Name: Couple with Manhattan pied-à-terre turn to remote Hawaii real estate
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Couple with Manhattan pied-à-terre turn to remote Hawaii real estate

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Broker Michael Bolla just moved two longtime clients — a couple in their 50s who work in the entertainment industry — out of their $8 million home in Midtown and into a $20,000-a-month two-bedroom in Maui.Bolla, of Sotheby’s International Realty, found the Hawaiian home and arranged for special flights to the island for his clients in mid-March.Originally from Australia, the couple — with homes around the world including the Midtown Manhattan pied-à-terre as well as spreads in Sydney and Rome — who are testing the real-estate waters in Maui with a long-term rental before buying a place. They chose Hawaii to be closer to Sydney.“The reason [my clients] rented is to be in nature, to live in solitude and quiet on a large piece of land on a remote island,” Bolla said. “They could have gone to any number of homes they have which are not affected by the coronavirus.”The real estate agent is now in Maui himself, getting his broker’s license there.“I am working with brokers on the sale of farmland and large estates,” he said on Thursday. “I’m not in the vacation rental industry.”Other clients, though, have expressed desires to make longer-term changes to their real estate holdings as a result of the pandemic. As a broker during the world’s COVID-19 outbreak, Bolla said, “you are doing everything you can to help people figure out their lives.”“Many of my clients are now in their 60s and 70s. They understand that they are not going back to life as usual any time soon,” he added. “The number of deaths in New York [has been] heartbreaking. The realization of how much our lives have changed and the fear of who else we will lose is scary.”

Broker Michael Bolla just moved two longtime clients — a couple in their 50s who work in the entertainment industry — out of their $8 million home in Midtown and into a $20,000-a-month two-bedroom in Maui.Bolla, of Sotheby’s International Realty, found the Hawaiian home and arranged for special flights to the island for his clients in mid-March.Originally from Australia, the couple — with homes around the world including the Midtown Manhattan pied-à-terre as well as spreads in Sydney and Rome — who are testing the real-estate waters in Maui with a long-term rental before buying a place....

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Jennifer Gould

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Couple with Manhattan pied-à-terre turn to remote Hawaii real estate

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