A leafy and luxurious plot of land that surrounds almost the entire western side of the Hawaiian island of Molokai just hit the market for a whopping $260million.
The Molokai Ranch spans about 35 per cent of the island and encompasses 20 miles of coastline.
The massive 55,575-acre property has a number of secluded beaches, ranch land, commercial space, nature preserves and even forests.
There’s also two golf courses and an oceanfront resort hotel that has an upcountry lodge on the property along with a 1,200-head cattle operation.
Perfection: A leafy plot of land that surrounds almost the entire western side of the Hawaiian island of Molokai just hit the market for a whopping $260million
Stunning: The Molokai Ranch spans about 35 per cent of the island and encompasses 20 miles of coastline
Leafy: The massive parcel of land features two golf courses where fans of the sport can easily play the game while vacationing
Beautiful: The parcel of land also comes complete with a 1,200-head cattle operation, as some are pictured above
Golden: The massive 55,575-acre property has a number of secluded beaches and offers amazing views of the sunset
Flawless: There’s also an oceanfront resort hotel that offers stunning views of the ocean with a pristine beach
Immaculate: Molokai Ranch is the most significant listing in the state, as the new owner will be among the top five private landowners in Hawaii
Molokai Ranch is the most significant listing in the state, as the new owner will be among the top five private landowners in Hawaii.
In addition, the beautiful ranch also has a number of ocean activities.
The south shore features Hawaii’s most extensive coastal reef system that has over 14,000 acres of flawless reef habitat.
It takes roughly 30 minutes via air services to access the island from the major urban center of Honolulu.
Special: The massive property also features several nature reserves as part of the island of Molokai
Breathtaking: It takes roughly 30 minutes via air services to access the island from the major urban center of Honolulu
Verdant: Outside of the pristine beaches and amazing oceanfront views, there is also a forest on the luscious parcel of land
Gorgeous: The huge property also has an upcountry lodge with plenty of space to roam around
Dazzling: Horseback riding is one of the many activities that new owners can do on the property
This is not the first time the owners of the property, GL Limited, tried to sell the parcel of land, according to the Wall Street Journal.
Back in 2003, the Singapore-based holding company had proposed a plan that would have sold roughly 200 lots for luxury homes, donated 26,000 acres to a land trust and built a new hotel, according to the chief financial officer Kah Meng Ho.
But Ho claims local islanders protested against the plan and voiced their opinions during planning meetings.
The group of community members established a ‘resistance camp’ near the potential development site, Karen Hold, executive director of the Molokai Community Service Council, told the Journal.
High standard: In addition, the beautiful ranch also has a number of ocean activities thanks to it’s perfect location
Splendid: The south shore features Hawaii’s most extensive coastal reef system that has over 14,000 acres of flawless reef habitat
Relaxing: GL Limited, a Singapore-based holding company, wants to sell the large portion of the relaxing island to focus on their hotel assets in London
The company closed the tourist operations and the lodge in 2008 as they also let go most of the staff, Ho told the Journal.
They now want to sell the luscious property in order to focus on their hotel assets in London.
The company and listing agent believe that whoever purchases the exclusive piece of property will be a private buyer.
‘We are not looking for a buyer who wants to purchase with development rights as a contingency,’ listing agent Scott Carvill of Carvill Sotheby’s International Realty, located on Oahu, told the Journal.