Warren Buffett's Emerald Bay Dream Home From $150,000 to $11 Million

LAGUNA BEACH, CA — This corner property at 27 Emerald Bay was purchased by Warren Buffett in 1971 for his first wife for a mere $150,000. This week, the financial giant known as the "Oracle of Omaha" has put his prime property on the market for $11,000,000.

Buffett, who is now 86-years-old, is reported by Investopedia to be the third-wealthiest person in the world, with a net worth of over $60 billion. This beach property in the exclusive Emerald Bay community was still in use by the Buffett family until recently, as a vacation property. His primary residence is still Omaha, Nebraska.

• Address: 27 Emerald Bay, Laguna Beach, California
• Price: $11,000,000
• Square Feet: 3588
• Bedrooms: 6
• Bathrooms: 6 Full and 1 Half Baths
• Built: 1936
• Features:

For the first time in nearly 5o years the legendary "Oracle of Omaha's" home 27 Emerald Bay is now available.

Just steps to one of Southern California's finest beach enclaves of world famous Emerald Bay Laguna Beach California this unique seaside home of comfort is ready for new owners to enjoy.

This home features 6 bedrooms with 7 baths this home awaits the new generation to experience what the current owners have done for over 4 decades.

Enjoy classic beach beauty with views of the sand, surf and the rocks of the south point of beautiful Emerald Bay from most rooms in the home.

En suite baths accompany 5 of the bedrooms in the home.

Two of this special beach home's bedrooms have their own separate entrances ideal for your guests when they come to visit, making this an ideal vacation home for the upper echelon.

In addition a large family room with an over-sized ocean viewing deck is separated from the main home great for activity away from the main part of the homes living areas.

With an abundance of parking the property has a 2 car garage and a separate 1 car garage which has an apron for off the street parking.

Live the dream...27 Emerald Bay.

This listing originally appeared on realtor.com. For more information and photos, click here.