Surf Legend Laird Hamilton Lists Home for Sale; Is Beachfront Property Still Gnarly?

If you’ve been in Pe’ahi – one of the prime locations for humongous waves in the world near Maui’s North Shore – you might have scoped a glimpse of surf legend Laird Hamilton’s impressive ten-acre estate while catching a wave of your own.

If not, take the opportunity while you can – it soon won’t be Hamilton’s pad any longer.

The 47-year-old blonde big-wave surfer, with his wife – model/volleyball player/mommy Gabrielle Reece - will soon say “Later, bro” to his home, a $2.75 million, 5,000 square-foot estate with four bedrooms and four bathrooms. The home, nestled ever-so-nicely above a sheltered inlet on the bay and complete with its own waterfalls, sits close enough to the waves that Hamilton can hear them from his bedroom.

And these aren’t just any waves. Pe’ahi is the home of “Jaws”, a massive surf break that delivers waves up to 120 feet in height at speeds up to 30 miles per hour. So you can see why Hamilton chose that particular spot in Hawaii.

We think it might be because he’s crazy. (In a good way.)

In fact, Hamilton putting his home up for grabs made us take a look at other popular beachfront destinations and see how beachfront property stacks up in the real estate market today. It seems like it’s still going strong – pretty people and pretty scenery always seem to be in high demand and work very well together.

You don’t have to go very far to see evidence of that. Just up the road from Hamilton’s way-cool digs is a $27 million oceanfront compound that was recently purchased by Peter Thiel. Thiel, a technology entrepreneur from San Francisco who co-founded a little company known as PayPal, thought the scenery was so nice that he decided he wanted to break the Maui County, Hawaii record for real estate purchases.

No word yet if he plans on surfing “Jaws”. In our opinion, for his safety, he should stick to technology.

The importance of having oceanfront property – it is almost always worth more than peasant property that just “looks” at the wide blue yonder – is such that property owners in Destin, Florida are suing to keep the state from dumping more sand on their heavily-eroded beach. Why?

Because then the state would own the new sand. And in the world of beachfront property, only the sand that touches the water matters.

It just goes to show that whether you want to hang ten, catch some rays, check out the scenery (or the “scenery”), or just bask in owning a home on the beach, beachfront property is still to stay.

And it is still quite gnarly. Just ask Laird; he still owns a home in Malibu that is – you guessed it – near the beach.

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