I think some of the larger timeshare units are occasionally available with points. Check Hilton, Hyatt and Marriott. I think you'll find the points cost to be ridiculous, though. Better to rent from a timeshare owner.

As an example, check out the Hilton properties on the Big Island. You can get a 2 bedroom at Kings Land for 140,000 points a night and a 3 bedroom for 204,000 a night.