Julia Roberts slashes the price of her historic Hawaiian beachfront estate to $21.95million after first listing it for $30million

With 200 feet of beach frontage on the world-famous Hanalei Bay, it has been the setting of many a family vacation for Julia Roberts and her brood.

But the Oscar-winning mother-of-three and her husband, Danny Moder are trying to offload their Hawaii home and have again lowered its price.The historic sugar plantation-era house off Kauai's north shore in Hanalei is now listed for $21.95million. 

The couple, who primarily reside in Malibu, California, and on a ranch in New Mexico, originally put the seven-bedroom lodge up for sale almost a year ago for $30million.

The Fayé Estate - named after its original owner Hans Peter Faye, a sugar plantation manager who bought it in 1915 - is in lofty company on exclusive Hanalei Bay. 

Nearby, real estate is owned by such notables as Chuck Norris, Mark Zuckerberg and Oakley founder James Jannard, the Pacific Business News reports.

The property sits well back from its 200 feet of pristine beach, which was not always the case according to a history of the estate.

In 1957, a tidal wave struck the home and shoved it back to the center of the land. The top of the home miraculously remained intact and the cottage was built from the wreckage while crews were rebuilding the bottom floor.

Today, the home and cottage are being rented out by Roberts, so if you can't afford to own, you can live like a movie star during your vacation to the Aloha State.

The rent for the house starts at $1,500 per night. There is also a cottage on the premises, which goes for a more reasonable $350 per night. 

The lot has enough space - and the approval plans - for an additional house or pool to be built.

Roberts, who will next appear as the lead in ensemble cast rom-com Mother's Day, alongside Jennifer Aniston and Kate Hudson, has said in the past it is the ranch she has in New Mexico where she feels 'the most herself'.

'It's peaceful, and it's a relief. I always say you can't be in a bad mood here,' she once said in an at-home interview with Oprah.

'I don't know if it's New Mexico or just the mountains, but you can't be silly in a negative way. 

'You can be silly in a fun, whimsical way, but the petty, trite things that make you go, "Oh, God, it's not the right size" or "Why is this happening like this?" - that kind of stuff doesn't exist so much here. Everything is kind of clear.'

Source: Daily Mail