Absolute Auction of Premier Oceanfront Estate in West Maui, Hawaii, Developed in Cooperation with Investor Jack Canfield, Originator of the Chicken Soup for the Soul® Series, to Commence on May 27

Concierge Auctions to conduct Maui's first ultra-luxury property auction

PR Newswire
MAUI, Hawaii
May 13, 2011

MAUI, Hawaii, May 13, 2011 /PRNewswire/ -- A new auction date of May 27 for the "Jewel of Kahana," one of the Hawaiian Islands' most premier residences, invested in by "America's #1 Success Coach" Jack Canfield, the originator of the Chicken Soup for the Soul® series, has been announced by Concierge Auctions. Thus far 4 bidders are registered for the auction, and an opening bid is in place. The property is currently listed for $15.9 million, and bidding will begin at $9.5 million. Originally scheduled for May 12, the adjusted auction date will allow the registered bidders additional time to conduct due diligence on the property and will also enable new bidders to become involved. The sale is being conducted in cooperation with listing agent Mary Anne Fitch of Maui Estates International LLC.

4809 Lower Honoapiilani Road offers a private lifestyle with all the elements one would expect from a five-star resort. Designed by architectural team Jim and Karen LeCron of Arri/LeCron Architects, Inc, this 9,700-square-foot residence sleeps up to 16 people in its eight master suites including the detached ohana guest quarters. Each suite features its own sliding glass doors with access to an outdoor lanai or terrace, wet bar, flat-screen television and turquoise water views. Luxurious bathroom appointments include double vanities, custom wood cabinetry, freestanding, oversized soaking tubs and custom-designed tile and glass showers. Every detail of the layout and appointments takes advantage of the estate's magnificent slice of Maui oceanfront property with views of Molokai and Lanai.

Maui meets all the criteria for a tropical paradise including swaying palm trees bordering perfect white-sand coves, free-falling waterfalls etching the faces of mountains, voluptuous jungles bursting with bright color and moonlight sparkling on calm, turquoise seas. Next to Waikiki, Maui is Hawaii's most popular destination, welcoming 2.5 million people each year to its sunny shores.

The absolute auction of 4809 Lower Honoapiilani Road will be conducted "live" on May 27. Bidders will be able to participate in person or proxy via telephone or Internet. A 2.5% commission is offered to the buyer's representing broker. Additional broker and buyer incentives are offered for opening bids. See Auction Terms and Conditions for full details. The property is available for preview daily between 1 and 4pm. For more information visit www.MauiLuxuryAuction.com or call 866-640-7726.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe. As a preferred auction partner to Sotheby's International Realty® and other luxury brokerage firms nationwide, the company has executed auctions from New York to Hawaii and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years. Contact: 888-966-4759 or www.ConciergeAuctions.com.

SOURCE Concierge Auctions