Despite having recently presented the Metaverse to the world, it seems that Mark Zuckerberg still has a strong interest in real estate in the physical world. The social media tycoon and software entrepreneur, according to a recent article in the Honolulu Star-Advertiser, has reportedly paid a whopping $17 million for the right to expand his enormous, expansive Hawaiian estate by more than 100 acres.
A old sugar plantation reservoir on the island of Kauai, which sparked a devastating flood 16 years ago, is located on the 110-acre tract. Zuckerberg is expanding his large Hawaiian estate by purchasing these 110 acres in addition to the 700 acres he had purchased in 2014 for approximately $100 million and the almost 600 acres he acquired in April of last year for $53 million. In total, that values the Zuckerberg Hawaiian estate at $170 million and over 1400 acres.
A representative for the household of Mark Zuckerberg and Priscilla Chan is Ben LaBolt. He told the Star-Advertiser that the couple, who have lived in Hawaii for many years, “continue to make their home at Ko’olau Ranch.” The report claims that Chan and Zuckerberg “want to expand agricultural, ranching, conservation, and wildlife protection work occurring with community partners on their 1,300 acres to the freshly purchased 110 acres,” according to LaBolt.
That will include carrying out some urgently required repairs on that outdated reservoir, which, 15 years after the fatal flood of 2006, supposedly still hasn’t been fixed.
The Pflueger family sold the land to Zuckerberg’s Kaloko LLC. After weeks of persistent rain in the area, late Pflueger patriarch James Pflueger was adjudicated legally accountable for the poor management that caused the reservoir to flood. He really spent seven months in jail in the years between 2014 and 2015 for the tragedy before passing away in 2017 at the age of 91.