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All Press Releases for July 20, 2008 »
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$5,000,000 for a Maui, Hawaii, estate sets a record by Maui Real Estate Professionals, an exclusive affiliate of Christie's Great Estates
The Hawaiian Bliss Estate, located in Haiku, a northern area of Maui, Hawaii, has sold for a record $5,000,000, the highest price ever paid for a property in the Haiku region of Maui. 
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    /24-7PressRelease/ - MAUI, HI, July 20, 2008 - The Hawaiian Bliss Estate, located in Haiku, a northern area of Maui, Hawaii, has sold for a record $5,000,000, the highest price ever paid for a property in the Haiku region of Maui. Betsy Jacobsen, Realtor Owner and Principal Broker of Maui Real Estate Professionals, closed the sale.

The superb 7,796-square-foot residence is beautifully set on more than six acres, and offers panoramic views of the Pacific and Haleakala. Special finishes, such as crown moldings, architectural niches, custom built-ins, and maple and stone flooring create a haven of unsurpassed comfort and luxury. The estate features a free-form pool and spa, tropical gardens, and a state-of-the-art media room.

This resplendent offering, a perfect family home or corporate retreat, is comprised of three separate parcels of approximately two acres that each have their own water meters. Future plans for the property have not been announced.

"This record-setting $5,000,000 sale is a remarkable achievement," says Liz Anderson Fitzgerald, Christie's Great Estates Vice President of the Western Region. "We are very proud to have Betsy Jacobsen and her record-breaking team of professionals in our network."

"It was a distinct pleasure to represent the sale of such a unique and beautiful Maui property. I think this significant sale, one of the highest outside of the resort areas of Maui, speaks to the changing priorities of the Christie's Great Estates buyer as well as the redefinition of luxury," said Betsy Jacobsen, Realtor Owner and Principal Broker of Maui Real Estate Professionals. "There is a definite movement toward properties that offer more land and the potential for sustainability. This is certainly the case for this property as the buyers who purchased it admired the private estate land surroundings, solar capability, and the Kava and Ulu [breadfruit] orchard."

Maui Real Estate Professionals is the exclusive affiliate of Christie's Great Estates in Maui, Hawaii. Through Maui Real Estate Professionals, buyers and sellers of high-end properties in Maui, Hawaii, have access to the combined marketing efforts of Christie's and Christie's Great Estates.

ABOUT CHRISTIE'S GREAT ESTATES

Christie's Great Estates is the largest international network of real estate companies dedicated to the sale and marketing of luxury homes and a subsidiary of Christie's, the world's leading art business. Christie's clients who buy and sell works of art often request real estate services. To satisfy this demand, Great Estates, founded by Kay Coughlin in 1987, was acquired by Christie's in 1995. Today, the Christie's Great Estates global network spans more than 40 countries with 850 offices and approximately 35,000 brokers. Committed to the auction house's two-century-old tradition of exceptional customer service and expertise in high-value marketing, the network achieved total combined sales in excess of $125 billion.

Admittance to the Christie's Great Estates network is offered by invitation only to those real estate companies with proven records of success in high-value home sales and who exemplify Christie's traditional value of service. Once awarded affiliate status, brokers may then display the coveted Christie's brand and use the proprietary marketing services of Christie's Great Estates, which has successfully marketed high-value real estate around the globe for more than 20 years. Exceptionally skilled local real estate specialists, a client-focused approach, and strategic global marketing to a qualified audience of proven luxury consumers are the hallmarks of Christie's Great Estates.

For additional information about Christie's Great Estates, please contact Lisa Bessone, Director of Communications, at +1 505 983 8733. Visit the Christie's Great Estates Web site: http://www.christiesgreatestates.com

ABOUT MAUI REAL ESTATE PROFESSIONALS, INC.
The concept and company were founded by Betsy Jacobsen in the mid 1990s but only came into its own when Betsy left the "Name Brand" real estate life to strike out on her own in 2004 in her private offices becoming 28th out of the top 100 agents on Maui in 2005. On March 16, 2007, Jacobsen opened the doors of her newly built boutique firm with six agents and her administrative assistant. The company is growing steadily in this very challenging market because of the quality of service provided by Betsy and her agents. The firm has been strategically placed where it can cater to the needs of the sellers who own the many luxury properties located in Upcountry Maui, and along Maui's north shore as well as Central Maui. A quote from the Escapes' feature of The New York Times on December 7, 2007, stated, "Hawaii is the Monaco of the West Coast for the affluent." Maui is finite and is considered a safe destination. What more can we say but "Maui No Ka Oi"—"Maui is the Best."

For additional information on Maui Real Estate Professionals, please visit their Web site at http://www.mauirealestateprofessionals.com or contact Betsy Jacobsen at +1 808 573 2005.


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