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.
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