inos, courtesy of billionaire real

estate developer-turned-philan-

thropist Eli Broad. He is listing

his home for $75 million.

Mr. Broad, 86, and his wife of

65 years, Edythe L. Broad, 83,

have owned the house for nearly

two decades. After buying two

beachfront lots for about $5 mil-

lion around 2001, they hired Mr.

Meier to design a signature glass-

and-white aluminum modernist

Please turn to page M16

“vog”—air pollution caused by

noxious emissions like sulfur di-

oxide gas. Thousands of earth-

quakes occur here every year

(most very small), and the threat

of tsunamis is continuous. On

high-surf days, some beaches all

but disappear.

“A lot of people who own prop-

erties here have no clue. They

just come to play golf and leave,”

says Rick Oliver, an agent with

Clark Realty who says he always

mentions the lava zones to poten-

tial buyers—even though no one

ever asks him about it.

Human disputes have also accel-

erated in this once-remote corner

of the island, as the wealthy and

mega-wealthy jostle for their piece

of paradise. In September, Four

Seasons Hotels and the Hualalai

Resort entered into a mutually

Please turn to page M8

Inside Eli Broad’s Richard

Meier-Designed Malibu Home

The billionaire philanthropist is selling his longtime property on Carbon Beach

RUMBLINGS

In Hawaii’s

Priciest Paradise

The Big Island’s Kona-Kohala coastline is home to billionaires, celebrities—

and a host of disturbances both natural and man-made

Debbie and Douglas Dennis, whose house is above and below, said they were attracted to the Kohanaiki resort’s 67,000-square-foot clubhouse, with itsspa and sushi restaurant.

JOSHUA FLETCHER FOR THE WALL STREET JOURNAL (3)

29 PROPERTIES

SOLD FOR OVER

$5

MILLION

IN 2019

PRICIEST

SALE OF 2019

$25

MILLION

IN NOVEMBER

Hawaii’s Kona-

Kohala coast is

shockingly beau-

tiful, with tur-

quoise water set

off by black lava

fields, and palm-

tree lined la-

goons filled with

green sea tur-

tles. Celebrities, billionaires and

the descendants of brand-name

families own luxurious homes

amid the golf courses and beaches

that line this 35-mile stretch,

which runs along the northwest

side of the Big Island from Kona

up through North Kohala.

But beneath this paradisiacal

surface lies a host of disturbances

both natural and man-made. The

island is home to five active vol-

canoes, two of which are expected

to erupt again in our lifetime,

says Carolyn Parcheta, a geologist

with the Hawaiian Volcano Obser-

vatory. The 2018 eruption of Ki-

lauea Volcano on the other side of

the island periodically covered

the west side in volcanic smog, or

BYNANCYKEATES

Rock Cafe magnate Peter Morton

sold a Richard Meier-designed

home there for $110 million in

2018 in one of the biggest

deals ever closed in the

Los Angeles area.

Now, another Meier

property is hitting the

market on the

roughly 1.5-mile long

beach, which is lined

with luxury homes

packed together like dom-

Nicknamed Billionaire’s Beach,

Carbon Beach, a coveted strip

of sand in Malibu, Calif.,

has long drawn a pleth-

ora of business titans,

from Oracle co-

founder Larry Ellison,

who owns at least 10

properties there, to

entertainment executive

Jeffrey Katzenberg. Hard

BYKATHERINECLARKE

The property, including a guest house, has 105 feet of beachfront.

SIMON BERLYN/BERLYN MEDIA; RICHARD VOGEL/ASSOCIATED PRESS (BROAD)

FOR SALE

$75

MILLION

5,374 sq. ft,

5 bedrooms

MANSION

Keeping Texas

Weird

A funky home

redefines Hill-

Country style.M10

Super-Sized

Retreat

An Algarve estate

has room for the

whole family.M4

HOMES|MARKETS|PEOPLE|REDOS|SALES

WATERFRONT LIVING

$9.7

MILLION

Cost to build

in 2017

THE WALL STREET JOURNAL. Friday, February 28, 2020 |M1

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