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You can buy a third of a Hawaiian island for $260 million — but there’s a catch

Papohako looking towards Kaiaka Rock

One-third of the island of Molokai — the fifth-largest island in Hawaii — is up for sale for $260 million.

The property, called Molokai Ranch, encompasses 55,575 acres of the island. Mark Zuckerberg had reportedly considered purchasing it back in 2015, before he ultimately settled on a 750-acre property on the North Shore of Kauai.

The land doesn’t come without restrictions, however. Its current owner, investment holding company GL Ltd., has run into numerous issues with the island’s 7,000 locals while attempting to build various projects there since the 1990s, reports Bloomberg. Many objected to what they read more >>>

Source : BusinessInsider.Com

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