The NY Times looks at homes in Hawaii getting bought up sight unseen:
At the private Hokuli’a community, one-acre lots start at $7.5 million. Carrie Nicholson, director of sales and marketing for Hokuli’a, said building prices would start around $500 per square foot but would more likely land in the range of $1,000 per square foot.
Residents of Hokuli’a, though, enjoy the advantage of an agriculture easement on their properties, which allows them to introduce organic farming with tax credits from the state. Ms. Nicholson said these credits could reduce property taxes to $200 per year, “leading to plenty of mango trees surrounding the properties inside the community.”