An Exclusive, Private Hawaii For the Super-Rich

10 May 2002 - 10:00am

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

"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."

Source: The New York Times, May 10, 2002
Bookmark and Share
It's all too easy for projects to claim that they will be successful places, and all too hard to tell ahead of time which ones actually will.