Hot Property: Cher sells her Hawaiian home at auction
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Singer-actress-entertainer Cher has auctioned her newly built home on three-quarters of an acre in the Hualalai Resort in Hawaii for $8.72 million.
The unidentified buyer is from Arizona, according to Concierge Auctions, which handled the sale. The auction event included her home, two other houses and two home sites in Kona. The sales totaled more than $19.4 million.
Of 110 interested buyers for the properties, 25 registered to participate. The bidders were from around the world and included seven who bid over the phone.
The auction house estimated before the sale that Cher’s 8,821-square-foot luxury compound would go for between $8 million and $12 million. The Oscar, Grammy and Emmy winner paid $2.9 million for the site in 2009.
The actress, who estimated she has owned 18 homes in her lifetime, designed the house and five bungalows around a garden courtyard and a swimming pool.
--Lauren Beale
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