The oceanfront estate compound formerly known as “Tara” sold this past Thursday Nov. 12th for a record setting $28 million cash, the highest price ever paid for an existing home on Kauai!  Listed for sale since July, 2004 with an asking price of $46,500,000, it was reduced down since then to $39,500,000 before selling last week for $28,000,000….CASH!  That’s nearly 30% off the asking price which according to Kauai MLS is in line with recent sales statistics island wide. 

The 174 acre “Papa’a Bay Plantation” located on the northeastern side of Kauai nearest Aliomanu, boasts not only incredible beauty in every direction, but lots of privacy too.  From the gated, lushly landscaped grand entryway to the majestic 15,000sf main residence, this property truly has it all.  The classic Hawaiian plantation style home was designed by well known Hawaii architect, Alwyn Trigg-Smith of Trigg-Smith Architects, and furnished by renowned California designer, Waldo Fernandez of Waldos Designs.  Built with the finest materials and workmanship the main residence has 6 bedrooms, 8 ½ bathrooms, gourmet kitchen, his and her private living rooms, and a huge wrap around lanai to name just a few of the many features.  In addition to the main estate, there are two 4,000sf guest cottages, a swimming pool, yoga studio, caretaker’s residence, horse stables, workshop, barn, fenced corrals, and a beach cabana. 

Many people are already familiar with the Papa’a Bay Plantation Estate as it was the site of several scenes shot for the 1998 action adventure hit movie “6 days, 7 Nights” starring Harrison Ford and Anne Heche.  The secluded crescent shaped white sand beach cove fronting the estate was the setting for several scenes throughout the movie.

Video Posted by Listing Agent on YouTube: