Concierge Auctions Announces The March 22nd Auction Without Reserve Of The Water Falling Estate - A 9.44-Acre Luxury Home Set On A Breathtaking Cliff Along The Hamakua Coast

NINOLE, Hawaii, Feb. 13, 2014 /PRNewswire/ -- New York-based Concierge Auctions is pleased to announce the March 22nd auction without reserve of the Water Falling Estate, a unique Hawaii compound perched above a triple decker waterfall on the scenic Hamakua Coast. Formerly a macadamia nut plantation, the land has been transformed into an impressive estate with a five-bedroom, 10-bathroom home, guest house, and a host of activities and amenities. Originally offered for $26.5 million, the Water Falling Estate will sell to the highest bidder in cooperation with Kelly Moran of Hilo Brokers Ltd.

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"The Water Falling Estate is a work of art — a tropical retreat inspired by the designs of Frank Lloyd Wright," stated Moran. "To have an oceanfront location paired with spectacular waterfalls is simply a buyer's dream. With a stunning design aesthetic and resort-level amenities, this cliff-side estate is unlike anything else in Hawaii, maybe in the world."

The approximately 10,000-square-foot oceanfront residence is an architectural masterpiece that offers panoramic views of the Pacific Ocean. The four-story structure features high-quality construction and meticulously designed finishes. The property offers first-class athletic facilities including a 450-seat tennis stadium and basketball court, a 9-tee gold course, a paved running track, and an Olympic infinity pool with a two-story waterslide. The rooftop of the home features a large helipad with three landing pads.

The spectacular entryway leads to a grand living room inside the home, where visitors can easily access all floors with the central glass elevator. The third level of the house features two master suites, each with his-and-hers bathrooms, spa tubs, walk-in closets, and covered lanais. The mezzanine area houses an office and an exercise room with a bar.

"Fifteen years ago, I went past this property on my jet ski and was stunned by the incredible beauty of the triple decker waterfall. I immediately began dreaming of different designs that I could create on this land," stated the builder, Scott Watson. "With such an extraordinary lot, I knew that we could not waste this space on anything less than one of Hawaii's most spectacular homes. This is a 'forever home,' brilliantly engineered and made entirely out of concrete so that it will stay intact for every generation to enjoy the luxury that this estate provides. We spared no expense on the architecture, and the result really is second to none."

"We are excited to celebrate the milestone of our 30th auction in Hawaii with such an amazing property as the Water Falling Estate," stated Laura Brady, Managing Director of Concierge Auctions. "Hawaii has always been a stronghold for us, as the state offers so many unique homes, and it's residents enjoy activities and landscapes unlike any others in the world. It's an unbelievable lifestyle, and Water Falling takes full advantage — lush foliage, Pacific Ocean views, unbelievable sports facilities and all. It's like your own private Hawaii resort."

The auction of the Water Falling Estate, located at 21-1056 Old Mamalahoa Highway in Ninole, Hawaii, will be held live on March 22nd. The property will be open for preview daily from 1-4pm and by appointment. See Auction Terms and Conditions for full details. For more information, visit HawaiiLuxuryAuction.com, call 888.953.1310 or join the social discussion at #ConciergeAuctions.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-net-worth sellers nationwide through an accelerated marketing process that obtains fair market value for unique, high-end properties in a 60-day timeframe. The company has executed auctions in 25 U.S. states from New York to Hawaii, typically valued between $2.5 million and $20 million, and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all U.S. states and 109 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury properties over the past 10 years. The firm has sold over $500 million in properties since its founding in 2008. For more information call 888-966-4759.

This property is listed for sale by Hilo Brokers, Ltd (RB-16215), 400 Hualani Street, Ste 296, Hilo, HI 96720 (808) 969-9400; Kelly H. Moran CCIM, CIPS, Realtor (RB-14603). Concierge Auctions, LLC has an Auctioneer's License issued by the County of Hawaii, is the provider of auction marketing services, is not a brokerage, and is not directly involved in selling real property. The services referred to herein are not available to residents of any state where prohibited by applicable state law. Concierge Auctions, LLC, its agents and affiliates, broker partners, Auctioneer, and the Sellers do not warrant or guaranty the accuracy or completeness of any information and shall have no liability for errors or omissions or inaccuracies under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials. This is not meant as a solicitation for listings. Brokers are fully protected and encouraged to participate. See Auction Terms & Conditions for full details.

SOURCE Concierge Auctions