Amazon founder Jeff Bezos just purchased a $78million private Hawaii estate that spans 14 acres and is surrounded by dormant lava fields.
Bezos, 57, purchased the three-building estate on La Perouse Bay on Valley Isle in Maui, Hawaii, recently for an estimated $78million, the New York Post confirmed.
He is the latest internet billionaire to snap up a waterfront property, despite local discontent.
It is unclear when Bezos purchased the property, but he donated to the Hawaii Land Trust in mid-September, which is responsible for the environmental conservation in Maui. He and his girlfriend Lauren Sanchez, 51, reportedly donated to several local charities to feel a part of the community.
The property was sold to Bezos in an off-market deal. He purchased the estate from Colorado-based holding company Lochland Holdings, which is owned by the Schatz family.
Amazon CEO Jeff Bezos purchased a $78million secluded estate surrounded by luscious greenery, palm trees, and a marine fishing reserve
The ultra-secluded estate sits on a marine fishing reserve, which is rare to have access too and even fishing boats are not allowed in the waters
Bezos and his girlfriend Lauren Sanchez, 51, (pictured) recently donated to the Hawaii Land Trust in mid-September, which is responsible for the environmental conservation in Maui to feel a part of the community
The property is home to three buildings, including the main structure, which is 4,450 square feet and has three bedrooms and three bathrooms.
The second building is 1,839 square feet guesthouse with two-bedrooms and two-and-a-half bathrooms. And the third is 1,815 square feet with three bedrooms and one bathroom.
The entrepreneur's new dig sits on a marine fishing reserve, which is rare to have access to and even fishing boats are not allowed, the New York Post reported.
It is also surrounded by dormant lava fields where the Haleakalā volcano - which is eight times larger than the Empire State Building in New York City and its hotspots can reach up to 2,500 degrees Fahrenheit - last erupted in 1790, according to Haleakalā Ecotours. It is expected to erupt again within 500 years, according to scientists.
Bezos is also allegedly scouting more off-the-market properties in Maui to expand his real estate portfolio in the Aloha State and is reportedly searching for a home for his parents in Montage Kapalua Bay, where he often stays at a luxury resort, according to the New York Post.
It seems Bezos isn't the only internet billionaire who thinks drinking mai tais on their own private resort and hula dancing to the sway of the palm trees sounds fun.
Facebook CEO Mark Zuckerberg, 37, recently bought a sprawling 600-acre property for a cool $53million on the island of Kauai. He also reportedly owns a 700-acre property on one of the islands that he acquired for more than $100million in 2014.
Both Bezos and Zuckerberg have faced backlash from locals for their extravagant purchases from raising housing costs to purchasing property on sacred land.
Bezos has so far only faced backlash for driving up housing costs - which sit around $1million on average, a local told the New York Post.
'It is tough being born and raised here, seeing these real estate transactions and how it can drive up prices,' a source told the New York Post. 'On the island, an average home now costs $1million - way above what most blue-collar workers can afford, so I always struggle with that.'
The three-building estate is located on La Perouse Bay on Valley Isle in Maui, Hawaii, and is surrounded by dormant lava fields. It is located west of Haleakalā volcano - which is eight times larger than the Empire State Building in New York City - and last erupted in 1790
The waterfront compound is located on the southwest trip of the Hawaii island
Zuckerberg, who often finds himself embroiled in controversy, purchased his newest Hawaiian estate from Waioli Corporation - a local nonprofit that preserves historic locations throughout the island, according to Business Insider.
The CEO of the corporation Sam Pratt said Zuckerberg and his wife Priscilla Chan would be 'responsible stewards' of the land and had shown dedication to the island.
Other locals, however,
