Auction Without Reserve Announced for Oceanfront Estate on the North Shore of Kauai, Hawaii

KAUAI, Hawaii, April 3, 2012 /PRNewswire/ -- "Kohola Point", a gated Hawaiian residence boasting Pacific Ocean views from nearly every room, situated on three acres at the end of the private and gated Anini Vista peninsula on Kauai's North Shore, arguably one of the world's most beautiful destinations, will sell turnkey furnished at auction on April 30th, Concierge Auctions has announced. Originally listed for $12.7 million, the property will sell to the highest bidder without reserve in cooperation with listing agent Neal Norman of Hawaii Life Real Estate.

"Kohola Point is located in one of the best areas Hawaii has to offer — Kauai's North Shore — mere minutes to world-class golfing, equestrian facilities and the famous Hanalei Bay, where 'The Descendants' was filmed," Norman stated, "The seller maintains a legal transient vacation license, which can be transferred along with the ownership entity to the buyer, so the property can be used either as a primary or vacation home or as a luxury rental."

Situated at 4201 Anini Vista Drive, Kohola Point is a 5,230-square-foot private residence with three bedrooms and four and a half baths, custom-designed by Gary Tobey and Steve Devery. Its massive great room features a grand, cypress-beamed ceiling and walls of glass doors that slide from the entire oceanfront side of the home and pocket to allow seamless living with the outdoors. The gourmet kitchen overlooks the "Ohana" living room, which means "family" in Hawaiian culture, and offers bar-height seating, an adjacent dining area and informal breakfast nook. The master suite is a quiet retreat, set on one end of the residence apart from the living areas and guest suites. The additional two bedroom suites are found on the opposite side of the pool and live as if they were separate bungalows. Guests will enjoy privacy and their own en-suite bathroom and direct access to the sparkling infinity pool, spa, extensive decks and a tropical, native Hawaiian landscape.

"We're excited to be back on Kauai working with Neal Norman and his team again. We have a perfect track record on the island, having sold every property we have represented, including Kealia Kai, Pueo Point, Mali'e Wai and Anini Vista," stated Laura Brady, VP of Marketing for Concierge Auctions. "Buyers and agents in the market understand our skill in identifying the most motivated sellers of premier properties, and this is the best combination to date — a driven owner and the most spectacular Kauai residence we have come across. Selling without reserve, this is definitely an opportunity to buy a new Hawaiian escape for a great value."

With lavish landscapes, cascading waterfalls and sprawling beaches, Kauai, also known as Hawaii's "Garden Island," is often referred to as one of the world's most dramatic destinations. Its North Shore - the crown jewel of the island - boasts some of the most spectacular scenery and is for a top-choice for luxury vacationers and A-list celebrities. Anini Vista is one of the North Shore's most exclusive developments, boasting unparalleled views of the Pacific Ocean, tranquility and gated privacy. Protected by the longest reef in the Hawaiian Islands, the coastline below offers the safest, most protected beaches on the North Shore - perfect for snorkeling, swimming, beachcombing, windsurfing, stand-up paddling, fishing and kayaking. Anini Vista is a stone's throw from shopping, dining, tennis and golf. The nearby St. Regis Princeville Resort is home to Kauai Grill, helmed by Michelin-awarded Chef Jean-Georges Vongerichten, and also offers two stimulating 18-hole and 27-hole courses designed by Jack Nicklaus and Robert Trent Jones, Jr. Kauai is 25 miles from the Lihue Airport, served by eight air carriers with direct flights from Los Angeles, Phoenix, San Francisco and Seattle and is an easy 20-minute commute to Honolulu and the outer islands.

The Without Reserve auction of Kohola Point will be conducted on April 30th. Bidders are able to participate in person or proxy via telephone or Internet. A 2.5% commission is offered to the buyer's representing agent. See Auction Terms and Conditions for full details. The property will be open for preview daily between 1 and 4pm or by appointment. For more information, call 877-472-3686 or KauaiAuction.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction marketing 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. As a preferred auction partner to Sotheby's International Realty® and other luxury brokerage firms nationwide, 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