The Molokai Ranch is up for sale. It consists of approximately one-third of the island of Molokai, the fifth-largest island in Hawaii. Price - $260 million.
The property is 55,575 acres of the island. Mark Zuckerberg had considered buying the property back in 2015, before he settled on a mere 750-acre property on the North Shore of Kauai.
The problem, or not a problem depending on how a person sees it, is that the land come without restrictions. Its current owner, investment holding company GL Ltd., has over the years run into numerous issues with the island's 7,000 locals while attempting to develop various projects since the early 1990s. Many locals view the entire island, including the Molokai Ranch as their homeland, and object to any development. In response to local opposition, GL Ltd. shut down the ranch in 2008.
Based on zoning and permissible land use the acreage is generally classified as follows.
Total: 55,574.888 acres
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