Cher's Hawaii Hideaway Goes Under The Hammer For $8.7 Million

The Hawaii retreat CHER has painstakingly revamped has gone under the hammer for $8.7 million (£5.4 million).
The Kailua Kona property on Hawaii's Big Island was auctioned off on Monday (18Jan10) and was expected to fetch up to $12 million (£7.5 million).
However, the six-bedroom property sold at the lower end of the reserve price, as one of a group of five luxury homes, which fetched a grand total of $19.4 million (£12.1 million).
The house is positioned at the Four Seasons Hualalai resort and features panoramic ocean views, as well as four guest bungalows.


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