COVID19 UPDATE
Kauai

Kauai Estate Sells for $28m

Kauai has been the home of one of the highest-priced luxury listings in nation for over 5 years, the famed Papaa Bay Plantation was originally listed for sale in June of 2007 for $46.5 million.  Last Thursday, the estate sold for $28 million.

Papaa Bay, Kauai

The estate includes 147 acres of land on Kauai’s northeast shore. The main residence is 15,000 square feet, with 6 bedrooms, and 8+ bathrooms.  Also included are two “guest bungalows” of 4000 square feet (each) and a 3-bedroom caretaker’s home.  And, of course, a swimming pool, beach cabana, yoga studio, horse stables, and multiple barns.

It’s no secret that the estate’s former owner is the Hollywood producer Peter Guber of Mandalay entertainment. That said, the lack of media surrounding the sale is interesting. According to Kauai’s ‘coconut wireless’, the buyers aren’t celebrities, or household names. And, perhaps more importantly, they’re also apparently not developers.

Despite the sale price of $28 million, the Papaa Bay Plantation still doesn’t represent the highest residential sale in the State of Hawaii.  That title still rests with the sale of an estate overlooking Hapuna Beach on the Big Island’s Kohala Coast, which sold for $29 million in 2007.

The sale of Papaa Bay, which was listed for sale at $39.5m, means that the highest-priced home in Hawaii is now on Oahu, in Kailua.  We’ll keep an eye on that one, of course.

Comments (12) Show CommentsHide Comments (Remember)

Cool. Add your comment...

Your email address will not be published. Required fields are marked *

Leave your opinion here. Please be nice. Your Email address will be kept private, this form is secure and we never spam you.

Katie Minkus, R(B)

November 20, 2009

I love it that the Big Island holds a record sale over all the other islands!!! Big Island, mo’bettah!

Katie Minkus, R(B)

November 20, 2009

I love it that the Big Island holds a record sale over all the other islands!!! Big Island, mo’bettah!

Kauai Real Estate Market - It’s a Smore! « Hawaii Real Estate Blog

November 20, 2009

[…] in the bottom part of our market, and noting the closing last week of our most expensive listing, Tara at Papaa Bay at $28M- an image of smores came to […]

Kauai Real Estate Market - It’s a Smore! « Hawaii Real Estate Blog

November 20, 2009

[…] in the bottom part of our market, and noting the closing last week of our most expensive listing, Tara at Papaa Bay at $28M- an image of smores came to […]

David Buck

November 27, 2009

The old Kaiser Estate on Oahu is also for sale for $80 Million…

David Buck

November 27, 2009

The old Kaiser Estate on Oahu is also for sale for $80 Million…

Million Dollar Home Sales on Oahu Took a Big Hit in 2009 « Hawaii Real Estate Market

January 13, 2010

[…] sale in Kailua and a $13 million sale in Aina Haina in 2008. Kauai may have taken the title of the highest luxury home sale in Hawaii for 2009, however I have a feeling Oahu will be working its way back to the top in […]

Million Dollar Home Sales on Oahu Took a Big Hit in 2009 « Hawaii Real Estate Market

January 13, 2010

[…] sale in Kailua and a $13 million sale in Aina Haina in 2008. Kauai may have taken the title of the highest luxury home sale in Hawaii for 2009, however I have a feeling Oahu will be working its way back to the top in […]

The Great Peter Guber Real Estate Sell Off Continues | Construction Styles - Homes Design Decoration Doors Windows

May 10, 2010

[…] 2009–for $28,000,000. The buyer, whose identity remains a mystery, are not, according to what one report called the ‘coconut wireless,’ celebrities or household […]

The Great Peter Guber Real Estate Sell Off Continues | Construction Styles - Homes Design Decoration Doors Windows

May 10, 2010

[…] 2009–for $28,000,000. The buyer, whose identity remains a mystery, are not, according to what one report called the ‘coconut wireless,’ celebrities or household […]

The Great Peter Guber Real Estate Sell Off Continues | Worlds Construction - Building Home Styles Improvement

May 31, 2010

[…] 2009–for $28,000,000. The buyer, whose identity remains a mystery, are not, according to what one report called the ‘coconut wireless,’ celebrities or household […]

The Great Peter Guber Real Estate Sell Off Continues | Worlds Construction - Building Home Styles Improvement

May 31, 2010

[…] 2009–for $28,000,000. The buyer, whose identity remains a mystery, are not, according to what one report called the ‘coconut wireless,’ celebrities or household […]

More Articles from Hawaii Life