Hawaiian ranch next to Oprah hits market for $75M

Maui property sits next to 100 undeveloped acres owned by Oprah

Island Sotheby’s International Realty agent Dan Omer and Hana Ranch in Maui (Sotheby's International Realty)
Island Sotheby’s International Realty agent Dan Omer and Hana Ranch in Maui (Sotheby's International Realty)

 

Talk about surf and turf!

A 3,600-acre Hawaii ranch adjacent to land owned by Oprah Winfrey is up for sale.

Hana Ranch is asking $75 million for the Maui ranch, one of Hawaii’s largest pieces of land for sale, the Wall Street Journal reported. The 37-parcel property has an 1,800-square-foot two-bedroom home, an office, stables and a riding arena. It includes walking trails and eight acres of mature fruit orchards, including banana, breadfruit, citrus and lychee trees.

A buyer unsatisfied with what’s in place has an opportunity to develop a private estate thanks to multiple home sites. While 2,500 acres are zoned for agriculture, a main home and cottage can be built, and the rest is preserved for a forest. Any deal is expected to include a conservation easement negotiated with the buyer.

Hana Ranch has been a working cattle ranch in recent years. Bio-Logical Capital, which advises on regenerative agriculture, bought the land in 2014 for $9 million before plowing another $17 million into upgrades. The company used the land to run regenerative agriculture experiments in a tropical climate. More than 1,000 grass-fed cattle graze the land.

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Winfrey has purchased several hundred acres of land on Maui over the past decades. She worked with Bio-Logical to plant a fruit, vegetable and herb garden, carving out several acres for the project.

Bio-Logical plans to donate 15 acres to Maui County with the sale to be used for affordable housing.

Dan Omer, a former papaya farmer who served as chief operating officer at the ranch under a previous owner, has the listing at Island Sotheby’s International Realty.

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[WSJ] — Holden Walter-Warner