Casa En Maui Auction Officially Underway: Understanding the Luxury Real Estate Auction Process

The time has come—bidding is now officially open for Casa En Maui. Most recently listed at $65 million, this oceanfront estate by renowned architect Ricardo Legorreta is currently at a high bid of $20 million. Set on 0.87 acres with more than 100 feet of oceanfront lanai, the 21,692 sq. ft. residence will be sold to the highest bidder—regardless of price—on Tuesday, May 6 at 1PM HST. If you’ve been following this property, now is the time to register, which you can do here.

Buying luxury real estate at auction can be a smart, efficient way to secure a one-of-a-kind property—especially when it’s on a tropical island paradise. If you’re considering bidding on a home or estate in Hawai‘i, here’s a simple breakdown of how the auction process works and a look at three stunning properties currently available through Concierge Auctions.

How the Auction Process Works

1. Starting Bid & Market Reserve
   Before the auction begins, interested buyers can submit a Starting Bid. The highest Starting Bid received becomes the Market Reserve—this is the price floor. If bidding reaches or exceeds this amount, the property will sell.
2. Starting Bid Incentive
   Concierge Auctions offers a special incentive for the winning bidder if their initial Starting Bid set the Market Reserve: they’ll cover 50% of the Buyer Premium based on that Starting Bid.
3. Buyer Premium & Deposit
   The Buyer Premium is typically 12–15% of the winning bid, paid by the buyer. Once bidding ends, the winning bidder must deposit 12% of the purchase price into escrow, with closing expected in about 30 days.
4. Support While Bidding
   Need help during the auction? Concierge provides Bidding Assistants via a private phone line during the final 15 minutes of bidding. They can request time extensions, help explain the process, or assist with bid increments.

Some Common Auction Terms to Know

• Soft Gavel: Extra time is added when a last-minute bid is placed to allow fair competition.
• Power Bid: A bold move—bidding above the current ask—to signal serious interest.
• Max/Proxy Bid: Let the system or a representative bid up to a certain limit for you.
• Counter Bid: Used by the Auctioneer to help reach the Reserve.
• Chip: A small increment below the current ask.
• Time Extensions: Can be granted for 3–5 minutes at the auctioneer’s discretion.

You Can Bid Casa En Maui On Right Now

Casa En Maui Estate – Keawakapu Beach, Maui

• Listed at: $65M on Concierge Auctions
• Current winning bid is in at: $20M
• Auction Ends: May 6, 2025 at 7:00 PM EDT

This 21,692-sq-ft masterpiece by Ricardo Legorreta blends bold architecture and beachfront luxury. With 8 bedrooms, a private yoga studio, gym, and over 100 feet of oceanfront lanai, it’s one of Maui’s most iconic estates.

Ready to Bid?

To view full property details and auction information, click here.

For questions about the auction process, registration, or to schedule a private showing, virtually or in person, please contact me directly at 808.346.7413