High-priced real estate with Northwest connections has changed hands for top dollar according to reports out of Hawaii and Orcas Island, Wash.
Properties belonging to the late billionaire Microsoft co-founder Paul Allen and the current media mogul billionaire Oprah Winfrey have new owners, with the sales fetching $57 million between the two of them.
Here are the details:
- $43M for Allen’s Hawaii estate: Pacific Business News reported Wednesday that Allen’s sprawling, 22-acre property in Kailua-Kona, on the western side of the Big Island of Hawaii, sold for a whopping $43 million this week. The amount is reportedly the second-highest price ever recorded for a residential home in the state of Hawaii, PBN said, and the highest ever for a home on Hawaii Island. The report, citing Hawaii County Tax records, says that the Allen estate’s largest parcel is 10.3 acres. That includes a main house of 9,080 square feet of living space, five bedrooms and 5.5 baths and a pool. There is also a second 2,968-square-foot home with six bedrooms and 5.5 baths and a third building of 480 square feet. Allen originally paid $11 million for the property in 1997. The new buyer was not named. Allen died in 2018 and left behind a vast array of holdings, including real estate, professional sports teams, a private art collection, museums and more. A 2012 video on YouTube shows his megayacht Octopus offshore from the Kona property.
- $14M for Oprah’s Orcas retreat: A 43-acre property owned by TV talk mogul Oprah Winfrey on Orcas Island in Washington state’s San Juan Islands sold for $14 million, according to the Puget Sound Business Journal. Winfrey paid $8.3 million for the property, called Madroneagle, in 2018 without visiting it, the Journal said. Located on Catspaw Lane, PSBJ said the “gated island sanctuary” includes a 10,251-square-foot main mansion, remodeled by Winfrey. There are several other houses, a half-mile of waterfront and beach, a greenhouse, a huge shop and a mother-in-law apartment. The property was not formally listed and the buyer was named as Lophodytes LLC.