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Paradise Point Estates LLC, a company owned by Owings Mills, Md., resident Glen Weinberg and his wife, recently bought the 4,900-square foot beachfront property, the Honolulu Star-Advertiser reported.
Despite the presidential endorsement, the five-bedroom home sold for about $6.9 million -- less than the asking price of $7.95 million.
It remains to be seen if the Obamas will be house guests of the Weinbergs during upcoming vacations. They likely wouldn’t mind the company: Weinberg and his wife have given at least $73,000 to politicians over the past decade, and most of those were Democrats.