Jan 24, 2022 at 12:19pm (EST)
SOLD | Price Confidential
DescriptionA jaw-dropping 838 feet of ocean frontage along Oahu’s coveted North Shore makes Marconi Station a truly rare estate. The Pacific Ocean stretches out across the horizon beyond this 28.67-acre paradise, tucked between premier destination Turtle Bay Resort and the lush James Campbell Wildlife Refuge. Peace and privacy are paramount here, with convenient access to and from Kamehameha Highway via private road. Four unique historic structures grant the estate registered historic status: the two-story 15-room Marconi Hotel, an office building, the sprawling historic Marconi Powerhouse, and two-bedroom bungalow. The historic designation of the property provides an opportunity to utilize an adaptive reuse plan. Each building will require renovation, yet they still allow for flexibility beyond the uses allowed by the property’s zoning code. Incredible privacy and an unbeatable location will make your dream estate a reality, and the designation and location also allow for the potential for a number of possible tax incentives.
Deposit
$100,000 bidder deposit required
Total
28.67 acres | 4 parcels
Outdoor Features
838 feet of ocean frontage; Adjacent to premier Turtle Bay Resort to the west and James Campbell Wildlife Refuge to the southeast
Additional Spaces
5,398sf Marconi Hotel, two stories with fifteen rooms; 1,863sf administrative/office building; 23,027sf Marconi Powerhouse, comprising of 2.5 stories; 2,018sf manager’s residence with 2 bedrooms, 1 bathroom, kitchen, living room, and dining room
Other Amenities
Potential to acquire up to 42.87 acres of additional land; HECO 3-phase and single-phase underground electric with overhead single phase scheduled for removal; 8” water main to the property and onsite domestic well
Potential tax benefits due to registered historical site status
Location
12 minutes to Sunset Beach; 16 minutes to Waimea Bay; 55 minutes to downtown Honolulu and Airport; 65 minutes to Waikiki
Buyer's Premium
12%
Buyer shall pay to Concierge a “Buyer's Premium” in addition to the Purchase Price for the Property. The Buyer's Premium is not a real estate commission; it is the fee that Concierge charges to bidders for bringing the Property to auction.
Co-Broker Compensation
2.5%
Compensation will be paid to any properly registered Broker whose client is the successful Buyer at the Auction and whose client completes the purchase of the Property pursuant to Concierge Auctions' Bidder Terms and Conditions.
Payment of Taxes
If any VAT (value added tax), General Excise Tax (GET), or similar tax is due in connection with the payment of the Buyer's Premium, it shall be Buyer's sole obligation to pay all taxes. If the Property is located in the state of Hawaii, Concierge shall add any Hawaii GET tax to the total of the Buyer's Premium at the then-applicable maximum pass-on rate(s) as promulgated by the state and local jurisdictions, found here: tax.hawaii.gov
Starting Bid Incentive
6%
If you are the high bidder, Concierge offers a Starting Bid Incentive, a credit to reduce the Buyer's Premium by up to 50% related to the Starting Bid Amount, encouraging buyers to submit a starting bid prior to the start of the auction. All Starting Bids are binding and subject to being received by the deadline.
56-1089 Kamehameha Hwy, North Shore, Oahu, Hawaii 96731
Concierge Auctions, LLC (“Concierge”) is an auctioneer. Concierge’s principal address is 800 Brazos Street, Suite 220, Austin, TX 78701 and its phone number is (212) 202-2940. If required, Concierge (or its representative) is registered, licensed and/or bonded in the state where the property to be auctioned is located. Our registration, licenses and bond information for Hawaii is: Concierge International Real Estate, Inc. (#RB-23427); 500 Ala Moana Blvd. Suite 7-400 (Suite 464) Honolulu, HI 96813, Telephone: (212) 202-2940, Real Estate Broker: Tony R Young, [License #RB-23428]. This property is listed for sale by Matt Beall (RB-17738) of Hawaii Life Real Estate Brokers; 5-4280 Kuhio Hwy, Suite G-203 Princeville, HI 96722; 808.896.9749, (“Listing Agent”), and Anthony Provenzano (RB-22101) and Matt Davis (#01758818) of Chaney Brooks & Company LLC; 1440 Kapiolani Blvd, Suite 1010, Honolulu, HI, 96814; (808) 544-1600, (“Listing Agent”). While Concierge (in certain jurisdictions) and certain Concierge subsidiaries, employees and representatives may possess real estate broker or salesperson licenses in various jurisdictions and may, in some circumstances, perform functions that may be deemed brokerage services, neither Concierge nor its agents, employees and affiliates are acting as a broker in any capacity for any party in connection with this auction. Bidders must seek brokerage services or advice from their own real estate agents or professional advisers. Our brokerage licenses are held solely for compliance purposes to further our auctioneering services. Concierge, the Listing Agent, the seller of the property and their respective agents, employees and affiliates do not represent, warrant or guarantee the accuracy or completeness of any information and shall have no liability for errors or omissions under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials. This is not meant as a solicitation for listings or an offer to sell real property. Cooperating brokers are encouraged to participate as set forth in Concierge’s bidder terms and conditions.
