Marconi Station Oceanfront Oʻahu Auction: Still Time to Register to Bid

In this crazy real estate market, there are few opportunities to get a deal, let alone a steal. Bidding opens January 21st for the Marconi Station oceanfront property on the North Shore of Oʻahu presented by Hawaii Life and Concierge Auctions, and at this time indications are that some lucky bidder could end up with a steal for almost 29 acres with 848 feet of ocean frontage, as the property is listed for $15 million but selling without reserve.

Beachfront location next to the Turtle Bay Resort at Kahuku on the North Shore of Oʻahu, Hawaiʻi

Marconi Station – North Shore Oʻahu – 28.67 Acres with Four Historic Structures

To summarize again, the property being offered for sale at auction in January consists of:

• Four parcels with a total of 28.67 acres, allowing for a compound with multiple structures.
• 838 linear feet of oceanfront
• Registered historic status granted to four significant existing structures: the two-story 15-room Marconi Hotel, an office building, Marconi Powerhouse, and two-bedroom bungalow.

Because the existing structures had varied uses pre-dating todayʻs agricultural zoning, there is the possibility that their preservation and renovation plans could be approved for a variety of similar uses. This property calls for a new owner with vision and enthusiasm for the history of the site and the special values of its location.

Conceptual rendering of how the hotel building might look following restoration. Family residence or retreat with beachfront?

Because the Marconi Station property is on the Hawaiʻi State historic register, the requirements for restoration and approval of future use are negotiated with the State Historic Preservation officer. Sellers have signed a memorandum of understanding laying out a timetable and details for the most immediate necessity of an interim stabilization plan to prevent further deterioration. The new owner will design the future of the property from there.

While the exterior of the four buildings will need to be restored to an approximation of how they looked in 1914, the uses of the interiors do not have to be exactly what they were originally, namely a power house, hotel, administrative offices, and managerʻs residence.

The new owner will also have various usage opportunities allowed by agricultural zoning, perhaps in conjunction with the owners of other properties included in the Marconi Wireless Telegraph Station Historic District, which encompasses 89 acres including Marconi Station at its core.

How To Bid in the Marconi Station Property Auction

The sun sets on the auction on Friday, January 28, 2022. Most of the action occurs in the final minutes before the gavel falls.

While bidding opens on Friday, January 21, 2022, the auction does not conclude until January 28th. You can still register and place bids while the auction is open, and if history is any guide, all the action will take place in the final minutes.

To review the video and a ton of due diligence documents, go to this link on the Concierge Auctions website. Or feel free to reach out by phone or email to discuss the property and the bidding process.