Cher Sells Hawaiian Home for $8.7 Mil
Actually, Concierge Auctions found a buyer from Arizona to pay $8.7 million at an auction on Jan. 18 for Cher's 6 bedroom Balinese-style spread in Kona Hawaii. Located at the Four Seasons' Hualalai, the palatial property contains detached bungalows and a vast infinity pool overlooking the resort's Hualalai Golf Course and Pacific Ocean. There are also panoramic sea views from many rooms.
While the pop icon never lived there, in 2004, she purchased the .76 acre plot for $2.9 million. She designed the property herself and construction was complete in 2009. The deal also includes the home's custom artwork and furnishings.
Cher, who made headlines for reportedly earning $180 million on her recent comeback show at Caesars Palace, has a real estate portfolio that includes properties in London, Aspen and West Hollywood.
Hopefully, she will have the same luck with her 13,126 square foot Italian Renaissance style Malibu manse on 1.7 acres. The 7-bedroom estate featured in Architectural Digest in 2002, was originally listed for $45 in August 2008. It's now a steal for $41 million.