5Dec/090

Kauai Real Estate Sale Biggest in Hawaii

Saturday, November 28, 2009: Entertainment executive Peter Guber sold his 174-acre property on Kauai for $28M. Tara Plantation sat on the market for 4 years. The transaction is the largest real estate purchase in Hawaii this year overall. Tara Plantation features a 15,000 square-foot house and two 4,000 square-foot guest bungalows. In 1998 Guber's Mandalay Properties Hawaii LLC bought the oceanfront site on Papa'a Bay on Kaua'i's northeast coast. He paid about $7 million for the beautifully situated acreage.
He built the quarters in 1999 to 2000. It includes a main house with six bedrooms and 8 1/2 baths. He built a caretaker's house and stables. The main residence includes a yoga studio and two living rooms. The estate also boasts a spring-fed pool. BTW if you are looking for Kauai Real Estate then I suggest Sleeping Giant as they are one of the best real estate firms on island.
All in all, Guber listed the property at first for $46.5 million. After sitting for some time he ended up lowering the price to $39.5 million. It was listed with Coldwell Banker Bali Hai Realty.
A local real estate agent, Ricky Cassiday has been quoted as saying, "It's a magnificent place.” He described the property as situated on a bay in such a way that its sandy beach is safe from large surf and provides privacy."This is a great hideout. It has all the elements," said Cassiday. The Kauai sale was almost double the highest-priced real estate transaction earlier this year. That $14.7 million deal was a residential property at the Hualalai Resort on the Big Island.

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14Nov/090

Island of Niihau, Hawaii’s Forbidden Isle

Niihau Island is the western-most and the smallest of the inhabited Islands of Hawaii. It covers about 70 miles and lies about 17 miles southwest of Kauai, across the Kaulakahi Channel.
All in all, the island has about 130 permanent inhabitants, almost all of them, native Hawaiians. They are supported mostly by welfare, supplemented with fishing and farming. Niihau is overseen and owned by the Robinson Family. Keith and brother, Bruce Robinson, are descendents of the Elizabeth Sinclair-Robinson who bought the island in 1864. In 1863, King Kamehameha IV put the island up for sale. “Eliza” Sinclair, who lived on the island of Kauai, bought it for $10,000. There are no automobiles allowed on the island, so you will not see anyone there rolling around in their Nissan Sentra or Ford explorer.
Under the Robinsons, the cultural and ecological heritage of Niihau has been in some great measure preserved. Their way of life has continued without telephones, cars, televisions, radios, or cell phones. They pay no rent, and are subsidized in various other ways. They speak Hawaiian as a first language, and English as a second, and maintaining their cultural identity is encouraged. Tourists are generally not allowed on the island, with the exception of a limited amount of beach, hiking, diving, and hunting tours. If you are in Hawaii and not on this island and are looking for a great Hawaii Nissan dealership I would like to suggest King Windward Nissan as they are simply among the very best such dealership in the state if you are looking for a quality Nissan to drive during your stay in Hawaii. Keith Robinson, who owns and serves as “caretaker,” along with brother, Bruce Robinson, for the Hawaiian Island of Niihau, has dedicated himself to the preservation of the culture in Hawaii in general and the ecological heritage of Niihau as well. He has spent many years working to preserve endangered plant species of the Islands, particularly Niihau.

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