By Laura Vecsey
Hawaiian Estate’s Rumored Purchase by the Obamas, Bristol Palin Selling in Alaska
Interesting news out of the 50th state of the union is sure to make some presidential waves -- if it turns out that speculation about ties to Barack Obama are true.
Television news station KOHN in Oahu reports that 3-acre oceanfront estate on Waimanaolo Beach made famous by the hit show “Magnum P.I.” has been purchased by an LLC whose mailing address is that of Obama fundraiser and Chicago lawyer Seth Madorsky. The property was sold on March 16 in a bit of mystery, but digging around has created a paper trail to Obama connections.
The Hawaiian home sold for $8.7 million which was above the asking price, but the mortgage note is about 1 million dollars more, which means the transaction could include cash for renovation to the historic property. The 1933 estate at 41-505 Kalanianaole Highway is called “Pahonu” and has belonged to a former local politician named Eve Glover Anderson for decades. It was the setting for Robin’s Nest, the oceanfront Hawaiian paradise featured in “Magnum P.I.”
According to KOHN, the deed and the mortgage are signed by Judy Grimanis, an executive assistant at a Chicago-based private capital firm run by Obama’s longtime friend and frequent Hawaii golf and travel partner Marty Nesbitt.
With only two years left in the White House, the Obama’s will need a place to land once his second term ends in January 2017. Whether it’s back on the island where Obama went to high school and lived with his maternal grandparents … the real estate gossip mill is churning. At least the President will be closer to his beloved shaved ice, should this deal be for real.
… Meanwhile, in the 49th state, the daughter of former vice presidential candidate Sarah Palin is engaged to be married and may be skipping out of Wasilla. Bristol Palin has listed her $549,000 lakefront home for sale.
Palin bought the half-acre property in 2011 and completely renovated the 3-bedroom, 3.5-bathroom home that features views of Lake Lucille and, true to Alaska outdoor form, fly-in access for seaplanes. Palin is engaged to a Medal of Honor recipient Dakota Meyer, a Kentucky native.
By Laura Vecsey
Keeping Up With All the Kardashian/Jenner Moves
The Kardashian Klan nest is getting emptier and emptier. Not only has Bruce Jenner moved out and onto a new chapter in life, daughter Kylie Jenner is showing it’s her turn, too.
So what if she’s only 17?
The little sister of Khloe, Kim, Kourtney and Kendall is under contract to buy a $2.7 million home in Calabasas, CA. Unlike Kendall, who moved into her own $1.4 million condo in Westwood, Kylie will be just a stone’s throw away from Kourtney and Khloe. Meanwhile, mom Kris Jenner and sister Kim live in nearby Hidden Hills.
Kylie’s new 5-bedroom, 6-bathroom digs are in The Oaks development and the house is a spectacular 4,800 square feet, not including a 3-car garage.
Getting By With a Little Drop in the List Price
British blues crooner Joe Cocker lost his battle to cancer in December, several months after he listed his beloved Colorado ranch for $7.85 million. The 243-acre spread called Mad Dog Ranch is in the tiny town of Crawford and sports a very comfortable 7-bedroom home that Cocker had adorned with the work of local craftsman. Word is now that the price has been lowered to $7 million, and that includes the home’s greenhouse and gardens where Cocker grew his own veggies and tomatoes.
‘Mom’ Selling Her ‘West Wing’
Allison Janney has listed her 1,925-square-foot house in Studio City for sale for $1.495 million. The sweet 3-bedroom, 3-bathroom ranch sits on a half-acre lot with plenty of trees, decks and patio space to take full advantage of the solar-heated pool, mountain views and surrounding scenery. The interior is updated with a chef’s kitchen and a master suite with a vaulted wood-beam ceiling. Records show Janney bought the place for $799,000 in 2001.
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.62 percent, up 6 basis points from this time last week.
The 30-year fixed mortgage rate rose early in the week, then hovered around 3.65 percent before returning to the current rate on Tuesday.
“Rates increased last week on strong economic data from both the U.S. and Europe,” said Erin Lantz, vice president of mortgages at Zillow. “This week we expect some volatility as markets hold their breath for Friday’s monthly jobs report.”
Additionally, the 15-year fixed mortgage rate this morning was 2.87 percent, and for 5/1 ARMs, the rate was 2.75 percent.
By Laura Vecsey
L.A.’s Most Expensive Teardown?
Rap mogul Dr. Dre turned some heads when he snatched up the $40 million Brentwood mega mansion built by Super Bowl MVP Tom Brady and his model wife Gisele Bundchen. But the story of Dre’s move just got more bouncy than a '64 Lincoln on amped-up hydraulic lifts.
Turns out that Dre has now sold his digs to Skyview Capital private equity firm founder Alex Soltani for $32 million, just so Soltani can raze the 10,000-square-foot house and rebuild on the site. The Los Angeles Times reports that Soltani aims to erect a $100 million “trophy home” on the lot that has views of the Sunset Strip and Los Angeles.
Rosie Sticking Close to Home
With news of her separation from wife Michelle Rounds, plus her decision to leave “The View,’’ Rosie O’Donnell is working hard to simplify her life. The comedian/actor/activist/talk-show host has listed the Florida getaway she bought in 2013 in Casey Key near Sarasota.
O’Donnell is asking $5.75 million for the Gulf-front home, which has 4 bedrooms, 5.5 baths and 100 feet of beachfront with a private dock and a nice outdoor pool. It’s situated on 0.78 acres of an 8-mile-long barrier island called Casey Key, south of Sarasota.
A heart attack survivor, O’Donnell said that she has made a decision to dial back the stress in her life. She has five kids, including four teenagers, and felt that working on “The View” was not good for her family or health. That means more time at her New Jersey home, where her kids attend school.
Orlando Bloom Shaking It Off
Less than six months after buying a loft in Tribeca’s old Sugarloaf Warehouse where Taylor Swift bought a $19 million penthouse, Orlando Bloom has decided he’s seen enough. Bloom has listed his 3-bedroom, 2.5-bath loft for $5.495 million. While it’s just speculation, could the reason he’s leaving behind this light-filled loft be the constant gaggle of Swift-seeking Paparazzi gathered near the entry?
By Laura Vecsey
Score Another One for Matthew Perry
Former Friends star-turned-real-estate-flipper Matthew Perry has done it again, but at a discount. Perry recently sold his beach house for $10.65 million – a little off the original list price of $13.5 million. Perry bought the 4-bedroom. 6-bathroom, modern wonder known as “Pier House” in 2005 for $6.55 million. With views of the Malibu pier and an open concept that sees the kitchen and living area open onto an ocean-view deck and lap pool, the 5,500-square-foot California beauty is a pretty sweet way to take in the Malibu scene. Perry has bought and sold his share of cool L.A. homes, from the Sunset Strip to the Hollywood Hills.
Hollywood 90210 Star Lists in Another ZIP Code
Shannen Doherty maybe have gone “Off the Map” in her new Great American Country network show, but back in California she’s listed her Malibu home for $2.495 million. With ocean views and a lagoon-style swimming pool, the low-key rambler contains 4 bedrooms, 3 bathrooms and a chillaxing kitchen-living room set up that maximizes a fireplace and views of the Pacific Ocean.
Can Tobey Scale a Sale?
Tobey Maguire is looking to cast off his lovely plantation-style home in Brentwood for $10.25 million – about $2 million more than he paid talk show host Ricki Lake for the 6-bedroom, 5-bath spread. Designed by California architect John Byers in the 1940s, the 6,320-square-foot home includes an upstairs guest suite that overlooks the nearly one-acre property and has a private entrance.