Buyers keen on purchasing a beachfront home with high-profile connections should make a trip to Laguna Beach soon. A luxury beachfront property that was formerly owned by billionaire investor Warren Buffet is up for sale. The price might deter most buyers, but the target clientele will recognize that the $4.995 million list price makes this luxury real estate a bit of a steal.
Buffet, who is the second-richest man in the United States and the third-richest in the world, sold this beautiful Laguna Beach home back in 2005. Back then, he got $5.45 million for the luxury property. Since then, however, the famous Buffet luck seems to have run out for this beautiful home. The current owners first put the house on the market in March 2009, but failed to strike a deal for the list price of $6.495 million. Two years later, they have reduced the list price to just under $5 million and have begun playing up the Buffet connection in the hope of better success.
The listing declares, “Own a treasured piece of history as this home was previously owned by Warren Buffet and family; this estate is nothing short of spectacular and is fit for a king!” There can be no arguing with that. The Laguna Beach home has four bedrooms and four bathrooms. Glass walls, as well as balconies and patios, offer magnificent views of the Pacific Ocean.
This fine piece of luxury real estate is located within the private Emerald Bay neighborhood. So the owners will have access to Emerald Bay’s white sand beach, pool, spa, championship tennis courts and beach volleyball courts. It appears to be a win-win situation.