Molokai Homes under $1.5 million

Molokai Homes under $1.5 million

**Discover the Charm of Molokai: Your Ideal Island Retreat**

Nestled in the heart of Hawaii, Molokai is a hidden gem that offers a unique blend of natural beauty, rich culture, and a welcoming community spirit. Known as the "Friendly Isle," Molokai is a place where the pace of life slows down, allowing you to truly appreciate the breathtaking landscapes and tranquil surroundings. With its lush valleys, pristine beaches, and stunning sunsets, this island paradise is perfect for those seeking a serene lifestyle away from the hustle and bustle of urban living.

For homebuyers looking to invest in this idyllic location, Molokai boasts a variety of properties available for under $1.5 million. Whether you're dreaming of a cozy beachside cottage, a spacious family home with panoramic ocean views, or a charming plantation-style residence, you’ll find options that cater to every taste and budget. Many of these homes offer modern amenities while still embracing the island's rich heritage, making them perfect for both full-time residents and vacationers alike.

Living in Molokai means immersing yourself in a vibrant community that celebrates its Hawaiian heritage. Explore the island's rich history, from the Kalaupapa National Historical Park to the ancient fishponds, and enjoy outdoor activities like hiking, snorkeling, and kayaking in some of the most pristine waters in the world. With a strong sense of community and a laid-back lifestyle, Molokai invites you to create lasting memories in a place where the spirit of Aloha thrives.

If you’re ready to embrace the beauty and tranquility of island living, Molokai is waiting for you! Explore our listings today and find your perfect home under $1.5 million in this enchanting paradise.

Newest Molokai Homes under $1.5 million

50 Kepuhi Pl Unit 228, Maunaloa
$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.

7489 Kamehameha V Hwy, Kaunakakai
$475,000
3 Beds ⋅ 2 Baths ⋅ 411005 MLS ⋅ Fee Simple Tenure
7489 Kamehameha V Hwy offers a rare opportunity to own a farm-style property on nearly a full acre in Molokai’s lush east end. Located in the peaceful Ualapue community beneath Molokai’s green mountains, the property features a large cleared area with plenty of room for farming, gardening, fruit trees, or other agricultural uses, along with beautiful views toward the mountains. The property includes two structures. The main custom-built home, constructed in 2005, is situated in the upper western corner of the property and features 3 bedrooms and 1.5 bathrooms. A spacious wraparound lanai provides a wonderful place to relax and take in the surrounding land and mountain setting. Inside, the home offers a modern eat-in kitchen and dining area, two bedrooms and a full bathroom downstairs, plus an upstairs bedroom suite with a half bath and elevated views. A second structure, relocated from Kualapu'u, is situated on the property and offers potential for use as an ohana or additional living space. This structure is a project and may require additional work, permitting, and/or approvals. Buyer and buyer’s agent to conduct their own due diligence regarding the structure, permitted uses, improvements, and potential future use. With nearly an acre of usable land, a comfortable custom home, and room to create your own east end farm or garden, this unique Ualapue property offers space, privacy, and the opportunity to enjoy Molokai’s rural lifestyle.

7489 Kamehameha V Hwy, Kaunakakai

Listing courtesy of Molokai Vacation Properties.

100 Lio Pl Unit N-4, Maunaloa
$385,000
1 Beds ⋅ 2 Baths ⋅ 410971 MLS ⋅ Fee Simple Tenure ⋅ Paniolo Hale BLDG.
Rare opportunity to own Paniolo Hale N-4 on the beautiful island of Molokai. One of only six one-bedroom condos at Paniolo Hale featuring a wraparound screened lanai, this unique residence offers an abundance of additional usable living space without the added fees associated with a larger interior footprint. Located at the end of the building, N-4 enjoys exceptional privacy and seclusion, surrounded by lush tropical landscaping that creates a peaceful and dreamy Hawaiian setting. This townhome-style condo has been beautifully remodeled with quality finishes and attention to detail throughout. The stunning chef’s kitchen boasts granite countertops, high-end stainless steel appliances, an oversized sink, custom cabinetry, and plenty of space for cooking and entertaining. Refinished oak floors and designer fixtures add warmth and character throughout the home. The downstairs bathroom features a striking stone vessel sink, handmade wood cabinetry, and a custom shower. Upstairs, 18-inch diagonal porcelain tile flooring complements the spacious primary suite and bath, which features a granite-topped dual stainless steel sink vanity and a large porcelain tile shower. The extensive upgrades give the condo a refined, custom feel while maintaining the relaxed atmosphere of island living. The wraparound screened lanai is one of the property's standout features, creating a wonderful indoor-outdoor living area surrounded by tropical plants and greenery. Whether enjoying morning coffee, reading in the afternoon, or relaxing after a day at the beach, the lanai provides a private retreat that feels immersed in the tropical landscape. Offered completely furnished and move-in ready, N-4 is well suited for full-time living, a Molokai vacation home, or short-term rental use. Paniolo Hale is located within the Hotel zoning district, where short-term rentals are currently permitted. Paniolo Hale is an oceanfront condominium community on Molokai's stunning west end. Amenities include a gated swimming pool with restroom facilities, mature shade-giving monkeypod trees, beautiful tropical landscaping, fruit trees including avocado, mango, and citrus, and a front desk area for property management. From N-4, it's an easy walk to great surfing at Kepuhi Beach, multiple white-sand beaches, and public trails for hiking and cycling. Enjoy incredible sunsets from the nearby beaches throughout the year and the uncrowded outdoor lifestyle that makes Molokai so special. The island is popular with fishing, hunting, surfing, hiking, cycling, and outdoor enthusiasts looking to experience a more peaceful side of Hawaii. With both Mokulele Airlines and Lana'i Air currently serving Molokai, travelers have additional options for interisland access

100 Lio Pl Unit N-4, Maunaloa

Listing courtesy of Molokai Vacation Properties.

9046 Kamehameha V Hwy, Kaunakakai
$450,000
3 Beds ⋅ 2 Baths ⋅ 410966 MLS ⋅ Fee Simple Tenure
Beautifully updated home featuring distinctive geometric architecture on Molokai’s desirable East End. Surrounded by lush tropical landscaping and fruit trees, this unique property offers a peaceful setting with views toward Molokai’s scenic eastern mountains. Inside, gorgeous hardwood flooring flows throughout the home, complemented by an updated kitchen with granite countertops and abundant natural light. Fresh interior and exterior paint give the home a clean, refreshed feel. Enjoy both front and back covered lanais, perfect for relaxing, entertaining, and taking in the surrounding tropical scenery. A long, gated driveway provides added privacy along with ample space for multiple vehicles, a boat, or trailer parking. The spacious grounds offer plenty of room to continue expanding the gardens and enjoying the benefits of East End living. Conveniently located just past Puko'o Beach and within walking distance of a neighborhood market. A truly unique Molokai property combining privacy, character, tropical surroundings, and a one-of-a-kind architectural design.

9046 Kamehameha V Hwy, Kaunakakai

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.

255 Kepuhi Pl Unit 9C02-7B, Maunaloa
$480,000
1 Beds ⋅ 1 Baths ⋅ 410871 MLS ⋅ Fee Simple Tenure ⋅ West Molokai Resort BLDG.
Rarely offered Kepuhi Beach UNOBSTRUCTED OCEAN VIEW COTTAGE 7B! Remodeled with vinyl bamboo flooring/ new appliances including microwave, full sized oven, dishwasher, refrigerator, s.s kitchen sink, stack washer dryer, double locking pocket doors leading into walk through bathroom , double sink over, soft close drawers. Lanai screen doors and plexiglass lower fillers to keep island love out. This 642sq ft base floor layout flows so easily into endless views of Kaiaka Rock, ocean views and lovely HOA maintained grounds. These Cottages rarely come to market and this one is priced accordingly! Finish the loft area or add sq ft for room upstairs! Owner is turning new chapter after 8 sunset filled years- Make it your full time residence, hotel zoned rental or long term rental. Past rental history available upon request. Minimalist furnishings include: Queen sized adjustable bed with remote massage, vegan recliner, Kitchen bar and stools, 25” tv on stand, Lanai outdoor adjustable furniture with chaise lounge and 4 seat wicker glass top table. Make it your own Molokai Island retreat! One of a kine hand painted Kepuhi scene surfboard not included but will consider acceptable offers. Don’t miss out on this opportunity!

255 Kepuhi Pl Unit 9C02-7B, Maunaloa

Listing courtesy of Molokai Island Properties.

2176 Kamehameha V Hwy, Kaunakakai
$620,000
1 Beds ⋅ 1 Baths ⋅ 410850 MLS ⋅ Fee Simple Tenure
Welcome to the Sunshine House - a heavenly slice of Molokai beachfront where the lawn meets the sea and you can walk the beach without crossing a street. This open plan cottage maximizes oceanfront living with a minimal footprint leaving you more time to enjoy the Tradewinds and the feel of the sand in your toes and less time maintaining an unruly square footage. There's a bonus cozy office space that could double as a bunk bed room for additional guests and a Mitsubishi split A/C to keep you cool and dry. A spacious carport protects your wheels and toys from the weather, and an oversized septic system allows for possible future expansion. A 7 minute drive will get you into the heart of Kaunakakai where you can hang out at Molokai Burger or grab some goodies at Kanemitsu's bakery. Molokai has a great paddling community and some inspiring conservation efforts such as the Molokai Land Trust that would welcome your participation. How many steps from the bed to the water's edge? Come and find out. :)

2176 Kamehameha V Hwy, Kaunakakai

Listing courtesy of Hawaii Life (MA).

9916 Kamehameha V Hwy, Kaunakakai
$800,000
2 Beds ⋅ 1 Baths ⋅ 410838 MLS ⋅ Fee Simple Tenure
Perched on a bluff above the Pailolo Channel, this 675 sq ft cottage is oceanfront Molokai at its most quiet and unspoiled. The views are unobstructed and uninterrupted, reaching across the channel to Maui, Lanai and Kahoolawe, and on a clear day all the way to the Big Island. Built in 1995 by the current owners, this home reflects a deep respect for the land it sits on. Oversized foundation posts anchored on concrete footings sit within a thoughtful footprint, letting the setting remain the focus. The result is a home balanced with its surroundings rather than imposed on them. Two bedrooms, one bath, and a 105 sq ft covered deck built to put you right at the ocean's edge. Set on .63 acres with a private yard and direct beach access, and the kind of seclusion the east end of Molokai is known for. There is only so much oceanfront on Molokai, and a setting like this can't be duplicated. This is a property defined by its location and sense of place. After years of loving and caring for it, the current owners are ready to turn the page and pass it on to its next steward.

9916 Kamehameha V Hwy, Kaunakakai

Listing courtesy of Hawaii Life (MO).

255 Kepuhi Pl Unit 16B06-1186, Maunaloa
$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.

100 Lio Pl Unit B1, Maunaloa
$525,000
2 Beds ⋅ 2 Baths ⋅ 410664 MLS ⋅ Fee Simple Tenure ⋅ Paniolo Hale BLDG.
Fee Simple 2-Bedroom, 2-Bath Townhouse at Paniolo Hale – Turnkey Island Living Experience the charm and tranquility of Molokai in this beautifully furnished fee simple end unit with wrap around screened lanai, 2-bedroom, 2-bath townhouse at the sought-after Paniolo Hale. Nestled among lush tropical landscaping and impeccably maintained grounds, this inviting retreat features rich dark wood floors, tasteful island-inspired furnishings, and a warm, welcoming ambiance throughout. Just a short stroll from beach access, this exceptional residence is ideally located to enjoy the natural beauty and peaceful lifestyle of Molokai. Residents and guests also enjoy the beautifully maintained swimming pool and community barbecue areas, perfect for relaxing afternoons and entertaining family and friends. Offered fully furnished and truly move-in ready, the sale includes all furniture, artwork, décor, kitchenware, linens, and household inventory. Many beautiful art pieces are also included, creating a home with distinctive island character and timeless appeal. Whether you are looking for a full-time residence, a tropical vacation retreat, or a turnkey investment property, this exceptional Paniolo Hale townhouse offers comfort, convenience, and the very best of island living from the moment you arrive.

100 Lio Pl Unit B1, Maunaloa

Listing courtesy of Molokai Island Properties.

9 Oki Pl, Kaunakakai
$499,000
4 Beds ⋅ 2 Baths ⋅ 410612 MLS ⋅ Fee Simple Tenure
Welcome to 9 Oki Place, a charming single-story residence nestled on a quiet street in the heart of Kaunakakai. Built in 1960, this home offers 1,508 square feet of interior living space with 4 bedrooms and 1.5 bathrooms, including a convenient half-bath located right off the outdoor patio. Set on a generous 0.35-acre lot spanning 15,102 square feet, with two installed county water meters. The fully fenced property features a manicured lawn framed by lush tropical landscaping and a mature, fruit-bearing mango tree. Outdoor living is a highlight here, featuring a spacious covered patio designed for gathering and dining in the shade, along with an attached two-car garage equipped with internal and external storage space. Offered fully furnished in As-Is condition, this property provides the perfect balance of authentic Molokai charm and convenience, placing you just minutes from local shops, dining, schools, and coastal access.

9 Oki Pl, Kaunakakai

Listing courtesy of Molokai Realty LLC.

100 Lio Pl Unit I-3, Maunaloa
$399,900
1 Baths ⋅ 410565 MLS ⋅ Fee Simple Tenure ⋅ Paniolo Hale BLDG.
I-3 is a spacious plantation-style oceanfront studio located in the serene Paniolo Hale complex on Molokai's west end. Renovated in 2018 and recently updated in 2026, this ground-floor unit features high ceilings and a expansive wall of doors that opens onto a recently refinished, screened lanai. The layout seamlessly connects the indoors with the outdoors, allowing you to relax to the sound of the ocean waves and take in views of the beach and local surf break. Inside, the condo includes a remodeled, fully equipped kitchen complete with stainless steel appliances and updated cabinetry, as well as an in-unit full-size washer and dryer. The upgraded bathroom features a step-in tiled shower and a large vanity. Freshly painted and nicely furnished throughout, the home offers a dedicated living room seating area, a premium king bed, pull out queen sized sofa, and a dining and lounging setup on the lanai. Set within the lush, canopy-covered oasis of Paniolo Hale, residents and guests have access to a gated swimming pool and gas barbecue areas. The unit is situated just steps from Kepuhi Beach and is a short walk from Make Horse Beach and Papohaku Beach—the longest white-sand beach on Molokai.

100 Lio Pl Unit I-3, Maunaloa

Listing courtesy of Molokai Realty LLC.

Start Your Search