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Did Mark Zuckerberg Just Drop $66M on 375 Acres in Hawaii?

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Facebook founder and billionaire Mark Zuckerberg (a human who is 30-and-one-half years-old) is reportedly the buyer of 375 acres on the North Shore of the Hawaiian island of Kauai, a parcel that was recently on the market for $75M. According to a "source" of Pacific Business News, the acreage that Zuckerberg bought for a "likely" $66M is deeded and entitled to hold "80 homesites with approved roads," meaning the Zuck could very well be poised to create his own Hawaiian mega-compound on what the brokerbabble describes as "the most picturesque of the Hawaiian Islands." (Or, in other words, "suck an egg, Larry Ellison.")

The Kahu'aina Plantation is right now a working organic farm, though the parcel includes 2,500 feet of white sand beach, nearly a mile of ocean frontage, and a gradual topographical elevation to about 300 feet above sea level. The land is marked by "ridges and valleys with breathtaking ocean views" and is considered by the realtors selling it a "once-in-a-lifetime opportunity for a discerning buyer."

Of course, this is not Zuckerberg's first boogie in the estate game—he's got no less than five adjoining properties in Palo Alto, Calif., as well as a San Francisco manse he's tearing up the neighborhood remodeling—though it's undeniably his largest.

Perhaps the Zuck is finally taking cues from fellow tech titan Larry Ellison—and, really, he's the only person Zuckerberg, who is worth some $33 billion, can look up to: the Oracle founder has a net worth of $46B, owns no less than 10 properties on Malibu's "Billionaire's Row," and spends his free time playing God on his own 90,000-acre Hawaiian island, which he bought for some $300M in 2012. Zuckerberg has a long way to go until he can best the country's greatest real estate spender, but everybody's got to start somewhere, right? This is America after all.


· Is Facebook's Mark Zuckerberg buying a Hawaii beachfront estate? [Pacific Business News via Valleywag]
· Kahu'aina Plantation [Sotheby's Realty]
· All Mark Zuckerberg coverage [Curbed National]
· All Larry Ellison coverage [Curbed National]