The long game has once again paid off for the Oracle of Omaha.
Investor Warren Buffett has sold his longtime home in Laguna Beach for $7.47 million. Despite a sizable $3.1-million price chop during the sale process, that’s a hefty return for the billionaire, who paid $150,000 for the property in 1971.
The multilevel home, built in 1936 and since remodeled, takes in ocean views from its corner lot in the Emerald Bay area.
The home has nearly 3,600 square feet of white-walled living space, a family room with a fireplace, a formal dining room and a skylight-topped kitchen. There are two en suite bedrooms, each with separate entrances.