Before 8:00 a.m. this morning I received a call from an investor client who was interested in knowing the results of the Kukio auction on 2 residential lots and 3 homes in Kukio and Hualalai resorts, on the Big Island… yes one of which was “Chers’ home”Â The Lots were previously listed at 2.4 and 2.8 ml and went for $962.5k and $990k respectively and the homes, all of which were fabulous I might add; went for $3.85, 4.95 and $8.1 ml!
The largest home had not been listed previously andÂ was “estimated” to be between $8 and $12 million for over 8,800 sq. ft on 3/4 acre designed by Cher herself.Â The Ka Nehe Place home had previously been offered for sale atÂ $8.45 million and sold for $4.95ml.Â ThisÂ homeÂ wowedÂ my socks off (socks in Hawaii heh heh) with it’s barrel arched ceilings and fabulous woodwork throughout.
I feel very blessed to see so many luxurious homes that it is hard to wow me, but this one made me smile all the wayÂ home.Â The designer/owner put every ounce of feelings and luxury together in order to make this home
feel “comfortable,” which isÂ a tremendous featÂ within nearly 8000 sq. ft.Â The “small home” of only 5800 sq. ft on Punaloa Place, which had previsouly been offered at $8 million, is nowÂ passing to its’ new giddy owner owner for a mere $3.85ml; A bargain in this fabulous resort.
As always, it is a pleasure and an honor to be “in the know” of what’s going on with Big Island real estate, especially in the resort communities of Kukio, Hualalai, Mauna Lani, Mauna Kea and Waikoloa Beach.