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Kailua Bay, Kailua Kona, Hi...

Estate Of Paul Allen Sells Hawaii's Big Island SFR For $43M
SOLDSingle Family Residence

Estate Of Paul Allen Sells Hawaii's Big Island SFR For $43M

Kailua Bay, Kailua Kona, Hi, Usa

$43,000,000

$3,583/SF

Building Size

12,000 SF

Asset Type

Single Family Residence

Closing

Aug 3, 2020

AI

The Estate of Paul Allen, co-founder of Microsoft, has sold a single-family residential property located in Kailua Bay, Hawaii's Big Island. The property, spanning 12,000 square feet, was sold for a hefty price of $43,000,000, resulting in a price per square foot of $3,583. The transaction took place on 8th March 2021.

Summary of transaction details

  • Property Type: Single Family Residential (SFR)
  • Transaction Amount: $43,000,000
  • Market: Hawaii’s Big Island, Kailua Bay
  • Seller: Estate of Paul Allen - Microsoft
  • Brokers: Carrie Nicholson & Neal Norman - Hawai’i Life

The sale of this remarkable property on the Big Island was facilitated by brokers Carrie Nicholson and Neal Norman from Hawai’i Life. The transaction stands as a significant achievement in Hawaii's real estate market, and the involvement of well-known figures, such as the Estate of Paul Allen, adds prestige and interest to the deal.

Players

Kailua Kona Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93