Real Estate
A Vast, $260 Million Chunk of Hawaiian Paradise Is on the Market
Thirty-five percent of Hawaii's Molokai Island is for sale, with 20 miles of undeveloped beaches. But let the buyer beware ...
Anyone who spends $260 million on a property could reasonably expect to do with it as they please. Potential owners of Molokai Ranch, a 55,575-acre tract on Hawaii’s Molokai island, however, might quickly discover that a quarter-billion dollars doesn’t necessarily buy you the right to do what you want.
The ranch occupies roughly 35 percent of Molokai, Hawaii’s fifth-largest island. The property sits on the island’s western end and includes lush pastureland, tropical rainforest, two towns, and more than 20 miles of private beach. There are two resorts on the ranch, along with an extant (and operating) agricultural and cattle business. More than a ranch, the property represents the possibility to become a wealthy buyer’s vast, private, Eden.