Dream Home Finders Network has located this gem of a property. It featured 6 bedrooms with 7 bathrooms and has 7,995 sq ft. Opening bid price is $8 Million.
- Type:Single Family
- Year built:1964
- Heating:Electric, Gas
- Parking:6 spaces
- Lot:1.1 acres
A piece of tropical paradise in Honolulu is headed for the auction block with an opening bid of $8 million. The owner, Japanese beauty mogul Akemi Shimomura, purchased the property in 2010 for $7 million.
Shimomura has had the residence on and off the market since 2016, at prices that ranged as high as $20 million.
In 2018, the home was in the news when Bloomberg reported that Shimomura had chopped the price to $15 million. After another price cut to $13.8 million last year, with no takers, she’s pursuing the auction angle.
However, should a buyer propose a bid that the seller accepts before the live auction date of Feb. 20, the auction will be called off, according to the listing agent, Dianne Willoughby with Harcourts Island Real Estate.
Willoughby adds that an auction may be the best way to sell this languishing gem and unlock its true value.
Sourced from: zillow & Orlando sentinel.
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