Molokai Homes under $300,000

**Discover the Hidden Gem of Molokai: Affordable Island Living Awaits!**

Nestled in the heart of Hawaii, Molokai is a serene paradise that offers a unique blend of natural beauty and rich cultural heritage. Known as the "Friendly Isle," Molokai boasts pristine beaches, lush landscapes, and a welcoming community that makes it a perfect destination for those seeking a tranquil lifestyle away from the hustle and bustle of more touristy islands.

With a rich history and a commitment to preserving its natural resources, Molokai is home to the stunning Kalaupapa National Historical Park, breathtaking waterfalls, and some of the tallest sea cliffs in the world. Whether you're hiking through the lush forests of Kamakou Preserve or enjoying the sunset at Papohaku Beach, the island's stunning scenery is sure to captivate your heart.

For those dreaming of island living without breaking the bank, Molokai offers an incredible opportunity with homes priced under $300,000. This is a rare find in Hawaii, where real estate prices can soar. These affordable homes provide a perfect starting point for first-time buyers or those looking for a vacation getaway. Imagine waking up to the sound of gentle ocean waves and enjoying a morning coffee on your lanai while soaking in the breathtaking views.

Embrace a slower pace of life and explore the charming neighborhoods of Molokai, where you can find cozy homes that reflect the island's spirit. With affordable options available, your dream of calling Molokai home is within reach. Don't miss the chance to experience the warmth and beauty of this enchanting island!

Newest Molokai Homes under $300,000

1300 Kamehameha V Hwy Unit 112A, Kaunakakai

$169,900

1 Baths ⋅ 410960 MLS ⋅ Fee Simple Tenure ⋅ Hotel Molokai BLDG.

An indisputable update — Thoughtfully Renovated from the Ground Up Unit 112A at Hotel Molokai is far more than a cosmetic renovation—it was completely rebuilt from the studs over a seven-month period, with more than $107,000 in documented renovation receipts. The extensive work included all-new electrical wiring, outlets and main panel, new underground plumbing, insulation, and soundboard, creating a beautifully updated space with the quality and attention to detail you can appreciate from the moment you walk in. Photos documenting the depth of the renovation are available upon request. The interior combines island character with thoughtful craftsmanship. Beautiful travertine tile flows throughout the floors and wall base and continues into the spa-like travertine wet room, complete with a walk-in glass-block shower. At the heart of the home is a truly distinctive kitchen featuring custom cabinetry crafted from Monkey Pod lumber harvested on Moloka'i, adding warmth, character, and a genuine sense of place. The kitchen is equipped with a 7-cu.-ft. refrigerator, separate 7-cu.-ft. freezer, sink with disposal, and generous storage. Step outside your door and embrace the relaxed rhythm of Hotel Molokai, the island's only oceanfront hotel. Enjoy a morning swim in the oceanfront pool, take in the tropical surroundings, or listen to the sounds of live music from the open-air restaurant, bar, and stage. A guest club lounge and activity desk are also conveniently located on the property, making it easy to enjoy everything Moloka'i has to offer. This is an exceptional opportunity to own a substantially rebuilt and uniquely finished island retreat in one of Moloka'i's most distinctive oceanfront settings. Whether you're looking for a personal island escape or a special place to enjoy the authentic, laid-back lifestyle of Moloka'i, Unit 112A offers a rare combination of craftsmanship, character, and location.

1300 Kamehameha V Hwy Unit 112A, Kaunakakai

Listing courtesy of Keller Williams Realty Maui-Ki.

$205,000

1 Baths ⋅ 410728 MLS ⋅ Fee Simple Tenure ⋅ West Molokai Resort BLDG.

Light & Bright corner studio at Kepuhi Beach Resort unit 1186. Enjoy ocean , Kaiaka Rock and courtyard views. Just steps away from parking-no hills or stairs to climb. Unit was recently painted, new tub surround installed, along with new toilet & hardware. The lower lanai windows have plexiglass to help keep the outside from coming in! Lanai shades are installed for privacy. There is a front door screen as well as lanai sliding screens. Unit includes oven, refrigerator and disposal. New microwave & dishwasher. Ready for your finishing touches! Enjoy coffee while watching the whales in this peaceful retreat! Live full time, rent or just enjoy! Listing is under assessed value. The association ameneties include BBQ, Oceanside pool & Security. Garbage, water, sewer and electricity are included in the AOAO fee.

255 Kepuhi Pl Unit 16B06-1186, Maunaloa

Listing courtesy of Molokai Island Properties.

1000 Kamehameha V Hwy Unit 119B, Kaunakakai

$95,000

1 Beds ⋅ 1 Baths ⋅ 410484 MLS ⋅ Leasehold Tenure ⋅ Molokai Shores BLDG.

Enjoy easy island living in this ground floor 1-bedroom, 1-bath leasehold condo at Molokai Shores. Conveniently located close to the swimming pool, community laundry, and parking, this unit offers a practical location within the complex. While the interior is mostly original, it has been well maintained and provides a comfortable opportunity to update at your own pace or enjoy as-is. Molokai Shores is an oceanfront complex just outside Kaunakakai, featuring tropical grounds, a pool, BBQ areas, shuffleboard, putting green, and beach access. Whether you're looking for a full-time residence, island retreat, or investment property, this condo offers an affordable opportunity to own on Molokai. Monthly AOAO dues are $1,040.36, with an additional monthly lease rent of $130.61. The current land lease expires in 2038.

1000 Kamehameha V Hwy Unit 119B, Kaunakakai

Listing courtesy of Molokai Island Properties.

$280,000

1 Beds ⋅ 1 Baths ⋅ 410475 MLS ⋅ Fee Simple Tenure ⋅ Paniolo Hale BLDG.

The Great Escape: Discover True Hawaii on the island of Molokai. If society has you down or you're feeling overwhelmed, try Molokai—it's "mo better." This well-appointed, ground-floor vacation rental is your perfect antidote to the troubles of the world. Enjoy the profound serenity of a private setting with minimum stairs to navigate. Inside, you'll find high ceilings and beautiful Mahogany French doors leading to a large, wrap-around lanai, creating a natural and expansive atmosphere. This unit was lovingly used as a pied-à-terre by the current owner, offering immediate comfort and an authentic island experience.

100 Lio Pl Unit C-3, Maunaloa

Listing courtesy of Jeff Griffin LLC.

1000 Kamehameha V Hwy Unit 227B, Kaunakakai

$205,000

1 Beds ⋅ 1 Baths ⋅ 410088 MLS ⋅ Fee Simple Tenure ⋅ Molokai Shores BLDG.

A new opportunity to purchase this lovely 2nd floor unit conveniently located in the B building close to parking access and laundry facility. Capture stunning ocean veiws from the lanai or step out to enjoy the many amenities Molokai Shores has to offer including; oceanside pool, lounge chairs, bbq's, putting green, shuffle board, and paddle board / kayak storage all with direct access to the beach. The unit is well appointed and comes fully furnished. It boasts vinyl flooring, stainless gas range, updated faucets and an inventory to continue short term renting or move in ready. Kaunakakai town is just minutes away where you will find food, shopping, art and culture. Truly a gem, ready for you!

1000 Kamehameha V Hwy Unit 227B, Kaunakakai

Listing courtesy of Molokai Island Properties.

7146 Kamehameha V Hwy Unit A203, Kaunakakai

$124,500

1 Beds ⋅ 1 Baths ⋅ 410043 MLS ⋅ Fee Simple Tenure ⋅ Wavecrest BLDG.

Rare 50% undivided deeded co-ownership opportunity (Tenancy-in-Common) offered at $124,500 in oceanfront Wave Crest A203 on Molokai's scenic East End! (Seller is also open to selling 100% full fee-simple ownership of the unit for $199,000.) Offered fully turnkey, furnished, and thoughtfully equipped, this second-floor gem boasts a bright, welcoming living room, continuous easy-care flooring, a classic kitchen with ample wood cabinetry, a beautifully appointed bedroom featuring rich tropical textures, and a tidy bathroom with convenient built-in shelving. The true showstopper is the incredible location in the coveted A building, offering sweeping vistas of the turquoise ocean, lush grounds, and neighboring islands right from your vantage point, while resort amenities include an in-ground pool, manicured grounds, tennis courts, a clubhouse, and an oceanside BBQ area. All association fees and real property taxes are to be shared 50/50 between co-owners, and the sale of a 50% interest is subject to co-owners executing a private Co-Ownership Agreement covering schedule rotation and shared expenses.

7146 Kamehameha V Hwy Unit A203, Kaunakakai

Listing courtesy of Molokai Realty LLC.

$250,000

2 Beds ⋅ 2 Baths ⋅ 409931 MLS ⋅ Fee Simple Tenure ⋅ Ke Nani Kai BLDG.

Escape to the serene beauty of Molokai in this charming 2-bedroom, 2-bath townhouse with a versatile loft — offering the space and flexibility today’s buyers are looking for. Step out onto your private lanai and take in breathtaking ocean views that remind you why island living is truly unmatched.

50 Kepuhi Pl Unit 239, Maunaloa

Listing courtesy of Real Broker.

$209,000

2 Beds ⋅ 2 Baths ⋅ 409834 MLS ⋅ Fee Simple Tenure ⋅ Ke Nani Kai BLDG.

Located on the island of Molokai's gorgeous west end sits this upstairs two bedroom/ 2 bath condo at Ke Nani Kai Resort. Condo features beautiful tile floors throughout and out on to the partially covered lanai. The condo has a full kitchen with full size refrigerator, stove, dishwasher and plenty cabinet space. The washer/dryer are full size and moved into the storage area on the lanai. One closet is the washer/dryer and other closet is for additional storage. This added an additional closet space in kitchen area for a pantry. There is a small loft above that one can leave their surf boards or bikes when not here. Condo is situated directly across from the pool area where the amenities included a jacuzzi, gas BBQ’s, 2 bathrooms, soda machine, lounge chairs and table and chairs for eating, along with 2 tennis/pickle ball courts. It is a very short walk down the roadway to some of Molokai's best beaches. Kepuhi is great in winter months for surfing and in summer months the sparkling waters in front are great for swimming. Also close to some of the great spots for off shore fishing. The $1155 HOA covers, water, cable/internet, trash, private sewer, grounds and outside maintenance. Another small HOA is West Molokai Assoc. It’s $75 a year. Near by Ke Nani Kai is Maunaloa town, a 5 minute drive with a market open daily, a 5 minute walk to the Sundry Shop down by Kepuhi Beach, 10 minutes to airport and 25/30 minutes to Kaunakakai town for all the shopping or eateries. Make for a nice place to come visit and stay. Owner holds an active license in mainland. On the Minotoya list, Google about Bill 9.

50 Kepuhi Pl Unit 202, Maunaloa

Listing courtesy of Molokai Vacation Properties.

$230,000

2 Beds ⋅ 2 Baths ⋅ 409754 MLS ⋅ Fee Simple Tenure ⋅ Ke Nani Kai BLDG.

Like having your own private tree house in paradise! Nestled on the top floor, at the entrance of the resort, is an adorable 2B/2Ba lofted unit. Stainless appliances, microwave, and quality furnishings adorn this tropical condo- bungalow. The added loft area can be used as storage or for additional sleeping/office space. The lovely wrap around lanai has been refitted with new outdoor flooring and has a peekaboo ocean view. It is located just acrossthe street but adjacent to the pool, clubhouse, pickleball/tennis courts and bbq's for outstanding access to all the amenities Ke Nani Kai has to offer! It is currently a STR and may be subject to Bill 9. Call today!

50 Kepuhi Pl Unit 201, Maunaloa

Listing courtesy of Molokai Island Properties.

7146 Kamehameha V Hwy Unit C110, Kaunakakai

$210,000

1 Beds ⋅ 1 Baths ⋅ 409702 MLS ⋅ Fee Simple Tenure ⋅ Wavecrest BLDG.

Welcome to paradise at Wavecrest Resort Unit 110C on the lush east end of Molokai! This beautifully remodeled first-floor condo offers the perfect blend of island comfort and modern style. Featuring elegant quartz countertops, stainless steel appliances, and tasteful furnishings throughout, this turn-key unit is ready for immediate enjoyment as your island getaway, full-time residence, or vacation rental opportunity. Enjoy easy ground-floor access and relax on your lanai surrounded by tropical landscaping and peaceful ocean breezes. Molokai is known for its quiet charm, stunning natural beauty, and laid-back lifestyle — and Wavecrest’s oceanfront setting, pool, cabana, BBQ area, and tennis courts make it one of the island’s most desirable destinations.

7146 Kamehameha V Hwy Unit C110, Kaunakakai

Listing courtesy of Molokai Realty LLC.

$88,000

1 Baths ⋅ 409674 MLS ⋅ Fee Simple Tenure ⋅ Hotel Molokai BLDG.

Seize this rare, highly affordable opportunity to own a slice of Hawaiian paradise with this desirable ground-floor unit at the historic Hotel Molokai! Now priced to sell at just $95,000, Unit A102 is the ultimate entry point into island homeownership or your next favorite getaway. Ideally located just two miles east of Kaunakakai town, you are perfectly positioned at the heart of the island with charming local shopping and dining options just a short drive away. Immerse yourself in an authentic, laid-back tropical lifestyle: wander through lush, manicured grounds, cool off in the sparkling oceanfront pool, or unwind in a beachside hammock to the soothing sound of the waves. This unit comes fully furnished and equipped for immediate enjoyment, featuring a comfortable queen bed, flat-screen TV, microwave, refrigerator, and coffee maker. Sip your morning coffee or enjoy an evening cocktail on your private, covered lanai. For total peace of mind, the monthly maintenance fee is truly all-inclusive—covering all of your utilities for a completely hassle-free experience. The complex also features convenient community laundry facilities, a recreational rental desk, and an on-site local store. Don’t miss out on the best value on Molokai—schedule your look today!

1300 Kam V Hwy Unit 102A, Kaunakakai

Listing courtesy of Molokai Realty LLC.

1000 Kamehameha V Hwy Unit 207A, Kaunakakai

$245,000

1 Beds ⋅ 1 Baths ⋅ 409664 MLS ⋅ Fee Simple Tenure ⋅ Molokai Shores BLDG.

Welcome to Unit 207A at Molokai Shores — a beautifully positioned island retreat offering the relaxed charm and peaceful lifestyle Molokai is known for. This inviting condo features tropical breezes, ocean and garden surroundings, and beautiful island views of Lanai and Maui. Located on the second floor, the unit enjoys a tranquil setting within the oceanfront complex, complete with lush landscaping, a pool, putting green, BBQ areas, and stunning sunset views. Conveniently located near Kaunakakai town, shopping, dining, and island adventures, Unit 207A is perfect as a getaway, investment property, or full-time island home.

1000 Kamehameha V Hwy Unit 207A, Kaunakakai

Listing courtesy of Molokai Realty LLC.

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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.