kailua beach

The Obamas "Winter White House" Sold

Filed under: Estates

Although the President has been spending time on Martha's Vineyard recently he prefers another island in the winter. While Barack Obama loves his Hawaiian vacations, he might need a new place to stay this winter. The Honolulu Star-Advertiser reports that the home on Kailua Beach where the Obama family stayed in December 2008 and 2009 has been sold. The home was bought by a Maryland company managed by a nephew of Hawaii real estate baron Harry Weinberg. The five-bedroom home was built in 2006 and was listed for $7.95 million. The listing agent Joel Cavasso, who is with Century 21 Kailua Beach Realty told the Star-Advertiser that the property sold for around $6.9 million. The buyers have never met the President and sales documents list the buyer as Paradise Point Estates LLC. Cassavo said that although the house has been sold the new owners are hoping that the President will still come visit.

Gallery: Kailuana Place