Record-setting Real Estate in Hawaii
A new real estate record has been set on Oahu. A double lot at the upper end of beachfront Kailua has sold for $24 million. The two houses on Kailuana Loop provide a total of 255 linear feet of beach frontage and a total of 15,000 square feet of living space in two separate houses. The main home includes staff quarters and a pool and the second house has its own gym, sauna and tennis court. Is the real estate worth it? Check out the website for the two estates which is full of gorgeous pictures of both homes. I can definitely understand why these homes went fairly quickly.
Reader Comments (Page 1 of 1)
DJ Aug 2nd 2006 12:43PM
Wonder if the broker got full commission on the sale? At a typical 6% rate, they would make a mere $1.44 million! And given that the same brokerage handled the entire transaction, it could have been more than that!
Rodney Rumford Aug 2nd 2006 5:24PM
Money is a relative thing. The property is worth it if that is what the buyer desired to purchase. Come on, 255 feet of beach and spectacular living quarters... that is a dream!
In san diego where I live, you can spend 20 million for an ocean front home and not have that sort of footage or privacy or living space.
So in my eyes it was probably well worth it.
Joe Aug 3rd 2006 12:02PM
thats awesome.
joe
http://www.calpartours.com
joshj Aug 4th 2006 1:39AM
considering the lot alone cost $10M-15M $24M doesn't seem to bad...