Why did Jeff Bezos choose this particular compound from Maui?

Amazon founder Jeff Bezos completed a shopping spree in Maui. The multi-billionaire and his girlfriend, Lauren Sanchez, would have made a huge land grab on Valley Island.

The off-market deal was reportedly priced at $ 78 million, which would set a new record for real estate in Maui.

So what drove the suborbital space traveler to seize earthly delicacies? We spoke with local experts for an interior view.

But first, a little background.

Known as the Carter Estate, the property is located on the south shore of the island. Doug Schatz, co-founder of Advanced Energy of Colorado, previously owned the spread on La Pérouse Bay.

He bought it with business partners for $ 4.2 million in 1996. In 1998, he and his wife bought out the partners and started building a resort.

The 14-acre offering would include a 4,500-square-foot main house, a 1,700-square-foot guesthouse and a 700-square-foot pool. The ultra private and rare property includes seven plots of land, a fish pond and a private white sand beach.

The outdoor kitchen includes a fireplace, according to Maui Magazine. There was a tennis court, which was removed by the owner.

The area is mostly wooded, with a main house, note David Richardson, a Hawai’i Life agent, who represented the property in 1998.

“It’s a pretty special place, very private,” he says. “It’s a great little place.”

Even so, the deal took Richardson by surprise.

“I didn’t think he would sell,” he says of the owner. “But $ 78 million would get anyone’s attention.”

Private beach

All of Hawaii’s beaches are primarily public, notes Richardson. So this property, which includes the above mentioned fish pond, which is actually a small private bay, is a rare acquisition. The ancient fish pond, which connects to the ocean, was traditionally used to catch fish to feed a tribal chief.

“You actually own the beach and you own the pond. So it’s very unusual, ”says Richardson. “Having your own private beach and bay that you can snorkel that no one else can get in is pretty cool.”

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Watch: How Much Housing Could Jeff Bezos Afford in Amazon HQ2 Candidate Cities?

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Surrounded by nature

In addition to the private beach and the land by the sea, the area offers even more seclusion, thanks to a nature reserve. Thousands of acres of protected land surround the site. A lava field is nearby and the rugged terrain offers many coastal hikes.

Located on the bay of La Perouse, the area is a snorkeling paradise.

Golf Club

The establishment is located just a few kilometers from the Makena Golf & Beach Club, which is reserved for members. Coming out of a lockdown, the upscale club has been taken over by Discovery Land Company, a developer that promises an exclusive experience.

Membership is granted to owners on club property. Bezos was spotted there, but it’s unclear whether he came as a guest or bought a house there as well.

Maui Market

The Bezos transaction crowns a high-flying year for sales in the tropics. This summer, the $ 45 million sale of the Maui home appeared to be the second highest sale in state history, following the $ 46 million sale of a Kauai property in 2018.

The Maui market was hot even beyond banner sales.

“There is no year like this,” said Matt Beall with Hawaii Life. Single-family homes have seen a lot of recent activity, which he attributes to the COVID-19 pandemic.

“People mostly wanted single-family homes,” he says. “I don’t think the demand is going to go away.”

And for luxury properties, “there isn’t a lot of inventory,” Beall says.

Hawaii, which has never been cheap, only got more expensive during the pandemic. According to Realtor.com®, the median list price in Maui is $ 878,500, with 760 active homes for sale.

Beall notes that due to travel restrictions, sales largely come from domestic buyers. He expects pent-up demand from international buyers to hit the islands hard.

“On the demand side, I think we’re in totally new territory,” he says.

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