Cher's Home And Others Sell Big In Hawaiian Auction
It seems to be a good week for luxury real estate auctions. Concierge Auctions has announced the results of the January 18 auction of Cher's home in the exclusive Hualalai Resort in Hawaii along with a bunch of other home sales. Cher's home, which she did not live in, was sold to a buyer from Arizona for $8.72 million (it was expected to fetch between $8 and $12 million). The January 18 auction included the successful sale of five properties in Kona, Hawaii, for a total of more than $19.4 million.
In addition to Cher's home, a property at 72-3209 Ka Nehe Place in the Kuki'o Golf and Beach Club and Residences, shown above, which was selling absolute was purchased by a buyer from Beverly Hills for $4.95 million. We profiled this one as an estate of the day and it is a beauty. It was previously offered for $8.45 million so someone got a great deal. A second home selling absolute in Kuki'o, at 72-3205 Punaloa Place, was purchased for $3.85 million. Collectively, the prices achieved for the homes in Kuki'o were $10 per square foot higher than the average price per square foot for other homes sold in the Maniniowali section of Kuki'o over the past six months. Two other home sites in Kuk'io sold for $990,000 and $962,000.
Gallery: Ka Nehe Place