Concierge Auctions to Sell Six Luxury Hawaiian Properties During a Live Auction in Kauai, Hawaii on October 14

Mali'e Wai and the Villa at Secret Beach selling to the highest bidders regardless of price

PRNewswire
KAUAI, Hawaii
Sep 14, 2010

Two luxury residences, two lakefront lots, and an 11-acre agricultural property - all within a private, gated subdivision adjacent to a reservoir on Kauai's lush north shore - and an ocean bluff villa with an exclusive Kauapea Road address will sell to the highest bidders regardless of price, Concierge Auctions has announced. The live, on-site auction at Mali'e Wai and the Villa at Secret Beach will be held on October 14 in cooperation with Koa Properties.

"On the heels of the successful auctions of the Pueo Point residence and adjacent lot last month and two Kealia Kai properties in March, I'm thrilled to be working with the Concierge Auctions team again," stated Neal Norman, founder and Principal Broker of Koa Properties, the leading real estate firm on Kauai. "Mali'e Wai and the Villa at Secret Beach are unique and premier Kauai properties, and the fact that they are selling absolute renders a tremendous opportunity. With so many different properties in this auction, any buyers searching for Kauai real estate can become involved."

Mali'e Wai, which means "Quiet Waters," is a 16.29-acre architectural gem located on a private reservoir on Kauai's north shore, close to numerous amenities and minutes from some of the island's finest beaches. Five parcels are being offered within this luxurious lakefront estate, individually or combined, including two luxury homes, two lakefront lots, and 11 acres with an agricultural accessory building. The first home contains 2,763 square feet, two bedrooms, two and a half bathrooms, a pool and a spa on 1.43 acres and was originally listed for $3.1M. The second home contains 3,653 square feet, four bedrooms, three and a half bathrooms, a pool and a spa on 1.78 acres and was originally listed for $3.4M. The lots are 1.06 acres with 140 feet of lake frontage and 1.02 acres with 265 feet of lake frontage, originally listed for $750,000 and $895,000 respectively, and both offer unobstructed lake and mountain views. The agricultural accessory building, situated on 11 acres with lake frontage, contains one and a half bathrooms, a loft and generous entry deck. It was originally listed for $900,000.

The Villa at Secret Beach, also known as Lewalani ("highest of the heavens"), is the crown jewel of four properties in a 40-acre Kauapea Road estate owned by The Michele Hughes Company. Situated on an ocean bluff lot of just over four acres, the site offers unobstructed, panoramic views of the north shore's stunning coastline and Kauai's signature Mount Makana (Bali Hai). Previously listed for $9,800,000, the property includes a 3,104-square-foot, three bedroom, four bathroom home, a saltwater pool and heated spa, and a private trail to one of the most beautiful beaches in the world, Kauapea, known to most as Secret Beach.

"I have felt incredible pride as owner of this coveted ocean bluff property and have been blessed with a creative opportunity to oversee its dramatic metamorphosis," stated Michele Hughes, CEO of the Michele Hughes Company. "Borrowing from nature's palette, the Villa is a testimony to my passion for creating aesthetic properties with a quintessential Hawaiian motif. It is a world unto itself. It was a true pleasure working alongside Concierge Auctions and Koa Properties last month on the sale of Pueo Point, and I look forward to another successful outcome with this auction."

"We're excited to continue our momentum in Hawaii, and as we near $50M in Hawaiian sales it is particularly gratifying to work with repeat, satisfied clients such as Ms. Hughes and referral clients such as the sellers of Mali'e Wai," said George Graham, CEO of Concierge Auctions. "In the face of difficult market conditions in Hawaii, our success has demonstrated that we are able to find real buyers who are willing to pay a fair market price for luxury homes. The benefits of an absolute auction are huge for both buyers and sellers. The seller has certainty that their property will be sold in a determined timeframe, and the buyers are able to name the price with confidence in a live, transparent forum. Armed with this truest form of auction, premier properties, and the most motivated sellers on Kauai, we look forward to a successful event on October 14."

The auction of Mali'e Wai and the Villa at Secret Beach will be held at 11 a.m. on October 14. Attendance will be limited to registered bidders and their representatives. A 2.5% commission is offered to the buyer's representing brokers. See Auction Terms and Conditions for full details. The properties at Mali'e Wai - 5-1105 Kuhio Highway, Kilauea - will be open from 1-4 p.m. daily and by appointment beginning September 13. The Villa at Secret Beach - 2878 Kauapea Road, Kilauea - will be open from 1-4 p.m. daily and by appointment beginning September 27. For more information visit www.MalieWaiAuction.com and www.SecretBeachAuction.com, or call 877-214-3785.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide. A leading provider of services for individual and institutional owners of luxury residential real estate, Concierge Auctions is revolutionizing the industry by offering an accelerated marketing process that obtains fair market value for high-end properties in a determined time frame. Building on a centuries-old method for selling the finest art and antiquities, the company combines the latest technologies and marketing programs with experienced personnel to generate the maximum value for the most premier properties in an open, competitive forum. As a preferred auction provider to Sotheby's International Realty® and other luxury brokerage firms, the company has executed auctions throughout the country, from New York to Hawaii. The company's database includes more than 50,000 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. For more information, call 888-966-4759 or visit www.ConciergeAuctions.com.

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SOURCE: Concierge Auctions

CONTACT: Kari Neering of Rubenstein Public Relations for Concierge
Auctions, +1-212-843-8392, kneering@rubensteinpr.com

Web Site: http://www.conciergeauctions.com/
http://www.maliewaiauction.com/
http://www.secretbeachauction.com/


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