Will Smith Sells His Family’s Multi-Home Compound in Kauai for $12M

Will Smith Sells His Family’s Multi-Home Compound in Kauai for $12M

Published: September 12, 2017 | By: American Luxury Staff

Will and Jada Pinkett Smith recently parted quietly with an estate on Kauai, collecting $12 million for the roughly seven-acre tropical retreat. The Smiths purchased the two properties that comprise the estate in 2015, paying $10 million for both.

This is the second time the couple has unintentionally dabbled in higher-end Hawaiian real estate flipping; in 2013, they sold another estate on the Garden Island, accepting an off-market offer of $20 million on a property they’d picked up for around $13.5 million four years before. Russian billionaire Dmitry Rybolovlev was the buyer of that property, a three bedroom waterfront getaway; he expanded its seven acres to 28, and marketed it for $29.5 million two years after that. It remains on the market at its initial asking price.

This second Kaui property which the Smiths more recently parted with was clearly a replacement for the first; it’s situated in roughly the same location as the first, Kauapea Beach. It includes main residences and guest houses from both original parcels, which collectively contain seven bedrooms and nine baths. It incorporates a pool with elevated spa, an outdoor entertainment area with bar, and dining and lounge space, and a tennis court.

The 6.91 acres of palm-dotted oceanfront are the real attraction, though. An orchard on the property, and a switchback private trail that winds down to the beach are highlights of the very quiet, very private tropical escape.

Will Smith’s may be seen this year in the fantasy film ‘Bright’; the film will be available on the streaming service this December. Jada Pinkett Smith’s appears in this year’s ‘Girls Trip.’

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