Mammoth Maui Cattle Ranch hits the market for $75 million
Talk about surf and grass!
A 3,600-acre cattle ranch on the shores of Maui is hitting the market for $75 million, making it the largest land for sale in the tropical state.
The Wall Street Journal reports that the property, known as Hana Ranch, sits on the island’s east coast and is adjacent to nearly 100 acres of undeveloped land owned by media mogul Oprah Winfrey.
A working ranch with more than 1,000 grass-fed cattle walking the land, it’s currently owned by Bio-Logical Capital, a Denver-based company that advises clients on a farming practice called regenerative agriculture. He bought the land in 2014 for about $9 million and then invested another $17 million in improvements, Bio-Logical founder and CEO Grant McCargo told the newspaper.
He used the land to experiment with regeneration techniques in a tropical climate, McCargo said.
Offering ocean and mountain views, the ranch consists of 37 parcels of land with 2,500 acres zoned for agricultural purposes – meaning it’s possible to build a main house and cabin on any location. which parcel designated as such. The rest of the land is a forest reserve.
The land also includes several structures, including an approximately 1,800 square foot two-bedroom home, office, stables and riding arena, as well as private walking trails and eight acres of mature orchards growing banana trees and lychees, between others. .
Any agreement for the land will include a conservation easement, the parameters of which will be worked out with the new owner, and Bio-Logical says it is also donating about 15 acres of its land to Maui County to build affordable housing.
“It could be a lot more developed,” McCargo told the Journal. “With what we are doing now, it will limit that.”
There have been several big land sales in Hawaii in recent years, including Mark Zuckerberg and his wife Priscilla Chan who bought 600 acres in Kauai for $53 million last year after disposing of 200 million there for 700 acres previously. .
[Wall Street Journal] — Vince DiMiceli