Sotheby’s takes down $260M listing of Hawaii’s Molokai Ranch

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What was one of the biggest real estate sales listings in Hawaii’s history has now apparently quietly fizzled away.

In late 2017, a Hawaii affiliate of Sotheby’s International Realty announced via national publications that it was listing for sale a major portion of a Hawaiian Island.

The 55,000 acres of Molokai Ranch was listed for $260 million about three years ago, and since then, the listing has been taken down, likely signaling that the owners have decided to go in a different direction. 

The ranch, a major part of the “Friendly Isle,” is primarily engaged in cattle ranching and utilities operations, and once was home to a popular hotel that has not reopened. 

The potential sale would’ve rivaled the sale of 98% of the island of Lanai, which was purchased by billionaire Oracle Corp. founder Larry Ellison, who paid $300 million for those properties several years ago. 

The tech titan now lives on Lanai, and has major development plans in the works such as building a substantial industrial park and increasing farming operations.


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