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Will these 100+ acre trophy properties be the sites of future mega-luxury developments?

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With impeccable layouts and manicured grounds, it’s hard to imagine what the sites of the big-name properties were like before construction. But at one time, notable properties and exclusive tourist properties were just parcels of virgin land.

As luxury real estate markets around the world continue to struggle to meet persistent demand, developers are now seeking sizeable parcels to house their latest projects.

Here’s a look at some recent transactions involving a large number of acres in some of the world’s most sought after locations.

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Kula, Hawaii

Stretching across Maui’s central valley, Kalialinui Estate covers an impressive 646 acres of rolling terrain. Previously owned by Maui Land & Pineapple Company, a land holding and operating company that owns approximately 24,300 acres on the island of Maui, the sprawling parcel was listed by Hawaii Life’s John B. Guard IV before it was sold in May by $9.6 million.

While large land sales are not uncommon in Hawaiian markets, the substantial size and lack of development make Kalialinui a unique opportunity with exceptional potential. Encompassing hills, valleys, and ravines, the parcel’s elevation ranges from 1,100 to 2,200 feet above sea level.

Regular exposure to the sun and a position outside of high wind zones ensure optimal crop growth and yield. In fact, much of the plot was previously used for pineapple cultivation. Having remained largely untouched, the land is also home to various wildlife including axis deer, pheasants and pigs.

Development opportunities range from private property to agriculture and ecotourism. Located 20 minutes from the airport and facing Lower Kula Road, the parcel also shows potential for commercial space or a residential subdivision.

Costa Alegre, Jalisco

After a brief slowdown due to the pandemic, tourism has not only returned to Mexico’s western coast, but it’s back bigger than ever. As such, land like the 451-hectare (approximately 1,110-acre) El Tezcalame will be more valuable than ever.

With a variety of landscapes, from high plains to sand dunes and beachfront, El Tezcalame is located in the municipality of Tomatlán within Costa Alegre, a budding destination 45 miles south of Puerto Vallarta.

With easy access to the highway and close to the international airport of Chalacatepec, which is nearing completion, the site is very suitable for tourist residences. Sitting on a hillside, in a west-facing position, the package boasts far-reaching views of the sunset into the Pacific Ocean below.

Priced at $60,000,000, the listing is held by LPR Luxury.

beverly hills, california

When the ex-CEO of Google and the founder of Amazon are reportedly interested in the same property, you know it must be special. And there’s certainly something special about Enchanted Hill.

The 120-acre hilltop outside Beverly Hills made headlines when it was put up for sale by the estate of late Microsoft co-founder Paul Allen, drawing interest from the likes of Amazon founder Jeff Bezos. After exchanging hands in January for $65 million, the buyer was revealed to be former Google CEO Eric Schmidt, according to the WSJ.

At one of the highest points in the neighborhood, the site offers views of the ocean, surrounding mountains, and the Los Angeles skyline. Currently undeveloped except for a private road and two gated entrances, plans for the site are yet to be determined, although the potential for an exceptional private property is certainly available.

The listing was held by Zach Goldsmith, Rick Hilton and the late Jeff Hyland of Beverly Hills-based Hilton & Hyland.


Hawaii Life, Hilton & Hyland and LPR Luxury are exclusive members of Forbes Global Propertiesa consumer marketplace and member network of elite stockbrokers selling the world’s most luxurious homes.

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