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SOLD
MLS: 264501
 
Asking Price: $26,500,000 Fee Simple
Sold Price: $5,750,000
Sold Date: 04/30/2014
Type: Residential
District: North Hilo
Street: 32-1056 Old Mamalahoa Hwy
Neighborhood: Waikaumalo-maulua Homesteads
Beds: 5   Full / 2 Half
Living Area: 8,100 SF
Land Area: 8.08 Acres
Pool: Yes
Parking: Covered
Amenities: Ceilings-9\'+,ADA Accessible,BBQ/Cooking Pit,Ceiling-Cathedral,Ceiling-Vaulted,Enclosed Lanai,Elevator,Exterior Lighting,Floor Drain,Landscaped,Mezzanine Office,Overhead Door,Office,Kitchen-Outdoor,Putting Green,Park/Playground,Restroom-Private,Recreation Area,Raised Floor,Recreation Room,Storage Area,Smoke/Heat Detector,Tennis Courts,Bar-Wet,Walking/Jogging Path
Days on Market: 3943
Year Built: 2011
Easements: Electric
Zoning: A-20A
Roads: Private,Paved
Property Taxes: $20,900
Assessed Value: $2,967,700
Assessed Ratio: 892.95%
Listing Courtesy: Hilo Brokers Ltd
Terms Acceptable: Cash,Conventional,Open,PMM
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Waterfalling... A Luxury Corporate Retreat or Family Legacy

AUCTION: March 22nd. Previously $26.5M. Selling Without Reserve, to the highest bidder. Set on a breathtaking cliff along the Hamakua Coast, this former macadamia nut plantation has been transformed into a jaw-dropping, 9.44-acre estate with unparalleled amenities and never-ending views of the Pacific. This is a home for big living — for plunging off the high dive, hitting a hole in one, listening to the rush of waterfalls, and spectacular whale watching from your bedroom.

The four story superstructure of reinforced concrete is designed for any floor plan. A central 52 inch round elevator makes all three floors of living space accessible to all. No expense has been spared. First class athletic facilities include: an Olympic size swimming and diving pool, a private golf course, and a tennis and basketball stadium.

This residential estate on 8 oceanfront acres has a rooftop deck built to accommodate helicopter landings. Enter on the second floor, where you’ll find a spectacular entry, grand living room with wet bar, a chef’s kitchen and all with waterfall and ocean views. Floors are oyster quartzite, and travertine, counters –blue Labrador granite, appliances – stainless steel. Centrally located is a 3-story Daytona pneumatic handicap capable elevator.

The third level houses two master suites, each with \"his & hers\" bathrooms and spa tubs, walk-in closets and covered lanais. The mezzanine area houses an office and an exercise room with bar. The pool level houses a game room, media area, large wet bar and two guest suites. There are 4 bedrooms located in the main residence, and an additional bedroom in the guest house adjacent to the parking garage.

Also included in the sale price an adjacent 1.36 acre parcel.


 
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