Think Oahu single-family homes under $500,000 don’t exist anymore? Think again! From cozy starter homes to fixer-upper opportunities, we’ve rounded up five single-family homes under $500,000 that are worth a closer look. Whether you’re buying your first home or investing in a rental property, these properties prove that owning a piece of Oahu is still possible!

Buying your first home is exciting, especially here in Hawaii, where homeownership is not just a financial milestone, but a connection to place, community and, for some, family legacy. But with limited inventory, unique local market factors and stiff competition, it’s easy for first-time buyers to feel overwhelmed.

Experience the best of contemporary island living at Villa 4 of the Waiea building, an exclusive two-story residence in the heart of Honolulu’s vibrant Ward Village in the Kaka'ako neighborhood. This rare 3-bedroom, 3.5-bathroom villa offers a private, townhome-style lifestyle complemented by the unmatched amenities of one of Oahu’s most prestigious luxury condominiums.

Rounding out the master-planned Ward Village community in Kaka'ako, which broke ground more than 15 years ago, are two new residences—ʻIlima Ward Village and Melia Ward Village. These highly anticipated projects—the 12th and 13th towers in the community—will rise where the Ward Centre retail complex currently stands, fronting Ala Moana Boulevard on the makai side of Ward Village.