clock menu more-arrow no yes

Filed under:

$29.5M Hawaiian Secret Beach Home, Formerly Will Smith's Pad, Hits the Market

While this 28-acre beauty on a bluff overlooking Kauai's North Store has the attributes you'd expect out of any multi-million dollar tropical escape—pool house, swimming pool, screened-in veranda—it's ownership history also gets pretty interesting, connecting this Hawaiian escape to some of the richest people in the world. Will Smith picked up the 28-acre property for $13.5 million in 2009, it's original claim to fame, but then sold it for $20 million in an off-market deal to the heiress of Russian oligarch, Dmitry Rybolovlev, a billionaire fertilizer king who would later be hit with one of the world's largest divorce settlements ($4 billion). For his daughter, Ekaterina, this property was just part of an eye-popping real estate trust set up in her name, which includes an $88 million Central Park West penthouse and a $95 million Palm Beach home purchased from Donald Trump. A few years ago, Rybolovlev's estranged wife Elena sued, claiming the trust was a means of protecting these properties from the settlement, but now that the suit has been dismissed, the property is back on the market for $29.5 million.

Russian Heiress Lists Large Kauai Estate, Formerly Owned by Will Smith [Wall Street Journal]
These Sleek, Seaside Comfort Stations Showcase Hawaii's Modernist Style [Curbed]
Did Mark Zuckerberg Just Drop $66M on 375 Acres in Hawaii? [Curbed]
Gorgeous Estate on Hawaii's Big Island, Now $3M Cheaper [Curbed]