Celebrity martial artist and actor Chuck Norris is buying Kauai North Shore property, a source told PBN this week.
Norris is the latest celebrity to acquire property on the Garden Isle. Others include Facebook founder Mark Zuckerberg and Oakley founder James Jannard.
The source told PBN that Norris, who has starred in several films and television shows, including “Walker, Texas Ranger,” is under contract to buy property at Paradise Island Ranch in Kilauea.
Farther up the North Shore, Jannard is buying several adjacent Hanalei Bay beachfront homes.
In 2012, Jannard’s Kauains LLC purchased a 23,162-square-foot parcel on Weke Road in Hanalei for $13.35 million from Jan Hailey Revocable Trust, near his current purchases. He sold it to Waioli Surf Shack Holdings LLC for $15 million a year later, according to public records.
Waioli Surf Shack Holdings has purchased five properties, a mix of vacant land and parcels with homes on them, for about $50 million.
Waioli Surf Shack Holdings’ C. Frederick Taylor is a partner in the hedge fund TGS Management, which has given almost $2 billion to charity, according to Bloomberg Businessweek.
The median price of homes on Kauai’s North Shore topped $1 million last month, according to data from Hawaii Information Service on behalf of the Kauai Board of Realtors.
In the Hanalei district, where the Princeville resort is located, the median price more than doubled to $1.3 million in February, 132 percent more than the median price of $560,000 in February 2014.
Duane Shimogawa Reporter – Pacific Business News