Three parcels of oceanfront land totaling 34 acres in Kilauea on Kauai’s North Shore were sold to an undisclosed buyer in an auction conducted by New York Concierge Auctions.

The properties, located above Kauai’s Secret Beach, include two five-acre parcels with houses known as Hale Nanea and Hale Lani, and a 24-acre oceanfront site on Kauapea Road. One buyer purchased all three parcels, Concierge Auctions said in a statement. The price was not disclosed.

The seller, Michele Hughes of the Michele Hughes Co., had assembled the parcels over a total of 33 years. She had purchased the lots from various sellers, including one from actor Sylvester Stallone, Hughes told PBN.

“I am a developer, and it’s time to go on to the next project,” she said. “I’m looking for my next — you could call it reinventing myself — my next project.”

The buyer and a partner plan to build one estate home on the property, she said.

“They’re allowed to build six (homes),” she said. “They want to keep the property as a private estate instead of building out the density.”

The property’s two vacation rentals, marketed as Secret Beach Hideaway, will continue to operate under the new owners, she said.

Source: http://www.bizjournals.com/