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.
