Remember my article about oceanfront properties suitable for horses or agriculture on the north shore of Oʻahu or Hawaiʻi Island? The Big Island horse property sold earlier this year. You can still buy one of the north shore Oʻahu lots, right by our listing of Dillingham Ranch with its iconic polo field.
Also in Mokuleʻia on Oʻahuʻs North Shore, a 5-acre oceanfront property is being auctioned this week by Concierge Auctions. Listed for $4.8 million, the property will sell with no reserve — potentially a rare opportunity for a value purchase in this crazy real estate market.
The 5-acre North Shore Oʻahu property going to auction this week has over 500 linear feet of beach frontage.
How to Participate in the Concierge Auction of the Beachfront Ag-Zoned Acreage on Oʻahu
Hawaii Life has worked closely with Concierge Auctions for many years, both representing Sellers and representing Buyers. The biggest difference from the early years is that the auctions are now held entirely online — no need for your agent or you to be sitting in the room with the auctioneer.
The bidding on this 5-acre oceanfront North Shore Oʻahu property opens Monday September 27 and closes on Thursday, September 30th. No need to panic if you are late to the party…you will have missed out on placing an opening bid prior to the auction, but trust me, the activity all happens in the last 15 minutes of the auction. My buyers who were in the Puako oceanfront property auction earlier this month traded top position with the winning bidder until seconds before the close of the auction!
I would be happy to discuss the property and the alternatives on the market, and if you decide to jump into the auction I can guide you through the process and (virtually) hold your hand through the bidding on Thursday.
If you miss out on the auction, or just prefer not to buy your Hawaiʻi horse or farm property under that pressure, Iʻd be happy to discuss the other options on Oʻahu and throughout the islands.