Hawaii Tropical Paradise Sold at Record Price!

Hawaii Tropical Paradise Sold at Record Price!

Hawaii Tropical Paradise Sold at Record Price!

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Hale ‘Ae Kai, widely known as Hawaii’s most luxurious estate, has sold shattering all sales records for the state at $46.1 million. It was offered by its creator co-chief executive of Morgan Stanley's operations in the Asia-Pacific region, William H. Strong and his wife Sandi, who will soon be handing over the keys to paradise to the next billionaire.

The remarkable estate couldn’t be better located, part of which makes it so valuable. Situated on 15 beachfront acres on the most tropical of the islands, Kauai, it is surrounded by lush farmland from ocean to mountains, yet is still only a five minute bicycle ride to shops. Kauai’s population is very serious about maintaining their unique use of the land and have created laws to insure its exceptional natural beauty into the future. Ninety percent of the island is allocated for conservation and agriculture and buildings on the island can be no taller than the palm trees. Considered to be the best example of a tropical paradise with close proximity to the U.S. mainland, it consistently attracts filmmakers who have produced over 60 movies filmed on the island with popular movies Jurassic Park, Pirates of the Caribbean, Fantasy Island and Indiana Jones to name a few.

Though probably not immediately obvious to guests who are mesmerized by the home and spectacular beach, Hale ‘Ae Kai, is actually a working farm overseen by a caretaker with his own residence, and produces coconuts, bananas, white pineapple, citrus trees and fresh vegetables from its own organic orchards and gardens. Other tropical landscaping includes wide lawns and a plethora of flowering trees, shrubs, vines and plants, whose perfume wafts around and through the house and grounds on light trade winds.

The Balinese-style main house complex of 11,708 square feet is made up of four pavilions on a bluff overlooking the Pacific Ocean and Kilauea Lighthouse. Constructed with wood-beamed vaulted ceilings, walls of glass and stone, it includes a two-story main pavilion gathering place, a master suite pavilion and two guest pavilions with a total of four bedrooms and six and a half baths. The main living area in the central pavilion is on the upper floor with living and dining rooms, a large chef’s kitchen, office and bedroom suite. The lower level has a media room, full bath, gym and a bar opening to a 1,600-square-foot pool and spa. The master suite is over 1,000 square feet and, in addition to the bedroom, has a living room and bar with the bath having both indoor and outdoor shower, lanai and large dressing room. The two guest pavilions feature king-sized beds, bar and refrigerator, full baths and lanais.

Hawaii’s historical, record-breaking sale of the famed Hale ‘Ae Kai estate was made by listing agent Neal Norman of Hawaii Life Real Estate Brokers. The final sales price was $46.1 million.

Photo credit: Hawaii Life

Source: www.toptenrealestatedeals.com