mauna Lani and Waikoloa Beach Resort, championship golf, shopping, dining, and the best of the Kohala Coast. Property Highlights: • Licensed Short-Term Vacation Rental (STVR) • Lowest-priced unit in the complex • Golf course frontage with sunset views • Ground-floor location • Enclosed lanai with lava rock accents & hanging loveseat • Partial A/C and custom cabinetry • Strong rental history with excellent guest reviews • Minutes to beaches, resorts, golf, shopping & dining One of Waikoloa Village's best values offering the perfect blend of location, lifestyle, and income potential.

68-1761 Melia St Unit B4BS2, WAIKOLOA

Listing courtesy of Hawaii Development Group.

68-3831 Lua Kula St Unit C202, WAIKOLOA
$379,000
2 Beds ⋅ 2 Baths ⋅ 731738 MLS ⋅ ['Fee Simple'] Tenure ⋅ Fairway Terrace BLDG.
Welcome to Fairway Terrace in Waikoloa Village. Unit C202 is a top floor condo with newly painted interiors natural light streaming through the updated windows. The kitchen features granite countertops and opens up to the dining and living rooms. There is an in-unit washer/dryer and both a jetted tub and a walk-in shower between the two bathrooms. Owners have access to fantastic community amenities, including a sparkling swimming pool, a relaxing spa, and a well-equipped workout room. Plus, say goodbye to searching for a parking spot; this unit comes with its own dedicated covered parking space. Whether you’re looking for a peaceful home base or a stylish island getaway, this move-in-ready gem offers the perfect blend of comfort and convenience. Walk to the golf course, tennis courts/pickleball courts, the Waikoloa Community pool, and restaurant.

68-3831 Lua Kula St Unit C202, WAIKOLOA

Listing courtesy of COMPASS.

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