Actors Will Smith and Jada Pinkett Smith have sold a Kauai compound above Secret Beach that was once owned by NBA legend Kareem Abdul-Jabbar for $12 million, according to a report in Variety.

Variety reports the off-market transaction involved a multi-residence compound on two parcels in Kilauea that the couple acquired in 2015 for a total of $10 million. One of the parcels was listed in 2014 for $5.9 million. The Smiths paid $4.8 million for one parcel and $5.19 million for the other, according…

Source: http://feeds.bizjournals.com/industry_21