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Wednesday, January 30, 2013

Priced to sell on Hawaii Loa Ridge

Photos courtesy of Caron B Realty

If you think you’ve seen this listing featured in our blog, you have, two years ago—and at the time, it was listed for $12.5 million. Realtor Caron Broederdorf looked back and found it had actually been listed for $16 million prior to that.

Well, it’s back on the market again, at $7,980,000, which is even less than I remembered it when it was on the market 14 years ago. Why is it such a deal now?

“The owner is just ready to sell,” explains Broederdorf. “He’s a developer from the Mainland, and simply isn’t here enough to use the house.”

She says he’s open to a wide range of optional terms for the sale, as well, which has made her quite busy showing the home.

Since the owner has only lived in it part time, the residence is still in good condition. He made upgrades to the property in 2010 that have kept the look current.  (Click here for details.)

The distinct architectural design was done by James Mayo Macari of Santa Barbara, and the home is unique enough to have been featured on Lifestyles of the Rich and Famous.  The 10,245-square-foot home was built into the solid rock mountain with a structural steel frame and reinforced concrete construction, eucalyptus hardwood floors, marble, and granite. The centerpiece of the home is a three-story lava rock waterfall in a sky-lit atrium that flows down to the first floor entertainment level.

I didn’t realize until now that there is an elevator to connect all three levels, which is ideal if you are concerned about accessibility. Other features include maid’s quarters, exercise room, heated in-ground infinity pool, jacuzzi, outdoor barbecue and wet bar, outdoor sauna, and waterfalls inside and out.

There are six bedrooms, seven bathrooms, and two half-bathrooms in the home, which sits on 26,446 square feet of land.

If you want to see it yourself, it’s open today from 9:30 a.m. to 12:30 p.m.

Money talk: $7,980,000 fee simple
Contact: Caron Broederdorf, Caron B Realty, 808-286-5256, cbhill@caronb.com

Posted on Wednesday, January 30, 2013 in Permalink

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About This Page

Honolulu Real Estate focuses on the Hawaii housing market, condos and homes for sale, Hawaii rentals and general news about real estate in Hawaii. It also includes stories on apartment living, home decor and profiles.

Melissa Chang graduated from the University of Hawaii with a degree in journalism and has been blogging since 2007, mostly on food and travel. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.


Jaymes Song is a real estate agent at Prudential Advantage Realty in Kahala. Jaymes is in the top 7 percent of Prudential agents nationwide. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawaii and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job of being dad to two curious kids.

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