October 13, 2015

Shattered dreams of Hawaiian real estate speculation

The Magnum PI place was up for sale recently.
Robin's Nest is the fictional beach front estate on the island of Oahu, Hawaii, which serves as the residence of the main characters. In the series, it is portrayed as being owned by renowned novelist Robin Masters, who is seldom present at the estate and entrusts Jonathan Higgins as the estate's caretaker and Thomas Magnum as its security expert. Higgins resides in the estate's main house while Magnum occupies the guest house. 
In reality, located in Waimānalo, the 3 acres (1.2 ha) beach front property is located on the east shore of Oahu at 41-505 Kalanianaole Highway (Route 72) near Waimanalo Beach (21°19′30″N 157°40′48″W). Called "Pahonu" ("turtle enclosure" in Hawaiian), it is also known locally as "The Anderson Estate". The property was originally used for hundreds of years for raising green turtles for the Hawaiian royal family, and includes a 500 by 50 foot stone wall that encircles the former turtle-raising pond, which since 1978 has been on the National Register of Historic Places listings in Hawaii.Developed as a residential estate in the early 1930s, the estate comprises a 11,000 square feet (1,000 m2) main house, a boathouse (which in the series appears as the guest house that Magnum occupies), a gatehouse, a private tennis court, a beach front and the registered tidal pool. 
Owned for a long time by Cox Communications heiress Barbara Cox Anthony, after her death it passed to her stepdaughter, Hawaiian politician Eve Glover Anderson...

Not that I'm interested, but what is it supposed to be worth?
Placed on the market with Sotheby's International Realty for $15.750M in January 2014...

Hey, that place probably needs a lot of work, let's get more realistic....
it was sold for $8.7M in March 2015...


...to Seth Madorsky, a Chicago lawyer who has close-ties to President Barack Obama, and then transferred to an LLC registered in Colorado.

Crap, Obama's got it.  Never mind.



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