Auction Of Two Hawaiian Ranch Parcels Totaling Over 100 Acres And Overlooking Oahu's '7-Mile Miracle,' One Of The World's Best Surf Spots, Now To Be Conducted Without Reserve On April 2nd

OAHU, Hawaii, March 25, 2013 /PRNewswire/ -- Concierge Auctions has announced that both parcels of the 101-acre Paumalu Ranch overlooking Oahu's famous Sunset Beach and the entire "7-Mile Miracle," known to be the best surfing spot in the world, will now sell Without Reserve during a live auction on April 2nd. The reserve has been lifted from the 45-acre ocean bluff parcel, so now it and the adjacent 56-acre mountain parcel will both sell to the highest bidders in cooperation with Neal Norman, R(B) and Julia Napua Fetzer, R(A) of Hawaii Life Real Estate Brokers.

"The sellers of Paumalu Ranch are 100% committed to finding new owners, as evidenced by their choice to remove the reserve from the ocean parcel," stated Laura Brady, President of Concierge Auctions. "It's extremely rare to have two contiguous parcels of land this large in Hawaii, virtually untouched and overlooking the crashing waves of the Pacific Ocean, much less available for sale to the highest bidders. We're excited about the new format and urge anyone interested to not overlook this opportunity. Only one week, and they'll be gone."

Paumalu Ranch, located at 58-378 Kamehameha Highway in Haleiwa Town, the largest commercial center on the North Shore, boasts some of the most spectacular scenery in the world. Encompassing over a mile in length and totaling over 101 acres, Paumalu ranges in altitude from 400 feet above sea level to up to 600 feet. The property offers some of the best and most exclusive panoramic views of Oahu's North Shore, Mt Ka'ala and Kaena Point. The crashing waves below make the area one of the best surfing spots on the planet. Located minutes from the beach, Paumalu Ranch enables a rare equestrian lifestyle, ideal for riding trails; hunting pheasant and wild boar; dirt biking; farming and ranching. Two ranch residences are allowed, with barns and accessory buildings permitted for each parcel. The property also offers security, open space, the ability to land a helicopter, water, electric, phone lines and privacy found in very few places in Hawaii. Paumalu Ranch not only provides an excellent vantage point to view surfing, but also humpback whales, along with a host of other amenities, while just three miles from the Turtle Bay Resort, with championship golf and world-class dining, shopping and spa facilities.

The auction of both Paumalu Ranch parcels will be held live, without reserve on April 2^nd. Registered bidders can participate in person or by phone. A 2.5% commission is offered to the buyers' representing brokers. See Auction Terms and Conditions for full details. For more information visit PaumaluAuction.com, call 888.256.2806 or join the discussion at #PaumaluAuction.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe. The company has executed auctions from New York to Hawaii and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years.  For more information, call 888-966-4759 or visit ConciergeAuctions.com.

SOURCE Concierge Auctions