Maui Luxury Home Auction Scheduled

May 5, 2011

By Melissa Tanji, Maui News, Published May 3, 2011

A Kahana home previously listed for $15.9 million will be sold at what’s believed to be Maui’s first super-luxury real estate auction on May 12.  Yes, $15.9 million.  It’s something average Mauians could never afford – and may not even have imagined existed in their own backyard.

Island Realtors said the price is actually not unusual, but some who have toured the “Jewel of Kahana” say it’s one of the more spectacular properties they’ve seen on an island with no shortage of opulent homes. The house has more than 275 feet of lineal oceanfront views, eight oceanfront master suites and an open-air living area with ground-to-ceiling views of the Pacific.  The 9,800-square-foot Kahana home can accommodate up to 16 guests and comes fully furnished with top-of-the-line custom wood cabinetry and stone features, flat-screen televisions, vessel sinks that resemble seashells, and fixtures and furnishings that wouldn’t be out of place at a five-star hotel. The main house and ohana are connected under the same roof. Beach access is right next door. The only thing not included in the sale is the artwork.

Fitch brought on Concierge Auctions to handle the sale after she was impressed by the company’s success on the Big Island and Kauai.  It was Concierge that sold Cher’s Hualalai Resort home at auction in January for a winning bid of $8.72 million, said Laura Brady, Concierge’s vice president of marketing.  Fitch said that she worked with Concierge for several months to determine which property would be appropriate for this type of auction, noting that Concierge had the resources to find potential buyers that she would not be able to reach on her own.  Concierge is suggesting $7.5 million as the opening bid.  “This is not a suggestion of the home’s value, but rather a point that we feel all bidders should be prepared to begin their bidding,” Brady said in a later email. “The ultimate sale price is not up to us or the seller, but rather to the bidders.”

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