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Luxury Kailua Estate Attracting a lot of Attention on Oahu

Beachfront Estate in Kailua, Windward Oahu

Last week, the latest and most expensive to date Kerr Michaels project was listed in Kailua Beach. 210 Kalaheo Ave. has it all. This exclusive beach-side estate is nearly 1.5 acres on the ocean and has 8 bedrooms and 8 + bathrooms and was recently completed in 2009. If they achieve their goal in selling near the price of asking of $36 million, it would be a record setting sale for Windward Oahu.

Two homes sold over the last few years at $22 and $24 million on Oahu, however they were older homes whereas this is new construction…

It will be interesting to monitor the traffic this home receives.  At $36m, this estate is now the 2nd highest-priced residential offering the State of Hawaii.  The top spot belongs to the Tara Plantation at Papaa Bay on Kauai, which is rumored to be in negotiations.

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Ron Margolis

November 14, 2009

Actually Tara Plantation recorded on Thursday. Though listed for 39.5 million, the transaction closed for 28 million, an almost 30% discount. An amazing over 100 acre estate now has a new owner. We all hope to hear who bought it but supposedly the agents were all signed to non-disclosure agreements.

Ron Margolis

November 14, 2009

Actually Tara Plantation recorded on Thursday. Though listed for 39.5 million, the transaction closed for 28 million, an almost 30% discount. An amazing over 100 acre estate now has a new owner. We all hope to hear who bought it but supposedly the agents were all signed to non-disclosure agreements.

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