Concierge Auctions estimated the three-quarter-acre property with views of the Hualalai Golf Course was worth about $8 million to $12 million.
A Web site set up for the sale says the property has a main residence and five freestanding bungalows totaling 8,821 square feet. Four have bedroom suites, and the fifth is a media bungalow with a bar.
It says the residence was designed by Cher and "balances modern sophistication with traditional Balinese style."
In all, it has six bedrooms, six bathrooms and two half baths.