You know what they say---you get what you pay for.
Unless, of course, you’re talking about an 11,000-square-foot, 5-bedroom mansion along the Hamakua coast!
That’s right—a mansion built back in 2005 was listed for auction this past year, and was successfully bid by a Big Island couple who plan to utilize the stunning home as their primary residence in the coming year.
Their price? A cool $5.75 million!
Now that’s what we’d call a bargain.
The property itself, overlooking the ocean along Old Mamalahoa Highway, has previously been rented for around $10k per night by the rich and famous, and features a full tennis stadium for up to 450 spectators, an Olympic-size pool, nine-hole golf course, rooftop helipad, and many more grand amenities.
When no takers initially lined up to buy the property back in 2020 (for its listing price of $12.5 million), the price was dropped until it went up for auction last year.
It really goes to show you just how valuable a quality, knowledgeable real estate professional is. When it comes to hunting down the home of your dreams on the Big Island, you’ll need someone with all the proverbial tools at their disposal, not to mention someone who has their ear to the ground to keep apprised of all that’s moving and shaking on the realty scene—and that’s where your friend Karen Bail comes in. With decades of experience under her belt, she’s amassed the Big Island of Hawai’i’s most-impressive list of satisfied clients, and she can’t wait to help you turn all those island dreams into a reality.
Give her a call today and let’s get started!