Peter Thiel, the co-founder of the payment service PayPal , has purchased a single-family home on Maui for $27 million. It is the largest amount ever paid for a single-family home in Maui County, according to Nancy Callahan, the Wailea Group.
Thiel bought the 1.7-acre Makena property from Wyoming rancher Dan Huish before it was put on the market. Huish had purchased the 4,500-square-foot house in 2006 for $19.2 million, Callahan said. Amenities for the home, which is undergoing renovations, were not disclosed.