The island's only settlement of note is the small town of Lānaʻi City.
As of 2012, the island was 98% owned by Larry Ellison (Founder and Chairman of Oracle), with the remaining 2% owned by the state of Hawaii.
It is separated from the island of Molokaʻi by the Kalohi Channel to the north, and from Maui by the ʻAuʻau Channel to the east.
There is one school, Lanai High and Elementary School, serving the entire island from kindergarten through 12th grade. There are no traffic lights on the island.
Lanai has a few small indentations that might offer a limited bit of protection as anchorages in calm conditions.