A real smart buy!
It’s hardly scandalous to say that Quiksilver, birthed in 1970 in Torquay, Victoria, and responsible for the evolution of the modern surf industry, ain’t the company it once was.
After going bankrupt in 2015 and being bought by Oaktree Capital, along with Billabong, it now exists as a sort of mainstream heritage label.
All tip and no iceberg, y’could say.
Now, after five years on the market, Quiksilver has finally sold its team house at 59-367 Ke Nui Rd, the pretty wooden joint next door to the old Volcom house.
Quik sold the place for $US4,950,000, a sharpish discount on the twenty mill they were chasing when it was first listed at the end of 2016, although even at five it ain’t a bad capital gain considering they bought it in 2009 for $1.4 mill.
(Property taxes are twenty-five gees a year, if you’re wondering.)
Over the twelve years they’ve had it, Clay Marzo, Reynolds, Jez Flores, probs Craig Anderson if he ever went to Hawaii, not sure if he has, all stayed there.
Kelly Slater, likely, visited once or twice.
Only a handful of surf spots in the world share the same reverence that Banzai Pipeline has. And when it comes to Pipe, there are even fewer properties that can claim they truly front this iconic surf break. For that reason, we’re proud to present 59-367 Ke Nui Road…otherwise known to locals and surfers as the Quiksilver House. A property steeped in North Shore lore and witness to the world’s greatest surfing events. Perched roughly 15’ above Sunset’s sand, this property includes 6,740 sqft of land that sits in the premium position on Sunset Beach. Bring your architect to design a one of kind property worthy of this prime position or simply refresh the quintessential North Shore beach cottage. Either way, you’ll own a piece of Surfing history and be a part of Banzai Pipeline for generations to come.
Five mill seems real cheap, at least to me. Where I live that only buys you a two-bed semi-detached joint four hundred metres from the beach and devoid of sunlight until around three in the afternoon when a little yellow beam creeps in from the north-west.
What will Reef Macintosh do now?
i thought it said a little yellow beanie creeps in for a tic
Just like the Cenny coast. All these cunts built right on the sand, fucking the joint for everyone else forever.
On the coast about an hour from my place they’ve found heaps of evidence of a tsunami of over 60feet (Kermadec size) from a few hundred years ago.
Hawaii and California haven’t had such an event in the last 30 yrs you’re quoting.
It will happen though, and if it does in your lifetime you’re one of the lucky few to have both a beach and hill home.
Most won’t be…
Not sure how this ended up on the JJF thread.
4 hours ago
Not to mention that the city/county of Honolulu are a vote or two anyway from banning most short term rentals on the North Shore. If it happens it will have a huge impact on property values when all that rental income is wiped away.
How did it go from 20 mil to 5 mil? Must just be infested with mold and critters, perhaps the entire structure is about to fall down. It seems the real estate agents even know the house itself is a big piece of crap
At this price per square foot the house is just an accessory, I doubt it could have been in such shambles to warrant a such a large drop from the original price.
My guess is that the original price set 5yrs ago was placed in hopes that another surf brand would pick it up. If there is anything the last 5yrs have shown its that the endemic surf clothing brands aren’t returning to the glory days when they were flush with cash.
High times! That’s a fucken bargain and I know (of) a dude that does cheeeeeeeap burritos!
Are Quicksilver surfers posting up at Backpackers now?
Well, the article did point out that property taxes were $25000 a year – so I guess Quik is left with that as their rental accom budget instead? I wonder how many of the teams will do the whole rental house for the season thing now that the comp season is more fractured?
Heritage label?
Is that a nice way of saying–“its history”.
It warms my heart to see the further demise of da surf industry.
Your heart must be on fire.
ugh
Demolish it and live in a tent…
Craig Anderson if he ever went to Hawaii, not sure if he has…
DR, you wrote the story about Craig Anderson surfing Pipe on big ol’ singlefin, red in colour. How are you suddenly unsure if he has ever been there. Have you blanked the entire Stab experience from you mind?
There’s footage of Craig at rocky point
This is part of the hiring process for bitchgripe.com
https://tenor.com/view/neur…
This is Chas demonstrating the final phase of the hiring process for BitchGripe.com
https://uploads.disquscdn.c…
I did? And he did? Wait, yes yes, it comes now, the Red Apache, surfing Second Reef, board a six-six, inspired by Gerry Lopez.
The free Hayden Shapes and Quickie boardies you received for that story has probably paled in the light of your Whoop IPO stock.
Samrt to sell before the next massive weather event causes beach erosion.
Your writing is stellar Dez
Question is who bought tha joint?
My guess.., not local, not surfer (real).. wealthy VAL maybe, air bnb mofos?
Probs looks likely just more evidence of tha fn kookpacolypse
A reasonable price considering the truckloads of covid cash that have changed hands internationally in the last two years.
Shows that they were a pack of greedy bastards with no sense of reality for wildly grasping at their bankruptcy straws to think it was ever worth $20m in the first place.
Fuck beachfront property anyway, gimme a nice place on a hill with a view of the whole coast that’s well positioned to watch the beach houses get obliterated by the inevitable tsunami.
As the old saying goes, “the foolish man built his house on the low-lying sandy beachfront, while the wise man built his on the hill and laughed with beer in hand and bbq sizzling as he watched the showponies get washed away”.
P.S.
Oi Dezza
Presumably your back of Bondi semi-detached comes with even more dickhead neighbours than Hawaii can muster though, and that appears to be a fuckload…
Nailed it. Back in the day people built plantation shacks on the beach for a reason.
For their slaves?
Hawaii plantations are an interesting history. Some of those single walled houses are still around today. The Portuguese were the only plantation laborers that fought for schooling to be provided and that gave them a leg up on the other races hence all the portagee jokes in Hawaii basically fueled by jealousy
More yes, less violent, also yes.
Fucken A, beefy.
Absolutely, B&B.
My five-plus acres and home are at 1200ft. elevation, and we have a 25 mile panoramic view of the ocean, with Kona visible to the north. As long as Mauna Loa doesn’t blow it’s top, we’re golden.
Yeah but it’s 3 foot when n shore oahu is 12.
2 foot actually
All bulbous knob and no girth of shaft one might also say Derek.
All tip perched upon a short, spindly shaft. One might presume.
One decent storm and it’s in the sea. Kiss your 5 mill and house goodbye.
Exactly! That is why many of the mainland elite are selling their beachfront Hawaii trophy homes and moving up the hill.
Location says you’re right, but if it was built in 1970, they been saying the same thing for 51 years now, no? If you got 5 mill floating round your back pocket, I’m sure it’s worth the risk that you get another 51 years of beachfront joy out of it…
Beachfront shit happening faster now, stan.
Despite what our fav climate denier, bexyboi says.
There are many examples in these here parts.
Mate of mine lost his house on the cliff – and that was 20 years ago.
He used to have about 75 meters of lawn in front and then over about 10 years – nothing and no house.
It’s real.
No doubt shit’s real, I ain’t no denier. I just wonder where you draw the line between fear, caution, what ifs, and shrugging your shoulders and taking your chances? Don’t mind me, I’m up on the hill about 2kms inland!
Been plenty of storms, it is the North Shore after all, and those joints at Pipe are still there.
The first week of December 1969 over 60 beachfront homes from Ke Iki Rd, Ke Waena, to past Ke Nui Rd were totally smashed and washed onto Kamehameha Hwy. Including that stretch of homes you pictured in front of Pipe. And that wasn’t even a tsunami. It was just a massive doubled-up front ground swell. Owners couldn’t even give those properties away after that. It’s not a matter of if, it’s a matter of when, my dear Derek.
As BG’s ‘resident’ expert on Hawaiian history, have you ever considered penning the occasional article? Such would be vastly preferable to much of what gets posted here (Whoop, Jonah Hill, political fail, etc.)
Thanks Occ. I trust you’re digging the big isle?
I don’t think Drek likes me or any Hawaiians.
I did submit some gold years ago but not even a response.
He kneels at the altar of that faker Warshaw with dick in mouth.
Loving life on Big Island. So much to do, see, and learn.
Anybody who surfs and doesn’t like Hawaiians should give their boards to charity and take up a different sport. For shame!
Who is the “Dave” in your moniker (DavesDick)?
Will local Hawaiian heavies still have squatters rights?
I like to live in places that don’t get any sunlight until 2pm and then they overheat and you can’t breathe
Oh you would love a pre-war semi-attached home in Sydney! Darkness twenty one hours a day!
Established 1969 not 1970.
Ah yes, waiting for this! Maurice Cole told me the other night it wasn’t 1969 at all but 1970! Wrong all these years!
Even quiksilver can’t get it right, some of their tees say 1970, some say 1969.
https://www.quiksilver.com…..
At least you didn’t do a chas (or was it Ben?) And say it was founded by Jeff Hackman!