Sylvester Stallone’s former Hawaii estate sold to GoPro’s first hire for $5.4M
A Hawaii estate once owned by actor Sylvester Stallone, who is currently starring in the latest “Rocky” series film “Creed,” has been sold to camera maker GoPro Inc.’s first employee, according to public records.
Stallone purchased the four-bedroom, four-bathroom home on the island of Kauai’s North Shore back in 1984 for $1.75 million, and sold it in 1999.
The 3,212-square-foot ” Banana Beach House,” which is located on a 13,801-square-foot parcel in Hanalei, was purchased by Banana House LLC for $5.45 million in a deal that closed in late October. The estate has a total assessed value of about $3.5 million, according to tax records.
Banana House was formed by Neil Dana, a college roommate of GoPro founderNick Woodman, who became the first hire for the publicly-traded company that is based in California.
Banana House’s tax bill address lists an address in Half Moon Bay, California, the initial headquarters of GoPro.
Dana made headlines earlier this year after Woodman stuck to his promise to give him a portion of shares of the company, which is valued at nearly $230 million, according to Bloomberg.
Dana is currently the music director for GoPro.
Woodman himself recently purchased property in Hawaii on the North Shore of the island of Oahu.
Duane Shimogawa
Reporter
Pacific Business News
