FAMILY & HOME
( Buffett , continued from page 32 ) Success inspired more success , and today , often referred to as the
“ Oracle of Omaha ,” he is the third-richest person in the world .
Worth $ 78.8 billion , and only taking a base salary of $ 100,000 a year , Buffett ’ s frugality is legend . It is well known that despite his mega billions , he has continued to live in the same Omaha , Nebraska house he purchased in 1958 for $ 31,500 . But few probably know that in 1971 , he also purchased a house in Laguna Beach for $ 150,000 - before the area was so highly developed and expensive .
Today , his beach house is in an exclusive gated community that sports multiple tennis courts , swimming pools and beach volleyball courts , among other amenities . He and his wife , Susan , enjoyed entertaining their friends at the house , but found that there were so many visitors , they also bought a house next door and built a stairway to connect the two . After his wife died in 2004 , Buffett rarely used the home and sold the connecting property in 2005 .
After updating the beach house , Buffett recently put it on the market . At 3,588 square feet , the Laguna Beach house is much different than his traditional home in Omaha that is now valued at about $ 600,000 . Buffett ’ s California home is very contemporary with six bedrooms and seven baths , big windows , sculptured ceilings and recessed lighting to spotlight the home ’ s modern art , a long fireplace and multiple built-ins . Two of the bedrooms have private entrances so guests can come and go without disturbing others .
All rooms , including the large family room and decks , have views of the ocean and the rock cliffs spilling onto the beach of Emerald Bay . An excellent property for enjoying family and friends , with plenty to do on one of California ’ s most popular beaches , the house is listed by Bill Dolby of Villa Real Estate and is priced at $ 11 million .
See more interesting homes at toprealestatedeals . com .
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