Molokai Ranch for Sale
1/3 of the island listed for $260M
Thirty-five percent of Molokai — 55,575 acres — owned by Molokai Ranch, is up for sale for $260 million. The property went on the market Thursday, Sept. 7, and includes more than 300 parcels on the island — making it one of the top five privately owned properties in the state. The decision to sell by Singapore-based land holder owner GL Limited comes almost a decade after the company shut down its Maunaloa lodge, theater, golf course and other operations in 2008.
Scott Carvill of Carvill Sotheby’s International Realty, the broker listing the property, said GL is looking for a legacy buyer rather than a developer.…