Commercial Real Estate, Hospitality

Big Island home sells for $26.2 million

Last year wasn’t such a good year for Hawai’i real estate. But for Hualalai Resort, 2009 was great.

The Big Island resort yesterday reported that one of its homeowners sold their property for $26.25 million — the most ever paid for a home in Hualalai Resort’s 13-year history.

Resort officials also said the Dec. 14 sale was the largest for a single home last year in Hawai’i. Resort officials would not release a photo of the home.

The highest price paid for a Hawai’i home in 2009 was an oceanfront compound on Kaua’i with a 15,000-square-foot house and two 4,000-square-foot guest bungalows. The 174-acre Kaua’i property, called Tara Plantation, was developed about a decade ago by entertainment executive Peter Guber, and sold for $28 million in November.

Other homes in Hawai’i have sold for more than $30 million in prior years.

For all of last year, the median price of homes sold on the Big Island was $279,000, down from $345,000 the year before, according to Hawai’i Information Service.

The Hualalai Resort home is 8,630 square feet with five bedrooms, 5 1/4 bathrooms, an open-air dining room and living room pavilion on a 1-acre oceanfront parcel with botanical gardens, four lava rock outdoor shower gardens, two oceanside hot tubs and one cold plunge pool.

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