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Wednesday, May 28, 2014

Billionaire Nicholas Woodman Purchases Two Properties on North Shore of Oahu

Nicolas Woodman, the creator and founder of GoPro Inc., has just purchased two properties in the Sunset Beach Area on the North Shore of Oahu.  The two properties are actually adjacent to one another.  The first property was a 31,000 sq ft oceanfront lot and sold for $8.5 million. The second property, which sold for $925,000, was set back from the ocean and included a 66-year old house in poor condition.  Richard Sterman, the principal broker for Sterman Realty, which is located in Haleiwa on the North Shore, believes that these purchases are wonderful news for the community, which has only recently been attracting high-net worth individuals into the aera. Sterman stated, "The North Shore has new upper-end buyers coming in, discovering the North Shore and choosing to make it their home or second home."

Source: Honolulu Star Advertiser, 5-28-2014,
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC