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
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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