Sep 30, 2013, 10:24am HST
Duane Shimogawa | Reporter- Pacific Business News
A Honolulu mansion once owned by the late television producer Al Masini has been sold for about $10 million to a Japanese business owner, the most expensive home sale ever recorded for Hawaii Loa Ridge in East Honolulu.
Known as “Hiilani,” which means “in the arms of heaven” in Hawaiian, the property, built in 1996 and located at 1133 Ikena Circle, was listed in 2012 for an asking price of $12.5 million.
It consists of three adjoining parcels of land and encompasses 16,000 square feet of indoor/outdoor living space on a 30,000-square-foot lot that has sweeping views of Kahala and Diamond Head.
Masini, a recipient of an unprecedented 33 Emmy Awards, was responsible for such shows as “Entertainment Tonight,” “Lifestyles of the Rich and Famous” and “Star Search.”
The sale of 1133 Ikena Circle marks the seventh property in two years to sell for more than $10 million on Oahu.