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Mike Bates

Mike Bates

REALTOR®-Associate
808-548-1220
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Leasehold homes

Hawaii leasehold single family homes for sale

Here are some homes throughout Oahu that are leasehold properties.  Please bear in mind, leasehold property owners pay lease rent in addition to their mortgage and taxes.  Lease terms must be longer than the mortgage, e.g. a lease must have 30+ years left for a buyer to obtain a 30 year mortgage on the property.  See our Hawaii leasehold property guide for more information.

Some listings say "must be 50% Hawaiian," they are Department of Hawaiian Homelands (DHHL) properties.  They are leased to those persons who have documented Hawaiian ancestry - at least 50%.  Each purchase is reviewed and approved by the Department of Hawaiian Homelands (DHHL).  If a buyer does not have documented evidence of Hawaiian ancestry, the DHHL will not approve the sale.

Q. Why would anybody buy a leasehold property?  A. Because the initial purchase price is less than a fee simple purchase price. 

Q. What's the catch to buying leasehold?  A. You don't own it forever.  When you buy leasehold, the lease has a specific time period that you will possess the property. 

Oahu's DHHL homes locations

  1. Waianae - from Nanakuli to Makaha, has the most DHHL homes for sale and they tend to be older.  Some are tear-downs.
  2. Kapolei - has newer homes DHHL homes, usually in move-in condition.
  3. Papakolea - in Honolulu, tends to have older homes.  The location is popular because it's right in town.
  4. Waimanalo - has DHHL homes and also Hawaii Housing Finance and Development (HHFDC) homes.  HHFDC homes are a good deal with favorable leases however the fee simple interests are not available.
  5. Windward Oahu - occasionally has DHHL homes listed for sale.  They are few and far between.  Many leasehold listings in the windward area are Bishop Estate aka Kamehameha Schools with very high lease rent and the fee simple interest, if available, is very pricey.

View all Oahu leasehold homes for sale

This is just a sample of the properties available.  Please fill out our contact form to see more leasehold property listings.

Also checkout our Hawaii leasehold condos page.

More information about Hawaiian Homelands

The Hawaiian Homes Commission Act became U.S. law in 1921. The United States set aside approximately 200,000 acres of Hawaiian land for native Hawaiians through a government sponsored homesteading program. 

Eligibility - Persons with at least 50% Hawaiian ancestry may apply for and purchase a long term lease from the Department of Hawaiian Homelands (DHHL).  Persons with at least 25% but less than 50% Hawaiian may acquire DHHL property from a spouse or sibling who is 25% or more Hawaiian or from a parent or grandparent who is 50% or more Hawaiian.

Simultaneous transfers - For prospective buyers with 25% Hawaiian ancestry, a parent or grandparent with at least 50% Hawaiian ancestry can acquire a property and simultaneously transfer it to their child or grandchild who is at least 18 years of age. The ultimate recipient (child or grandchild) would apply for the mortgage loan, if any.  The parent or grandparent initiating the transfer does not need to qualify for the mortgage loan.


25 Results Days on Site (new to old)
4
$280,000 New For Sale
89-1114 Puawiliwili Place
Waianae, HI 96792
3 beds, 2 baths | Single Family Home
1,212 sq ft; lot: 8821 sq ft
5
$290,000 New For Sale
86-301 Hokupaa Street
Waianae, HI 96792
3 beds, 1 full, 1 partial baths | Single Family Home
1,008 sq ft; lot: 5118 sq ft
25
$950,000 For Sale
64-4968 Uakikoni Alanui Street
Kamuela, HI 96743
2 beds, 2 full, 2 partial baths | Single Family Home
3,021 sq ft; lot: 5 acres
10
$595,000 For Sale
91-1015 Kahalepouli Street
Kapolei, HI 96707
5 beds, 3 baths | Single Family Home
1,666 sq ft; lot: 5001 sq ft
14
$590,000 For Sale
4 beds, 3 baths | Single Family Home
1,598 sq ft; lot: 5210 sq ft
5
$175,000 In Escrow Showing
85-156f Ala Walua Street
Waianae, HI 96792
6 beds, 2 baths | Single Family Home
1,581 sq ft; lot: 1420 sq ft
16
$279,900 For Sale
85-1051 Hookuikahi Street
Waianae, HI 96792
3 beds, 2 baths | Single Family Home
1,124 sq ft; lot: 3798 sq ft
13
$290,000 For Sale
91-1649 Olehala Street
Ewa Beach, HI 96706
2 beds, 2 baths | Single Family Home
912 sq ft; lot: 3001 sq ft
16
$425,000 For Sale
41551 Piohia Place
Waimanalo, HI 96795
4 beds, 1 full, 1 partial baths | Single Family Home
1,152 sq ft; lot: 8655 sq ft
14
$425,000 In Escrow Showing
750 Iaukea Street
Honolulu, HI 96813
4 beds, 2 baths | Single Family Home
1,016 sq ft; lot: 7501 sq ft
Listings 1-10 out of 25 Previous 1 2 3       Next

Mike Bates
Realtor Associate
RS-54129
Century 21 iProperties Hawaii

1585 Kapiolani Blvd #1533
Honolulu, HI 96814
Phone: 808-548-1220
Email: hawaiihomes1@gmail.com

Testimonials

Mike was awesome. He was very patient and understanding with us. There were times where we just wanted to put things on hold due to the frustration however Mike stuck in with us. We truly appreciate all that he has done for us and will definitely recommend hom to any family or friends that are looking to buy a home. Alton and Janeen K. - August 2018
Excellent customer service! We bought and sold our home with Mike, he is the best realtor in Hawaii. Jerry and Candace G. - July 2018
I was nervous as a first time home buyer, but Mike handled it really well. He was willing to work with our budget and what we need in our first investment property. I would highly recommend him. Jenny C.
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