Hawaii real estate veteran Abe Lee sells North Shore land for $1.3M

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Hawaii real estate veteran Abe Lee has sold a 10,357-square-foot parcel of land that’s part of the Malaekahana Beach Estates on Oahu’s North Shore for about $1.3 million, Shimogawa Scoops has learned.
Earlier this year, Lee, who is the owner and broker-in-charge for Century 21 iProperties Hawaii, converted the property into a four-unit condominium project. Unit 3 is a two-story residential dwelling structure and Units 1, 2 and 4 are all spatial units.
Henry and Janet Larrucea recently closed on the purchase of Unit 1 at Malaekahana Beach Estates along Kamehameha Highway in Kahuku. The entire project encompasses about 1.5 acres.
Lee, who formed Malaekahana Bay LLC for the project, also is one of the most well-known real estate school owners and operators in Hawaii with his Abe Lee Seminars business.

In late 2016, Lee purchased the property from a group that includes prominent Honolulu attorney William McCorriston for $2.7 million.

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