Buyers keen on purchasing a Beachfront Home with high-profile connections should make a trip to Laguna Beach. A luxury beachfront property that once belonged to Warren Buffett, who is known as the second richest man in the United States and third in the world is back on the market.
Built in 1955, the home has four bedrooms, four bathrooms and 3,103 square feet of living space. A winding spiral staircase leads to the home’s second and third stories, while floor to ceiling windows and a covered porch help blur the lines between outside and inside living spaces.
The home is located on a private cul-de-sac with no road noise and no through traffic. The home’s walls of glass display views of the glittering ocean. Balconies and patios offer places to enjoy the warm weather and famous sunsets. The private neighborhood of Emerald Bay offers a white sand beach, six championship tennis courts, three beach volleyball courts and a community center including pool and spa.
Investor king, Warrne Buffett proves once again that he always knows when to buy and when to sell. Buffett, the chairman and CEO of Omaha-based Berkshire Hathaway Inc., bought the Laguna house in 1996 for $1,050,000, and the family used it mostly for vacations and Christmas holiday get-togethers. Buffett sold it for $5.45 million in 2005, the year after the death of his first wife, Susan Thompson Buffett.
The current owners first put the house on the market in March 2009, but failed to strike a deal for the list price of $6.495 million. Two years later, they have reduced the list price to $4,995,000 and have begun playing up the Buffet connection in the hope of better success.
Warren Buffett’s Former Home In Laguna Beach is listed by Tim Smith of Coldwell Banker.