When you think of celebrities who live in Laguna Beach who comes to mind? The list might include people like Lauren Conrad, one of the stars from Laguna Beach: The Real Orange County, or other tanned and fit A-listers. The coastal hot spot attracts many wealthy occupants, both for vacation and for buying real estate.
True to the rest of his success, Warren Buffett, currently worth an estimated $76 billion, apparently had an inkling of the success to come to the beach town well before others did. The guru investor and CEO of Berkshire Hathaway bought a beach house with an ocean view in Laguna Beach in 1971. He’s asking $11 million for that property almost five decades later.
Although it might seem that a swanky beach home in a star-studded neighborhood is a break from character for the famously frugal billionaire, the home’s listing indicates exactly why this house was in Buffett’s portfolio in the first place. Want to see what we mean? Take a look at nine photos from the multi-million-dollar property.