Former University of Hawaii football coach Greg McMackin accepted less than he was owed on his contract last year under pressure from school administrators, but he apparently held out for a better price selling his house.

McMackin completed a sale of his 3,268-square-foot home in Hawaii Kai on Friday for $1.8 million, or $69,000 shy of what he paid in March 2008, according to property records.

The former coach put the Mariner’s Cove home, which fronts a marina and includes teak hardwood floors, a pool and cedar-wood sauna, on the market in February asking $1.88 million. It was re-listed in April for the same price.

The house entered escrow Sept. 6 and the sale closed Friday.

The four-bedroom home was one of two McMackin homes in Hawaii Kai, property records show. McMackin still owns a 1,961-square-foot home in Kalama Valley that he bought in 2008 for $779,000. That home isn’t listed for sale.

Median home prices on Oahu peaked in 2007, but have rebounded significantly this year. Through August, the median sale price for previously owned homes on Oahu is down 0.6 percent from the 2008 median price. McMackin sold his Mariner’s Cove home for 3.7 percent less than he paid.

McMackin bought the property shortly after he agreed to a five-year contract paying $1.1 million a year.

UH pushed McMackin to "retire" in December with one year left on his employment agreement after a disappointing 6-7 season, and persuaded the coach to take a $600,000 buyout instead of what he was owed.

During a special Senate committee hearing Monday, former UH athletic director Jim Donovan said he was told by UH Board of Regents Chairman Eric Martinson to tell McMackin that if he didn’t agree to $600,000 he would be put on leave with pay pending an investigation.

Donovan said he didn’t know what investigation was being referred to, though he said there was an ongoing investigation at the time looking into unspecified allegations that he said were not proved.