Ellison's island: Lanai in pictures

Billionaire Larry Ellison has agreed to buy the bulk of Lanai, the sixth largest Hawaiian island, for "hundreds of millions of dollars" according to a recently filed transfer application with Hawaii's Public Utilities Commission. The transfer of the land's ownership is pending state approval.

Take a look at each of the most notable items included in the "Lanai Transaction."

98% landownership of Lanai

A view of Lanai's coastline — Forest and Kim Starr, file

Hawaiian Pineapple Company Founder James Dole bought Lanai in 1922 for about $1.1 million, according to Honolulu-based KHON News. In 1985, Dole's former company and most of his former island were acquired by David Murdock, a mainland investor who later renamed the company to "Dole Food Company Inc." (DOLE), despite the fact Murdock has no family ties to the late kama'aina (long-term resident of Hawaii) James Dole. Murdock told the Los Angeles Times shortly after his purchase of the land's ownership that he planned to turn his then-newly acquired piece of prime, paradisaical property formerly known as the "Pineapple Island" into a lavish destination for tourists.

In 2012, Oracle CEO Larry Ellison agreed to purchase roughly 98 percent landownership of Lanai from Murdock's privately held company Castle & Cook, which according to its website is Hawaii's "largest homebuilder."

The south coast of Lanai is seen in this undated file photo.

Coastal access

Shipwreck Beach, Lana'i, Hawaii — Steve Jurvetson/Flickr, file

Ninety-eight percent of Lanai, the sixth largest Hawaiian island, is being sold by Dole Food Company Inc. (DOLE) Chairman David Murdock to Oracle Corp. (ORCL) CEO Larry Ellison, according to a July 19 filing with Hawaii's Public Utilities Commission. Murdock, who currently owns 98 percent of the island, is designated in the transfer agreement to retain the right on completion of the "Lanai Transaction" to build a wind farm on the northwestern part of the island, Honolulu-based KHON News reported. Sen. Kalani English, D-HI, said he had been informed by Ellison's representatives that the CEO of Oracle, winner of the 2010 America's Cup sailing race and owner of one of the fastest sail-racing yachts in the world had "no interest in pursuing wind."

Shipwreck Beach, Lanai, Hawaii is seen in this undated file photo.

Two Four Seasons Resorts hotels

Four Seasons Resorts Lanai at Manele Bay — rickh710/Flickr, file

The "Lanai Transaction," the pending sale of about 98 percent landownership of the island from Dole Food Company Inc. (DOLE) Chairman David Murdock to fellow billionaire and Oracle Corp. (ORCL) CEO Larry Ellison, includes two hotels, The Four Seasons Resorts Lanai at Manele Bay and the Four Seasons Resorts Lanai, Lodge at Koele. Ellison has signed an agreement with Murdock to purchase the hotels and the rest of assets included in the deal by no later than June 27, according to a filing July 19 with the state of Hawaii. The transfer agreement says Ellison anticipates investing substantially in Lanai, and looks forward to partnering with its residents and charting its future.

The Four Seasons Resorts Lanai at Manele Bay is seen in this Sept. 13, 2008 file photo.

Lodge at Koele

The Four Seasons Resort Lanai, Lodge at Koele is included as property being sold by David Murdock to fellow billionaire Larry Ellsion in the "Lanai Transaction," the sale pending state approval of roughyl 98 percent of the Hawaiian Island of Lanai. The Four Seasons Resort Lanai, Lodge at Koele is seen in this Sept. 13, 2008 file photo.

Two 7,000-yard championship golf courses

Hole-17-at-the-Experience-at-K%C3%85%C2%8D%C3%8A%C2%BBele-golf-course.jpg — Wikimedia Commons, file

Oracle CEO Larry Ellison's cut in "The Lanai Transaction" includes two par 72 championship golf courses, the Experience at Koele and The Challenge at Manele, the latter of which sprawls along Lanai's southern coastline with ocean panoramas on every hole. The 17th hole at the Experience at Koele golf course in Lanai, Hawaii is seen in this Dec. 22, 2006 file photo.

Koele Stables

America's Cup champion Larry Elson has agreed to acquire Koele Stables as part of the "Lanai Transaction," the pending sale of about 98 percent of the sixth largest Hawaiian island. The Stables at Koele are seen in this undated file photo.

1,648 acres of commercial and residential development

Residential development districts and Lanai City properties, including 248 acres of various commercial and residential assets, make up roughly 1,648 acres of Lanai, the sixth largest Hawaiian island. The development space is included in the "Lanai Transaction," a sale pending approval by the state of Hawaii on the transfer of roughly 98 percent of Lanai from David Murdock to fellow billionaire Larry Ellison. Potential project development space in this undated file photo is included in the deal, the sale agreement between Murdock and Ellison.

Assets included in the Lanai Transaction

lanai, hawaii — Joel Bradshaw/Wikimedia Commons

The Lanai Transaction, according to a June 19 state-filed transfer application by Castle & Cooke Inc., includes:

- Two resort hotels

- Two championship golf courses and club houses

- 600 acres of residential development

- The Manele Project District, 800 acres of residential development

- Lanai City properties, 248 acres of various commercial and residential assets

- Koele Stables

- Lanai Pines Sporting Clays

- Interest in La Ola Solar Farm that sells power to Maui Electric Company, Limited

- Administrative buildings and central support services assets

- Employee rental housing

- Shipwreck Beach and other coastal areas

- Parks and Recreation facilities

- Club Lanai site and the regulated utilities

Click here to view a copy of the July 19 transfer application, which includes further details on the sale pending state approval of Lanai, such as the terms of the agreement between billionaires David Murdock, the land's owner, and Oracle co-founder Larry Ellison, the buyer. This undated file photo shows a view of Platform Rock from Manele Bay Resort golf clubhouse, Lanai, Hawaii.