Molokai Homes under $300,000

Welcome to Molokai, a hidden gem in the Hawaiian archipelago, where the spirit of Aloha thrives amidst breathtaking landscapes and a rich cultural heritage. Nestled in Maui County, this tranquil island offers a unique blend of natural beauty and a laid-back lifestyle, making it an ideal destination for those seeking a peaceful retreat or a new home.

Molokai is renowned for its stunning views, from the dramatic cliffs of the Kalaupapa National Historical Park to the lush greenery of the Halawa Valley. With pristine beaches, crystal-clear waters, and a vibrant marine ecosystem, outdoor enthusiasts will find endless opportunities for adventure, whether it's hiking, snorkeling, or simply soaking in the sun on the shores of Papohaku Beach.

For those looking to invest in their slice of paradise, Molokai presents an exciting opportunity with homes available for under $300,000. This affordability is a rarity in Hawaii, allowing you to embrace island living without breaking the bank. Whether you’re searching for a cozy cottage or a charming condo, the real estate market here offers a variety of options that cater to diverse lifestyles and budgets.

Living in Molokai means immersing yourself in a close-knit community that values traditions and embraces the beauty of nature. With a slower pace of life, you'll find yourself enjoying the simple pleasures, from local farmers’ markets to cultural festivals that celebrate the island's rich history.

Discover the allure of Molokai, where affordable homes await you, and the spirit of Aloha welcomes you with open arms. Your dream island life is just a step away!

Newest Molokai Homes under $300,000

$235,000

1 Beds ⋅ 1 Baths ⋅ 411009 MLS ⋅ Fee Simple Tenure ⋅ Ke Nani Kai BLDG.

Rare and beautiful second-floor wraparound condo at Ke Nani Kai featuring panoramic views of Papohaku Beach, Kaika Rock, and Molokai’s west side mountains. This unique end unit offers added privacy, a second sliding glass door, and an expansive wraparound lanai—perfect for enjoying the island breezes, beautiful scenery, and spectacular west-end sunsets. The condo has been tastefully remodeled with island-style countertops, laminate flooring, and newer furnishings, creating a comfortable and inviting island retreat. Ke Nani Kai offers some of the best amenities on Molokai, including a spacious swimming pool, in-ground hot tub, shared tennis and pickleball courts, community garden, BBQ areas, and covered lanais for gatherings. Beautifully maintained tropical grounds surround the property with mature landscaping, plumeria, mango, citrus, and other fruit trees. Located within walking distance of Kepuhi Beach, residents and guests can enjoy surfing, hiking trails, white sand beaches, and unforgettable sunsets. HOA fees include internet, cable, water, trash, exterior maintenance, and management. Molokai continues to attract those seeking the charm and relaxed pace of classic Hawaii, with exceptional opportunities for fishing, hunting, outdoor recreation, family getaways, and island vacations. With air service provided by both Mokulele Airlines and Lanai Air, getting to and from Molokai offers added travel options. Ke Nani Kai 228 is a rare opportunity to own a distinctive wraparound end unit with outstanding views in one of Molokai’s most desirable west-end condominium communities.

50 Kepuhi Pl Unit 228, Maunaloa

Listing courtesy of Molokai Vacation Properties.

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.

$175,000

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.

255 Kepuhi Place Unit 20B12-2146, Maunaloa

$249,000

1 Baths ⋅ 202615118 MLS ⋅ FS - Fee Simple Tenure ⋅ West Molokai Resort BLDG.

Escape to paradise and witness breathtaking, colorful sunsets over the ocean from KBR Condo 2146. This turnkey, furnished unit at Kepuhi Beach Resort offers a rare opportunity for a legal short-term vacation rental, thanks to its H-1 Hotel Resort zoning. Inside, discover a spacious permitted loft, complete with a large, secure owner's closet. Conveniently situated in Building 14, you'll find parking just steps from your door. The comprehensive $632 monthly homeowner fee covers essential utilities (electric, gas, water, sewer, trash) and all exterior building maintenance across the expansive 11-acre property. Recently installed high-speed fiber-optic internet is available for approximately $40 a month. Community laundry facilities are located in the adjacent building. Immerse yourself in nature with walking paths where Hawaiian axis deer and turkeys roam freely. A short stroll leads to the on-site pool and sundries shop. With the airport only 15 minutes away and town amenities a 25-minute drive, convenience meets tranquility. The annual West Molokai Homeowners Association fee is a low $75 per year.

255 Kepuhi Place Unit 20B12-2146, Maunaloa

Listing courtesy of Oahu Realty.

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.

255 Kepuhi Place Unit 19B12-2156, Maunaloa

$229,000

1 Baths ⋅ 202613445 MLS ⋅ FS - Fee Simple Tenure ⋅ West Molokai Resort BLDG.

2156 is a comfortable upper-corner studio at the Kepuhi Beach Resort. It is a good, legal vacation rental with very good revenue, featuring teak cabinets in the kitchen, a cooktop, a microwave, a refrigerator, and other small appliances. The bathroom includes a custom teak countertop and cabinets, and the shower has been updated with Bali Blue tile. The unit features a queen bed and a folding futon couch, and is tastefully decorated with teak furniture from Bali. There are laundry facilities on the property. Kepuhi Beach is directly in front with great surfing, and our beaches are perfect for swimming and snorkeling during the summer months. Papohaku Beach is a few hundred yards away; it is 3 miles long and uncrowded year-round, often with only three people on it. Enjoy the nightly sunsets at the oceanfront pool. The HOA fee is $633 and covers water, sewer, electric, gas, grounds, and exterior maintenance. KBR has two companies with extremely fast internet available for all owners. If you would like to rent this vacation rental condo to truly experience and get a genuine feel for what a wonderful condo it is, please let me know. Call or Text to schedule your showing.

255 Kepuhi Place Unit 19B12-2156, Maunaloa

Listing courtesy of Oahu Realty.

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.

$250,000

2 Beds ⋅ 2 Baths ⋅ 202610544 MLS ⋅ FS - Fee Simple Tenure ⋅ Ke Nani Kai BLDG.

50 Kepuhi Place Unit 239, Maunaloa

Listing courtesy of Real Broker.

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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.