Hanalei Bay half-acre parcel sells for $7 million

By PHIL HAYWORTH - TGI Business Editor

Published: Thursday, May 13, 2004 4:27 AM HST

Michael and Patricia Sheehan sold a half-acre parcel of prime Hanalei real estate to the McKnight Family Trust for $7 million last month.

The sale, recorded in county tax records, is probably the highest valued real estate transaction in Hanalei, and on Hanalei Bay, this year, said Michael Schmidt, principal broker for Hanalei-based Coldwell Banker/Bali Hai Realty.

"It's definitely an eye opener for the Hanalei area and an anomaly," Schmidt said. "It wasn't on the market. At least for that stretch of land, the Sheehan's usually aren't sellers."

But it's not the only pricey hunk of land for sale on the rapidly disappearing Hanalei Bay beachfront.

Bali Hai has a beachfront lot for sale located along the west border of the county's Black Pot Beach Park and the Hanalei Pier which is listed at $3.65 million.

"Same beach front, same bay, only it doesn't have the mountain view of the McKnight one," Schmidt said.

The sale is of particular note because the McKnight Family trust is believed to be that of Bob McKnight, one of the registered owners of Quiksilver Inc., the surfing apparel company, and sponsor of many of Hawai�i's top surfers and surf contests.

McKnight could not be reached for comment and Michael Sheehan wouldn't confirm the identity of the buyer of the 27,171 square-foot parcel.

Public records show that, of the 139 real estate transactions on Kaua�i last month, 62 have Mainland billing address and more than half of those • 36 • have California tax billing addresses. There was one from Japan and one from Canada.

The remaining 77 had local addresses.

Business Editor Phil Hayworth can be reached at 245-3681 (ext. 251) and phayworth@pulitzer.net


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victor2008 wrote on Oct 31, 2008 12:01 AM:

" The Board and community would have been proud of their elected and government officials during the earth quake emergency. It was questioned by the Board that City Budget and Fiscal Services Director was the acting Mayor and Bennett confirmed this because the Mayor was on a tour of Okinawa and South Korea and Managing Director Wayne Hashiro was away on a trip to Japan. By 10:30 a.m., a signed Declaration of Emergency was sent to Washington D.C. to enable FEMA to come in and provide emergency funding.
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Victor
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candyrosh wrote on Jun 10, 2009 10:21 PM:

" “The burial treatment plan is very flawed,” Huff said. “It is a clear violation of our rights as indigenous people.”
“We will be staying until further notice and until the state of Hawai�i acknowledges the property was fraudulently sold to Brescia,” Huff said.
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candyrosh
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camper trailer--camper trailer "

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