KONA, HAWAII--(BUSINESS WIRE)--Hualalai Resort, an award-winning residential resort community on the North Kona Coast of the Big Island, today reported the record-breaking sale of a single-family residence for $26.25 million.
The sale was the largest in 2009 in the state of Hawaii for a single home and the largest residential real estate transaction in Hualalai’s 13-year history. Total real estate sales transactions for 2009 at Hualalai Resort exceeded $150 million.
The five-bedroom home sits on a one-of-a-kind oceanfront location and offers unsurpassed views of Hualalai Mountain, the Island of Maui, the 16th and 17th greens of the Hualalai Golf Course and the South-Kona coastline.
Natural lava rock walls surround the 49,136 square-foot perimeter, which includes 48 palm trees, botanical gardens, four lava rock outdoor shower gardens, two ocean-side hot tubs and one cold plunge pool.
The approximately 8,630 square-foot home includes five and one-half bathrooms; great room with pocket glass, screen and operable louvered doors and open-air dining room and living room pavilion.
“We are thrilled to announce the largest single sale in Hualalai’s history and delighted with the continued interest we’ve seen recently,” said Patrick Fitzgerald, CEO of Hualalai Resort. Fitzgerald did not disclose the name of the buyer or seller.
“With five transactions exceeding $10 million, including this record-breaking sale, Hualalai Realty did an outstanding job in 2009 despite a very difficult economic environment," Fitzgerald said.
"We believe that these sales reflect buyers’ confidence in the significant investments we have made at Hualalai, which include an extensive $40 million resort-wide enhancement. Our buyers recognize that the Hualalai lifestyle is rare and extremely special.”
Contacts:
Murphy O’Brien, Inc., Stacy Lewis or Lucy Zepp, 310-453-2539, slewis@murphyobrien.com
lzepp@murphyobrien.com
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