An Exclusive, Private Hawaii For the Super-Rich

The ultra-rich are buying up pieces of the Big Island to build multimilion-dollar homes and gated communities.

1 minute read

May 10, 2002, 10:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"The eager buyers, primarily from the West Coast, and especially from the Bay Area, are transforming the crusty black lava of the Big Island's leeward side into an oasis of multimillion-dollar vacation homes and gated resort communities populated by top financiers, technology mavens, entrepreneurs and the successfully self-made...the current boom in luxury resort development begun in the mid-90's with a rising stock market has brought larger, more expensive homes, construction and real estate executives said, and some of Hawaii's highest real estate prices."

Thanks to Abhijeet Chavan

FULL STORY: In Hawaii, an Oasis For the Ultra Rich

Friday, May 10, 2002 in The New York Times

Housing Hawaii

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