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Lanikai home sells for $5.5 million
A lovely home at 822 Mokulua Drive in Lanikai just closed on Friday, November 20th.  Built in 2003 and on the water, it's a very desireable property.
The house is gorgeous.  It's on the water, with a rock wall and stairway leading down to the ocean.  Hardwood floors and walls, a nice yard with swimming pool and a garage are some of the features.
Five bedrooms, three and a half baths, 3,900+ square feet interior and an 11,000 square foot yard.  MLS 2911713.  If you'd like to see the MLS info for this sold house send me an e-mail.
When it was first listed in May 2008 the price was $7,895,000.  In July 2008 the price was reduced to $7,395,000, then $6,995,000 in February 2009, $6,395,000 in March 2009 and $5,995,000 in August 2009.  The home sold last week for $5,500,000, which was $445,000 below the current list price.
A customer of mine was very interested in the home.  They had been waiting for their home to sell in order to make a cash purchase.  Unfortunately for us their home sale has not closed yet.  Another buyer was very fortunate and will enjoy this property!
Aloha, Mike Bates
Realtor Associate
Coldwell Banker ... more

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