Hawaii
WSJ News Exclusive | Postmates Co-Founder Wants $11.25 Million for Hawaii Home
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Postmates co-founder
Bastian Lehmann
is asking $11.25 million for his absolutely furnished Hawaii house, automobile included.
The four-bedroom, roughly 5,000-square foot property is positioned on the Hualalai Resort within the expensive Kailua-Kona neighborhood on the west coast of the island of Hawaii, in keeping with itemizing agent Rob Kildow of Hualalai Realty. The property has Pacific Ocean views, he stated.
Bastian Lehmann in 2019.
Picture:
Steve Jennings/Getty Photos
Mr. Lehmann purchased the house furnished for about $7.3 million in February 2021 as a pandemic getaway, he stated. He stated he spent between $500,000 and $750,000 on renovations and extra furnishings.
Designed in 2005 by San Francisco-based Zak Structure, the primary home has vaulted ceilings in its nice room and kitchen, stated Mr. Kildow. Its workplace, which doubles as a media room, has massive home windows, stated Mr. Lehmann.
“The research has a built-in nook desk with an attractive wooden nook window, so you may sit going through the backyard or the [ocean] view,” he stated.
Two visitor cottages and the primary home encompass a central courtyard. The roughly 1-acre lot has an outside pool with ocean views, and every bed room has a personal out of doors bathe fabricated from volcano stone, stated Mr. Lehmann. The property additionally affords coated patios, a sundown pavilion and an outside barbecue station, he stated.
The home, which is being offered furnished, comes with two golf carts and a 1973
Volkswagen
Factor, which Mr. Lehmann purchased throughout his residence, he stated. The property additionally has a three-car storage, stated Mr. Kildow.
The principle home has vaulted ceilings in its nice room and kitchen.
Henry Houghton
A eating space by the pool.
Henry Houghton
The research has a nook window with a built-in desk.
Henry Houghton
The kitchen.
Henry Houghton
There are 4 bedrooms.
Henry Houghton
“I don’t actually need to promote it,” Mr. Lehmann stated. However, he lately launched a Los Angeles-based client finance-industry firm, TipTop, which makes it tougher for him to journey, he stated. He and his spouse, whom he declined to determine, even have two younger kids and two puppies, he stated. They purchased a Malibu house for $19 million in October 2021 and made it their major residence, he stated.
“We in all probability don’t have the identical flexibility we had even a yr in the past to go [to Hawaii] spontaneously,” he stated.
Initially from Germany, Mr. Lehmann co-founded Postmates, a tech firm recognized for supply providers, in San Francisco round 2011. The corporate was offered to Uber for $2.65 billion in 2020, he stated.
Two visitor cottages and the primary home encompass a central courtyard.
Picture:
Henry Houghton
The Hualalai Resort, which opened round 1996, has about 350 indifferent houses and rental models, stated Mr. Kildow, who stated most householders stay there part-time. Member facilities, which price about $55,000 a yr, embrace entry to 2 golf programs, spa services and tennis and canoe golf equipment, Mr. Kildow stated.
It’s uncommon for the resort to formally record a property on the MLS, stated Mr. Kildow, who stated most properties have offered by phrase of mouth for the reason that begin of the pandemic as a result of excessive demand. Lately, gross sales have slowed, however costs stay robust, he stated.
“A number of the urgency is gone, however [there is] nonetheless extra demand than provide,” Mr. Kildow stated, including that he lately listed a rental unit close by for $4.3 million and obtained three affords in 5 days earlier than it went into contract for above asking value.
Write to Sarah Paynter at Sarah.paynter@wsj.com
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