Waterfalling Estates Goes Back On The Market

The new owners of the luxurious property known as Waterfalling Estate in Ninole have put it back on the market.

Charles Floyd Anderson and Sharon Anderson of Kansas City, Mo., purchased the estate at an auction in March for $5.75 million after the property did not move on the open market at a listed price of $26.5 million.

Property developer Scott Watson and partner Laurie Fraser Watson were sellers at the auction in March.

Anderson founded Opportunities International Publications, Inc., a Kansas City-based puzzle game company that has drawn complaints over questionable direct mail marketing practices in its contests. The Better Business Bureau issued a warning to consumers to be cautious about playing the games in 2012.

The estate, which totals 9.44 acres, overlooks waterfalls on the Hamakua Coast at 32-1056 Mamalahoa Highway.

The property, now listed for sale by Hilo Brokers for $10 million, is bordered by natural streams and “was crafted to showcase glorious twin waterfalls cascading down a stunning ocean bluff that overlooks the vast Pacific,” according to Hilo Brokers.

Amenties include a game room, oyster quartzite and travertine floors, African Sapele Mahogany ceilings, and plantation-style furnishings on every floor, each accessible via a 52-inch round Daytona pneumatic elevator, an Olympic-sized salt water infinity pool, 450-seat tennis and basketball stadium, nine-hole pitch-and-putt golf course, two-story water slide, sauna and kiddie pool.

A separate guest quarters houses private bath and dining facilities.