The Coconut Palms Plantation Resort is up for auction. The property is nestled between the Courtyard Kauai at Coconut Beach and the Mokihana Lodge and is on 11.78-acres of vacant land in the heart of Waipoili. The properties ownership has changed several hands in recent years and is now up for auction.
Officials from the Lihue-based Niu Pia Land Company, Ltd. sold the property for $11.4 million in 2005 to a Delaware-based landholding company called Coconut Plantation Holdings, LLC, according to state Bureau of Conveyances documents.
The current Los Angeles-based owners, Coconut Plantation Owners, LLC, later purchased the property from Coconut Plantation Holdings, LLC officials in a foreclosure sale for $3 million in 2009.
The property is available for touring from 10 a.m. to 6 p.m. from March 9-16.
The live auction is set for Thursday, March 19 and will be held at the Courtyard Kauai at Coconut Beach, 650 Aleka Loop in Waipouli.
Registration begins at 11 a.m. and the auction will start at 1 p.m.