Though the Kaiser Estate has changed hands since the early 1950s when businessman Henry J. Kaiser used it as his Portlock, O’ahu home, the landmark estate—currently listed for $80 million—continues to awe.

In the 1950s the waterfront estate was purchased by millionaire siblings the Goldman Brothers and quickly became a sanctuary that charmed the likes of movie stars, royalty, statesmen and presidents.

In the late 1980s, Japanese real estate mogul Gensiro Kawamoto obtained the property for $42.5 million. But, in 1994 he gave the property up. And by 2000, the estate was under new ownership.

Today, the 5.5-acre property is owned by multi-media mastermind Fred Chan and his wife, Annie. The estate has evolved over the years and currently boasts a private boat dock; a 12,000-square-foot, three-story boathouse; a harbor; a 15,000-square-foot main house with a diving pool.

Resting gently against the slopes of Koko Head, the entire property can be purchased for $80 million or in three parcels. For $28 million a buyer receives a 1.9-acre parcel; listed at $18 million is a 1.6-acre landscaped parcel with tennis courts; and for $34 million comes a 2-acre boathouse parcel that includes a private harbor.

The Kaiser Estate holds its appeal today not just through its location and features, but its price tag. If the estate is sold in full for the $80 million asking price, it will set a new record for Hawaiian real estate.

The property is being listed by Mary Worrall and Elizabeth Worral Daily of Mary Worrall Associates Sotheby’s International Realty.

—Lauren Varga