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.