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Rich Homebuyers Are Now ‘Test-Driving’ Multimillion-Dollar Mansions

Bloomberg

Jan 16, 2019 | News

Rich Homebuyers Are Now ‘Test-Driving’ Multimillion-Dollar Mansions

Before the housing bubble burst, affluent families would buy mountaintop homes site-unseen because there wasn’t a lot out there. But now wealthy people are starting to think of these resort properties as long-term investments for their families.

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This does not constitute an offer to sell or a solicitation of an offer to buy a unit. Nor is it an offering or solicitation of sale in any jurisdiction where the development is not registered in accordance with applicable law or where such offering or solicitation would otherwise be prohibited by law. Obtain all disclosure documents required by applicable laws and read them before signing anything. No governmental agency has judged the merits or value, if any, of the development. Further, ownership of a unit in the development will be subject to the terms of various documents relating to the development. The Montage Residences Kapalua Bay are not owned, developed or sold by Montage Hotels & Resorts, LLC or its affiliates (“Montage”). Island Acquisitions Kapalua, LLC uses the MONTAGE brand name and certain MONTAGE trademarks in connection with the sales and marketing of the Residences under license from Montage.