Big Island Homes with Leasehold Land tenure

Welcome to the enchanting Big Island of Hawaii, where stunning landscapes and vibrant culture come together to create a true paradise. As the largest island in the Hawaiian archipelago, the Big Island offers a diverse range of experiences, from lush rainforests and breathtaking waterfalls to the stark beauty of volcanic landscapes. With its unique climate zones and natural wonders, this island is a haven for adventure seekers, nature lovers, and those looking to embrace the Aloha spirit.

One of the distinctive aspects of the real estate market on the Big Island is the availability of homes with leasehold land tenure. Unlike fee simple properties, where you own both the home and the land, leasehold properties allow you to purchase the home while leasing the land from a third party, often for a set number of years. This can be an attractive option for those seeking a more affordable entry point into the Hawaiian real estate market. Leasehold properties can provide a unique lifestyle opportunity, allowing residents to enjoy the beauty of the Big Island without the higher costs associated with land ownership.

Whether you're drawn to the vibrant town of Hilo, the luxurious resorts of Kailua-Kona, or the serene beauty of Waimea, the Big Island has something for everyone. Imagine waking up to the sound of waves crashing against the shore or the gentle rustle of palm trees in the breeze. With its rich cultural heritage and stunning natural beauty, the Big Island is not just a place to live; it’s a way of life. Explore the possibilities of owning a home on this magnificent island and discover your own piece of paradise.

Newest Big Island Homes with Leasehold Land tenure

$377,000

3 Beds ⋅ 3 Baths ⋅ 202603490 MLS ⋅ LH - Leasehold Tenure ⋅ 214 DOM

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

$350,000

3 Beds ⋅ 3 Baths ⋅ 202528229 MLS ⋅ LH - Leasehold Tenure ⋅ 262 DOM

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

101 Kilua Road, Hilo

$425,000

5 Beds ⋅ 2 Baths ⋅ 202525150 MLS ⋅ LH - Leasehold Tenure ⋅ 308 DOM

Keaukaha Hawaiian Homes-Renovated 5 bedroom, 2 baths, large 21,155 sq. ft. lot. Near Keaukaha Beach Park/ Puhi Bay in Hilo.

203 Todd Avenue, Hilo

$1,215,000

202503343 MLS ⋅ LH - Leasehold Tenure ⋅ 563 DOM

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 Avenue, Hilo

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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.