The spectacular oceanfront home that the Obama family has stayed in while vacationing on the windward side of Oahu, in 2008 and in 2009, has recently been sold for $6.9 million! This is very exciting news especially since one of our very own agents, Joel Cavasso, was the listing agent for the home. This immaculate 5 bedroom, 5 1/2 bathroom home is situated on 27,000 SqFt of Kailua Beach front property and although it was sold for a whopping $6.9M, the original asking price for the home was actually 13% more than the selling price at $7.95M! This beautiful home was purchased by Paradise Point Estates LLC which is located in Maryland. Since the home has been bought, it would seem as though the Obamas would have to find another residence to reside in this winter. However, “Cassavo said that although the house has been sold the new owners are hoping that the President will still come visit.” (Luxist, Woollard) That being said, it looks like the Obamas are set for this winter!!

To read this article click HERE.

Sources:

• Pacific Business News – http://www.bizjournals.com/pacific/stories/2010/08/23/daily19.html
• Luxist: Article By Deidre Woollard –  http://www.luxist.com/2010/08/27/the-obamas-winter-white-house-sold/?icid=main%7Chtmlws-main-n%7Cdl4%7Csec3_lnk1%7C166722

Blog Topic Idea: William G. Boyle

This entry was posted on Wednesday, September 1st, 2010 at 10:10 pm and is filed under C21 Kailua Beach Realty, Joel Cavasso, KBR Agents, Newsworthy, William G. Boyle . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.