Julia Roberts Sells Hawaii Home to ‘Bachelor’ Creator Mike Fleiss for $16.2M

Published: November 19, 2016 | By: American Luxury Staff

Julia Roberts recently sold her Kauai beachfront getaway; the Hanalei Bay property fetched $16.2 million, considerably less than the current $19.5 million asking, and a far cry from the $29.85 million initial listing price set in 2015. Roberts and husband Danny Moder cited lack of use as the reason for the sale. They purchased the estate in 2011 for $13.4 million.

Nestled in the midst of 2 acres that fall away to 215 feet of beachfront, the 3,790 square foot home and two guest houses were constructed in 1915 for a sugar magnate, and have seen little renovation; they retain the quaint historical charm of tropical escapism. The six-bed three-bath main house is strategically located in the lot, set back from both road and beach, affording quiet, privacy, and a view of lushly verdant landscape and distant Pacific. The pair of bungalows is tucked away at a respectful distance from the residence.

The island of Kauai, known as the Garden Isle, is the spectacularly beautiful, quiet hideaway in the Hawaiian archipelago. It is easy to see why Roberts chose the island for a retreat; its roughly 550 square miles are home to only 66,000 people, and the pace is certainly old-school Hawai’i, favoring tradewinds over nightlife. Mike Fleiss, who created ‘The Bachelor,’ is, one would imagine, very happy to be the new owner.

Julia Roberts made her first film appearance in 1988’s ‘Mystic Pizza,’ a minor coming-of-age ensemble drama that drew some attention; starring across from Richard Gere in 1990’s romantic ‘Pretty Woman’ sealed her career.  She is best known for her Oscar-winning turn in 2000’s ‘Erin Brockovich,’ but has starred in over a dozen hit movies, including 1997’s ‘My Best Friend’s Wedding,’ and 2016’s ‘Money Monster.’ A hugely successful actress, her films have earned $2.7 billion in box-office revenue.

11420 November 19, 2016 Real Estate November 19, 2016