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Hawaii Realty International, LLC
1888 Kalakaua Avenue, Suite C312
Honolulu, HI 96815
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12.18.2009
Cher Sets Hawaiian Auction Of House She Built |
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After building a house on Hawaii's Big Island but never living in it, Cher is auctioning off the property.
Concierge Auctions, which is marketing the property located at the Four Seasons' Hualalai resort, anticipates bids between $8 million and $12 million. There's no minimum bid, but there's an unpublished reserve price that must be met. The singer bought the 0.76-acre property in December 2004 for $2.9 million and began building the house last year. A gated courtyard leads to the main house, which comes with an infinity pool overlooking the fourth hole of the Ke'olu Golf Course. The singer declined to comment.
The main house is flanked by four one-bedroom bungalows and a detached media room. The property will be auctioned on Jan. 18. Since May 2008, the 63-year-old singer has had a Las Vegas show at Caesars Palace.
The resort, on the Big Island's northwest coast, counts brokerage pioneer Charles Schwab and computer mogul Michael Dell among its residents.
Citadel's Griffin Buys
Also at the Hualalai resort, Kenneth Griffin, a major figure in the hedge-fund world, has paid $11.38 million for two adjacent lots, about four acres in all, overlooking the ocean.
Mr. Griffin, 41, founded Citadel Investment Group, whose main funds, Kensington and Wellington, fell more than 50% in 2008 but rebounded this year. Now, Mr. Griffin is launching four more funds and is expanding in investment banking. Rob Kildow of Hualalai Realty had the listing.
Wall Street Journal - Courtesy of/Credits |
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