Cher's Hawaii home sold at auction for $8.7M

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Associated Press

Posted on January 21, 2010 at 1:31 PM

Updated Thursday, Jan 21 at 4:02 PM

KAILUA-KONA, Hawaii (AP) — A luxury real estate auction company reports that Cher's Hawaii home overlooking the Pacific Ocean has been sold to an Arizona buyer for $8.7 million.

Concierge Auctions said Thursday that the home was one of five Big Island residences auctioned Monday for a total of $19.4 million.

The firm had estimated Cher's three-quarter-acre property was worth between $8 million and $12 million.

Located in the Hualalai Resort, the 8,800-square-foot Balinese style residence features a gated center courtyard leading to the main residence. It includes a master wing, great room, kitchen, dining room, outdoor living area, and infinity pool with spa overlooking the resort's golf course.

A Web site set up for the sale says the residence designed by Cher has six bedrooms.

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