Concierge Auctions' Hawaiian Momentum Continues With Three Kauai, Hawaii Ocean Properties - One Selling Without Reserve

Two 5-acre sites and one 24-acre site on Kauai's North Shore to sell in cooperation with Sleeping Giant Sotheby's International Realty and Hawaii Life Real Estate on June 18th

PR Newswire
KAUAI, Hawaii
May 18, 2012

KAUAI, Hawaii, May 18, 2012 /PRNewswire/ -- San Francisco and Kauai-based The Michele Hughes Company, which specializes in the land acquisition, design and creation of luxury residences, has engaged Concierge Auctions to sell three of its prized ocean bluff properties overlooking Secret Beach on the North Shore of Kauai, Hawaii. The two 5+acre sites, with luxury villas known as Hale Nanea and Hale Lani, and one 24-acre site with exclusive Kauapea Road addresses, will sell Bidder's Choice - one Without Reserve - and follow three prior successful auctions that Concierge has conducted for this Seller. The bidding will be conducted live, on-site on June 18th in cooperation with Debra Blachowiak (PB) and Paul Kyno (RA) of Sleeping Giant Sotheby's International Realty and Roni Marley (RB) of Hawaii Life Real Estate.

"These properties are the crown jewels of an originally-40-acre Secret Beach oceanfront parcel that I have been blessed to nurture and develop over the past thirty years. Existing in support of the native surroundings, they beckon the construction of up to six new estate residences," stated Michele Hughes, CEO of The Michele Hughes Company. "I am excited to work again with Concierge Auctions and to find owners who will cherish these properties and enjoy the Island lifestyle they so ideally enable."

Originally listed for $8.5M each, the 5.325 and 5.03-acre bluff estates at 2884 and 2908 Kauapea Road are privately gated and surrounded by manicured lawns and tropical gardens, and the 24-acre parcel known as Lot 36 spans the oceanfront area of the site. Panoramic views of fertile mountains, lush valleys and turquoise Pacific waters extend for miles. While the bluff properties feature luxury villas Hale Nanea ("Home of Joy and Tranquility") and Hale Lani ("Heavenly Home"), both of which include a vacation rental permit, each also allows for the construction of two new residences and has perpetual pedestrian easements to Secret Beach - perfect for snorkeling, swimming, beachcombing, windsurfing, stand-up paddling, fishing and kayaking. The oceanfront site spans 2/3rds of a mile along Secret Beach and also allows for two new residences and a guest home.

The four parcels collectively were originally listed for $24M and in total allow for six main residences and three guest homes.

"It is very rare to find such an expansive, individually-owned ocean bluff parcel on the North Shore," stated Blachowiak. "Not only are these properties unique and remarkable, but the fact that Ms. Hughes is allowing the bidders to name the price - one without reserve - makes this a truly compelling opportunity."

With lavish landscapes, cascading waterfalls and sprawling beaches, Kauai, also known as Hawaii's "Garden Island," is often referred to as one of the world's most dramatic destinations. Its North Shore - the crown jewel of the island - boasts some of the most spectacular scenery and is a top-choice for luxury vacationers and A-list celebrities. Secret Beach is mere minutes from shopping, dining, tennis and golf. The nearby St. Regis Princeville Resort is home to Kauai Grill, helmed by Michelin-awarded Chef Jean-Georges Vongerichten, and also offers 18-hole and 27-hole golf courses designed by Jack Nicklaus and Robert Trent Jones, Jr. Kilauea is 25 miles from the Lihue Airport, served by eight air carriers with direct flights from Los Angeles, Phoenix, San Francisco and Seattle and is an easy 20-minute flight to Honolulu and the outer islands.

"Our momentum continues to build in Hawaii, as we near $70M in sales on the Islands in only three years," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "Our skill at pairing able buyers with motivated sellers has driven our 100% success rate on Kauai, and our repeat work with unmatched properties from devoted clients such as Ms. Hughes is particularly gratifying."

The auction of 2884 and 2908 Kauapea Road and the oceanfront parcel will be held on June 18th. Attendance will be limited to registered bidders and their representatives. Remote bidding will be available. A 2.5% commission is offered to the buyers' representing brokers. See Auction Terms and Conditions for full details. The properties will be open for preview daily from 1-4pm and by appointment. For details visit SecretBeachAuction.com or call 800-223-1429.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction marketing 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. For more information, call 888-966-4759 or visit ConciergeAuctions.com.

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SOURCE Concierge Auctions