Beachfront Hawaii estate rented by Obama family during Christmas vacations sold for $6.9M

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Obama’s Hawaii vacation rental sold for $6.9M

HONOLULU — The beachfront Hawaii home rented by President Barack Obama and his family during their last two Christmas vacations has been sold for $6.9 million.

The five bedroom, single-story, 4,900-square-foot Kailua estate was sold to Paradise Point Estates LLC, a company managed Glenn Weinberg of Owings Mills, Md.

Century 21 Kailua Beach Realty listing agent Joel Cavasso says the new owners hope Obama will continue to visit the property.

Cavasso says the buyers have never met Obama, but his interest in the property may have piqued theirs. Weinberg and his wife have contributed at least $73,000 to mostly Democratic politicians over the last decade.

The property was listed for $7.95 million, but it sold for about $1 million less.

Information from: Honolulu Star-Advertiser, www.staradvertiser.com