The late billionaire David Murdock’s 7-bedroom oceanfront home on Lanai is for sale again at $17 million, one of his last remaining properties after selling the island to Larry Ellison in 2012.
- The 8,495-square-foot home overlooks Hulopo’e Bay and sits on 1.03 acres described as ‘the best lot on the island.’
- The property has been listed multiple times since 2022, starting at $20 million before being reduced to the current $17 million asking price.
- Murdock retained only a few properties when he sold 98% of Lanai to Oracle founder Larry Ellison in 2012 for billions.
- The home is assessed at $11.7 million for tax purposes and generates $167,260 in annual property taxes for Maui County.
- Murdock transformed Lanai’s economy from pineapple agriculture to luxury tourism in the 1990s before his death at age 102 in 2023.
Source: Maui Now
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