Kapalua, Maui - Fabulous Estate on the market at Plantation Estates

Kapalua, Maui

197 Plantation Estates, a fabulous home across the street from the ocean, just came on the market at an attractive price of $4,295,000.

This elegant home sits on a prime 2-acre lot with beautiful views of Molokai and the ocean, showcasing waves and whitewater breaking on Makaluapuna Point and Dragon Teeth. It also offers a first class seat on the 2nd fairway of the Plantation Course. Access through its private gate, the estate is perfectly located at the entrance of Plantation Estates and just minutes walk away from Fleming Beach. Click here for more information

Maui, HI - Lipoa Point officially conveyed to the state

BY LOUISE ROCKETT , Lahaina News

WEST MAUI - "Now, therefore, I, Shan S. Tsutsui, acting governor of the State of Hawaii, do hereby proclaim October 9, 2014, as Lipoa Point Day in Hawaii."

This was a proclamation heard around the world.

Congratulations and celebrate, West Maui - a miracle has happened.

It's official. Maui Land & Pineapple Co. Inc. has conveyed approximately 250 coastal acres stretching along the rugged northwest shoreline from Honolua to Honokohau to the State of Hawaii for $19.5 million.

"It's huge. This is the realization of a dream that everybody had," beamed a very proud State Rep. Angus McKelvey.

State Sen. Roz Baker was equally pleased.

"This acquisition action, which culminates today, will ensure the protection and preservation of one of the most iconic landmarks in Hawaii while securing pension benefits for 1,600 retirees of the former Maui Land and Pineapple Inc. (MLP). This was all made possible with the passage of Act 241, which the Maui delegation and our colleagues at the legislature strongly supported.

"These lands hold important historical and archaeological sites and sits above a nationally recognized marine reserve. I am proud of the work that we have done to preserve these lands for our future generations to experience and enjoy, and that the funding set aside by this act goes to preserve pension benefits for many MLP and International Longshore & Warehouse Union retirees," Baker observed.

The road to preservation was not always clear.

In 2007, in response to the threat of the development of 40 homes and a golf course along the pristine shoreline, the powerful Save Honolua Coalition (SHC) was formed, and the march toward preservation began.

A groundswell of support came from all quarters - environmentalists, surfers, students, marine biologists, snorkelers, legislators and open space advocates.

Honolua Bay is a world-class surf spot and federal marine preserve.

Petitions were signed, placards were waved, bumper stickers and T-shirts were made and hours upon hours of testimony were heard.

All along, the message was loud and clear; and our county and state elected government representatives heard the collective plea: Save Honolua!

The county acted first, kick-starting preservation efforts in 2008 with a $1 million appropriation.

Our state lawmakers responded in 2013 with House Bill 1424, introduced by Representatives McKelvey, Mele Carroll, Kaniela Ing, Joe Souki, Kyle Yamashita and Justin Woodson.

It was signed into law (Act 241) by Gov. Neil Abercrombie mid-2013 in Wailea. Read more...

Aina Haina Parcel Sold for $13.5M - Singapore Entity Represented by Choi International, the Christie's International Real Estate Affiliate in Honolulu

Bill Cresenzo

Reporter-

Pacific Business News

Honolulu, Hawaii - A Singapore entity has purchased 2.6 acres of oceanfront property in Aina Haina from the Outrigger Canoe Club for $13.5 million.

The property at 5415 and 5345 Kalanianaole Highway contains a "cozy" five-bedroom home, said Patricia Choi of Choi International. The property was bought by Boon Han Holdings PTE. Choi said that the property could be developed or remain as is.

Maggie Huang, vice president of Choi International, represented the buyer.

The two parcels were previously listed for $16.3 million.

The Waikiki-based Outrigger Canoe Club, which had a deal to sell two parcels adjacent to Kawaikui Beach Park at the foot of Hawaii Loa Ridge to an Idaho-based nursing home and rehabilitation center operator that fell through earlier this year, paid $13.2 million to buy the property from a Japan-based entity in 2008.  Read more...

Maui home prices jump 21% in July on modest sales increase

Bill Cresenzo

Reporter-Pacific Business News

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The median price of a single-family home on Maui rose 21 percent in July on a modest increase in sales, while the median price of a condominium increased by 8 percent despite a 27 percent drop in sales, according to statistics released by the Realtors Association of Maui.

The median price of a single-family home in Maui County last month was $573,750, a 20.8 percent increase from $475,000 in July 2013, according to the Realtors Association of Maui.

That was based on sales of 98 homes, including two on Lanai and one on Molokai, which was 5 percent more than the 93 homes sold in July 2013.

The median price for a condo rose 8.4 percent to $387,500, from $357,625 in July 2013. However, sales dropped 26.8 percent to 82 units sold in July, from 112 condos sold in July 2013.

Maui Land & Pineapple Reports 2nd Quarter 2014 Results

KAPALUA RESORT, Hawaii, Jul 29, 2014 (BUSINESS WIRE) -- Maui Land & Pineapple Company, Inc. MLP +0.68% reported net income of $477,000, or $0.03 per share, for the second quarter of 2014, compared to net income of $831,000, or $0.04 per share for the second quarter of 2013. The Company reported revenues of $5.0 million and $2.6 million during the second quarters of 2014 and 2013, respectively.

In May 2014, the Company sold a 4-acre parcel and building that serves as the maintenance facility for the Kapalua Plantation Golf Course for $2.3 million. The sale resulted in a gain of $1.5 million.

In June 2013, the Company sold a 7-acre parcel that was the last of its former agricultural processing facilities in central Maui for $4.0 million. The sale resulted in a gain of $1.9 million.

For the six months ended June 30, 2014, the Company reported a net loss of $432,000, or $(0.02) per share, compared to a net loss of $984,000, or $(0.05) per share, for the six months ended June 30, 2013. The Company reported revenues of $7.5 million and $5.2 million during the six months ended June 30, 2014 and 2013, respectively.

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Montage Kapalua Opens on Maui, Hawaii

Luxury Travel Magazine

Golf Travel - Montage Kapalua Bay Opens in Maui, Hawaii

Montage Hotels & Resorts announces the grand opening of Montage Kapalua Bay, spanning 24 acres above picturesque Kapalua Bay, on the northwest coast of Maui.

Following a $15 million renovation of the former Residences at Kapalua Bay, the new all-suite resort is a private oceanfront escape with an emphasis on comfortable luxury, gracious service, memorable experiences and regionally inspired dining, all in an immersive Hawaiian setting.

Guest Suites 

Montage Kapalua Bay offers 50 luxurious residential-style suites, ranging from one to four bedrooms, to accommodate all types of travelers with the comforts of home. Montage Kapalua Bay also offers 54 Montage branded residences for purchase. Each room features large "lanais" (balconies), offering a panoramic view of the Pacific Ocean and neighboring islands. Guestrooms include a new, sleek color palette and furnishings, including day beds on the balconies, creating a flowing indoor and outdoor entertainment space. Suites are also equipped with full gourmet kitchens to prepare meals or where Montage chefs may prepare dinner for guests. Other comforts of home include signature Montage bedding, a spacious living area including a sectional sofa with an additional bed and a washer and dryer. Bringing a touch of the authenticity of the island into the experience, each guest suite will feature an original piece of hand-painted local artwork.

New Signature Dining Experiences

Montage Kapalua Bay's signature restaurant, Cane & Canoe, is reminiscent of a traditional Hawaiian canoe house, where locals and artisans would socialize, make sails, shave wood and weave baskets. In this historically rich setting, travelers and locals may dine together, savoring diversely influenced cultural cuisine under the direction of executive chef Riko Bartolome. 

The restaurant's interiors honor the Hawaiian culture with a comfortable, communal atmosphere with wood scrollwork, woven textures and vibrant floral touches. This homage to the past is captivatingly juxtaposed with the gifts of modern luxury, including sophisticated sofa banquettes and most importantly, a contemporary approach to cuisine, showcasing fresh, local ingredients. 

For a more casual dining experience, the outdoor Sunset Patio offers an all-day menu suited for leisurely poolside dining. The adjacent Hana Hou bar will also serve as the perfect gathering spot to end the day and take in the Hawaiian sunset. 

At the new Mahana Market, guests may purchase an array of Hawaiian gourmet goods. Open daily, guests may select from an assortment of "gourmet to go" prepared, local organic foods and curated wines. 

Health & Wellness 

Spa Montage Kapalua Bay, designed with inspiration from the mountains and ocean to create a peaceful surrounding with natural materials, is a 30,000 sq. ft. tropical wellness oasis with indigenous plants and immaculate design elements. Within this space, guests may experience all of the components that contribute to a balanced and healthy lifestyle in Hawaii, customarily known as "pono."

Every service is personalized, authentic, and evidence-based. The highly educated therapists aim to exceed guests' expectations by connecting guests to the island's surroundings, utilizing indigenous ingredients.

An expansive fitness center and wellness program complements the spa therapies, introducing the benefits of movement to enrich experiences from the inside and out. Highlights include circuit training machines, the Kinesis System, free weights and a full range of cardio equipment. A robust assortment of fitness classes in the ocean view movement studio caters toguests of all fitness levels, with oceanfront fitness classes also available.

More on Travel Magazine...

Grand Scale Living on 4.5 Acres by Renowned Designers Diamond and Baratta

Classical architecture and grand modern living at its best

New Canaan, Connecticut – Set atop the crest of a ridge on 4.5 open acres, Grand Stone and Shingle Estate makes an immediate impact with its breezy elegance and beautifully proportioned living space. This elegant home, with more than 10,000 square feet on four levels and two wings, is marketed by Christie’s International Real Estate and its exclusive affiliate Barbara Cleary’s Realty Guild for $9.5 million.

With classical architectural elegance and eye-catching interiors by renowned designers William Diamond and Anthony Baratta, this spirited home embodies stylish living at its very best. Lacquered double doors lead to the entry hall, welcoming visitors to a world of gracious rooms bathed in natural light.

Spacious formal and informal rooms lead seamlessly to outdoor spaces and porches overlooking this sweeping property. Four floors and two wings include family rooms on each floor, a distinctive master suite, and beautiful open hallways offering space and privacy between six additional en suite bedrooms.

There are seven bedrooms, nine full baths, seven fireplaces, a four-car garage and a large house generator. A covered exterior porch with fireplace serves as an outdoor room surrounded by stone terraces and gardens, a large heated pool, spa, and a grilling station.

The large kitchen is a chef's paradise with double islands and every amenity at one's fingertips. This gathering place holds a crowd and makes entertaining fun. The 3,000 sq. ft. finished lower level is a complete entertainment center that includes a kitchen, billiard room, family room, exercise room with sauna, and wood paneled home theatre.

“This estate exemplifies grand architectural, elegant interior design and beautiful living,” says Kathleen Coumou, Christie’s International Real Estate Senior Vice President of the Northeast Region. “This extraordinary property is the pinnacle of Connecticut living, located in one of the most sough-after towns in the state.”

“We’re thrilled to represent such an incredible property,” said Leslie Razook, listing broker with Barbara Cleary’s Realty Guild. “The home’s wonderful setting affords an ideal opportunity to find comfort and relaxation in the wonderful town of New Canaan.”

First Team Estates, the No. 1 independent real estate company in Southern California, joins Christie's International Real Estate

First Team Estates is the No. 1 independent real estate company in the region

ORANGE COUNTY, CA—Christie's International Real Estate, the world's leading luxury real estate network and a subsidiary of Christie’s auction house, has awarded Affiliate status to First Team Estates, a premiere real estate brokerage firm headquartered in Irvine, California.

Founded in 1975 by President and CEO Cameron Merage, First Team Estates is ranked as the No. 1 independent real estate company in Southern California and is widely recognized as one of the nation’s leading brokerages. From the coastline to desert resorts, First Team Estates and its family of companies boast 24 offices throughout Orange County and Southern California, catering to high-end buyers and sellers in more than 40 locations. Services include residential and commercial real estate, property management, title, escrow and mortgage operations.

By joining the Christie’s International Real Estate network, First Team Estates will exclusively represent the CIRE brand in Orange County, Naples and Belmont Shores. Wholly owned by Christie's, the world's leading art business, Christie's International Real Estate is represented in 44 countries. First Team Estates joins this carefully selected organization of brokerages, all of which boast proven records of success in both high-end property sales and exemplary client service.

“First Team Estates is a well-respected marketplace leader, and it is with great pride that I welcome the company to our network of Affiliates,” said Zackary Wright, Senior Vice President, Western Region Manager of Christie’s International Real Estate. "Offering a deep-seated knowledge of the area and an innovative approach to meeting the needs of its clients, First Team Estates provides the type of high-quality service and attention to detail that is synonymous with Christie’s International Real Estate.”

The Merage Family is known for its philanthropy and service to the community locally, nationally and internationally. “Our unwavering commitment to serving both client and community forms the foundation of our decades-long reputation for excellence,” added Cameron Merage, CEO of First Team Estates. “Drawing upon the international success of the Christie’s brand and combining it with the longstanding tradition of the Merage name and First Team Estates is a natural progression in our growth. We look forward to presenting our family of companies with enhanced offerings through our alignment with Christie’s International Real Estate.”

For additional information about Christie’s International Real Estate, please contact Michael Sherman at +1 212-974-4585, or visit www.christiesrealestate.com. For further information on First Team Estates and its listings, call +1 888-236-1943 or visit www.firstteamestates.com.

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About Christie’s International Real Estate
Christie’s International Real Estate is an invitation-only affiliate network composed of the world’s most proven and qualified real estate specialists in the luxury residential sector. The company has offices in London, New York, Hong Kong, Beverly Hills, Chicago, and Palm Beach, and approximately 136 global affiliates with 25,000 real estate professionals in more than 40 countries. For additional information about Christie’s International Real Estate, please visit www.christiesrealestate.com.

press@christiesrealestate.com

Atlantic Insights by Christie's International Real Estate

Wednesday, January 15, 2014

Atlantic Insights by Christie's International Real Estate

London, Miami and New York are highly sought-after destinations for both locals and overseas investors. While 2012 saw prices rebound significantly from the depths of the recession, 2013’s luxury market experienced rising sales volume and a drop in invent

Christie’s International Real Estate is initiating a series of market reports about the state of luxury real estate to complement our annual global market report – Luxury Defined, which will be published in the first quarter of 2014.

Our first quarterly update focuses on three major markets: London, Miami and New York, which are experiencing significant growth. While 2012 saw prices rebound significantly from the depths of the recession, 2013’s luxury market experienced rising sales volume and a drop in inventory.

London, Miami and New York are highly sought-after destinations for both locals and overseas investors. Foreign buyers had a significant presence in all three luxury markets in 2013, with domestic buyers’ activity equally strong. A combination of a growing number of wealthy individuals globally, including the rise of affluent younger buyers, played a role in boosting the luxury property markets in these destinations.

Economic stability, ease of doing business, transportation options, cultural and lifestyle services, have established London, New York and Miami as desirable places to live and buy homes. Since luxury home buyers are not often vulnerable to global economic conditions, all three markets are on track for continued growth in 2014.

Please access the full Atlantic Insights report here.