Leave town for a week and everything happens. On September 7, a third of Molokai Island was put up for sale for $260 million. The property includes 300 parcels covering 55,575 acres with over 20 miles of coastline. Granted, it’s not as showy as Larry Ellison’s 2012 purchase of 98 percent of the island of Lanai for $500-ish million, but Lanai is a bit larger at 141 square miles. A purchaser would still be able to brag about being one of the top five private landowners in the state.
Sure it’s a physically beautiful location that offers unprecedented privacy and bragging rights, but it also comes with a contentious local population who are vociferously anti-progress. Current owner, Singapore-based GL Limited found that out for themselves.