A luxury real estate auction company reports that Cher's Hawaii home overlooking the Pacific Ocean has been sold to an Arizona buyer for $8.7 million.
Concierge Auctions said Thursday that the home was one of five Big Island residences auctioned Monday for a total of $19.4 million.
The firm had estimated Cher's property was worth between $8 million and $12 million.
Located in the Hualalai Resort, the 8,800-square-foot Balinese style residence features a gated center courtyard leading to the main residence. It includes a master wing, great room, kitchen, dining room, outdoor living area, and infinity pool with spa overlooking the resort's golf course.
A Web site set up for the sale says the residence designed by Cher has six bedrooms.