Tranquil Hawaiian Escape Built Along Surfing Mecca "7-Mile Miracle," A Revered Stretch Of Coastline Located On Oahu's Famed North Shore, To Sell At Auction Without Reserve

Concierge Auctions and Coldwell Banker Pacific Properties to sell trophy island estate at a live auction on February 25th

Jan 19, 2016, 14:40 ET from Concierge Auctions

OAHU, Hawaii, Jan. 19, 2016 /PRNewswire/ -- A stunning, Zen-like escape built on premier and legendary beachfront property along Hawaii's famed North Shore of Oahu will sell at auction on February 25th through NYC-based Concierge Auctions. Located along the famed "7-Mile Miracle," revered globally as the mecca for surfing, the estate - known as Hale Kahakai – is an architectural work of art featuring Chinese and Japanese antiques throughout, with an authentic focus on tranquility. Previously offered for $22 million, the property will sell without reserve in cooperation with Anne Hogan Perry of Coldwell Banker Pacific Properties.

"Hale Kahakai is an extraordinary piece of land that embodies the word tranquility," Hogan Perry said. "Its magnificent panoramic coastal views showcase grandiose mountains, endless sugar sand beaches and countless sea turtles. The entire home experience elicits a sense of history, culture and oneness with nature. We expect many sophisticated buyers from around the world to vie for a chance to own this piece of paradise on auction day."

Built by its current owners, Hale Kahakai – located at 61-785 Papiloa Road - is a trophy estate that seamlessly integrates indoor-outdoor living. The property features six bedrooms and seven-and-a-half bathrooms including its 'master space' – an entirely designated second floor encompassing an en-suite bedroom, wet bar and large office that opens to two expansive terraces with views. The residence also includes a gourmet kitchen, spacious dining room, state-of-the-art theater with surround sound and a main living room that completely opens up to the infinity edge pool, gardens and of course, the ocean. The lush grounds and gardens are landscaped with native Hawaiian plants, and there is more than 100 feet of beach frontage in addition to a separate guesthouse and caretaker's apartment.

Collected over a period of four years prior to its construction, Chinese and Japanese architectural antiques and antiquities adorn the estate including an 800-year-old Buddha in the pond; 300-year-old Chinese castle doors hanging in entry of the theater room; an antique Japanese shrine carving in the grand room; and custom doors, windows and lighting treatments utilizing antique Chinese window screens. Like a true piece of art, the exterior of the home and its sweeping roofline were modeled after the Honolulu Museum of Art.

"Our auction platform has proven powerful in Hawaii, where we've sold more than $120 million in real estate throughout the state since 2009. The Hawaiian Islands attract buyers from around the world, so our global exposure is especially effective," said Concierge Auctions President and Founder Laura Brady. "Hale Kahakai is one of the finest estates we've had the pleasure to represent in Hawaii, and I'm confident its premier location and architectural pedigree will especially resonate with potential buyers."

Home to 80 percent of Hawaii's population, Oahu offers endless recreational opportunities including surfing, paddle boarding, kayaking, scuba diving, snorkeling, mountain biking and hiking. Oahu's North Shore coastline abuts a seabed formed by lava flow, driving magnificent waves and making its world-renowned beaches a destination for the surfing elite and home to leading competitions around the world including the Triple Crown of Surfing Championships.

Concierge Auctions will conduct open house previews of Hale Kahakai daily from 1 to 4pm and by appointment. A 2.5% commission is offered to the buyer's representing broker. See Auction Terms and Conditions for full details. For more information, call 212.257.5018.

About Concierge Auctions
New York-based Concierge Auctions is the dominant marketplace for buying and selling the world's finest properties. Since its founding in 2008, Concierge's business has spanned 27 US states and 5 countries, resulting in over $900 million in sales and many record-setting transactions. Concierge recently received the "Best Overall Marketing" award from Who's Who in Luxury Real Estate, a global collection of more than 130,000 real estate professionals in more than 60 countries, and has been named one of America's fastest-growing companies by Inc. Magazine for the past two years.

Kari Neering
Gina Maruschak

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