Idaho Billionaire Buys 102-Acre Estate for $14.3 Million

Jim Karlovsky, RB | (808) 282-7981 Celebrities , Local Kauai News , Real Estate Leave a Comment

Pacific Business NewsValleyHouse reports that billionaire Frank VanderSloot, founder of Melaleuca Inc., a nutritional supplement company based in Idaho, has purchased the historic Valley House estate in Kealia for $14.3 million.

Encompassing 102 acres in total and with roots dating back to the 1870’s, the Valley House estate has three homes, two waterfalls and a helipad onsite, plus numerous features including a 125-year-old arching bridge, hand-shaped Roman paving blocks from Italy, and Hawaii’s oldest grove of lychee trees.  The following detailed history and description of the property is provided at ValleyHouseKauai.com:

“The Valley House estate is steeped in history. Its legendary reputation comes from its original owner, Colonel Zephaniah Smith Spalding, a Civil War veteran who came to Kaua`i in 1878 per King Kalakaua’s request. Spalding obtained 11,000 acres of land and established Kaua`i’s sugarcane industry. By 1880, Spalding had finished his Ke`alia estate and named his home “The Valley House.” The Colonel was renowned for his lavish entertaining of aristocratic guests and sumptuous festivities. Historic features abound on the property. The half-acre lily pond rimmed by Royal palms, the arching bridge, and the groves and orchards…  Valley House estate is romantic. It is surrounded by Ke`alia river and 100 acres of rainforest fringe its edges. It is a secluded and private place where exotic tropical plants grow wildly and luscious trees—heavy with fruit—spread throughout the property. Valley House estate encapsulates vestiges of Old Hawai`i, with modern comforts, adventure, and nature at your fingertips.”

The property is rumored to have been the location for the filming of multiple feature films, including Jurassic Park and Pirates of the Caribbean: On Stranger Tides.  The estate was originally placed on the market for sale in 2012, with an initial asking price of $25 million.

 

About the Author

Jim Karlovsky, RB | (808) 282-7981

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Having worked as a licensed Real Estate Broker in 3 states (HI, CA & IL), with $6.7 Billion in real estate sold, leased, advised upon and/or formally valued for clients, and with the experience of more than 150 completed transactions involving luxury residential, vacant land, retail, office and industrial property types, I bring a wealth of knowledge and experience to the real estate advisory and sales services I provide to my clients here on Kauai. I hold myself to the highest ethical standards and always place my clients’ interests above my own. With an unwavering and unsurpassed work ethic, I work to advance the objectives of my clients with integrity and in a manner that fosters a sense of trust and respect.