Sep 18, 2013, 6:59am HST
Duane Shimogawa | Reporter- Pacific Business News
A luxury home on Kahala Avenue in East Honolulu that has been featured on the CBS television crime drama “Hawaii Five-0” was recently sold to a New Jersey couple for $4.8 million, according to public records.
The couple recently closed on the purchase of the property, which sits on one of the most prestigious stretches of real estate in Hawaii.
The 7,000-square-foot four-bedroom, eight-bathroom home, which was built in 2009 and sits on about a third of an acre, is located at 4292 Kahala Ave.
The total assessed value of the property is $3.9 million, according to city tax records.
Kahala Avenue was in the news recently after Japanese billionaire Genshiro Kawamoto sold his 27 Kahala properties or 90 percent of current inventory in that area, to A&B Properties Inc., a subsidiary of Alexander & Baldwin Inc. (NYSE: ALEX) for $98 million. A&B said it plans to sell the properties, which could fetch the Honolulu-based real estate company at least $200 million.