Wednesday, November 11, 1998

Big Island mansion
fetches $13 million

Star-Bulletin staff


MAUNA LANI RESORT, Hawaii -- A 10,000-square-foot mansion on the Big Island's South Kohala coast has sold for $13 million, according to real estate agent Kristin Hoskot of Coldwell Banker Aloha Properties.

Hoskot called it the largest residential property sale in Hawaii in recent memory. The house, known as Halekailani or House of the Heavenly Sea, was designed by architect Warren Sunnland for Michael Preletz and his wife, Hoskot said. The name of the buyer was not disclosed.

Located at a Mauna Lani Resort development known as "The Cape," the house has two swimming pools, "massive water features," and a complete gymnasium with a Japanese furo on more than an acre of land which includes 320 feet of ocean frontage, Hoskot said in a press release.

"The market on the Big Island has turned around with inventory disappearing rapidly, including the high end," she added. Hoskot and Joe Triggs were the listing agents.

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