Jurassic Price? Most Expensive Home in Hawaii Is $45M Kauai Estate

Many scenes in the popular “Jurassic Park” franchise were filmed on the lush Hawaiian island of Kauai. Apparently the series’ original creator, Michael Crichton, liked the setting so much he decided to move there and build a parklike home of his own.

Today, the late author’s former Hanalei estate is on the market for a staggering $45 million, making it the most expensive home currently for sale in the Aloha State.

The home lies on heavenly Hanalei Bay on the north side of the Garden Isle, where other movies such as “South Pacific” and “The Descendants” were filmed. This nine-bedroom, 10-bathroom home sits on a 2.5-acre lot, which is just a short walk away from the beach and crystal blue waters of the bay.

An exterior shot of the home.
Lush landscaping

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It has a view of the surrounding hills and a nearby waterfall. The main house roughly measures 5,550 square feet. It has five bedrooms, five lua (for all you mainlanders, that’s islandspeak for bathrooms), a 75-foot-long pool with wood inlays, and rooms with custom-designed furniture. Parts of the home feature native Hawaiian-inspired themes, including the many pillows made from Hawaiian fabric.

A view of the home's kitchen.
Kitchen

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The property also includes a one-bedroom, one-bathroom studio; a two-bedroom, two-bathroom guesthouse; and a two-bedroom, two-bathroom cottage next to the pool and cabana.

A view of the home's pool.
Pool

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And like any opulent Hawaiian home, it devotes hundreds of square feet to lanai space. A lanai, an architecture feature native to Hawaii, is a roofed patio or porch found on the side of many buildings such as hotels, mansions, and restaurants.

A view of the hills surrounding the property.
A view of the hills surrounding the property

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In all, the estate sits on five parcels of land and totals 14,720 square feet of living space. If Steven Spielberg is itching to direct a few more chapters of the dinosaur-fueled franchise, he might just have enough space to do so on this property (and live there while he’s at it).

2-Time World Series Hero Edgar Renteria Lists His Miami Home

Few moments in Miami sports history stand out like the end of the 1997 World Series.

Young shortstop Edgar Renteria, with one arm in the air, rounded the bases after hitting a single that won the Florida Marlins their first World Series title in franchise history in Game 7 against the Cleveland Indians.

Now “The Barranquilla Baby” is hoping to raise his arm in triumph once more—this time in the field of real estate. He’s selling his Miami home for $4.9 million. Renteria had purchased the 4,000-square-foot home in 2014 for $3.6 million.

The home’s location alone will make the purchase a home run. It sits on a third of an acre on Alison Island and offers vistas of the magnificent Miami skyline. The Atlantic Ocean and the city’s world-renowned beaches are just a baseball throw away.

Overhead look
Aerial view

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Dock out back
Dock out back

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According to listing agent Cyril Matz, it’s an incredible opportunity to score a dream home in one of the few Miami Beach communities to exclusively boast waterfront homes.

Renteria’s one-story home has five bedrooms, five baths, a family room, and entertainment space with a custom bar. There’s also a below-ground pool and 75 feet of waterfront.

Few players can boast an MLB résumé like Renteria’s. Along with his legend status in Miami, Renteria also cemented a spot in San Francisco Giants baseball lore after his MVP performance during the 2010 World Series that netted the Giants its first championship in over 56 years.

In 16 seasons, the Colombia native made five All-Star teams and was a two-time Gold Glove shortstop and three-time Silver Slugger.

What Is a Lien? An Unpaid Debt That Could Trip Up Your Home Sale

One of the most common conditions that can slow down a real estate transaction is known as a lien. So what exactly is a lien? In general, it’s a legal notice that’s put on file as a consequence of an unpaid debt. When creditors want you to know they mean business, they may choose to take legal action by placing a lien on your biggest asset, your home.

A lien, or debt, can feel like a huge black spot on your record, but there’s no need to panic. In the real estate world, they’re much more common than most buyers and sellers realize. Read on for your must-know guide to resolving the issue and moving forward with the sale.

What is a lien?

“A lien usually comes from either unpaid taxes, a judgment made in court, or from unpaid bills,” explains Jocelyn Nager, a lawyer who specializes in debt collection.

Liens filed against a property could include things like missed mortgage payments or any payments owed to contractors for work done on the home.

Types of liens

There are a number of liens creditors may place on your home. The most common are mechanic’s liens, judgment liens, and tax liens.

  • Mechanic’s lien: When general contractors, carpenters, plumbers, painters, or other type of repair companies work on your home, they may file a mechanic’s lien on the property as insurance to make sure they’re paid.
  • Judgment lien: If you have lost a court case and there was a judgment against you, the winning party of the lawsuit can file a judgment lien against your home until the payment is collected. This type of lien is also sometimes imposed by an attorney if you do not pay your bill for legal services.
  • Tax lien: If you do not pay your federal, state, or county taxes, the government may file a tax lien on your home.

 

How does a lien affect a real estate transaction?

Once a home is put under contract, the title company will perform a search for any liens that have been filed against the property. Simply put, finding a lien puts the transaction temporarily on hold.

Mortgage companies will not agree to finance a property until the lien is satisfied, or paid off, which is the responsibility of the seller. In most cases, this will encourage the seller to take quick action toward resolving the debts. However, the seller could also refuse to pay or want to contest the lien. If this happens, the sale must be put off until a definitive outcome can be reached.

If a seller refuses to pay the lien, the buyer has two options. Since the refusal can be viewed as a breach of contract, the buyer has the right to walk away from the sale without losing his or her earnest money deposit. Or the buyer can accept financial responsibility for any liens in order to move the transaction along.

In a cash transaction, the buyer and the seller are free to come to a resolution on their own.

What to do if your property has a lien

The first step is for the sellers to determine if the lien genuinely belongs to them. Because these holds are searched for by name, sometimes multiple matches will pop up. Family members who share similar names or those whose names are unusually common might find themselves asked about liens that they did not incur. In this case, it’s best to work with your real estate agent and title company to determine what proof is needed to clear the issue. Usually, all it takes is something as simple as a verification of your birthdate or home address.

If, however, you’re the seller and the lien is on your house, it’s crucial to start resolving the issue as soon as possible. You’ll want to get in touch with the lien holder and arrange how to pay it off. Typically, the repayment will come out of the proceeds of the sale of the house, so you’ll want to take the title company’s advice on how to best handle the situation. For particularly complicated liens, you might also want to seek legal counsel.

If you’re the buyer purchasing a home in foreclosure or a sale at auction, it’s possible that you will have to pay off any lingering debts. That’s why it’s critical for buyers to be aware of what they’re getting into before bidding on one of these properties. While they might seem like a better deal upfront, they can end up costing much more than a traditional sale when all is said and done.

Travis Barker Gets in Rhythm With a Gated Estate in Calabasas

Blink-182 drummer Travis Barker just closed a deal to sell his four-bedroom home in the Cheviot Hills neighborhood of Los Angeles for $4,465,000. Right before that sale closed, the tattooed musician bought a gorgeous home in Calabasas, CA, for $2,825,000, according to the Los Angeles Times.

The Calabasas home initially hit the market in February for $3.2 million. Built in 2006, the 7,196-square-foot, Mediterranean-style home is located in the luxury enclave known as Oaks of Calabasas. It has five bedrooms and six baths, and features one of the largest floor plans in the private community.

Exterior
Front exterior

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Backyard
Backyard with pool, spa, and fire pit

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The mansion features a staircase with wrought-iron railings and large-tile flooring throughout the first floor. The master bedroom has luxurious closets, and the kitchen features dark cabinetry, stone counters, and a huge center island. There’s also a bonus room that could be turned into a media room or library.

The living and formal dining rooms have french doors that open to a veranda. Outside there’s a covered loggia with a fire pit, barbecue, bar, and pool.

Barker, 41, is a rock and hip-hop artist whom Rolling Stone called “punk’s first superstar drummer.” He’s collaborated with artists such as Tom Morello, Corey Taylor, Slash, Busta Rhymes, and the late DJ AM.

The musician has two children—Landon and Alabama—with his ex-wife Shanna Moakler. Their stormy relationship was documented on the MTV reality show “Meet the Barkers.”

6 Home Insurance Myths That’ll Cost You Big-Time

When you’re plunking down a big bundle of cash for a house, you need to protect it from all that could go wrong—and that means you’d better buy home insurance. Pronto. Without it, your biggest investment could fall prey to floods, theft, and all other sorts of natural disasters. That explains why most mortgage lenders require borrowers to purchase home insurance; they want their investment safe and sound, too!

Unfortunately, there are some big misconceptions about home insurance. Here are six common myths, plus a reality check on each so you know what to do.

Myth No. 1: Home insurance is a rip-off

While home insurance costs vary by state—as well as factors like the square footage of the house, building costs in the area, and the location’s likelihood of damage from natural disasters—the average annual premium runs about $952 nationwide. But when broken down, that’s only an extra $79 that you need to add to your monthly housing budget (i.e., mortgage premium, property taxes, and interest).

Also, “considering the financial protection that you’re getting, it’s well worth the cost,” says Jeanne Salvatore, chief communications officer at the Insurance Information Institute.

For example, let’s say the average home insurance claim was $9,779 in 2014, with the average fire damage claim clocking in at a whopping $39,791. Many consumers don’t have anywhere close to that kind of cash lying around. (Indeed, 69% of Americans have less than $1,000 in savings, a recent survey by GOBankingRates.com found.) So if you’re in that group, experiencing a loss without home insurance could force you to rack up massive credit card debt in order to repair your house.

Myth No. 2: All of a home’s belongings are covered

Like car or health insurance, home insurance has limitations.

“A homeowners insurance policy is not designed to cover everything,” says Salvatore. “Each policy clearly states what’s covered and what’s not.”

While most standard home insurance policies cover damage caused by a natural disaster such as a fire, hurricane, or snowstorm, some types of personal belongings aren’t covered under basic insurance.

“If you have valuable art or fine jewelry inside your house, you might need a scheduled personal property policy to cover those items,” says Laurie Pellouchoud, a vice president at Allstate.

Myth No. 3: All injuries within a home are covered

If a visitor gets hurt at your house or on your property, your home insurance policy’s liability coverage will typically kick in to cover any claim that’s filed. But that’s not the case if you or a family member gets injured in your own home. If you slip in the kitchen or fall down the stairs, for instance, “your health insurance is what protects you from injuries, not your homeowners insurance,” Pellouchoud says. Got that?

Myth No. 4: I should base my coverage on the market value of my house

More than half (52%) of home buyers mistakenly think they should buy insurance coverage based on their home’s market value, a recent survey by Insure.com found. But for most home insurance policies, rates are based on the cost to rebuild the home—not the value of the house. In fact, “in most cases you need less coverage than the market value of your house,” says Salvatore.

Myth No. 5: My home business is covered under home insurance

Sadly, 61% of home-based businesses in America lack adequate business insurance, according to the Independent Insurance Agents & Brokers of America. That high percentage might be a reflection of confusion among home-business owners, because many people assume that they’re covered by their home insurance. However, “business liability and business equipment is not covered by homeowners insurance,” says Salvatore. Therefore, if you run a home-based business you’ll want to purchase a separate insurance policy for the company.

The good news is purchasing business insurance is easy. In most cases you can simply attach a business rider to your existing home insurance policy for about $100 a year, which will provide about $2,000 to $3,000 of additional coverage.

Myth No. 6: Flood coverage is included in standard policies

Think flood coverage comes with your standard insurance policy? Typically, it doesn’t. So if you live in an area prone to flooding (i.e., a flood zone), you should definitely make sure to buy a separate policy in case flooding occurs. In fact, homes in flood-prone areas are often required to have separate flood insurance. Flood insurance is available from the federal government’s National Flood Insurance Program as well as some private insurers.

And in case you think you’re safe and don’t need flood insurance because you’re in a dry area, know this: “Floods can happen anywhere,” says Pellouchoud. Hence, she recommends that homeowners who live outside flood zones (particularly if they’re close to one) should still consider purchasing flood insurance. The average policy is about $700 a year; you can look up price quotes for your area on FEMA’s Flood Map Service Center.

6 Outdoor Showers Where You’re Allowed to Lather Up Alfresco

When the beach is within walking distance, an outdoor shower is as essential to a great summer as a wood-burning stove in Alaska is during chilly winters.

This popular alfresco amenity can negate the need to walk indoors with sand on your soles, thus keeping those pesky grains from winding up on your floor. It’s also a refreshing way to cool off and enjoy baring (more than) your soul to the skies. It’s liberating.

The luxe feature is a hit with homeowners all over the country, especially in our 50th state. In Hawaii, an outdoor shower is practically standard issue with every home.

Back on the mainland, Orlando Bloom’s new Beverly Hills mansion, which he recently snapped up for $7 million, came equipped with this purifying perk. Why shouldn’t the rest of us have the pleasure of showering under the stars?

Here are six well-scrubbed options currently on the market.

129 W. Jason St, Encinitas, CA

Cost: $1,375,000
Lather up: In harmony with the beach-inspired interior of this three-bedroom townhome is this cool outdoor shower. Set up in the open side yard, it doesn’t have awkward walls that you could knock into as you reach for the soap. Bonus: The beach is just two blocks away!

129WJasonStEncitasCA
Encinitas, CA

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860 E. Grace Circle, Palm Springs, CA

Cost: $699,000
Lather up: Designed by architect William Krisel, who’s well-known in Palm Springs’ modernism design circles, and fresh off a renovation, this three-bedroom A-frame boasts an outdoor shower with gray-and-black tiling. Other backyard perks include a built-in fire pit, raised spa, and outdoor kitchen.

860EGraceCirPalmSpringsCA
Palm Springs, CA

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54-2324 Kynnersley Rd, Kapaau, HI

Cost: $3,998,000
Lather up: On the north shore of the Big Island, this 5,000-square-foot, three-bedroom home built only four years ago comes with 141 acres of land that are currently being farmed for cacao beans. That’s right: This is a chocolate farm. So you’ll need this minimalist outdoor shower to wash off the dirt accumulated from working in the fields. Carved out of lava rock, the shower is in a perfect spot just off the back of the house.

54-2324KynnersleyRdKapaauHI
Kapaau, HI

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1824 Alamanda Dr, Naples, FL

Cost: $2.78 million
Lather up: This walled-in outdoor shower attached to a newly built six-bedroom home is big enough to double as a party space—it’s larger than most homes’ bathrooms. Best of all, there’s a private beach and saltwater pool for the community where this house resides!

1824AlamandaDrNaplesFL
Naples, FL

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31 Falling Leaf Ln, Barnstable, MA

Cost: $539,900
Lather up: This custom home offers plenty of features, including an outdoor shower, and Osterville’s beachfront is just a few miles away. The 2,190-square-foot home has a raised deck, fenced-in yard, and sliding glass doors off the kitchen.

31FallingLeafLnBarnstableMA
Barnstable, MA

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85 Harlow Rd, Pinehurst, NC

Cost: $460,000
Lather up: This sprawling ranch comes with an outdoor shower that’s perfect for cleaning off after a long hike in the nearby Uwharrie National Forest. Also included are a saltwater pool, outdoor lighting, and fire pit, making the property an entertainer’s paradise.

85HarlowRdPinehurstNC
Pinehurst, NC

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