Wall Street Journal - A Beach Retreat in Thailand

20 July 2012

By PATRICK BRZESKI

STATS: A 7,500-square-foot villa with six bedrooms and six bathrooms on 2½ seaside acres is asking 215 million Thai baht ($6.8 million), or THB28,666 per square foot. The annual cost of running the property, including management fees, maintenance, utilities and a staff of five, is $81,000, according to the owners.

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Alan Kozlowski
Open House

102/21 Moo 3, T. Namuang
Koh Samui, Thailand

DETAILS: The co-owner and builder of the estate and a partner bought the lot in 2005. The home includes a salvaged teak temple structure from Bali, green stone from Thailand and 100-year-old teak shingles. The property also has three kitchens, three living rooms, two movie-screening rooms, a beach-side yoga space, an infinity pool and a staff office.

SELLERS: Alan Kozlowski and his business partner in the investment, Michael Burns. Mr. Kozlowski is a musician, filmmaker, multimedia artist and creator of the Music Path, a music app for the iPad. Mr. Burns is vice chairman of Lionsgate.

THE NEIGHBORHOOD: The estate is on the southeastern coast of Koh Samui. Kamalaya, a wellness resort, is a stroll down the beach.

WHAT WE PAID: Mr. Kozlowski says he and his partner spent $1.4 million on the land, $300,000 on the roads and infrastructure, $400,000 on landscaping and $1.4 million on the home, which was completed in 2007. A further $250,000 went into furnishings, which are included.

WHY WE'RE SELLING: "I'm good at creating things, but I don't aspire to be a manager—and it does take some management to maintain a staff of five on the other side of the world," says Mr. Kozlowski.

WHAT WE'LL MISS: "We had some rousing evenings of good food, conversation, music—wonderful times. It's been an amazing place to connect with people."

WHAT WE WON'T: "When you're that close to the water in a house made of that much beautiful old wood—maintenance is an ongoing project," Mr. Kozlowski says.

COMP: A six-bedroom, eight-bath, 6,500-square-foot villa, plus guest cottage, on 2½ acres of land with sea views (but no direct beach access), tropical gardens and an infinity pool in southern Koh Samui is currently listed for 210 million baht.

OTHERS SAY: Martin Phillips of Phillips Property in Phuket says the home stands out because of its use of natural materials. He adds that he sees it attracting international buyers who "appreciate a natural yet luxurious setting." Andrew Hunter of Hunter Sotheby's International Realty has the listing.

A version of this article appeared July 19, 2012, on page D7A in the U.S. edition of The Wall Street Journal, with the headline: A Beach Retreat in Thailand.

Source: Wall Street Journal