LANAI ISLAND
Lanai is located in Maui County just 9 miles west from the island of Maui. It is 149 square miles in size with a full time population of 3,000 residents, making it the smallest inhabited island in the chain. Lanai was once the home of the pineapple plantation of entrepreneur James Dole who owned the entire island for a time, and in the 1920s built Lanai City to house and serve the community of workers. Larry Ellison purchased the property in the summer of 2013 for a reported $550 million. Since the acquisition the new ownership has started a number renewable eco-friendly programs to bring the island into the next generation of self sustained islands in the world. The future looks very bright for the residents, employees and visitors of Lanai. Read More
Lanai Real Estate For Sale
The corporation Castle & Cook which owns the Dole Food Company had intended in 2009 to demolish much of what remains of the historic district, including homes, a laundromat, and a jailhouse all dating back to the 1920s, in order to build new commercial structures. However, in June 2012, Castle & Cooke sold its island real esate (totaling 98% of the island) to billionaire Larry Ellison for a reported $500 Million.
Throughout its history, mans impact on the island has been minimal. There are now two lavish resorts here yet only a scant 30 miles of paved road. The timeless landscape is largely as it was, offering a glimpse into the Lanai of another time, on an island unlike any other in Hawaii. The weather on Lanai is pleasant and drier than other islands, receiving only about 37 inches of rainfall per year. Temperatures range from 70 to 85 F.Although most of the island is owned by Larry, you still have the opportunity to purchase some of the best Lanai Real Estate that Hawaii has to offer. Everything from multi-million dollar homes to something maybe a little more affordable. Lanai truly has some of the most unique real estate offerings in the world.
Lanai
"Can't Say Enough Good Things"
Eric is ON TOP of the Maui market. He helped us find our first and second investment properties and we are still ecstatic about our purchases a year later. We can't say enough good things about his professionalism and Eric and Lisa's personal touch. We are looking forward to our next purchases already!