Concierge Auctions announces another astounding Hawaiian property auction. On August 23, the firm will conduct a live, on-site auction of Pueo Point, a premier ocean bluff residence and adjacent lot located on the North Shore of Kauai, a destination of choice for luxury vacationers and A-list celebrities.
The property is being sold in two bidding segments, one for the main residence, perfectly situated on 1.32 acres, and one for the adjacent 1.67-acre lot. These parcels combined have a 2/3 undivided interest in an additional four acres of perfectly manicured common area. Previously offered for $9.8 million, the suggested opening bid for this luxury residence in Hawaii is $3.8 million. Never previously listed and appraised for $3.7 million, the suggested opening bid for the lot is $1.5 million.
Perfectly situated on prestigious Anini Vista Drive, Pueo Point exudes the very essence of Kauai – secluded and casual living amidst unsurpassed tropical surroundings.
A selection of stunning photos to show this spectacular property. And yes – you read the prices correctly. Originally almost ten million dollars and an opening bid being asked of less than four. If any body doubts the financial crisis is still in full swing – that should give you an idea. A great deal of investment properties are becoming considerably less expensive thanks to lack of available financing, and it will be interesting to see where this one sells at. Although – not strictly an investment property, a 60% reduction in price is quite a sum.
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This house looks absolutely stunning. The view is also amazing. I would be surprised if this stays on the market for long.
wow, would love ore photos! this is amazing