The Oracle of Omaha bought this contemporary Laguna Beach home for just $150,000 in 1971. He’s listing it now for $11 million.
By Amy Dobson Special Contributor
Warren Buffett, also known as the Oracle of Omaha, was certainly clairvoyant as far back as the 1970s.
Long before he became the largest shareholder of Berkshire Hathaway and one of the wealthiest people in the United States, he bought this six-bed,seven-bath home at 27 Emerald Bay in Laguna Beach, Calif., for $150,000 at his wife’s suggestion. The year was 1971 and the enclave off of Emerald Beach was barely developed. But now the neighborhood has grown to have as many houses that can fit, and they are certainly selling at a much higher price point. Buffett has listed this home for $11 million.
But it is their new neighbors that are going to keep things interesting. This leafy and luxurious D.C. neighborhood of Kalorama also has Ivanka Trump and Jared Kushner as the new renters of a home owned by a Chilean billionaire. The Obamas have also purchased a stately home from former spokesman Joe Lockhart, and don’t forget one of the biggest D.C. home sales of all time that went to Amazon founder Jeff Bezos in the same neighborhood.