Billionaire Starbucks Mogul Howard Schultz Sells Longtime Hawaii Retreat for $36 Million—Months After Quitting Seattle To Move to Florida

August 8, 2026 - 09:23

Howard Schultz, the 73-year-old former CEO of Starbucks, has sold his long-held Hawaii retreat for $36 million, according to property records. The deal closed on July 30, marking the end of his ownership of the estate, which he had maintained for years as a personal getaway.

The sale comes just months after Schultz made headlines by leaving Seattle, the city where Starbucks was founded and where he built his career, to relocate to Florida. The move was seen as a significant shift for a figure so closely tied to the Pacific Northwest, and now he has trimmed another major piece of his real estate portfolio.

The Hawaii property, located on the island of Maui, was a private compound that offered ocean views and substantial acreage. While the exact details of the buyer were not disclosed, the transaction adds to a string of high-end sales in the area, which has seen steady interest from wealthy buyers seeking a tropical escape.

Schultz stepped down from Starbucks' board in 2023 after several stints as CEO, the last of which was an interim role during a period of transition for the company. Since then, he has focused on personal ventures and philanthropy. His move to Florida, a state with no personal income tax, drew speculation about his long-term plans, though he has not publicly detailed his reasons beyond a desire for a change of scenery.

The sale of the Hawaii retreat is another sign that Schultz is simplifying his life outside of the coffee empire he helped turn into a global brand. For now, his focus appears to be on his new base in Florida, where he has been spotted at various events and has remained active in business circles. The Maui estate, once a quiet hideaway, now belongs to someone else, closing a chapter for the billionaire that spanned decades of island visits.