If it sells near the asking price, it will best a much smaller transitional Spanish-style home across the street that closed Feb. 13 for $16.25 million.

The project is being handled by Kona Hawaii Development LLC, an LLC formed by Baywood Hotels Inc., on a 1.75 parcel at ...

The La Gorce Island estate is owned by a wealthy German family who used it as a vacation property over the years.