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Kahala beachfront property that once hosted presidents and heads of state sells for $19.4M

November 20, 2014 By Mark G. Howard Leave a Comment

A Kahala beachfront property that once hosted presidents and heads of state, before falling into disrepair, has been sold to an unidentified buyer for $19.4 million.

Alexander & Baldwin had bought the property at 4653 and 4653B Kahala Avenue from Japanese businessman Genshiro Kawamoto, who demolished the residence and allowed the property to deteriorate. It had once been the home of Hawaii philanthropist Cecily Johnston, co-founder of Pacific Construction Co., who hosted celebrities, presidents and heads of states there.

“This has always been a very prestigious property,” said Perry, who declined to disclose information about the buyer.

She said she did not know the buyer’s plans for the property.

One of the parcels is 26,400 square feet and the other is 36,894 square feet, Perry said.

In September 2013, Alexander & Baldwin paid $98 million for 27 properties that Kawamoto owned. In December of that same year, A&B bought three more properties, including the two that Johnston had owned, for another $30 million.

Perry said the sale represents a milestone in the renaissance of Kahala Avenue.

Coldwell Banker said the sale is the highest-priced land sale on Oahu since 2006.

Bill Cresenzo Reporter – Pacific Business News

Luxury_Oahu_Estates_$2M -_$3M
Luxury_Oahu_Estates_$3M -_$4M
Luxury_Oahu_Estates_$4M -_$5M
Luxury_Oahu_Estates_$5M -_$6M
Luxury_Oahu_Estates_$6M -_$8M
Luxury_Oahu_Estates_$8M – 10M
Luxury_Oahu_Honolulu_Condos

Filed Under: Featured Blog, Kahala, KAHALA AREA, Luxury Condos for sale, Luxury real estate, luxury real estate Oahu Tagged With: Celebrity home Honolulu, Celebrity Homes Honolulu, Luxury Estate Honolulu, Luxury Experiences Honolulu, Luxury Home Honolulu, Luxury Homes Honolulu, Luxury Honolulu, Luxury Living Honolulu, Luxury Mansion Honolulu, luxury real estate Honolulu, Luxury Villa Honolulu, LuxuryHomes Honolulu, LuxuryHomes.com Honolulu, Mansion Honolulu, Million Dollar Estates Honolulu, Million Dollar Home Honolulu, Most expensive Honolulu, Ocean View Honolulu, Penthouse Honolulu

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