Aloha, Paradise

What: Nine bedrooms, 8.5 bathrooms, in 13,400 square feet on 1.6 acres.

Where: Honolulu

Amenities: Two-story library, wraparound verandas, marble floors in the main and interior foyers, interior courtyard with waterfall, crown moldings, fountain, 10-foot ceilings. Heated swimming pool, fireplace, elevator, two-story library, dry bar, seven wet bars, Jacuzzi, housekeeper's apartment, home-office suite connected to home via loggia.

Asking Price: $19,875,000

Opening Bid*: $17,500,000

Agent: Patricia Choi, Choi International, (808) 734-7711

Due Diligence: This 19th-century plantation-style mansion, finished in 2001, is located at the highest point of Noela Street, at the base of a 750-foot-high extinct volcano. (Neighbors on the street include Barbara Cox Anthony of the media conglomerate Cox Enterprises.) The home has views of Waikiki Beach. Directly behind it is Diamond Head Memorial Park. Andre S. Tatibouet -- founder of Aston Hotels & Resorts, which has properties on four of Hawaii's islands -- and his wife, Jane, built the home with the belief that their two children would settle down on the island. Now that their kids have put down roots on the East Coast, the couple is looking to downsize. Mr. Tatibouet says that after the couple purchased the property in 1989 for $8.2 million, they spent "in excess of $7 million" building the home over 2.5 years.

Additional Photos

Photos above by: Augie Salbosa

*The opening bid is Weekend Journal's estimate of a reasonable starting point for negotiations to buy the property, based on past sales, prevailing market conditions and interviews with local real-estate experts.

Email your comments to rjeditor@dowjones.com.