It's all yours for only $46.5 million
By Andrew Gomes
Advertiser Staff Writer
By Andrew Gomes
A Hollywood producer's lavish oceanfront estate on Kaua'i is the eighth most expensive home for sale in the United States, according to the latest issue of Ultimate Homes magazine.
The 171-acre Kawaihau property, which includes two 4,000-square-foot guest bungalows and a 15,000-square-foot main house, is listed for $46.5 million.
Topping the Ultimate Homes list is a ranch in Aspen, Colo., for $135 million, followed by Donald Trump's Palm Beach, Fla., estate for $125 million.
The Kaua'i property, dubbed Tara Plantation, is the home of movie producer Peter Guber and includes features such as a yoga studio, caretaker's house and stables. The main house has six bedrooms, 8 1/2 bathrooms and "his-and-her private living rooms."
According to the listing from Coldwell Banker Bali Hai Realty, the property also comes with a white sand beach at Papa'a Bay and a spring-fed pool, as well vehicles, including trucks and a Jeep.
"It's definitely the nicest property in the state," Coldwell agent Barbara Sloan said. "It's actually a bargain at this price."
At $46.5 million, however, finding a buyer is not easy. The property has been on the market for more than two years, according to Ultimate Homes.
Property records show Guber's Mandalay Properties Hawaii LLC bought the site in 1998 for about $7 million, and built the homes in 1999 and 2000.
Guber is a longtime movie producer with credits that include "Midnight Express" and "Rain Man." He is chairman and CEO of Mandalay Entertainment Group, which has produced films including "Donnie Brasco" and "Seven Years in Tibet."
Reach Andrew Gomes at firstname.lastname@example.org.