In another sign of the poor economy, we learn that Cher auctions her home on January 18th, 2010 in a real estate listing brokered by Concierge Auctions. See photos of the fabulous piece of property and learn the latest Cher news.
She obviously has a nice view. Cher’s house overlooks the warm Pacific Ocean with views of the fantastic Hualalai Golf Course on the big island of Kona.
Cher is also trying to sell her home in Malibu, California for over $40 million, which was recently lowered in price from $45 million. The vast estate has a tennis court and gym included for your workout as you gaze over the deep blue Pacific Ocean.
This pauper’s pad in Hawaii will cost a mere fraction. Cher’s home there has 6 magnificent bedrooms in the Cher style, 6 full baths and 2 additional half baths. It is almost 9,000 square feet on a little less than one acre. Only a critic would not like it.
Cher’s address in Hawaii is 72-122 Lau’eki Street, Kailua Kona. You can blow up the map below to see where she lives relative to the other Islands. although our understanding is that the home was just finished and might not have been occupied.
Whenever we sell our humble homes we get “comps” which shows homes sold in the area. Knowing what similar nearby homes are worth helps establish what your home is worth. But how in the world would you figure out how to value Cher’s home for the auction?
The home is not only large but entirely unique, designed by Cher for her own tastes. The auction house says that the home “balances modern sophistication with traditional Balinese style.” They have managed to value it between $8 million and $12 million dollars. See the details here where they explain the guest bungalows and drawing room with many more pictures of Cher’s home.
So that is the latest Cher news update. Cher auctions home in Hawaii, with 6 bedrooms and baths. Meanwhile we are keeping our home in San Francisco, with 3 bedrooms and 2 baths. More photos and a video are below.
Cher in Hawaii (Video)