A 28-acre beautiful property on a bluff overlooking Kauai's North Shore, a famous spot in Hawaii considered as paradise by most people, is back on the market for $29.5 million.
This property has all the amenities you would expect out of a multi-million dollar tropical escape-pool house, swimming pool, screened-in veranda. It has a very interesting history of ownership as it has gone under the ownership of one influential people to another. Back in 2009, American actor, producer, rapper, and songwriter, Will Smith picked up the property for $13.5 million. That was the first time the property got into the lime light and stepping into fame.
Later on in 2011, Smith sold it for $20 million in an off market deal to the Heiress of Russian Oligarch, Dmitry Rybolovlev, a billionaire fertilizer king who would later on be hit with one of the world's largest divorce settlements--$4 billion. Rybolovlev purchased this home from Smith as one of the eye-popping real estate trust in the name of his daughter Ekaterina, along with other properties like the 10-room, 626 sq. m. apartment at 15 Central Park West in New York City for $88 million and the 18 bedroom Maison de L'Amitié in Palm Beach, Florida, bought from the American businessman Donald Trump, American business magnate, for $95 million in 2008.
A few years ago, Rybolovlev's estranged wife Elena won a lawsuit filed in connection to this Hawaiian property, she was claiming that the trust was a means to protect the properties from the settlement. The lawsuit was dismissed by the judge. It was reported that the, then Mrs. Rybolovleva has run out of time to appeal the decision. Now the property is up for grabs to anybody willing to buy the property at the listed price given the interesting history.
