In the world of Hawaii real estate, you’ll encounter two main types of property ownership: Fee Simple and Leasehold. While Fee Simple grants complete ownership of both the land and the building, leasehold offers a different perspective. So, what exactly is a leasehold property in Hawaii, and how does it differ from traditional homeownership?

Leasehold Concept:

Imagine renting an apartment, but for a much longer period – decades, even centuries. That’s essentially the idea behind a leasehold property. You purchase a property and acquire a deed to that property, along with the right to live in the property for a fixed term, outlined in a legal agreement called a lease. While you “own” the building or unit, you don’t own the underlying land. This ownership belongs to the land owner, who grants you the lease, which is generally a monthly fee paid by the “owner of the unit”, paid to the “owner of the land”. This monthly fee typically has a renegotiation date, and an end date. During renegotiation, the lease fee amount may be negotiated and adjusted. At the end of the lease, the land owner can opt to begin a new lease, or explore other opportunities for the use of the land.

Common Types of Leasehold Properties in Hawaii:

• Condominiums: Some condominiums in Hawaii operate on a leasehold system, with residents owning their individual units but collectively leasing the land the building sits on.

• Leasehold Houses: Less common, but available, particularly in certain developments or on government-owned land.

The Admiral Thomas Advantage: Why Consider Leasehold in This Case?

While leasehold properties do come with specific considerations, Admiral Thomas #2205 presents an exciting opportunity with unique advantages:

• Prime Location: Nestled in the heart of Honolulu, Admiral Thomas offers unparalleled convenience and access to vibrant urban life, minutes to Downtown Honolulu, Ala Moana, Kakaako, beaches, shops, restaurants, and more.

• Affordability: Compared to Fee Simple properties in similar locations, leasehold options like Admiral Thomas can offer significant upfront cost savings, making homeownership in a desirable area more attainable.

• Community and Amenities: Many leasehold communities, like Admiral Thomas, boast well-maintained common areas, swimming pool and hot tub, and security features, providing a resort-style living experience without the hefty price tag of purchasing a comparable Fee Simple property.

• Renewal Potential: Admiral Thomas’s Lease currently extends to 2046 with the potential of future extension, allowing for your enjoyment of the property for decades to come.

Remember, careful research and understanding of the lease terms are crucial before making any decision. Consult with a qualified real estate professional to ensure leasehold ownership aligns with your long-term goals and financial situation.

Explore the Possibilities at Admiral Thomas #2205:

For those seeking a vibrant urban lifestyle at an attainable price point, Admiral Thomas #2205 presents a compelling opportunity within the leasehold landscape. With its prime location, well-managed building, and potential for renewal, this property could be your gateway to paradise living in Honolulu.

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Please consult with a qualified real estate professional at Sachi Hawaii for specific guidance on leasehold properties in Hawaii.

Schedule a consultation and let Sachi Hawaii guide you through your Leasehold property purchase.

Contact Sachi Hawaii:
(808) 596-8801 | info@sachihawaii.com

Nestled amidst the verdant slopes of East Honolulu, Hawaii Loa Ridge rises above the ordinary, offering a secluded haven for those seeking unparalleled luxury and breathtaking vistas. Over 550 custom-built estates line the slopes, each a testament to the residents’ discerning taste and desire for individuality. From Mediterranean villas adorned with terracotta roofs to sleek contemporary creations showcasing expansive glass walls, the diversity of styles is as impressive as the craftsmanship. Hawaii Loa Ridge’s housing association ensures each property enjoys Pacific Ocean views that become an extension of every living space, stretching towards the horizon like an endless azure canvas.

While Hawaii Loa Ridge may be sought-after destination unto itself, its legacy extends beyond its secure boundaries. The community contributes significantly to Honolulu’s reputation as a cosmopolitan haven for the affluent, adding a touch of exclusivity and grandeur to the city’s already vibrant tapestry.

24/7 Security and Unwavering Privacy:

For those who value discretion and peace of mind, Hawaii Loa Ridge provides 24/7 security with a gated entry, while its shrouded location further heightens the sense of privacy. Residents can truly unwind and revel in the exclusivity that comes with being part of this coveted community.

Location, Location, Location:

Hawaii Loa Ridge’s prime location adds another layer of allure to its already impressive offerings. Nestled amidst lush greenery, it’s just a stone’s throw from the pristine sands of Hanauma Bay and Kawaikui Beach Park, offering residents easy access to island-style adventures and water sports.

For those seeking urban excitement, Honolulu’s vibrant downtown is a mere 15-minute drive away, putting the best of shopping, dining, and cultural experiences within easy reach. This superb positioning allows residents to seamlessly blend the tranquility of their secluded haven with the convenience and dynamism of city life, making Hawaii Loa Ridge a truly unparalleled address.

Sachi Hawaii Knows Hawaii Loa Ridge:

Sachi Hawaii, with 40 successful transactions in this prestigious community, holds the key. Unlock stunning villas, hidden gems, and seamless transactions – for buyers and sellers. We go beyond listings, connecting you to the soul of Hawaii Loa Ridge. Sachi Hawaii holds the record for highest-ever sale in Hawaii Loa Ridge, and represented both buyer and seller.

Schedule a consultation and let Sachi Hawaii guide you home.

Begin Your Search:
Search Hawaii Loa Ridge Homes for Sale

Contact Sachi Hawaii:
(808) 596-8801 | info@sachihawaii.com

Update (July 10, 2024): Waiea #2101 is Now Sold by Sachi Hawaii

Perched on the 21st floor of Honolulu’s flagship Ward Village residence Waiea, unit #2101 presents a meticulously crafted haven of modern luxury. Spanning 2,377 square feet, this three-bedroom, three-and-a-half-bath condo boasts stunning views of Ala Moana Beach Park, the Pacific Ocean, and Kewalo Boat Harbor.

The residence prioritizes seamless flow and connection, where its reimagined layout designed by Honolulu’s esteemed Clifford Planning & Architecture opens up the living space to a more modern design. A Chef’s kitchen equipped with top-of-the-line Miele appliances flows seamlessly to the main living area, creating an ideal space for both culinary pursuits and elegant gatherings. Residents can retreat to the resort-style primary suite, featuring double walk-in closets and an ultra-luxe en-suite bath, for ultimate relaxation.

Beyond the walls, a spacious 366-square-foot lanai extends the living area outdoors. This expansive space blurs the line between interior and exterior living, offering panoramic ocean vistas perfect for savoring morning coffee or hosting unforgettable evenings as the sun sets.

Situated in the heart of Ward Village, residents enjoy convenient access to vibrant shops and trendy eateries, blocks from a flagship Whole Foods, with iconic Ala Moana Beach Park, just steps away.

Waiea #2101 isn’t just a luxurious condo; it’s a sophisticated residence offering an unparalleled lifestyle in the heart of Honolulu. This meticulously designed haven caters to those seeking a seamless blend of modern luxury, breathtaking views, and convenient access to everything Honolulu has to offer.

Contact Agent:
Moe Matsuda (RB-21534)
Vice President | Broker-in-Charge
(808) 753-6596
moe@sachihawaii.com