Lanai Real Estate

Lanai
real estate

Lanai is a small island with one town, two resorts and very few homes for sale. Almost all of the land has a single owner, which shapes everything about buying here.

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Land owned by one owner

~98%

Since Larry Ellison’s 2012 purchase

Housing held by that owner

~1/3

Of the island’s homes

September 2026

1

Single-family sale, $695,000

Biggest employer

~400

Workers at Pulama Lanai

Civil Beat (Sept. 2025), Honolulu Star-Advertiser and Title Guaranty (September 2026).

Lanai at a glance

Larry Ellison bought about 98% of Lanai in 2012 for a reported $300 million. His company, Pulama Lanai, manages those holdings, is the island’s largest employer and owns about a third of its housing. In 2025 it shut down its luxury vacation-home building division and refocused on local projects, including Hokuao, a 76-unit affordable housing project that was the island’s first in nearly 30 years.

For buyers, that means the private resale market is tiny. Most months see zero to a couple of sales. In September 2026 there was one: a single-family home at $695,000.

Property taxes and rentals

Lanai is part of Maui County and uses the same property tax rates and $300,000 home exemption; see our Maui page for the full table. Vacation rental rules are the county’s, so confirm zoning and permits for any specific property with the Maui County Planning Department.

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Sources

General information as of October 2026, not legal or tax advice. Confirm zoning, rental rules and tax classification for a specific property with Maui County before you buy.

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