Mililani Terrace — Condos for Sale & Community Guide 2026

Mililani Terrace — Townhomes on Hanile Street

Mililani Terrace is a 224-unit townhome community on Hanile Street in Mililani. Built in 1986, it is one of the most affordable entry points into Mililani real estate, with recent sales ranging from $399,000 to $490,000. The complex features a mix of tenure types and offers low monthly maintenance fees, making it attractive to first-time buyers, military families, and investors alike.

Building Details

Address	95-630 Hanile St, Mililani, HI 96789
Year Built	1986
Number of Units	224
Stories	2
Tenure	Mix (Fee Simple and Leasehold)
Style	Low-Rise Townhome
Price Range	$399,000 – $490,000
Maintenance Fee	~$371/month
Owner Occupancy	37%
Pet Friendly	No
FHA Approved	No
Vacation Rentals	Not permitted

What It’s Like Living at Mililani Terrace

Mililani Terrace is a go-to for buyers who want to be in Mililani without stretching their budget. The maintenance fee of around $371 per month is among the lowest in the area, and it covers common area upkeep, a walking and jogging path, and an on-site resident manager. The 37% owner-occupancy rate means a significant number of units are renter-occupied, which is typical for the more affordable Mililani complexes and reflects strong rental demand.

One important detail: Mililani Terrace has a mix of fee simple and leasehold units. Buyers need to verify the tenure of any specific unit before making an offer, as leasehold units come with different long-term cost considerations. Fee simple units here are straightforward to finance, while leasehold units may have limited lender options.

Location Highlights

Located on Hanile Street in the northern section of Mililani Town
Near Mililani Waena Elementary, Mililani Middle School, and Mililani High School
Close to parks and greenbelts
Easy access to H-2 freeway
Near Schofield Barracks and Wheeler Army Airfield

Why Buyers Like Mililani Terrace

Starting under $400,000, Mililani Terrace is one of the most affordable ways to own property in Mililani. The low maintenance fees keep monthly costs manageable, and the 224-unit complex means there is usually inventory available for buyers. For investors, the strong rental market in Mililani and the low barrier to entry make Terrace units a practical income property option.

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Mililani Terrace Homes for Sale

95-754 Hokuwelowelo Place Unit M202, Mililani

$469,999

2 Beds ⋅ 1 Baths ⋅ 202612885 MLS ⋅ FS - Fee Simple Tenure ⋅ 116 DOM ⋅ Mililani Terrace BLDG.

Welcome to Mililani Terrace! This well-maintained unit offers a convenient and connected lifestyle in the heart of Mililani, located just across from Mililani Town Center and near Mililani High School. Enjoy easy access to Kamehameha Highway, the freeway, Mililani Shopping Center, nearby golf, parks, and military bases. Positioned on the upper level, the unit offers a pleasant garden view, comfortable living space, and two parking stalls for added convenience. As part of Mililani Town Association, residents can enjoy access to multiple recreation centers, parks, pools, and community amenities. Pet-friendly building, subject to house rules. A great opportunity for buyers seeking comfort, convenience, and the Mililani lifestyle.

95-754 Hokuwelowelo Place Unit M202, Mililani

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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.