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

The cash sale of the oceanfront house in Kihei reflects a hot Hawaiʻi 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, two half bathrooms and features a pool and jacuzzi.

The median price of a Maui home topped $1.1 million in June. The price of the home — purchased by Adam Weiss and Barret Swatek on July 30 — is the second-highest sale in Hawaiʻi, said their agent, Anne Hogan Perry of real estate company Compass.

The most expensive single-family residence was for $46.1 million on Kauaʻi in 2018. Perry noted that the home is on 15.3 acres, while the Maui property is less than an acre.

The pandemic wasn’t…

Read more…

Share.

Comments are closed.