Ranch on Oahu's North Shore for $65 Million
July 03, 2012 - Hawaii
Kennedy Wilson, a real-estate firm, has put a 2,700-acre ranch on the north shore of Hawaii's Oahu island on the market for $65 million.
The property, called Dillingham Ranch, has 19 acres on the ocean and is one of the largest tracts of land on the island.
Kennedy Wilson renovated the property's main lodge, an eight-bedroom house with a 3,000-square-foot great room.
The firm bought the property in 2006, with "an awareness of its investment potential," says Zackary Wright of Christie's International Real Estate, who is marketing the property.
"But the owners also understand the importance of preserving this historic parcel," he adds, and want to sell it to someone who will do that.
Founded by Benjamin Franklin Dillingham, Hawaii's first railroad tycoon, the ranch has hosted guests like Prince Charles, Noël Coward and Prince Hussein of Jordan.
Currently, a ranch manager lives on the property and polo matches are held on the ranch throughout the summer.
Kennedy Wilson also leases the property to companies for corporate retreats and to individuals for weddings.
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