Amazon founder Jeff Bezos just purchased a $78million private Hawaii estate that spans 14 acres and is surrounded by dormant lava fields.
Bezos, 57, purchased the three-building estate on La Perouse Bay on Valley Isle in Maui, Hawaii, recently for an estimated $78million, the New York Post confirmed.
He is the latest internet billionaire to snap up a waterfront property, despite local discontent.
It is unclear when Bezos purchased the property, but he donated to the Hawaii Land Trust in mid-September, which is responsible for the environmental conservation in Maui. He and his girlfriend Lauren Sanchez, 51, reportedly donated to several local charities to feel a part of the community.
The property was sold to Bezos in an off-market deal. He purchased the estate from Colorado-based holding company Lochland Holdings, which is owned by the Schatz family.
Amazon CEO Jeff Bezos purchased a $78million secluded estate surrounded by luscious greenery, palm trees, and a marine fishing reserve
The ultra-secluded estate sits on a marine fishing reserve, which is rare to have access too and even fishing boats are not allowed in the waters
Bezos and his girlfriend Lauren Sanchez, 51, (pictured) recently donated to the Hawaii Land Trust in mid-September, which is responsible for the environmental conservation in Maui to feel a part of the community
The property is home to three buildings, including the main structure, which is 4,450 square feet and has three bedrooms and three bathrooms.
The second building is 1,839 square feet guesthouse with two-bedrooms and two-and-a-half bathrooms. And the third is 1,815 square feet with three bedrooms and one bathroom.
The entrepreneur’s new dig sits on a marine fishing reserve, which is rare to have access to and even fishing boats are not allowed, the New York Post reported.
It is also surrounded by dormant lava fields where the Haleakalā volcano – which is eight times larger than the Empire State Building in New York City and its hotspots can reach up to 2,500 degrees Fahrenheit – last erupted in 1790, according to Haleakalā Ecotours. It is expected to erupt again within 500 years, according to scientists.
Bezos is also allegedly scouting more off-the-market properties in Maui to expand his real estate portfolio in the Aloha State and is reportedly searching for a home for his parents in Montage Kapalua Bay, where he often stays at a luxury resort, according to the New York Post.
It seems Bezos isn’t the only internet billionaire who thinks drinking mai tais on their own private resort and hula dancing to the sway of the palm trees sounds fun.
Facebook CEO Mark Zuckerberg, 37, recently bought a sprawling 600-acre property for a cool $53million on the island of Kauai. He also reportedly owns a 700-acre property on one of the islands that he acquired for more than $100million in 2014.
Both Bezos and Zuckerberg have faced backlash from locals for their extravagant purchases from raising housing costs to purchasing property on sacred land.
Bezos has so far only faced backlash for driving up housing costs – which sit around $1million on average, a local told the New York Post.
‘It is tough being born and raised here, seeing these real estate transactions and how it can drive up prices,’ a source told the New York Post. ‘On the island, an average home now costs $1million – way above what most blue-collar workers can afford, so I always struggle with that.’
The three-building estate is located on La Perouse Bay on Valley Isle in Maui, Hawaii, and is surrounded by dormant lava fields. It is located west of Haleakalā volcano – which is eight times larger than the Empire State Building in New York City – and last erupted in 1790
The waterfront compound is located on the southwest trip of the Hawaii island
Zuckerberg, who often finds himself embroiled in controversy, purchased his newest Hawaiian estate from Waioli Corporation – a local nonprofit that preserves historic locations throughout the island, according to Business Insider.
The CEO of the corporation Sam Pratt said Zuckerberg and his wife Priscilla Chan would be ‘responsible stewards’ of the land and had shown dedication to the island.
Other locals, however, are happy billionaires are buying up property.
Co-founder of Oracle and the seventh wealthiest person in the world Larry Ellison, 77, has helped improve infrastructure and parks, including the Pineapple Plantation.
‘On the other side of the coin, you have Ellison. He improved so much of the infrastructure, like the Pineapple Plantation,’ a source told the New York Post. ‘You had parks deteriorating, infrastructure was in decay and he bought it back to life, essentially.
It’s hard to know what Bezos’ intentions are this early on.’
The three-building estate includes the main property (pictured top), which is 4,450 square feet and has three bedrooms and three bathrooms. The second building (pictured bottom middle) is 1,839 square feet guesthouse with two-bedroom, two-and-a-half bathrooms. And the third (pictured to right of the second building with a green roof) is 1,815 square feet with three bedrooms and one bathroom
Bezos’ new sweet dig won’t be the hot party spot around town, as it is allegedly barricaded with several security gates and has around-the-clock security
Although Bezos’ new sweet dig won’t be the hot party spot around town, as it is allegedly barricaded with several security gates and has around-the-clock security – a local real estate agent did describe it as ‘very unique.’
‘At the time, it was rustic. It has since several renovations,’ real estate agent Anthony Sayles told the New York Post. Sayles used to frequently roam the lands as a little kid. ‘My main memory is the coral floors and walking around barefoot. It felt like you were outside living Gilligan’s Island style.’
Bezos’ new property adds his $500million dollar property portfolio.
The Amazon-founder-turned-astronaut has several high-profile properties across New York City, the District of Columbia, Washington state, California, and Texas.
The entrepreneur has more than $100million invested in New York City’s Flatiron District at the luxurious 212 Fifth Avenue. The billionaire purchased five properties in the same building from 2019 to 2021 and is expected to merge them into one giant mansion.
The Amazon-founder-turned-astronaut has a $500million property portfolio across several states, including Texas – where Blue Origin is centered out of – New York City, Los Angeles, and Washington DC, among others. Bezos owns the second most expensive home in the Los Angeles area with the Jack Warner Estate, which he paid $165million for. He also paid $23million for the old Textile Museum in DC and has five properties in the historic 212 Fifth Avenue building in New York City’s Flatiron District
Bezos owns five units worth more than $100million in 212 Fifth Avenue in New York City’s Flatiron District overlooking Madison Square Park
Bezos purchased a three-floor penthouse flat and two units below it in 2019 before purchasing two more condos in 2019 and 2021
The units are expected to be conjoined into one giant and luxurious mansion in the heart of New York City
Bezos owns the second most expensive home in Los Angeles with the Jack Warner Estate (pictured), which he paid $165million for and another $10million in renovations
The 2018 listing photos show the home features a large kitchen and several spacious living areas complete with original fireplaces
He also has the second most expensive home in the Los Angeles area. He purchased the Jack Warner Estate – president of Warner Bros. Studios – for a $165million that ended up costing him $175million with renovations. The most expensive home went for $177million.
The Blue Origin founder also has an estate in the middle of a Texas desert dubbed ‘Corn Ranch,’ which went for an undisclosed amount in the millions.
Bezos also has at least one property in DC, the old Textile Museum, which he paid $23million for and $12million to renovate, and is suspected of having purchased a smaller home across the street for $5million.
However, it isn’t just large properties in great locations Bezos’ is after. The billionaire – who is estimated to be worth $203billion – also enjoys the fun gadgets that come with being a part of the ultra-rich.
He reportedly owns a $65million jet, as well as is building a $500million superyacht.
And he wouldn’t be a billionaire without a weird purchase or two, Bezos also owns a $42million clock that is being constructed inside a Texas mountain and designed to run for 10,000 years. The hollowed-out mountain is also intended to be a part of the Blue Origin spaceport.
Facebook CEO Mark Zuckerberg, 37, recently bought a sprawling 600-acre property for a cool $53million on the island of Kauai. He also reportedly owns a 700-acre property on one of the islands that he acquired for more than $100million in 2014 Pictured: Mark Zuckerberg and his wife, Priscilla Chan, enjoy some time out on the water in a jet-ski in Hawaii
Facebook CEO Mark Zuckerberg, 37, owns the land above Pilaa Beach, on the north shore of Kauai on November 7
Zuckerberg bought the Kahu’aina Plantation first, then the 700-acre Pila’a Beach plot, and now a new 600-acre area