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Old 03-19-2015, 01:20 PM
 
Location: Portland OR / Honolulu HI
959 posts, read 1,215,052 times
Reputation: 1869

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Could it be ?

Rumors swirl around sale of Waimanalo estate | More Local News - KITV Home
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Old 03-19-2015, 01:35 PM
 
1,585 posts, read 2,108,086 times
Reputation: 1885
Quote:
Originally Posted by WaikikiBoy View Post
Yup. Only the president can get a $9.5M loan on an $8.7M house.
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Old 03-19-2015, 02:26 PM
 
Location: Kahala
12,120 posts, read 17,901,605 times
Reputation: 6176
I took a tour of the house/grounds - and as the article states, it needs a lot of upkeep/renovations/repairs, way more than $800,000 above the selling price of the house. The real value is in the land and I wouldn't be very surprised if the main house was torn down and rebuilt - or perhaps, everything torn down and rebuilt.

What the article doesn't state and I'm kind of surprised, the original listing price was nearly $16 million just 1 year ago, so getting it for $8.7 million on prime oceanfront land might not be a bad deal.
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Old 03-19-2015, 04:39 PM
 
Location: Portland
1,620 posts, read 2,299,800 times
Reputation: 1986
This site has some photos of the poor condition of the place.

https://deanoinamerica.wordpress.com...i-robins-nest/
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Old 03-19-2015, 11:35 PM
 
Location: Aiea, Hawaii
2,417 posts, read 3,253,094 times
Reputation: 1635
Another report.
Sale of ‘Magnum P.I.’ home may be tied to President Obama
Longtime Obama friend acknowledges Waimanalo estate purchase | KHON2
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Old 03-20-2015, 12:02 AM
 
Location: Kahala
12,120 posts, read 17,901,605 times
Reputation: 6176
Quote:
Originally Posted by ScottStielow View Post
Another report.
Sale of ‘Magnum P.I.’ home may be tied to President Obama
Longtime Obama friend acknowledges Waimanalo estate purchase | KHON2
Or this:

Attorney: Obama's friend has no partner in 'Magnum P.I.' house - Hawaii News - Honolulu Star-Advertiser
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Old 03-20-2015, 12:37 PM
 
Location: Virginia
1,014 posts, read 2,099,039 times
Reputation: 1052
Mystery behind Waimanalo home purchase SOLVED | More Local News - KITV Home

Kevin Bacon'ed to Obama, but not Obama.
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