An Eco Oasis in Bali Offering Upscale Green Living and a Sound Dome is Selling at Auction

An eco-chic oasis in Bali, Indonesia, is up for auction and will sell to the highest bidder with no reserve.

Spanning more than 15,000 square feet, the turnkey nature-lover’s estate, known as Villa Krtajna is in Canggu, a resort village on the south coast of the island that’s surrounded by terraced rice paddies and known for its surf beaches.

Consisting of a primary residence and a separate loft, the property—currently on the sales market with a $1.95 million asking price—has a total of six bedrooms and nine full bathrooms.

The Concierge Auctions sale, in cooperation with Vivi Aprilia of OXO Group Indonesia, opened up to bids this week and will run until the hammer falls on Sept. 7.

Built with polished concrete, aluminium and recycled antique teak, the biophilic spread “embodies a fusion of nature and sustainable living, designed to enhance well-being and create a healthier environment,” the listing said.

No artificial colours can be found across the home, making for an organic palette of soft greys and warm browns from the concrete and wood construction.

Inside, a wooden walkway over a shallow pool in a double-height foyer leads into the home where walls of glass open up much of the property to the outdoors. There’s a sun-filled and open-plan living, kitchen and dining space, and a floating wooden staircase leads upstairs, where there’s the primary suite, two offices and a roof garden.

“Overall, this home prioritises sustainability, a connection to nature and utmost wellness for its future owners,” the listing said.

One of those priorities is underlined by the spa, which is fitted with a steam room, a cold plunge and a multipurpose sound dome, to be used for meditation, sound therapy or a massage space.

The semi-detached two-bedroom loft house has a pool and a sun deck and can be used for extra space or to provide a source of income.

The home also boasts a host of green-approved amenities, including a solar-powered energy system, a water treatment plant for pure drinking water, a rainwater harvesting system and low-chemical pools.

Mansion Global couldn’t determine the owner of the home.

The typically busy spring season for the housing market was a dud, and the summer isn’t looking much brighter.

Housing services companies like Zillow Group and Rocket RKT +3.78% were loud and clear last week on earnings calls: Rocket CEO Varun Krishna called the quarter through June “one of the toughest spring housing markets in years.”

Jeremy Hofmann, Zillow’s chief financial officer, said on a conference call that the company predicted earlier this year that the market for mortgages would be flat. “We actually now think it’s going to be down low-to-mid-single digits,” he said.

The rest of 2026 will remain challenging for mortgage origination volume, says KBW analyst Bose George. The question now is what happens in 2027. “If mortgage rates remain [around] 6.75%, I think that’s going to be challenging even for next year,” he says.

But what’s bad news for mortgage companies could be a positive for bargain hunters. Buyers can expect prices to grow more slowly—or mildly decline—with less competition as long as mortgage rates remain unpredictable.

Mortgage rates at the beginning of the year were solidly below year-ago levels, notes Zillow senior economist Kara Ng. But they surpassed last year’s levels recently, she adds, referencing Freddie Mac’s weekly survey of 30-year fixed mortgage rates. Last week’s reading, at 6.69%, was higher than year-ago levels for the first time in 2026.

“From the affordability point of view, it’s going to get more challenging in the second half of the year,” she says. “And when affordability gets more challenging, that impacts sales and home price appreciation.”

Mortgage application data tracked by the Mortgage Bankers Association has cooled since the beginning of the year. The trade group expects that the number of mortgage originations in the remaining two quarters will lag behind last year’s levels, after exceeding 2025 levels in the first half.

Rocket’s early-stage data—which the company told Barron’s it derives from its brokerage Redfin, demand for its mortgage products, and signs in its servicing portfolio that a homeowner is preparing to refinance or move—“leads us to expect the third quarter mortgage market to be smaller than the second,” Chief Financial Officer Brian Brown, said on the company’s call. He added that such an occurrence is “something the industry has not seen since 2022.”

Prices will be about flat nationally, Ng says. Zillow’s most recent forecast, which shows how values are expected to change in the year ending June 2027, show them dropping in roughly half of the 100 largest U.S. metros for which data is available.

Buyers aren’t rushing in at a time when mortgage costs are rising and unpredictable. But those with the right combination of patience and cash could stand to benefit. “If you are financially qualified to buy a starter home, you are facing less competition and you’re more likely to get a price cut,” Ng says.