Posted on 03/18/2015 7:45:43 PM PDT by nickcarraway
One of Hawaii’s best-known homes was sold this week.
The stunning three-acre oceanfront parcel along Waimanalo Beach was made famous in the “Magnum P.I.” television series, but who might spend time there next may give it even more notoriety.
The sale at 41-505 Kalanianaole Highway is shrouded in a bit of mystery, but it could involve a very famous future visitor when he’s not at the White House.
The property traded hands in a sale that recorded Monday.
The talk of the neighborhood so far is that the purchase is affiliated with President Barack Obama, so we looked into it.
“People on the beach here think it’s Obama, and some people like me are thrilled at the prospect,” said Lee Siegel, who owns a neighboring home. “It’s wonderful. My dog there can’t wait to play with Bo.”
“I think the people who are kind of negatively concerned are worried that security is going to somehow impede or interfere with their life here in Waimanalo. It’s going to put Waimanalo on the map, that’s for sure,” Siegel added.
Listing agent Mary Worrall sold the home for $8.7 million on behalf of the same ohana that had owned it since the 1930s when it was built.
She said everyone in the transaction had to sign confidentiality agreements, so nothing further could be disclosed about who is buying it and what plans are for the house.
Always Investigating reviewed the deed and mortgage and found the buyer is an LLC called Waimanalo Paradise, set up just last month, whose mailing address and contact is Obama donor and Chicago lawyer Seth Madorsky.
The deed and the mortgage are signed by a person with the same name, Judy Grimanis, as an executive assistant at a Chicago-based private capital firm run by Obama’s longtime friend and frequent Hawaii golf and travel partner Marty Nesbitt. It is also the same name of a person who worked for prominent Obama fundraiser Penny Pritzker’s companies.
The mortgage is held by yet another LLC set up last month, this one called Hoaloha Holdings.
The mortgage is nearly a million dollars more than the sale price, a $9.5 million note, so it would appear some major renovations could be in store for the aging property.
No comment yet from the seller or those associated with the Waimanalo Paradise or Hoaloha Holdings LLCs, nor from the White House about the First Family’s connections, if any.
To quote Jonathan Higgins:
Oh. My. God!
How depressing if the setting of one my favorite television series is polluted by one of America’s worst enemies and his large-arsed angry wife.
How about a new TV show about an ex-president who goes around solving crimes, and any other problems in the world he didn’t fix while president?
I guess Robin let the place run down.
they will first of all need to deepen and widen the Pool is any....
if theres an agreement of secrecy...its Obama
Let the good times roll. Nobody parties like a marxist with somebody else's money.
Leave it to Obama to take out a loan for $1,000,000 more than the asking price. That is how he’s been running the country!
It’s probably infested with drywood termites, so a few more pests won’t matter.
At least we as tax payers will not be paying. He can get his money from his speeches and unreadable books.
That just doesn’t look majestic enough for them.
Perhaps you don't understand the concept of crony capitalism.
Great picture of Magnum.
I’ve been watching those Magnum PI re-runs on Uverse. So good.
I hope Zeus and Apollo drop by for a visit.
You wouldn’t be able to see his face in their version.
It could be an ultra short mini-series wherein the main character is taken hostage by the "bad guys" in the first episode and no one will pay to get him back.
More then likely purchased by the Dunham-Obama family trust. BO is a one percentdr !
It appears that the house in Chicago is also owned by the trust. Possibly used as an investment
Yeah, no Greek columns. Barry would probably have the place bulldozed and rebuilt into something horribly tacky.
“Maggot P.I.”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.