Big Island home site sold for record $29M
A six-building property is sold to a partnership tied to Cirque du Soleil
A six-building residential compound on the Big Island was sold late last month for a record $29 million to a limited partnership tied to Canadian-based Cirque du Soleil.
The Kohala Coast property, a 10-bedroom property on 2.5 acres, is located at the gated Mauna Kea Resort. It had been listed at $35 million by Richard B. Rocker, an independent real estate agent on the Big Island.
Hawaii Information Service, which tracks real estate data, said the transaction was the highest-ever home sale for the state.
The buyer is Palekaiko Limited Partnership, whose mailing address is the Montreal headquarters of Cirque du Soleil, the renowned acrobatic circus.
John W. Hoffee II, the retired founder of a medical-supply company, paid $6 million in 1997 for the land, according to public records, and spent four years creating the home, which has more than 17,000 square feet of living space.
It includes a main lodge with public rooms but no sleeping quarters, a separate master suite, three guest houses with three bedrooms each, and a separate exercise building with a steam room.
Other amenities include an 80,000-gallon man-made saltwater stream stocked with fish, a putting green, a wine cellar with a 2,000-bottle capacity, and a four-car garage.