Last May, the former head of Morgan Stanley’s Asia Pacific operations listed a show-stopping residence on Kauai’s North Shore for $70 million, making it the most expensive home on the market in Hawaii. The lavish lair has officially sold for $46.1 million—far less than its asking price, yet still enough to set a record as the priciest single-family home ever sold in the state.
The 15.3-acre waterfront property, which is known as Hale ‘Ae Kai, is located near the small, picturesque town of Kilauea. The home’s bluff-top location offers sweeping views of sandy white beaches, a historic lighthouse, and volcanic mountains. Private steps lead to the sugary beachfront, where residents and guests can sunbathe or swim to their hearts’ content.
Exterior Photo Credit: Courtesy
The main house offers over 10,000 square feet of living space spread out across four separate pavilions. The central pavilion comes with a gourmet kitchen, living room, dining room, office, and a bedroom with a king-sized bed and bath. Every room in the central pavilion opens to covered lanais with views of the ocean. A media room, gym, and full bar that services the swimming pool are located on the lower level. Designed as a sumptuous escape, the 1,100-square-foot master bedroom pavilion is outfitted with indoor and outdoor showers, a lanai, a bar, and a dressing room. Outside, more than 8,000 square feet of lanais, pools, and decks unfurl. The grounds also include a two-bedroom caretaker’s unit.
The previous record for the most expensive single-family home sold in Hawaii belonged to a Maui estate that sold for $41.8 million in 2015. In 2016, two penthouses at Honolulu’s Waiea development were listed for $35 million and $36 million, respectively. If the units sell at asking price, they would set a new record for the most expensive condos sold in Hawaii.
The compound overlooks the ocean. Photo Credit: Courtesy
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