Update 12/1/2011: SC Ranch (MLS 238314), listed by Leslie Agorastos, R of Clark Realty’s Waimea, office closed escrow today. Final sale price: $2,300,000.
Also, according to MLS records, Hokukano Ranch is no longer an active listing.
Ho’omau Ranch, formerly owned by actor Jimmy Stewart, closed escrow earlier this week with a final sale price of $3.6 million. The sale includes 12 separate parcels totaling 1,593 acres of land in South Kona, ranging from pastureland to upland rain forest.
“The sale of Ho’omau Ranch is one of only a few large acreage sales on the Big Island in recent years,” says Gary L. Davis, DR, CRB of Clark Realty’s Waimea office, who represented the seller. “But,” Gary adds, “in the last four months, we had multiple offers on the property, indicating that there is an increasing interest in the market for large acreage parcels of agriculturally zoned land.”
Gary recommends that buyers interested in large acreage parcels with potential for ranching or agricultural use similar to Ho’omau Ranch consider the following three properties:
Another Big Island ranch property that is attracting attention from buyers seeking large acreage property is SC Ranch in Paauilo Mauka. Listed by Leslie M. Agorastos, R of Clark Realty’s Waimea office, MLS 238314 is different from the listings above because part of the sale of the includes the lease for 7,042 acres of state land. The property includes two main homes and three cowboy houses, stables, an equipment shed and more. For details, please view the SC Ranch property description or contact Leslie directly.
*Mauna Kea Ranch photo used with permission from the listing agent