Real Estate

Obama not buying 'Magnum PI' house: White House

The AP with CNBC
This undated photo shows a home in Waimanalo, Hawaii, once used for the filming of the 1980s television show "Magnum, P.I."
Eric Mansperger | LIST Sotheby's International Realty | AP Photo

A sprawling beachfront home used in the filming of the 1980s television show "Magnum, P.I." has sold for $8.7 million to a close friend of President Barack Obama. But despite some suggestions in the media, the White House said the president and his family are not the future owners of the famous abode.

An attorney for Marty Nesbitt said Thursday that his client bought the property. Seth Madorsky said Nesbitt didn't have any partners or co-investors in the deal.

When asked on Friday if the Obamas were the future owners of the home, White House Press Secretary Josh Earnest said "they are not, okay."

The 3-acre property is in Waimanalo, next to the town of Kailua where the Obama family has spent the winter holidays in recent years.

Tom Selleck's character lived in the house on "Magnum P.I." It was known as "Robin's Nest" on the show.

Nesbitt is a Chicago businessman who served as treasurer for Obama's first presidential run. He is currently the chairman of the Barack Obama Foundation, which will build the president's future library.

—CNBC's Everett Rosenfeld contributed to this report.