Stephen Cipres and Paul Chu of Elite Pacific Properties Sell Stunning Beachfront Oahu Estate for $18.8 Million

Posted by Liana Mayer — August 20, 2018

Elite Pacific Properties logoKAILUA, HI - Elite Pacific Properties is pleased to announce the sale of 72 S Kalaheo Ave, Kailua, HI 96734 by Stephen Cipres and Paul Chu for $18,800,000.

Watch the sun rise over the ocean from your bed, sip coffee poolside or stroll down for a walk on the beach. Every moment in this recently completed chic beach estate is a moment to be savored. Ideally located on world renowned Kailua Beach, the estate was designed by award winning architect, Peter Vincent. Elite Pacific Properties is pleased to announce the sale of 72 S Kalaheo Ave, Kailua, HI 96734 by Stephen Cipres and Paul Chu for $18,800,000The Indo-modern design was masterfully paired with the highest quality materials to create paradise. A fusion of residence and resort, the estate spares no luxuries. The main residence is four bedrooms and four-and-a-half-bathrooms with an entertainment-ready kitchen. The guest residence is sure to please visitors with an additional 3 bedrooms and 3.5 luxurious bathrooms. The grounds are completed with an outdoor entertainment pavilion including a poolside bar, kitchen and spa bathroom. In addition to the incredible views, high quality materials and amazing outdoor entertainment, the property has a four-car garage. This beachside estate is the height of beauty, sophistication, and luxury in Hawaii.

About Elite Pacific Properties

Locally owned and operated, Elite Pacific Properties was founded in 2005 by Stephen Cipres and Paul Mayer. The company has over 200 professional agents in eleven offices on Oahu, Maui, Kauai, and the Big Island, along with a 50-person support staff. As a full-service real estate firm focused on luxury residential property sales, multi-unit projects/developer sales, vacation rentals, relocation and property management, Elite is a member of Who’s Who In Luxury Real Estate, an exclusive organization of the top luxury brokers in the world. Elite Pacific Properties closed 2017 with almost $1.2 billion in sales, solidifying its status as the No. 1 volume luxury brokerage in the Hawaiian Islands. The firm has also appeared on Inc. Magazine’s “Inc. 5000” list for the past five years, as well as Pacific Business News’ “Fastest 50” company list for the past four years. For more information, visit

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