Cher’s home in Hawaii sold at auction for $8.72 million

Update: Singer-actress Cher has auctioned her newly built home on three-quarters of an acre in the Hualalai Resort in Hawaii for $8.72 million.

The unidentified buyer is from Arizona, according to Concierge Auctions, which handled the sale.

Concierge had estimated before the sale that Cher’s 8,821-square-foot luxury compound, which overlooks the ocean and a golf course, would go for between $8 million and $12 million. The Oscar, Grammy and Emmy winner paid $2.9 million for the site in 2009.

The actress, who estimated she has owned 18 homes in her lifetime, designed the house and five bungalows around a garden courtyard and a swimming pool.