Mark Zuckerberg has closed one of the biggest property purchases of the year by acquiring a 750-acre $100 million property on the North Shore of the Hawaiian island of Kauai, Forbes confirms.
There are two parcels of land included in the purchases, Pila’a Beach which is a 393-acre property with a white-sand beach and the Kahu’aina Plantation, a 357-acre former sugarcane plantation. According to Forbes although the property has been approved for build of up to 80 homes, Zuckerberg plans to only build one home on the property.
2,500 feet of white-sand beach.
A working organic farm with a variety of crops, including ginger, turmeric, and papaya.
He reportedly paid $66 million just to assemble this 357-acre parcel.
Zuckerberg also paid $49.8 million for an 89.2% stake of Pila’a Beach, an isolated oceanfront property adjacent to the plantation.