Hilo Homes with Leasehold Land tenure

Welcome to Hilo, Hawaii – a picturesque gem nestled on the eastern side of the Big Island. Known for its lush landscapes, vibrant culture, and rich history, Hilo offers a lifestyle that embraces the beauty of nature and the warmth of community. With its stunning waterfalls, scenic hiking trails, and proximity to the famous Volcanoes National Park, Hilo is a paradise for outdoor enthusiasts and those seeking a tranquil retreat.

Hilo's charming downtown area is filled with local shops, art galleries, and delightful eateries that showcase the flavors of the island. The weekly farmers' market is a must-visit, where you can find fresh produce, handmade crafts, and the friendly smiles of local vendors. The city also boasts a strong sense of community, with numerous festivals and events celebrating Hawaiian culture throughout the year.

For those considering a home in this enchanting city, it’s important to explore the unique opportunity of leasehold land tenure. Many homes in Hilo are situated on leasehold properties, which means that while you own the home, the land is leased from a landowner for a set period. This can often make homes more affordable, allowing you to enjoy the Hilo lifestyle without the hefty price tag of freehold properties.

Whether you’re looking for a charming bungalow surrounded by tropical gardens or a modern home with stunning ocean views, Hilo’s real estate market offers a variety of options to suit your needs. Embrace the spirit of aloha and make Hilo your new home – where every day feels like a vacation in paradise!

Newest Hilo Homes with Leasehold Land tenure

$200,000

3 Beds ⋅ 2 Baths ⋅ 202606069 MLS ⋅ LH - Leasehold Tenure ⋅ 138 DOM

This is a Hawaiian Homestead DHHL Land and must qualify for DHHL Homestead. Must be Native Hawaiian to purchase. Located in the heart of Keaukaha, this Hawaiian Homestead property is truly a hidden gem. Known for its strongsense of community and close proximity to the ocean, Keaukaha is one of Hilo’s most special and sought-afterneighborhoods. Just minutes from the beach and only 15 minutes to downtown Hilo, the location offers the best ofisland living. This 3-bedroom, 2-bathroom home offers a generous layout with plenty of room to grow. While thecondition is below average and will require renovation, it's a great opportunity for someone looking to restore orreimagine a property in a prime location. With some vision and effort, this could be your perfect slice of Keaukahaparadise. Buyer must be on the Hawaiian Homes List with the Department of Hawaiian Homelands.

236 Lyman Avenue, Hilo

$350,000

3 Beds ⋅ 3 Baths ⋅ 202528229 MLS ⋅ LH - Leasehold Tenure ⋅ 227 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 ⋅ 273 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 ⋅ 528 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.