Molokai Homes with Short Term Rental Allowed

Molokai Homes with Short Term Rental Allowed

Welcome to Molokai, a hidden gem in the heart of Hawaii! Nestled in Maui County, this tranquil island offers a unique blend of natural beauty, rich history, and a laid-back lifestyle that captures the essence of Hawaiian living. Known as the "Friendly Isle," Molokai boasts breathtaking landscapes, from its lush valleys and pristine beaches to the stunning cliffs of Kalaupapa National Historical Park.

For those seeking a slice of paradise, Molokai presents an enticing opportunity with homes that allow short-term rentals. Imagine owning a piece of this idyllic island, where you can enjoy the serene surroundings while also generating income from vacationers eager to experience the magic of Molokai. With its unspoiled beauty and welcoming community, your property can become a sanctuary for travelers looking to escape the hustle and bustle of everyday life.

The real estate market in Molokai is characterized by charming homes that reflect the island's unique character, often featuring spacious layouts, ocean views, and easy access to local attractions. Whether you’re looking for a cozy cottage or a modern retreat, there’s something for everyone. Plus, with short-term rental options, you can share the beauty of Molokai with visitors from around the world while enjoying the benefits of island living yourself.

Explore the possibilities of homeownership in Molokai, where the spirit of aloha is alive and well. Embrace the opportunity to invest in a lifestyle that blends relaxation, adventure, and community—all in one of the most beautiful places on Earth!

Newest Molokai Homes with Short Term Rental Allowed

$170,000
1 Beds ⋅ 1 Baths ⋅ 410207 MLS ⋅ Fee Simple Tenure ⋅ Wavecrest BLDG.
Ground floor. "A" building. Nothing between your lanai and the ocean but a stretch of lawn, a line of palm trees, and the tradewinds coming straight off the water. It's the view Wavecrest is known for, and this is the unit that sits right in front of it. The carpet and flooring have been removed in this 1 bedroom, 1 bath, so you're starting with a clean surface instead of someone else's leftovers. Pick your own flooring, your own paint, your own finishing touches, and build the look you want from the ground up. Wavecrest's grounds, pool, and easy access to the East End's beaches speak for themselves. What's rare is a ground floor unit in the "A" building coming up for sale at all. If you want a place to make your own, not just move into someone else's choices, this is it.

7142 Kamehameha V Hwy Unit A115, Kaunakakai

Listing courtesy of Hawaii Life (MO).

$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.

$225,000
1 Beds ⋅ 1 Baths ⋅ 410043 MLS ⋅ Fee Simple Tenure ⋅ Wavecrest BLDG.
Welcome to paradise at Wave Crest A203! Nestled on Molokai’s scenic East End, this second-floor oceanfront gem delivers the quintessential Hawaiian lifestyle. Offered fully furnished and thoughtfully equipped, the unit boasts a bright, welcoming living room, continuous easy-care flooring, and a classic kitchen with ample wood cabinetry. Relax in the beautifully appointed bedroom featuring rich tropical textures, or refresh in the tidy bathroom with ample built-in shelving. The true showstopper is the incredible location in the coveted A building, offering sweeping vistas of the turquoise ocean, lush green grounds, and neighboring islands right from your vantage point. Wave Crest Resort features top-tier amenities including an in-ground pool, manicured grounds, tennis courts, a clubhouse, and a dedicated oceanside BBQ area. Just pack your bags and move right into this turnkey island haven!

7146 Kamehameha V Hwy Unit A203, Kaunakakai

Listing courtesy of Molokai Realty LLC.

$375,000
2 Beds ⋅ 2 Baths ⋅ 409703 MLS ⋅ Fee Simple Tenure ⋅ Wavecrest BLDG.
Experience true island living at beautiful Wavecrest Resort Unit B310 on the lush east end of Molokai. This rare and spacious 2-bedroom, 2-bathroom condo offers an expansive 827 sq. ft. layout with a unique customized configuration designed for comfort and functionality. Fully remodeled in 2026, the unit features custom cabinetry, stainless steel appliances, granite tile countertops, and tasteful tropical finishes throughout. Enjoy indoor-outdoor living with two spacious tiled lanais showcasing awesome ocean, tropical garden, and outer island views. Beautifully furnished and completely turn-key, this exceptional condo is ready for immediate enjoyment as a full-time residence, vacation retreat, or investment opportunity. Located within the peaceful oceanfront community of Wavecrest, owners and guests enjoy lush tropical landscaping, an oceanfront pool and cabana, tennis courts, and the relaxed charm of “Old Hawaii.”

7146 Kamehameha V Hwy Unit B310, Kaunakakai

Listing courtesy of Molokai Realty LLC.

$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.

$95,000
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.

$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.

$109,000
1 Beds ⋅ 1 Baths ⋅ 409573 MLS ⋅ Fee Simple Tenure ⋅ Wavecrest BLDG.
There's a reason people who discover Molokai's east end keep coming back. The pace is different here. The air smells like rain and salt, the tradewinds are steady, and from the third floor of B Building you've got an unobstructed view of the ocean shifting from shallow reef green to deep open-ocean blue, with Maui sitting on the horizon. Wavecrest B306 is priced to sell and sold as-is. Renovate on your terms and make it exactly what you want. One bedroom, one bath, third floor, with natural pass-through ventilation that keeps things cool. No AC hum, just the sound of the ocean and nature. Unit B306 is the starting point. Wavecrest is the draw. Lush, professionally maintained tropical grounds, an oceanfront pool and pavilion with BBQ grills, lounge chairs, a community bookshelf, local art, and the kind of easy atmosphere where residents and visitors come together naturally. Tennis courts, shuffleboard, and a sandy beach just to the east. Every day feels a little like a vacation. Wavecrest B306 is on the Minatoya List. Short-term rental use permitted through December 31, 2030 per Maui County Bill 9, restrictions effective January 1, 2031. Entry price, renovation upside, near-term rental potential, and a lifestyle that's hard to find anywhere else in Hawaii.

7142 Kamehameha V Hwy Unit B306, Kaunakakai

Listing courtesy of Hawaii Life (MO).

$248,000
1 Beds ⋅ 1 Baths ⋅ 409166 MLS ⋅ Fee Simple Tenure ⋅ Molokai Shores BLDG.
Experience the height of island charm in this rare third-floor loft, perfectly positioned as a coveted end unit in the "C" building of Molokai Shores. The interior is defined by soaring vaulted wood-plank ceilings that lead your eye toward the unit's standout architectural feature: custom triple-layer sliding doors that open effortlessly to a private lanai. This outdoor vantage point offers a front-row seat to the best of the "Friendly Isle," where you can witness the sky ignite during legendary Molokai sunsets and spend winter mornings watching humpback whales breach in the channel. While the home maintains its authentic island character, the bathroom has been fully transformed into a modern spa retreat, boasting a floor-to-ceiling slate stone walk-in shower, a sleek vessel sink, and a contemporary LED-backlit vanity. From the functional wrap-around kitchen with its gas range to the expansive and versatile loft, every inch of this penthouse-level unit is designed to maximize space and scenery. This airy upper level is uniquely adaptable; while currently a serene primary retreat, its generous proportions and open feel allow it to easily serve as a functional second bedroom for guests or a home office. Whether utilized as a private sanctuary or an additional sleeping area, this loft provides a sophisticated home base for the ultimate Hawaii lifestyle.

1000 Kamehameha V Hwy Unit C329, Kaunakakai

Listing courtesy of Molokai Realty LLC.

$475,000
2 Beds ⋅ 2 Baths ⋅ 409150 MLS ⋅ Fee Simple Tenure ⋅ Molokai Shores BLDG.
Rare to the market. A 2-Bedroom with Loft A truly rare offering at Molokai Shores, Unit B317 is a beautifully remodeled 2-bedroom, 2-bathroom fee simple condominium with a full loft—providing extra living space and flexibility. Perched on the top floor with no one above you, this end unit enjoys a peaceful setting where swaying palm trees sit at window level, creating an intimate tropical feel. From your lanai, take in sweeping views across the grounds and pool area, with the island of Lana‘i on the horizon. Inside, the thoughtful remodel makes this home both inviting and practical, ideal as a turnkey short-term rental or personal island retreat. New bedroom furniture, new couch, coffee table, end tables and more!! Molokai Shores is centrally located just minutes from Kaunakakai town and offers resort-style amenities including an oceanfront swimming pool, baby pool, BBQs (gas & charcoal), shuffleboard, putting green, ample parking, community laundry, and the reassurance of an on-site manager and maintenance team. Monthly HOA fees of $1,411.60 cover water, garbage, internet, cable TV, management, and exterior maintenance—keeping ownership simple and stress-free. Highlights: 2 Bedrooms | 2 Bathrooms | Full Loft Rare top-floor END unit, no one above and an extra large size lanai with two separate sliding doors to the lanai. One in living room and one from in the main bedroom, Remodeled & fee simple ownership. Excellent short-term rental potential with Castle Resort, Ocean, Lana‘i & poolside views Resort-style amenities. If you’ve been waiting for a special property on Molokai, Unit B317 is an opportunity you don’t want to miss. Only 3 of this kind are even available at Molokai Shores.

1000 Kamehameha V Hwy Unit 317B, Kaunakakai

Listing courtesy of Molokai Vacation Properties.

$219,000
1 Beds ⋅ 1 Baths ⋅ 408935 MLS ⋅ Fee Simple Tenure ⋅ Ke Nani Kai BLDG.
Away from the noise of the city, enjoy the peace, quiet and relaxation of coming home to Ke Nani Kai. Besides some food and drinks, the unit is turnkey-100% ready for moving in. This warm and welcoming home near the entrance of the Ke Nani Kai complex, offers a comfortable 1 bedroom, 1 bath, 681sf of space. Enjoy your morning coffee on another 219sf patio fronting a lush grassy area. Kitchen and bath recently remodeled and fresh paint throughout. Your home comes with one open parking space and lots of guest parking just outside of your front door. Directly across from your home is the pool, hot tub, community room, mailbox and near the tennis/pickleball court. Just a 3 minute stroll takes you to Papohaku beach where you can watch the sunset. Kaunakakai town and the airport are about a 25 minute scenic drive. The Molokai bus comes through as well. All furniture pictured is included with the sale. Priced below tax assessed value. Come home today.

50 Kepuhi Pl Unit 103, Maunaloa

Listing courtesy of eXp Realty.

$130,000
1 Beds ⋅ 1 Baths ⋅ 408851 MLS ⋅ Fee Simple Tenure ⋅ Ke Nani Kai BLDG.
Condo #107 at Ke Nani Kai is located on Molokai’s desirable west end, known for its beautiful beaches, excellent surfing, hunting, hiking, bicycling, and peaceful island lifestyle. Enjoy whale watching during the winter months and stunning sunsets year-round just minutes from your door. This ground-floor, corner unit features tiled kitchen countertops, tile flooring, refrigerator, dishwasher, oven hookups, and washer/dryer hookups. With a few cosmetic updates, this condo offers a wonderful opportunity to add your own personal style and create the perfect island retreat, full-time residence, or investment property. Ke Nani Kai offers outstanding amenities including an in-ground pool, hot tub, tennis courts, outdoor BBQ areas, covered lanai picnic pavilion, community garden, and convenient access to nearby west end beaches. HOA dues include cable TV, internet, water, garbage, sewer, exterior maintenance, and professional management, making for easy and comfortable island living.

50 Kepuhi Pl Unit 107, Maunaloa

Listing courtesy of Molokai Vacation Properties.

Start Your Search