After being absent in 2013, the luxury Real Estate market has resurfaced on Kauai in 2014 with eight MLS property sales over $5 million. Three luxury homes sold on the south shore in the $6-7 million range, one on the ocean and two high-end homes at the private golf resort community of Kukui’ula. Two luxury estate homes, one beachfront and one on the ocean bluff, traded in the $5 million range on the north shore. Three vacant land sales, two of them developable parcels on the south side and a $7 million beachfront property on Hanalei Bay recorded as well last year.
In addition, two significant real estate transactions recently occurred on the north shore of Kauai outside the MLS system. Billionaire businessman Chanchai Ruayruang of Reignwood International, reportedly purchased approximately 1,103 acres at the Princeville Resort, including the Prince Golf Course, for $343 million, replacing Morgan Stanley as the Resort Group’s new capital partner. News that Discovery Land Co., a full service real estate development company specializing in luxury private communities, will be managing and overseeing the master development plan and turning the Prince Golf Course into a private golf resort community similar to Kukui’ula on the south side has also surfaced. The other significant real estate acquisition of over $100 Million was by Facebook’s Founder and CEO, Mark Zuckerberg. It reportedly entailed two large pieces of land located on the north shore of Kauai, combining over 700 acres.
As the oldest Hawaiian Island, Kauai’s is also known as the Garden Island! Despite having been put on the world map and into the 21st century, Kauai has remained true to its nick-name with the majority of the island featuring pure, unspoiled nature zoned conservation. It is the perfect place for people who appreciate a simple but high-quality, tropical outdoor lifestyle – Hawaiian style with Aloha! Visit for a while and stay forever!
Kauai Real Estate Services and Vacation Accommodations
If you are considering buying a home on Kauai you can see some of the island’s best real estate deals by browsing through the Coldwell Banker Bali Hai Realty Kauai Real Estate Galleries, or use the Map-Based Kauai Home Search.
For the finest quality Kauai vacation rentals including luxury estates, condos, cottages and beach villas, see our Kauai Vacation Rental Galleries or use our new Map-Based Vacation Rental Search feature.
Also please feel free to give us a call. The Bali Hai Realty staff will be happy to help you find the perfect Kauai vacation rental or assist you in the process of buying or selling a Kauai home. We also offer the highest level of personalized Concierge Services to help you plan your Kauai vacation activities.