The Maui news. [volume] (Wailuku, Maui, H.I.) 1900-current, 1922-11-21
Frank Baldwin
Is Prospective
Buyer OF Tract
Splendid Property Extends Up
Slopes Of Western And
Southwestern Sides Of Ha-
leakala, 5000 Acres

Frank F. Baldwin has secured an
option for the purchase ct the Ray
mond Ranch properties and real
estate deal second only IN magnitude
to the recent sale of Lanai may be ex-
pected to be completed between now
and the first of the year. Ccnfirma-
ton of a report to that effect has been
secured both from Mr.. Baldwin and
from DR.. j. n. Raymond. The pur-
chase price is $625,000.
Great Area included
Raymond Ranch, the property COW
cred by the option is a vast and beau
tifulIy located, rich and fertile estate
which is situated on the Southwestern
ly and westerly slopes of tIaeakala.
The fee simple lands in the tract con-
sist Of Ulupalakua, Rose Ranch, pur-
chased more than 20 years ago, lands
formerly of the Makee Sugar Company
and Auwahi, amounting in all to 2a,719
acres. In addition to such fee simple
lands there are included in the deal
nearly 10000 acres of leased lands. The
largest tract of such lands is kahiki-
nui and comprises 1865 acres. A re.
neWal of the lease was secured a few
months ago. Another large lease land
area in kanao which contains some
1900 acres and on which the lease
will not expire until in 1927.
In addition to the lands there will
be included in the sale the livestock,
it being estimated there are 5000 head
OF cattle on the range. They are
mostly white faced Herefords but
there are some short horns and Pole
d'Angus.
Varied Topography and Soil
There is no better grazing land on
Maui or in the Islands than some of
that embraced in the territory under
option and much of the land is avail
able for agricultural purposes. Mr..
Raymond has raised red beans, corn.
fodder and other crops extensively but
has not used nearly all of the area
that would be available for such pur-
poses if desired. There are ample
sources of water supply and import
ant water rights that will go with the
property.
Frank If. Baldwin in confirming the
report that he had secured an option
on the property said that the purchase
OF the property would be simply going
from one land investment into another
as he and Harry a, Baldwin had sold
Lanai and Hawaiian Pineapple Com
pany had announced they would eX-
ercise their option for its purchase. In
the Raymond Ranch deal, however.
Harry Baldwin does not enter. Ii is
purchased by Frank Baldwin indivi-
dually.
Or. Raymond Retiring
DR.. Raymond said that he had not
determined upon what he will do if
the sale be completed. Harvey Ray
mond is leaving soon to accept
position in a large real estate con
Germ on the mainland He has been
contemplating retiring from active
participation in the ranch affairs for
some time past and had contemplated
Incorporating and the formation of a
company to handle the property and
its interests. There have been mum
erous approaches made by various
persons in the past looking to possi-
BILE purchase but in no instance was
an option given.
Negotiations Succeed
Negotiations for the property have
been in progress for several weeks
past and have been conducted through
the Hawaiian Trust Company in Ho-
nolulu. Dr.. Raymond said yesterday
that the payment for the option was
made only three days ago. Prior to
that time there had been rumors on
the subject but he would not confirm
such rumOrs until the option had ac-
tually been given and taken. He add
ed that Mr. Baldwin has until January
/ l, TO exercise his option.
Owing to the fact that nearly half
of the premises is leasehold land it is
impracticable to figure any price per
acre in the transaction. II is agreed
however that the property is one of
/ the most desirable that could be found
any where in Hawaii nei.