Makiki Homes with Leasehold Land tenure

Welcome to Makiki, a charming neighborhood nestled in the heart of Honolulu, Oahu. Renowned for its lush landscapes and vibrant community spirit, Makiki offers a unique blend of urban convenience and natural beauty. Here, you’ll find tree-lined streets, serene parks, and a delightful mix of residential options that cater to various lifestyles.

One of the defining features of homes in Makiki is the availability of leasehold land tenure. This means that while you can own the home itself, the land it sits on is leased, often leading to more affordable housing options in this desirable area. This unique arrangement allows residents to enjoy the benefits of living in a prime location without the hefty price tag typically associated with freehold properties.

The neighborhood is conveniently located just a short drive from downtown Honolulu, making it easy for residents to access shopping, dining, and entertainment. Makiki is also home to several parks, including the popular Makiki Valley State Recreation Area, which offers hiking trails and lush scenery for outdoor enthusiasts. Families will appreciate the proximity to excellent schools and community resources, making it a wonderful place to raise children.

With a diverse array of homes, from charming single-family houses to modern condominiums, Makiki provides a welcoming atmosphere for everyone. Whether you’re a first-time homebuyer or looking to invest in a slice of paradise, the Makiki neighborhood is a hidden gem that promises an enriching lifestyle in the heart of Honolulu. Come explore the possibilities and discover why so many are proud to call Makiki home!

Newest Makiki Homes with Leasehold Land tenure

$430,000

2 Beds ⋅ 1 Baths ⋅ 202615773 MLS ⋅ LH - Leasehold Tenure ⋅ 3 DOM ⋅ 1448 Young St BLDG.

Updated (no original cabinets) and well maintained...ready to move in. End unit on the Makai /Ewa end of the bldg. Bulding has fire sprinklers. Bathroom has a window so no noisy vents. Good use of space NEW Refrigerator and Microwave Hood.

Honolulu

$298,000

1 Beds ⋅ 1 Baths ⋅ 202615455 MLS ⋅ LH - Leasehold Tenure ⋅ 8 DOM ⋅ 1448 Young St BLDG.

Experience the perfect blend of urban convenience and affordable city living in this beautifully efficient 1-bedroom, 1-bathroom leasehold condo located at 1448 Young St #804. Perched on the 8th floor, this 415-square-foot residence offers a smart, functional layout that maximizes every inch of space, making it an excellent opportunity for first-time buyers, urban professionals, or investors looking for a well-located property in Honolulu.Built in 1999, the secure building provides exceptional peace of mind with a secured parking garage, an on-site resident manager, a dedicated security guard, and ample guest parking—a highly coveted amenity in the metro area. The property features a remarkably stable leasehold structure, boasting a long-term ground lease with the City & County of Honolulu that runs through January 2064, with the lease rent set at just $1 per year until the 2029 renegotiation.

1448 Young Street Unit 804, Honolulu

$199,000

1 Beds ⋅ 1 Baths ⋅ 202612480 MLS ⋅ LH - Leasehold Tenure ⋅ 52 DOM ⋅ Pakalana BLDG.

This leasehold one bedroom one bath unit offers comfortable living with a functional layout, natural light, and one dedicated parking stall. Centrally located in Makiki with easy access to H-1 East and West, making it perfect for commuters. Close to super markets, restaurants, parks, and public transportation.

1571 Piikoi Street Unit 1503, Honolulu

$247,000

2 Beds ⋅ 2 Baths ⋅ 202610209 MLS ⋅ LH - Leasehold Tenure ⋅ 86 DOM ⋅ Admiral Thomas Apts BLDG.

Step into refined island living at the iconic Admiral Thomas, where comfort meets convenience in the heart of Honolulu. As you enter, expansive windows immediately draw you in—framing stunning views of the mountains, city skyline, and Pacific Ocean while filling the space with natural light. This 2-bedroom, 2-bath residence with two parking stalls offers a seamless blend of function and style. Enjoy cool, air-conditioned interiors after a day in the sun, or take advantage of the building’s resort-style amenities—swim, relax in the jacuzzi, or enjoy a game on the pickleball court. With a pet-friendly setting and ample guest parking, everyday living and entertaining feel effortless. Located just minutes from the Honolulu Museum of Art, Neal Blaisdell Center, and the vibrant neighborhoods of Kaka?ako, Ala Moana, and Downtown Honolulu, you’re perfectly positioned for work and play. With easy freeway access, utilities included in the maintenance fee, and a leasehold secured through 2046, this home delivers exceptional value. Come experience the lifestyle for yourself.

1221 Victoria Street Unit 1705, Honolulu

$379,900

2 Beds ⋅ 1 Baths ⋅ 202608874 MLS ⋅ LH - Leasehold Tenure ⋅ 107 DOM ⋅ 1448 Young St BLDG.

A well maintained unit in a newer building that is ideally located in the Makiki neighborhood with convenient access to parks, shopping, dining and medical centers. With secured entry to the building, and one unassigned parking along with ample guest parking, visitors and workmen are well accommodated. The convenience of the 2nd floor location provides the owners the option of using the stairs for entry to the unit. The property is in a pretty setting and has the benefits of a newer constructed building. It is a leasehold property with exceptionally low lease rent of only $1.00 per year until 2029 after which the lease will be renegotiated. The unit itself is bright and cheerful and well laid out. No pets are allowed. Seller cannot close the sale prior to Sept. 1, 2026.

1448 Young Street Unit 203, Honolulu

$305,000

1 Beds ⋅ 1 Baths ⋅ 202607591 MLS ⋅ LH - Leasehold Tenure ⋅ 122 DOM ⋅ 1448 Young St BLDG.

Conveniently Located, Secured Building, Secured Parking, Lots of Guest Parking, Security, Fire Sprinklers, Reasonable Maintenance Fees, Ridiculously Low Lease Rent, and Lease until 2064. Does this sound appealing? This 1 bedroom 1 bath unit might be the perfect fit for you. Why don't you come and take a look if this is the right unit for you. (Bedroom count does not match tax records.)

1448 Young Street Unit 304, Honolulu

$45,000

202603362 MLS ⋅ LH - Leasehold Tenure ⋅ 182 DOM ⋅ Interstate Bldg BLDG.

A prime corner unit at the Interstate Building offers the perfect opportunity to establish your business in a professional and highly desirable location. This exceptional office space includes a covered parking stall and features expansive city views that your clients will appreciate from the moment they arrive. Designed with flexibility in mind, the interior walls are demisable, allowing you to reconfigure the layout to suit your unique business needs and workplace style. Whether you prefer an open-concept design or private offices, this space can easily be customized to support your vision. The Interstate Building provides convenient access from both King Street and Young Street, making it easy for clients and employees alike. Visitor parking is available within the building. Utilities are included in the monthly maintenance fee, and the building offers 24/7 security and access. Public restrooms on every floor for ease and comfort. An owner is responsible for cable/internet, property taxes, and lease rent to the lessor. Begin the next chapter of your business in this well-maintained, centrally located office space that combines flexibility, convenience, and professional appeal.

1314 S King Street Unit 1464, Honolulu

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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.