Lanai Homes under $1.25 million

Welcome to Lanai, a hidden gem nestled in the heart of Hawaii, where the beauty of nature meets the charm of island living. Located in Maui County, Lanai is known for its stunning landscapes, pristine beaches, and a tranquil atmosphere that invites relaxation. With a population of just around 3,000 residents, this small island offers a tight-knit community feel, making it an ideal place for those seeking a peaceful retreat from the hustle and bustle of everyday life.

Lanai City, the island’s charming hub, is a quaint town filled with rustic charm and rich history. Here, you can stroll along tree-lined streets, visit local shops, and savor delicious meals at cozy eateries. The island is renowned for its outdoor adventures, from hiking the lush trails of the Munro Trail to exploring the breathtaking landscapes of the Garden of the Gods. With its diverse ecosystems and stunning views, Lanai is a paradise for nature enthusiasts and adventure seekers alike.

For those looking to make Lanai their home, there are fantastic opportunities to own a piece of this paradise without breaking the bank. Homes under $1.25 million offer a range of options, from charming single-family residences to modern condos with breathtaking ocean views. Imagine waking up to the sound of waves and the gentle island breeze, all while enjoying the comfort of your own home in this idyllic setting.

Discover the allure of Lanai—where your dream home awaits in this enchanting Hawaiian oasis. Come experience the island’s unique blend of serenity and adventure, and let Lanai capture your heart!

Newest Lanai Homes under $1.25 million

$800,000

2 Beds ⋅ 2 Baths ⋅ 410692 MLS ⋅ Fee Simple Tenure

Large lot size is approximately 8,130 sqft. This home is near a school/skate park/dog park/other parks and walking distance to center of town. Property is in middle of a cul-de-sac with limited traffic flow. Original home has 2 bedrooms, 1 bathroom with open concept living/dining/kitchen area. Attached to the house is a studio with bathroom. Other positive features include a one car garage, one car carport, creative work/storage/work space(s) on the property. Property has a fence around most of it; fence could be expanded to provide for child(ren)/pet(s). Fruit trees & gardening potential in yard. Buyer's agents and Buyers to/must independently verify any information they deem material or important to their purchase or any offered price thereunder.

130 Olopua Pl, Lanai City

Listing courtesy of Help-U-Sell Honolulu Properties.

$675,000

3 Beds ⋅ 2 Baths ⋅ 410258 MLS ⋅ Fee Simple Tenure

This well-maintained home is a must see. Situated on a 3000 sq. foot lot which is easily maintained and surrounded with a cinder block wall for excellent privacy. The home consists of three bedrooms, two baths and is in wonderful shape inside and out. It is walking distance to town squares, great shops, restaurants and Lanai's new bowling alley. The home was built in 2008 and is tucked away on the north side of Gay Street. There is a great attached and covered car port for two cars and a storage, work shop area right behind it. This home would be a great first home for a growing family or a fun get-a-way and second home on the beautiful and peaceful Island of Lana'i. The home is vacant and easy to show, although we want to give the sellers a 24-hour notice if possible.

325 Gay St, Lanai City

Listing courtesy of Island Sotheby's International Realty(L).

$760,000

4 Beds ⋅ 2 Baths ⋅ 409805 MLS ⋅ Fee Simple Tenure

Rare opportunity to own a 4-bedroom, 2-bath single-family home on a large lot, over 10,000 sq. ft.—an uncommon find on Lana?i. This property offers comfortable living space along with a 2-car carport, dedicated storage area, and workshop space, providing plenty of room for hobbies, projects, and equipment. The expansive yard offers endless possibilities for gardening, outdoor entertaining, or future enhancements. Combining functional living areas, ample parking, and valuable outdoor space, this property is a unique opportunity to enjoy island living with room to grow. Purchase is contingent upon acceptance by the Bureau of Conveyances of documents regarding title within the next 3 months.

1346 Ha Pl, Lanai City

Listing courtesy of Okamoto Realty LLC.

$748,000

3 Beds ⋅ 2 Baths ⋅ 409384 MLS ⋅ Fee Simple Tenure

Charming 3-bedroom, 2-bath single-family home located in the desirable Lalakoa III neighborhood of Lanai City. The home offers a comfortable and functional layout, with large living/dining area, perfect for everyday living. Enjoy a peaceful residential setting with a strong sense of community, while still being conveniently close to local shops, schools, and amenities. A great opportunity to own a home in Lanai City. Note: Living area is virtually staged.

1503 Pakali St, Lanai City

Listing courtesy of Okamoto Realty LLC.

$725,000

2 Beds ⋅ 1 Baths ⋅ 409283 MLS ⋅ Fee Simple Tenure

Remodeled main House and new built 'Ohana. Set back from Lanai Ave under a spectacular monkey pod tree these two dwellings total 3 bedrooms and 3 full baths. Front house 2 bedrooms, 1 bath. 'Ohana has 2 baths and 1 bdrm. This property offers ample off street parking for both main house and 'Ohana. Separate outdoor living spaces for each dwelling. Main house has NEW electrical & plumbing, premium vinyl flooring, vinyl clad windows, tiled bath, on demand hot water, appliances, washer/dryer, paint and roof. Built new in 2024, the O’hana offers many possibilities with 2 rooms, kitchen and 2 full baths with showers. Rent as 1 bedroom apt, Multi-generational family, or office + guest space. Can be split into two studios with serarate entrances. All permitted improvements. Currently O'hana long-term rented for $1,950/mo. Main house rent is $2,200/mo. Seller will provide previously approved plans for addition to main house for primary suite. This is a unique property close to Dole Park square, restaurants, shops, market just a few blocks away. Call your favorite realtor for a showing today.

1203 Lanai Ave, Lanai City

Listing courtesy of Hawaii Life (L).

$450,000

2 Beds ⋅ 1 Baths ⋅ 409173 MLS ⋅ Fee Simple Tenure

Located on the north side of town, this property is larger than most plantation style homes with many possibilities but will need creative financing or cash as the home is not livable. Value is in the land. This is a drive by, please do not walk the property. Call your favorite Realtor.

223 Gay Pl, Lanai City

Listing courtesy of Okamoto Realty LLC.

$790,000

4 Beds ⋅ 3 Baths ⋅ 408064 MLS ⋅ Fee Simple Tenure

Remodeled and well-maintained, this home sits in a prime location and offers over 1,700 sq. ft. of inviting interior space. Complimented by a generous wrap-around deck designed for outdoor enjoyment. Ideal for hosting, relaxing, and embracing the island lifestyle. The attached Ohana with its own private entrance adds even more versatility—use it for visiting family, a private office, or a great hobby space. Whether you’re dreaming of a great family home, quiet island living, a getaway home, or a solid rental investment, this Lanai property has endless potential. Solid documented rental history. Parking pad for three cars.

1320 Lanai Ave, Lanai City

Listing courtesy of Island Sotheby's International Realty(L).

$475,000

2 Beds ⋅ 2 Baths ⋅ 407399 MLS ⋅ Fee Simple Tenure

Discover the potential of this classic 2-bedroom, 2-bath plantation-style home, ideally situated in the heart of Lana'i City. Set on an expansive 6,003 sq ft lot, this property offers plenty of outdoor space, including mature noni and fig trees that add to the island appeal. Inside, you'll find a spacious layout that includes a large living room and a separate den area, providing flexibility for entertaining, working from home, or relaxing with 'ohana. The home retains its vintage charm while offering an opportunity for thoughtful updates or restoration. A covered carport provides convenient off-street parking, and the central location puts you close to shops, restaurants, schools and the town square - offering both charm and convenience in a close-knit community. Whether you're looking for a peaceful island residence, a weekend escape, or a property with solid potential, this Lana'i gem invites you to make it your own.

1122 Olapa St, Lanai City

Listing courtesy of Real Broker.

$565,000

3 Beds ⋅ 2 Baths ⋅ 406065 MLS ⋅ Fee Simple Tenure

Are you seeking life on an secluded island with an abundance of outdoor activities? Look no further. One block off Dole Square and close to all Lanai City has to offer. This classic plantation house has large kitchen open to living room. Primary bedroom has en-suite bathroom. Two other bedrooms nice and light. Utility room has washer/dryer and 2nd bathroom. Nice Garden space around home. Street to street allow for the garage. Sit on Front porch and watch the world go by! House needs some work and this price gives you the opportunity to fix it up as your own. Sold furnished too! Easy to show. Come explore what Lana'i has to offer. Seller financing possible to qualified buyer.

928 Lanai Ave, Lanai City

Listing courtesy of Hawaii Life (L).

$899,000

4 Beds ⋅ 2 Baths ⋅ 406064 MLS ⋅ Fee Simple Tenure

This Lanai gem is a very unique property offering numerous possibilities. A 3 bedroom, 1 bath main house with attached O'hana offering multiple beds, full bathroom, permitted commercial kitchen. Outdoor space is complete with Hawaiian style bar, covered dining patio & numeous fruit trees and flowers. Located on a quiet, dead-end street, there are wonderful sunsets from large front deck looking out to ocean. The main living home has an open floor plan, large windows with lots of light. Front deck surrounds the front entrance to home and is very welcoming. Deck offers raised garden beds for vegetables, herbs and flowers. The two car garage is a bonus for Lanai homes. New roof, interior flooring and paint in 2024/2025. Offerred furnished with a few exceptions. Whether you can use a commercial kitchen or lease it out, this is a real find on Lanai. Don't hesitate, schedule a showing with your favorite realtor soon!

538 Akahi Pl, Lanai City

Listing courtesy of Hawaii Life (L).

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.