A parcel of land that overlooks the Pacific Ocean is for sale for $65 million, making it the most expensive piece of land in the world.
The land has an elevation that goes from a black-sand beach on the western shore of the 'Big Island' to a 1,000-foot overlook.
The expansive parcel has been owned by the developer and seller for over a decade. Why are you selling now? Anderson wants someone to have the chance to use the land.
One of the last parcels of land that can offer build-out potential, a desirable climate year-round, and indoor- outdoor living is the location of Pali Kai. Anderson said that the land could be used to create a legacy for generations to come.
Carrie Nicholson is an agent for Anderson.
The property is different from the rest. There are people out there looking for unique properties. On its own, it stands out. She said it's special.
Nicholson is representing the listing. She said that the property has no reserve and will be sold to the highest bidder. Buyers are able to bid from anywhere in the world. The online bidding will start on Nov. 10 and end on Nov. 17
A brief overview of previous land sales in Hawai'i gives a compelling snapshot for comparison and potential. The luxury real estate market in Hawai'i broke records in 2011. The land that sold for $30 million in 2006 was the second highest residential home sale in the state when it sold for $43 million in July 2021. Forbes reported on a 3.6-acre parcel in Kaupulehu that sold for $34 million. Nicholson was involved in this deal as well.
Nicholson said that with such a large parcel of vacant land hitting the market, it's one to watch and could create a new high-water mark.
The location is a great thing about this property. She stated that it has the most amazing views.
Nicholson has worked in real estate for 20 years and has been involved in many important deals. She said that the Big Island is a great place to find rare opportunities.
The owner is fond of looking all around the world for unique properties. One example. There are 13 tax map keys and 13 lots. She said that someone could build a single home on each parcel.
The property is perfect for a person who wants a large family estate.
Someone who understands and appreciates the beauty of the land and is willing to preserve and honor the space is the ideal person. The lot is great as a legacy property because it can be enjoyed by a family and people who want to be in an environment where the weather is warm all the time. There are many options for orchards and gardens, a pool and tennis courts, private roads, agricultural areas and equestrian facilities. I would like to live in a self- sustainable way with gardens and fruit trees. There are two permitted wells for water, and there's electricity and everything else that's needed for utilities to the property, she said. Imagine the possibilities.