For years, no one wanted to buy Warren Buffett’s Southern California vacation home, but it finally sold for $7.5 million



warren buffett laguna 2x1Alex Wong/Getty; Villa Real Estate

Warren Buffett’s Laguna Beach, California, home has sold for $7.5 million.
He listed the shore home in 2017 for $11 million. In August, he reduced the price by over $3 million to 7.9 million.
Buffett purchased the home for just $150,000 in 1971, which can be significantly less than $1 million in today’s dollars.

Warren Buffett’s Laguna Beach, California, residence has sold for about $7.5 million, according to agents of Villa Real Estate.  Buffett first listed the property in 2017 for sale.

Back in August, Buffett cut the $11 million asking price by over $3 million, also reported the Orange County Register.

The Berkshire Hathaway CEO has owned the home as 1971, when he purchased it. That’s roughly $934,000 in today’s dollars. He is since renovated the area, which includes more than 3,500 square feet of living area and six bedrooms.

The billionaire investor had mostly employed it as a shore retreat for his loved ones, but they supposedly had not used it much because his first wife, Susan, died in 2004.

Let’s have a peek of Buffett’s beach-town home.

Buffett’s longtime vacation home is located in the southern neighborhood of Laguna Beach, in Orange County, California.
Todd Tankersley Photography,
It’s part of a gated community named Emerald Bay and is just a brief walk from the shore.
Todd Tankersley Photography,
The beaches here are stunning, with large cliffs.
Todd Tankersley Photography,
See the rest of the narrative at Business Insider

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