Price of Slater joint on the North Shore's best street gets a wild haircut!
After six months languishing on the market for twenty-mill, Kelly Slater has slashed the list price of his sprawling Balinese-style beachfront compound on gorgeous Papailoa Road, the North Shore’s most coveted street, by almost twenty percent.
The eleven-time world champion who recently came out of retirement to compete in an exhibition event in France bought the six-bedroom, 7.5-bathroom house for a little under eight mill in 2017 and, earlier this year, perhaps to buy his new unnamed baby pretty things, put it on the market for twenty mill.
Despite the sprawling beachfront compounds myriad delights, the joint has failed to generate any serious interest hence the wild 17.5% discount.
That buyer paid $143 for every square foot; at sixteen-and-a-half-mill it’s over two gees a square foot.
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 Jockos.
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.
noone cares…
I feel qualified to comment knowledgeably on this topic. Currently living my best life house-minding for my sister on the verges of Noosa National Park. The street I am living on is less than 50% occupied by actual residents. (The bloke next door considers the house his primary residence, but has businesses around Australia. He flies a private plane between the 3 in Queensland and flies commercial to the interstate ones. He’s doing OK. We only see them once every couple of months…)
A house around the corner just sold for $13 million. Bought by some Yank who, no doubt, will renovate, get bored and try to flip it a couple of years down the track. (It’s too much effort to walk back up the hill after going to the beach).
The question is: what the fuck is the difference between a $13 mill house and a $10 mill house?
What more do you get for $3 mill than a slightly better view that you will ignore after a week and bragging/wanking
You used the word “joint” three times. What’s going on?
OMG ok here we go again 🙄
I was born and raised on Papa’iloa, when it was mellow modest and all about our ohana … long before the influx on all the mainland investment and builds. My mom still has and lives in our family home there and no it’s not some crazy built up mansion. But regardless of the homes there…there’s still A LOT of history .. and Kellynisbpartnofnthatchsitoey . He has been a a part of our ohana since before he was “Kelly Slater the GOAT”. I’m. It sure why you guys have such a hard on for him and his life but honestly you should seek help. None of your stories are credible and are never fact checked. The Papa’iloa property was very thoughtfully priced and yes reduced . Not that anyone of you deserve an explanation, I personally wonder how the hell it is that you THINK you know what’s going on ??? We had great activity and interest I. The property at the original list but at the end of the day if it sells great if not oh well. It’s not about the price but more about the who when it comes to selling. Kelly takes his kuleana to this community, this space and Jojo’s neighbors seriously. Kelly didn’t purchase this house because it’s a fabulous house, the property, the land, the location has meaning to him. It’s where we grew up. It’s where the other extension of our ohana lived and we all grew up as kids. He had the opportunity to purchase it and he was blessed to be able to … why the continuous mocking or criticism or even slamming of him. He’s been very fortunate in his career, makes great business choices to ensure his surfing career would sustain him and his family beyond surfing.. why is that warranting of criticism and bashing ??? WHY?! You bait these stories so people come at him and it’s really fkd up. I’ve said it before I’ll say it again you guys are a special kind of rubbish – for real you gotto grow up. If you have kids one day, you might be shocked at how unimpressed your keiki might be when they older. My name is Racquel Hill-Achiu, I am native Hawaiian and Haole, born and raised in Papa’iloa and I take the kuleana of my ohana and standing up for them very seriously. Do better guys Do better. Hit me up, no shame, if you want to have a REAL conversation. stop with the baiting & bashing. It’s gross
Respectfully, Kelly does a better job at Kelly bashing than any website. Also, isn’t this just DR doing his usual Real Estate wrap. This is an ongoing piece and when the shithole eventually sells or falls into the pacific creating for Laniakea a unique Balinese-style compound Shorey, then we will have some finality. Til then, Goat on.
It’s just a story about a house for sale. But respect for putting your name out there.
Its people like you who think Jews from Philadelphia are Hawaiian.
And remind her when taking her dog for a walk, to clean up the keiki it leaves behind.
Ke11y Slasher
I’d sink a mooring out the front and sell it as marina.
gift that keeps giving – fingers crossed that Sasha buys it
Kelly so last decade!
Shark attacks are were its at-
https://www.news.com.au/?utm_source=News.com&utm_medium=Google&utm_campaign=DSA&utm_content=na&utm_source=SEM&utm_medium=PPC_SEM&utm_campaign=%7Bcampaign%7D&gad_source=1&gclid=CjwKCAjwufq2BhAmEiwAnZqw8iR2IbtRAbhOh-7bpJKqjGSZWOo6ft8_732HgxY6TLor-bdw_A6qIRoCPVUQAvD_BwE
It’s all debris in the shore dump pretty soon.
19 comments…says it all really
Considering the two-house compound right to the east of the Volcom House at Pipeline (as prime a location as you can get) has been for sale for 10 mil less and still hasn’t found any takers, it doesn’t seem like Kelly’s will at that price.
https://www.redfin.com/HI/Haleiwa/59-353-59-355-Ke-Nui-Rd-96712/home/191462907
Froffen yewwwww 🤙🤙🤙🤙🤙🤙
Slates, I’ll give you Tree Fitty for it all..
7.5 shitters? What’s that cunt been eating
Burrito’s!
Xox
Shit stinkers . they’re tasty
As long as I’m in a prickly pedantic mood I’ll once again correct Bibi O’Rielly in that Slater’s ostentatious beachfront monstrosity is actually directly in front of Himalaya’s and not Laniakea. Also Preston is correct in that the county is trying to crack down on the proliferating out-of-control offshore fake resident vacay rental profiteers but that’s only part of the reason why the bubble’s burst on the previously insane prices and obscene flipping of beachfront properties everywhere in Hawaii. Slater’s property will no doubt sell soon to some other narcissistic rich fuck but just the maintenance costs and property taxes on that home are enough to make anyone tap out after the thrill is gone and the honeymoon is over especially if it can’t be used it as anymore as an illegal hotel. Let’s put it in perspective with another nearby beachfront NS home that just recently sold. About 18 homes north of Slater’s cuddly and humble love nest is a choice beachfront property at 61-695 Kamehameha Hwy that just closed in July for $4.4 million w/ same land sq footage but with ample room for development or just left with the beautiful green lawn that is there now. As for the other clusterfuck of homes presently crowding and camping on the sand throughout the miracle mile from Ke Iki to Kammies, I am eagerly awaiting another huge ’69 type of monster swell to wipe that shoreline clean of the pilau infestation of monied and greedy beach squatters.
golf clap respect
Although well intended, the theory that a house like Kelly’s, or the thousands of million dollar homes throughout the islands, will ever convert to long term affordable housing is laughable. The people that these policies hurt are the mom and pops trying to eck out a living. Not to mention the loss in jobs, taxes, etc. Yep, it would seem the hotel lobby is way deep in Blangiardi’s pocket.
No need to slash the price Kelly. Include a couple signed original artworks, one a signed original of that x-ray of your fucked up looking foot, and the other Kelly Slater Diorama Titled “Burritos Against The Sea”.
Looks one winter with swell away from becoming shore break rather than beach front.
I just wish he’d grow his hair out one more time…best Florida man look ever.
100%
Derek, please refrain from calling the shitter “a bathroom” in future, it’s not to character and very disquieting.
Well, dropping prices on luxury vacation properties is quite possibly a sign of the times now that the county began aggressively enforcing short term rental laws. 30 days or more, blah, blah.
Given the high taxes paid from these rentals is so significant the short-sightedness of these policies is head scratching.