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The 25 Most Expensive Homes in Hawaii


(page 5 of 13)

Photo: David Croxford

NO. 9

$22 million

3 bedrooms • 4 full and 2 half bathrooms • 5,548-square-foot interior • 65,723-square-foot lot

As pricey as they are, many of the other properties on our list are squeezed right next to other mansions. This stunning property, though, sits all by itself on the point of Hualalai, with a panoramic ocean view. It’s owned by George R. Roberts, the co-founder of a global leveraged buyout firm called Kohlberg Kravis Roberts & Co. (For an idea of how the business works, check out the 1990 book, later made into a movie, detailing his firm’s leveraged buyout of RJR Nabisco, entitled Barbarians at the Gate.) Buyouts have been good for Roberts: Forbes ranked him No. 85 on its 2009 list of the 400 richest Americans, with a net worth of $3.5 billion.

Photo: David Croxford

NO. 10

$21.9 million

7 bedrooms • 8 full and 3 half bathrooms • 14,680-square-foot interior • 68,825-square-foot lot

This diamond of a property belongs to Bandel and Paula Carano. Carano has been a heavy hitter in the venture-capital scene since the 1980s, when he became partner at Oak Investment Partners. These days, he’s also on the board of directors of Kratos, a federal defense and security contractor, as well as a laundry list of other public and private corporations. Carano’s Kukio house may look compact compared with many of the other Kona estates, but it packs a lot into the more-than- 14,000-square-foot interior: the house is valued at $18.2 million, almost five times as much as the land on which it sits.

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