Island Oasis: This Land Offering in Hawai'i Could Make History
This land offering in Hawai'i, worth $65 million, could make history at Sotheby's Concierge Auctions in November.
The Pali Kai parcel of land is an amazing opportunity for the buyer to break sales records. With 400 acres of land and a stunning view of the Pacific Ocean, this property is sure to be a hot commodity on the market.
The land includes 1 mile of ocean frontage and an elevation that runs from a black-sand beach on the western shore of the ‘Big Island’ of Hawai'i to a 1,000-foot overlook. This is a truly stunning piece of land, and I can imagine it would be an amazing place to live.
Lyle Anderson has owned the expansive parcel for about 15 years, but is now selling it. Anderson said it is time to give someone the opportunity to put the land to use. This is an exciting opportunity for developers and sellers alike, as the land could be used for a variety of purposes. We hope that the new owner will be able to put the land to good use and create something special.
Pali Kai is an incredible opportunity to experience Hawaii in a unique way. With its build-out potential, desirable climate, and indoor-outdoor living, it is a rare find that few will ever have the chance to experience. The land offers the potential for multiple estates, making it a perfect opportunity to create a legacy that will last for generations.
Carrie Nicholson, a top producing agent at Hawai'i Life, agrees with Anderson. She believes that the market is shifting and that there are great opportunities for buyers in the near future.
This property is different from anything else on the market. And there are people out there looking for unique properties like this around the world. It stands out on its own. It’s special.
The digital marketplace is a great way for buyers to bid on properties from anywhere in the world. The online bidding for this property is scheduled to run from Nov. 10 to Nov. 17, and I believe that the property will be sold to the highest bidder, regardless of price.
Despite a slowing market, a brief overview of previous land sales in Hawai’i provides a compelling snapshot for comparison and potential. In 2006, a 129-acre lot in Kailua-Kona broke records by selling for $30 million. When developed, that land housed an estate that made history as the second top residential home sale in the state when the deal closed for $43 million in July 2021. In April 2022, Forbes reported on a 3.6-acre parcel overlooking the ocean in Hawai’i's residential community of Kaʻupulehu that sold for just under $34 million. Nicholson also represented this deal.
This is an exciting development for anyone interested in real estate in the area. The potential for this parcel of land to be developed into something new and incredible is high, and it will be interesting to see how the bidding and sale process plays out. This could definitely create a new high-water mark for the area.
The location of this property is truly amazing! With stunning views in every direction, it's no wonder this is one of the most popular properties in the area. Whether you're looking for a romantic getaway or a family vacation, this is the perfect place to stay.
Born and raised in Hawai'i, Nicholson has worked in real estate for 20 years and been instrumental in closing some of the region's most important deals. She said the 'Big Island' is a significant place to pick up rare opportunities. As a native Hawaiian, Nicholson knows the ins and outs of the real estate market on the island. She's seen the market ebb and flow over the years, and knows that now is a great time to invest in property on the Big Island.
Lyle Anderson's love for special and unique properties knows no bounds. With nearly 400 acres and 13 tax map keys, there's no limit to what someone could build on each parcel. Anderson's vision for the future is one where people can live in harmony with nature, and with each other.
I feel that the property would be perfect for someone who wants the expansiveness of a family estate. I can imagine the property being used for family gatherings and events. The property would be a great place to raise a family.
This land is the perfect opportunity for someone who wants to create their own sustainable oasis. With two permitted wells, electricity and all other utilities available, the possibilities are endless. The land is ideal for growing gardens and orchards, and could also support private roads, agricultural areas, and equestrian facilities. The climate is perfect for anyone who wants to enjoy 75- to 80-degree weather all year round. This is truly a once-in-a-lifetime opportunity to create something special.