Rippling side of Waiea facing the Pacific Ocean

For the second year in a row, the minute I leave town, Candy decides to throw parties in Dallas’ most expensive and storied digs.  Last month it was Deion Sanders’ Collin County mega-mansion and Walnut Place’s walk down the auction catwalk and into Mehrdad Moayedi’s hands for $36 mil.  Well I’ve had enough. This year, I fought back!  First was Sammy Hagar’s Maui retreat, then Fleetwood Mac alum John McVie’s Diamond Head estate, and now …

Welcome to Waiea where two penthouses kiss the Pacific Ocean for a combined $71 million.  It was here that we met Erik Hinshaw of Hawai’i Life Realtors to view these two staggering properties (the same Hawai’ian Life featured on HGTV).  We?  Yes, coincidentally, Dallas high-rise Queen Sharon Quist with Dave Perry-Miller Real Estate was in town poking around with a client and joined me on the tour.

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In 2015 I wrote a pair of articles about Howard Hughes Corporation’s purchase and development plans for 60 acres in the Kaka’ako section of Honolulu (here, here). The development is sandwiched between downtown Honolulu and world-famous Waikiki and is slated for 16 high-rise condo towers with 4,300 units plus over 1 million square feet of restaurants and retail being rolled out in the next 10-20 years.

Work is continuing to chug along, but there is a global softness in the ultra-luxury real estate market. What to do, what to do?  In order to get the last few units sold in their first three projects, Howard Hughes is offering some sweet incentives.  Of course if you’re purchasing one of these seven-figure beauties, these incentives are baubles you could easily secure yourself.  But still … a sale is a sale.

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