Fire sale prices hit the North Shore of Oahu!
Real estate is a tough game to play, but few know when to hold and fold better than Kelly Slater whose landholdings span the globe. Three months ago, Slater listed his sprawling Laniakea compound on “the most coveted street on the North Shore” for twenty mill, almost triple what he paid for it seven years earlier.
The reason for the surprise listing is unclear, although maybe the joint, as grand as it is, was more trouble than it was worth.
An examination of its price history on Zillow reveals Kelly Slater listed it for rent in 2018 for 80k a month, dropped it to 72k in 2019, 59k in 2019 before sitting on 45k in 2020.
No word if anyone actually took up the rental, even at the cut-price rate of 10k a week.
If you didn’t know, Laniakea is a little way off the super highway traffic of Pipeline, Rockies and Sunset. It’s back on the western side of Waimea Bay and is a raw righthand point break that will reward the intrepid surfer who ain’t afraid to brave the paddle that is also home to the less-than-friendly Hawaiian tiger shark. If you like lefts, just around the headland is a joint called Jocko’s.
In summer time, great place to watch turtles cruising the shallows. I once busted a kid’s goggles I swiped in my joy at seeing the happy animals when I tried tofu ’em over my fat head.
Anyway, three months on the market and no bites, a reflection, maybe, of its inflated price. It’s interesting to note the previous owner tried to sell it for twenty-two mill almost ten years ago and settled on the almost-eight mill Kelly Slater paid.
Closer to the action around Sunset and Pipe etc, beachfront houses are being sold for fire sale prices after the gov told owners they had to remove their rock retaining walls, and at their own expense.
Check this pretty little house, complete with separate studio, for one-and-a-half-mill.
Cheap, if you don’t mind watching your joint melt into the ocean.
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Haha, charade you are.
It will sell.May be a great buy for a retired person from the mainland or it could be a great setup for a tour based company showing people around Hawaii.
This comment is underrated. And yeah I’ve had an above ground pool so anyone who wants a dig can fuck off.
Looks like Kelly Savalas/Telly Slater in that photo. Who loves ya baby! https://uploads.disquscdn.c…
Telly was an incredible surfer. Totally “underground” and secretive but a complete mysto guru. Had a special waterproof hatch in his boards for cigars.
Probably has an above ground pool.
And financed his waterbed at 25% interest.
Love our 850sf 2/2/2 in carlsbad. Nice gated family community. Will likely kick the proverbial bucket here😉
There’s two people it’s hard to feel sorry for on the North Shore and he qualifies for both. Landlords and people who live too close to the ocean.
Jesus Christ! Seriously??? What a bunch of trolls you guys are. Such a poorly, misinformed written piece of trash you produced here. As crazy as your content is, it seems your ability to write something with valid content may be too challenging for you. Have you ever done any actual research or attempt credible interviews as most real journalists do? Or do you just roll off your mattress, scratch your ass and pull something out of it no matter how frivolous and just go with it ? DAMN ! This article couldn’t be more assuming or lacking . Are you so jealous and dissatisfied with your own menial accomplishments that writing this sloppy banter makes you feel better. I hope people reading this realize how obnoxious your prints truly are. Cmon you guys . Do better.
You must be new ’round these parts. Welcome to BG where nothing is really every taken that seriously.
I think he’s taken offence to this, “I once busted a kid’s goggles I swiped in my joy”. For anyone who was there that day, it was clearly, “I once busted a kid’s goggles I spurted on in my joy.” Do better Dez.
For real? Ok Yeah well I’m born & raised on this land (next to this property), piko to this moku, my ohana is generational sooo definitely not new to the scene. My ohana is deeply embedded in the North Shore. So pump your brakes before throwing out assumptions or digs…because trust you will be the new one at the table. Just sayin. ALOHA ALWAYS 🤙
‘New ’round these parts’ refers to ‘BG’ my friend. Not sure why I had to explain that, but here we are.
Ever heard of taking the piss, u expect us to all say poor kell it aint fair and start wringing our hankies, for fuks sake settle down..😂
WTH! Rest assured I’m not ( and I KNOW Kelly isn’t) interested in any boo-hoo crap. Hes all good. But clearly you’re not if you’re that impacted by my statement. The situation is simple – this article is beyond a stretch, has no credibility or integrity & serves no purpose other than to try to taint his character. He’s not phased by this rag it’s me who gets sent this shit and am mind blown at the trash you all buy into. I am born & raised here, my ohana is generational. My house is a couple doors down, so I’m not talking out of turn here – so if anyone needs to “settle down” it would be you – don’t come for me – you really need to know what you’re talking about before venturing into a conversation about you know nothing about “for fuks sake”. Stay blessed 🤙
A few questions seeing as you’re local. Do you have one of those “kama’aina” cards and if so how did you get it? Why do people in Hawaii have to tell you how long they’ve lived in Hawaii within the first two minutes of any conversation? How many months before I can claim local status? If I do something rude or inappropriate but follow it up with the word aloha am I exonerated from being a “fucking haole”?
Comes with a cigarette?
Probably doesn’t really want to sell the place, but for 20 million, he will.
Wonder if our kell woud b up for a house swap short time and he coud even use my superb 2000 commodore with the in vogue rust look
First world problems I suppose…
I love the surf and vibe of the area but the traffic is nightmare particular at peak hour and to be honest-
great place to holidays but would hate to live there .
surf real-estate has pretty much peak
Stop it 🤣
Call me cynical, but I do get a perverse thrill whenever I see an article that begins with the words “Kelly Slater Fails…”.
What would you expect from a tabloid such as Beach Grit? 😂😂😂
I was at a surf shop in Melbourne beach FL yesterday. The guys working there were saying that a $25 million “beach rejuvenation” project being done by the Army Corps of Engineers to repair their badly eroded beaches wasn’t working so well and a lot of beachfront houses would likely be in the ocean when the next hurricane hit. There seemed to finally be consensus that the sand dunes should never have been touched or built on, something I know they say a lot on Oahu’s north shore too. I guess we’re all learning this lesson the hard way.
That 25 mil just one phase. They like to frame it that way to make it seem less than it really is. The entire project was like $60-$70mil. And this is on top of multiple other projects in the last 15 years. They’ve buried our reefs which destroyed our breaks and destroyed our fishing. Worst fishing I’ve ever seen the past several years. The cherry on top is the giant trucks blocking traffic (one way in, one way out) and destroying our roads. The sand will be gone again by the end of October.
Sand moves when it wants to move.
It don’t always come back if you start putting shit in the way.
Sand bypass would do the trick just fine. Problem is the dredge companies lose their welfare handouts and we can’t have that, not in FL. In fact one of the dredge goons visited a friend of a friend and it wasn’t for afternoon tea.
“three months on the market and no bites, a reflection, maybe, of its inflated price”
The rules of the property market are simple – if it doesn’t sell, it is overpriced, regardless of the location.
Whatever the market will
bear.
Does it come with the burrito or is that extra?
Thats most likely the point , owner is now responsible for removing illigal beach infrastructure.
Extra to pay to remove seems the outstanding Hawaii rule