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Monday, September 13, 2010

Kailua Beachfront Estate Reduced by $1.8 Million

Kailua Beachfront Estate Reduced by $1.8 Million

Paradise found. This Kailua beachfront estate with a perfect-for-entertaining pool terrace is priced to move.

Perhaps the third time is the charm for this Kailua beachfront estate, which recently had its third price drop. The nearly 8,000-plus-sq.-ft. Kailua residence designed by architect Peter Vincent was originally listed at $21 million, reduced to $14.8 million and has now settled in at a little less than $13 million. Built in 2008, the home is owned by Andrew Sasson, the founder and owner of The Light Group, a Las Vegas-based hospitality development and management company that operates food and beverage properties at the Bellagio Resort & Casino and the Mirage Hotel & Casino, among others.

The property, which is bordered by 82 linear feet of beach frontage, has envy-inducing views of Kailua Bay, a location perk that is fully taken advantage of by bays of windows (natural light is not an issue with this home), cozy lanais and indoor-outdoor living spaces. The residence consists of two separate structures: The main home fronting the beach, which has four bedrooms, including the large master suite, and four-and-a-half baths; and a guesthouse consisting of three “guest suites,” a media room, staff quarters and a garage. A hotel-like pool terrace with a gas barbecue, heated pool and travertine deck separates the two dwellings and looks like it was made for entertaining (a seemingly appropriate touch given the owner). Additional highlights include a steam room, wood and travertine flooring throughout, and a sleek, contemporary kitchen with stainless-steel appliances and butler’s pantry.

Money talk: The property was recently reduced to $12,995,000.

Contact: Mary Worrall Associates Sotheby’s International Realty: Mary Worrall, 228-8825, and Elizabeth Worrall Daily, 478-0080. www.oahureale.com.

 

Posted on Monday, September 13, 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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