US$45M mansion sale reflects hot Hawaii real estate market

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A San Francisco investment banker recently sold his Maui mansion to a retired hedge fund CEO and a Hollywood actress for US$45 million.

The cash sale of the oceanfront house in Kihei reflects a hot Hawaii real estate market fueled by a pandemic that has made the islands a desirable place to isolate and work remotely. According to property records, it has eight bedrooms, eight full bathrooms and two half bathrooms and features a pool and jacuzzi.

"They were not set on a particular island," she said. "They wanted to understand the culture and what made each island different." Swatek's television show roles include "Awkward," "Yellowstone" and "American Housewife." Her husband is co-founder of the hedge fund Scout Capital and founder of Stillwater Investment Management.

"The owner wanted to keep it exclusive and didn't want to put it on the open market like a typical listing is," McKinney said. "We notified all of the brokers who may have a buyer of this caliber."

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A 45$ mill in a time like this. People will only buy a 45mill house to resell in a couple of years and make more.

That nobody can afford. 🙄

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Posthaste: Toronto housing market may be cooling but it is still too hot for millennialsCity has the lowest rate of home ownership by millennials in the country Give me a break. Why the hell do ppl suppose BlackRock is buying up properties? Only the disgustingly rich can afford them. As long as Trudeau keeps printing money guess what happens. Ask your financial guys
Source: nationalpost - 🏆 10. / 80 Read more »