The sale of a Hawaii estate on Kailua beach this week for $18.8 million points to a hot luxury market in Windward Oahu, where inventory of ultra high-end properties is shrinking.
The sale, which closed on Wednesday, was highest price for a resale on the Oahu Multiple Listing Service in more than two years and the highest price for a home in Windward Oahu nearly 10 years. It also tops the most recent high-end sale on Oahu, a home on Royal Place near Diamond Head that sold last month for $17 million.
