INCREDIBLE FIJI 46 ACRE PARADISE HOMESTEAD HITS THE MARKET – If you are wealthy enough and you really do fancy escaping the rat-race then the Rai Ki Wai estate could be just what you’ve been looking for.
The property comes with a stunning home, sitting on 46 acres, has its own beach and even a rainforest. Yes this is tropical living but at £7.5 million it won’t be affordable to everyone.
The Rai Ki Wai estate sits on Wakaya Island and is shared with just seven other properties but considering the estate sits within 46 acres of its own private grounds there won’t be an issue with neighbours.
If you like spacious living then this will be perfect for it covers a humongous 23,000 square feet of internal living space and features no less than six guest pavilions each with their own en-suite bathrooms – yes even when you entertain family and friends you’ll still have complete privacy if you desire.
If tropical living is your thing then your own private beach and rainforest is a must and Rai Ki Wai estate delivers.
If you fancy owning this estate it is now going up for auction with no reserve price but auctioneers, Concierge Auctions, New York, are expecting the sales price to hit £7.5 million or more. An auction date of October 3 has been set.
Current owner, Ms Fernandez, provided an insight for potential buyers stating that the island is remote and is one of 333 islands in Fiji.
The island can be reached by a 30 minute flight from Fiji’s main airport or by sea. The island does have a private airstrip and helipad along with a secured dock for boats.
The main house on the estate is set on the highest spot on the island allowing the owners uninterrupted stunning views of island, sea and the most incredible sunsets.
Everything about the estate oozes opulence with Fijian hardwood floors throughout with the design of the house being a Balinese / Asian. The vaulted ceilings are magnificent, allowing for the hot air to rise and escape whilst keeping the house temperature at a comfortable level.
The main pavilion, with its 4,200 square feet bar area, is perfect for those who simply want to relax in the tropical surroundings with a cocktail or two.
As for the master bedroom this itself is larger than most family homes in the UK for at 5,000 square feet it is simply massive. Again everything about this home is on a large scale.
It all does sound rather idyllic but what are the pitfalls? The most notable point is isolation and living on an island, whilst it might seem like a dream, is not overly practical; especially if you have children.
Whilst you may be some 30 minutes, by air, from mainland Fiji it has to be noted that Fiji has a highly unpredictable military dictatorship; despite being part of the Commonwealth.
The political climate has caused issues with its Pacific neighbours and as a result investment in the country has seen a sharp decline over the last 10 years.
As for property ownership you should consult a lawyer. According to the information meebal.com has both freehold and leasehold properties are available for foreigners to buy however the real estate market in Fiji remains unregulated and therefore foreigners are advised to approach any purchase with caution.