President Obama's Hawaiian Getaway Home Sold

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The Hawaii estate where President Obama and his family enjoyed heavily-secured dips in the Pacific Ocean was sold last week for $6.9 million.

Located in the exclusive Oahu neighborhood of Kailua, the 4,900-square-foot, five-bedroom "plantation style" estate was used for the Obama's winter vacations in 2008 and 2009.

The Honolulu Star-Advertiser identified the buyer as developer Glenn Weinberg, vice president of the Cordish Company, and nephew of famed Hawaii "real estate baron" Harry Weinberg.

The house was originally offered for $7.95 million, listing agent Joel Cavasso of Century 21 Kailua Beach Realty told the Star-Advertiser. Similar homes in the neighborhood recently sold for between $6.83 million and $7.5 million, he said.

"The buyers have never met President Obama, although his interest in the property may have piqued theirs," Cavasso told the paper. "They were not straw buyers."

However, Cavasso said the "new owners hope Obama will continue to visit the property."

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