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A parcel of land that encompasses almost the entire western side of the Hawaiian island of Molokai is going on the market for $260 million.

Called Molokai Ranch, the roughly 55,575-acre property spans about 35% of the rural island, encompassing 20 miles of coastline, a multitude of secluded beaches, ranch land and forests. There is a 1,200-head cattle operation, two golf courses and a currently “mothballed” hotel and lodge on the…