Posted by: hawaiirealestate | October 17, 2007

29 Million Big Island Luxury Home sale

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A Big Sale on the Big Island

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A six-building compound on Hawaii’s Big Island was sold late last month for $29 million, according to realty-research concern Hawaii Information Service. That may be the highest-ever home sale for the state.

The property, a 10-bedroom compound on 2.5 acres, is inside the gated Mauna Kea Resort, on the Kohala coast. It had been listed at $35 million.

John Hoffee, the retired founder of a medical-supply company, paid $6 million in 1997 for the land, public records show, and spent four years creating the home, which comprises 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.

The buyer of the property couldn’t be determined, and Mr. Hoffee couldn’t be reached. Richard B. Rocker, an independent real-estate agent, had the listing.

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