Going once: Hualalai Resort estate to be sold at auction
Janis L. Magin Managing Editor of Digital Content- Pacific Business News | Feb 22, 2013, 4:49pm HST
Three years ago, Wayne Lau was a bidder in the auction of a luxury home on Hawaii’s Big Island owned by the entertainer Cher.
Now he’s selling his own Hawaii property — a 10.056-square-foot custom home in the Hualalai Resort on the Big Island — in a March 18 auction co
nducted by Concierge Auctions, the same firm that sold Cher’s house at Hualalai Resort for $8.7 million.
Lau’s 1.33-acre property, “Hale Ku Mana” or “House of Spiritual Healing,” will be sold in cooperation with Hawaii Life Real Estate Brokers, which is currently starring on its own show on cable’s HGTV.
The house was originally offered for $18.5 million. Forbes magazine included it in a feature last May about “homes with incredible showers and bathtubs.”
“It’s completely private, the landscaping is immaculate and each of the five bedrooms is a master suite, four of which have ocean views, which is rare,” Hawaii Life Realtor Beverly Molfino said in a statement, noting that the house is surrounded on three sides by the members-only Keolu Golf Course. “It truly is a one-of-a-kind home that requires an equally unique buyer on auction day.”
Lau has been following the auction firm’s activities since bidding on Cher’s house.
“Living in the Far East and Geneva, I am also familiar with how the finest pieces of art are sold through global auctions,” he said in a statement. “It seems natural to sell the finest of homes in the same way.”
The property also comes with rights to all the amenities of the nearby Four Seasons Resort Hualalai.
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