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Monday, October 25, 2010

Beachfront Lanikai Villa Reduced by $2 Million

Beachfront Lanikai Villa Reduced by $2 Million

This Mediterranean-style villa on Lanikai Beach has been reduced by $2 million.

“It’s the only home on Lanikai Beach that has sandy beach, a yard and a big house,” says Annie Kwock. “Whereas, the other listings in Lanikai that have a nice yard and pool are on the sea wall. This house has got great beach access, and it’s private. And you just don’t see this style in Hawaii. It’s very charming and romantic. It has kind of a Romeo and Juliet feel inside.” The home’s design, by architect Ralph Gray, is textbook Mediterranean: A gleaming, white-stucco exterior contrasts a turquoise-tiled roof, while curved doorways and stone pillars mark the transitions between indoor-outdoor living spaces.

The architect clearly knew how to make an entrance, as this home’s foyer is a welcoming, sun-drenched space with 24-foot-high ceilings. Accessible from the entry, the travertine staircase leads up to the home’s six bedrooms. Three of the rooms face the ocean and open up to balconies, while one of the “suites,” which has a separate entrance, can double as a caretaker’s quarter since it can be separated entirely from the rest of the bedrooms. There are five full baths and two half baths, all of which were renovated when the current owners acquired the property in 2000.

The main level, which has mostly marble flooring throughout, is open and bright with ocean views framed by curved archways. The kitchen has a “great layout,” says Kwock, with Corian counters, whitewashed cabinets, a “large” center island and eight-person eat-in bar. But perhaps the home’s strongest feature, aside from its location, is its covered swimming pool, which is gas heated and has a travertine deck. “When it’s windy on this side, if your pool is up on the beach, you can’t use it much,” says Kwock, “so this way it’s always usable regardless of the weather. And it’s very pretty—it feels like a Roman spa.”

Other relevant details: The home has central air conditioning, a two-car garage, security system and carpeted floors in all of the bedrooms. The home is occasionally rented out as a vacation rental. According to Kwock, the home can rent for $40,000 to $50,000 per month.

Money talk: The home was originally listed at $12.9 million, reduced to $9.8 million and is currently listed at $7,895,000.
Contact: David Catanzaro, REMI Realty, 230-8200, david@remiteam.com.
Annie Kwock, Trinity Hawaii, 247-7521, annie@trinityproperties.com.

 

Posted on Monday, October 25, 2010 in Permalink

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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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