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Leasehold condo living on the Leeward Coast of Oahu offers an affordable opportunity to experience the laid-back Hawaiian lifestyle in a picturesque setting. The Leeward Coast is known for its stunning beaches, crystal-clear waters, and abundant outdoor recreational activities. As a leasehold condo owner, you can enjoy the beauty of this coastal region while benefiting from a lower price point compared to freehold ownership. With convenient access to hiking trails, water sports, and local attractions, leasehold condos on the Leeward Coast provide an appealing option for those seeking a relaxed and affordable island living experience.

Leasehold Condos For Sale - Leeward Oahu

$170,000
4 Beds ⋅ 2 Baths ⋅ 202611075 MLS ⋅ LH - Leasehold Tenure ⋅ 52 DOM ⋅ Ulu Wehi BLDG.
Great First-Time Homebuyer Opportunity! Become a homeowner today! This beautifully maintained LEASEHOLD property is priced well below market value—an incredible opportunity you don’t want to miss. Featuring the desirable single-level layout with carport, 4 bedrooms, and 1.5 bathrooms, this home offers comfortable and spacious living at an affordable price point. With the option to extend the current lease through 2055, and eligibility for Conventional, VA, FHA, and USDA financing, this home provides flexibility for a wide range of buyers. Recently renovated in 2023, it’s move-in ready—no need to leave the island to find value like this! Conveniently located near schools, shopping, dining, and just minutes from stunning Westside beaches, this home combines lifestyle and value. Schedule a showing today!

85-260 Ala Hema Street Unit D, Waianae
$480,000
1 Beds ⋅ 2 Baths ⋅ 202610307 MLS ⋅ LH - Leasehold Tenure ⋅ 64 DOM ⋅ Hawaiian Princess BLDG.
Large corner unit on the 9th floor with panoramic views from every window, high enough up to take advantage of the ocean breezes. Has great bones and unit was remodeled in the past and with a little of your own imagination you can make this beautiful space your own. Come see and make us an offer. We have a special assessment, please ask for a handout to explain.

84-1021 Lahilahi Street Unit 908, Waianae
$129,950
4 Beds ⋅ 2 Baths ⋅ 202608147 MLS ⋅ LH - Leasehold Tenure ⋅ 97 DOM ⋅ Ulu Wehi BLDG.
Single level with covered parking! Unlock the potential of this leasehold opportunity - with the option to extend the lease through 2055 when financed with a mortgage. This spacious unit has a generous living area, ideal for everyday living, with a functional layout for a variety of living needs. The low-maintenance outdoor spaces offer privacy and space for outdoor enjoyment. This property is a great opportunity for owner-occupants and investors, and it is ideal for adding value through updates and improvements. Ideally situated near schools, shopping, and some of the area's most beautiful beaches, you'll enjoy easy access to ocean activities and the relaxed island lifestyle. A rare chance to secure a home at an attractive entry point and make it your own!

85-105 Ala Akau Street Unit J, Waianae
$225,000
3 Beds ⋅ 2 Baths ⋅ 202606047 MLS ⋅ LH - Leasehold Tenure ⋅ 101 DOM ⋅ Ulu Wehi BLDG.
Move right into this freshly updated, budget-friendly 3-bedroom, 1.5-bath townhouse—an exciting first step into homeownership! With brand new flooring throughout and fresh paint from top to bottom, you’ll enjoy a clean, modern feel from day one. Step outside to a fully fenced backyard—ideal for weekend BBQs, pets, play, and easy outdoor entertaining. It’s a smart, accessible purchase for first-time buyers, with room to grow and long-term potential. Lease rent is currently $74.16/month through 2029. The lease may be extended to 2055; if extended, monthly lease rent will be approximately $830.00/month-offering a clear path to longer-term stability. Eligible for multiple financing options, including FHA Spot loans and Conventional financing. See supplements for a copy of the Extended Lease Approval dated 2/26/26 and Special Assessment $127.00/Month until November 2026.

85-114 Ala Walua Street Unit B, Waianae
$109,950
3 Beds ⋅ 2 Baths ⋅ 202607654 MLS ⋅ LH - Leasehold Tenure ⋅ 104 DOM ⋅ Ulu Wehi BLDG.
Unlock the potential of this leasehold opportunity with the option to extend the lease through 2055 when financed with a mortgage. This spacious two-story unit features a generous living area on the main level, complete with a convenient half bath - perfect for everyday living and entertaining. Upstairs, you'll find three comfortable bedrooms and a full bath, providing a functional layout for a variety of living needs. The low-maintenance outdoor spaces offer privacy and space for outdoor enjoyment. An incredible opportunity for both owner-occupants and investors alike, this property is ideal for those looking to add value with updates and improvements. Ideally situated near schools, shopping, and some of the area's most beautiful beaches, you'll enjoy easy access to ocean activities and the relaxed island lifestyle. A rare chance to secure a home at an attractive entry point. Ideal for buyers ready to make it their own.

85-128 Ala Walua Street Unit B, Waianae
$474,000
1 Beds ⋅ 2 Baths ⋅ 202606952 MLS ⋅ LH - Leasehold Tenure ⋅ 114 DOM ⋅ Hawaiian Princess BLDG.
Well maintained, fully former remodeled beachfront condo unit. Fully furnished and supplied. Being sold AS-IS. There is a special assessment this year to rebuild our reserve's ask for a handout at time of showing. Recent Price reduction.

84-1021 Lahilahi Street Unit 608, Waianae
$121,000
2 Beds ⋅ 1 Baths ⋅ 202605790 MLS ⋅ LH - Leasehold Tenure ⋅ 131 DOM ⋅ Makaha Valley Pltn BLDG.
Furnished and ready to enjoy, step into the relaxed rhythm of island living with this LEASEHOLD two-bedroom condo in the lush and scenic Makaha Valley Plantation. The lease extends through 2074, with the option to purchase the fee if desired, offering an excellent opportunity to enjoy the Makaha lifestyle at an accessible price point. Inside, the home is bright and welcoming with an open living and dining area, stainless steel appliances, and updated kitchen and bath finishes that add comfort and style. Step out onto your spacious lanai, shaded by swaying palm trees for added privacy—perfect for morning coffee or relaxing in the peaceful valley surroundings. Makaha Valley Plantation is a gated, beautifully landscaped community offering two swimming pools, a tennis court perfect for pickleball, a basketball court, BBQ areas, and 24-hour security, all surrounded by the dramatic beauty of the Waianae Mountains. Conveniently located near the entrance and amenities, and just minutes from world-famous Makaha beaches for swimming, surfing, snorkeling, and breathtaking sunsets. Priced to sell!

84-754 Ala Mahiku Street Unit 45A, Waianae
$225,000
4 Beds ⋅ 1 Baths ⋅ 202604734 MLS ⋅ LH - Leasehold Tenure ⋅ 152 DOM ⋅ Ulu Wehi BLDG.
This leasehold single-level home shows as a 5-bedroom and offers a lot of flexibility for different living situations. The layout gives you extra room to spread out, whether you need more bedrooms, space for guests, or a work-from-home setup. The fenced yard is great for pets, and the oversized carport and extra storage make day-to-day living a little easier. It is move-in ready, with the chance to make updates over time and really make it your own. Located in a welcoming community, this is a great opportunity for someone looking for space, function, and value. Renting? This is a great option to own your own space with a long lease until 2055!

85-135 Ala Akau Street Unit H, Waianae
$60,000
2 Beds ⋅ 1 Baths ⋅ 202601075 MLS ⋅ LH - Leasehold Tenure ⋅ 180 DOM ⋅ Kahe Kai BLDG.
Corner unit two-bedroom, one-bath apartment located in the Kahe Kai complex. This unit features two assigned tandem parking stalls (A-94 & A-95). Conveniently situated near sandy beaches, parks, restaurants, and shopping areas, offering easy access to everyday amenities and outdoor recreation. Leasehold tenure with approximately 7 years remaining on the lease. Fee purchase is not available at this time. An excellent opportunity for those seeking to live in Nanakuli area or explore rental potential within the community.

87-122 Helelua Street Unit C201, Waianae
$178,900
3 Beds ⋅ 2 Baths ⋅ 202528454 MLS ⋅ LH - Leasehold Tenure ⋅ 212 DOM ⋅ Ulu Wehi BLDG.
Step into an affordable first home that delivers comfort, ease, and a great start to your homeownership journey. This newly remodeled two story townhome provides a comfortable layout, a fully fenced backyard and two dedicated parking stalls! Freshly painted with brand new flooring and stainless steel appliances! Enjoy financial peace of mind with the option to extend the lease for mortgage purposes to 2055. Current monthly Lease rent is $82.25 until April 9,2030. Whether you're starting a family or looking to invest in your future, this is the smart choice for those seeking value and a place to call home! See Supplements for Lease Extension Terms and Special Assessment $127/Month to November 2026.

85-152 Ala Walua Street Unit B, Waianae
$120,000
1 Baths ⋅ 202523243 MLS ⋅ LH - Leasehold Tenure ⋅ 293 DOM ⋅ Makaha Valley Towers BLDG.
Partly Furnished Leasehold Studio 1 bath unit located in the beautiful majestic Makaha Valley. This older unit has ceramic tile throughout offering a low maintenance living space. It has been newly painted. Enjoy the stunning mountain and ocean views right from your window or lanai. The community offers convenient amenities such as community laundry facilities, 24hr onsite security, a heated swimming pool, picnic area with gas bbq grills as well as elevators for easy access. The well landscaped property provides a serene environment for residents to relax and unwind. There is a seasonal peacocks calls during mating season. Maintenance fees includes hot water, cold water, sewer, central ac, electricity, basic cable and internet. You just need to rent your own modem and cable box. Don't miss out on this opportunity to own a slice of paradise.

84-710 Kili Drive Unit C712, Waianae
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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.