This is a leasehold property. Opportunity to revitalize a previously productive farm property with excellent soil and diverse established fruit trees. The property features a 4-bedroom, 2-bathroom main living area upstairs with a spacious lanai and comfortable living area. Each bedroom is well sized with views out over the surrounding farm land. The lower level includes a separate 1-bedroom, 1-bathroom living area, along with a large paved carport/workshop space suitable for equipment, storage, or workspace. Additional shed and workshop structures provide further room for farm operations, many constructed with durable steel framing. The farm includes a variety of mature trees including ‘ulu (breadfruit), mango, macadamia nut, jaboticaba, longan, avocado, and coffee, providing a strong foundation for continued agricultural use. The property features deep, productive soil throughout the farm, making it well suited for orchard crops or diversified agriculture. Location is well balanced for a rural lifestyle while only minutes away from the services and compliments of Captain Cook and downtown Kailua Kona. Lease allows for cultivation of truck crops, orchard crops, flowers, or nursery crops, with a minimum of 3.5 acres in productive cultivation. Permitted uses also include a farm dwelling (subject to lessor approval), processing and wholesaling of crops, and storage and retail sales of processed agricultural products. The current lease expires February 29, 2056, providing long-term use for agricultural and farm-related activities.
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Open houses
No upcoming open houses.
Around this home
Schools
K - 12
Preschool & daycare
Honaunau Elementary School
Public PreK-5 • Assigned • 1.5mi
7/10
Konawaena Middle School
Public 6-8 • Assigned • 6.1mi
5/10
Konawaena High School
Public 9-12 • Assigned • 6.0mi
4/10
Provided by GreatSchools
About
Honaunau
Honaunau, located between Kealakekua Bay and Puʻuhonua o Hōnaunau National Historical Park, is a coastal and rural Honaunau-Napoopoo neighborhood with lava-rock shorelines and coffee-country slopes. The neighborhood’s character concentrates around the Puʻuhonua Road (HI-160) junction with Hawaiʻi Belt Road (HI-11), where small roadside fruit stands, ocean-view pullouts, and local plate-lunch counters set an unhurried rhythm. Puʻuhonua o Hōnaunau National Historical Park anchors the area’s cultural landscape, while Two Step at Hōnaunau Bay draws steady daytime activity at the waterline. Honaunau Coffee Company and Kona Boys (Captain Cook) add local flavor through tastings and ocean gear culture. Homes and small farms follow the contours of the mauka hillside, with wide skies and salt air shaping daily routines.
Provided by Walk Score and Local Logic
Market insights
84-5040 Hawaii Belt Rd · $390,000
DAYS ON MARKET
212 days
The average home goes pending in 106 days.
SALE-TO-LIST
97.7%
Most homes are selling 2% below list price.
LIST PRICE
$390,000
Median sale price in this area is $588,071. (51% higher than this home)
PRICE DROP
2 price drops
22% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Carpet flooring
Bathrooms
2 total bathrooms (both full)
Flooring
Carpet
Exterior features
No agriculture dedication
Property is leasehold
Located in Lava Zone 3
Zoned A-5A
Major thoroughfare road access
Home design
Full ownership interest
Parking
Covered parking
Utilities
Electricity available
Cesspool sewer
No solid waste disposal provided
Financial info
Not used as a short-term vacation rental
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Finished Sq. Ft.
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Year built
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Style
Single Family Residential
County
Hawaii County
APN
3840050070000
Parking Spaces
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Basement
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Accessible
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Last updated by owner on Mar 7, 2026.
A-5A
Agricultural District - 5 Acres
The A (agricultural) district provides for agricultural and very low density agriculturally-based residential use, encompassing rural areas of good to marginal agricultural and grazing land, forest land, game habitats, and areas where urbanization is not found to be appropriate. A-5a is an agricultural district with a minimum building site area of 5 acres.
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Greenhouse / nursery
Livestock production
Housing-Group
Housing-Single unit
Kennel
Veterinary clinic
Agriculture-Cropland
Agriculture-Pastureland
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
Fire Factor
We're working on getting current and accurate fire risk information for this home.
Heat Factor
We're working on getting current and accurate heat risk information for this home.
Wind Factor
We're working on getting current and accurate wind risk information for this home.
1/10 Air Factor
Minimal risk of unhealthy air over next 30 years
Provided by First Street
Historical weather
Captain Cook, HI • 96704
Average low and high temperatures (°F)
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64
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78
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77
66
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Feb
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Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Captain Cook. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 84-5040 Hawaii Belt Rd
$391,329
$1,329 over list price of $390K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $475K to $1.7M.