Warren Buffett could see a big return if his Laguna Beach home sells for close to its listing price.
The billionaire investor has owned the home since 1971, when he purchased it for $150,000. According to the Wall Street Journal, Buffett just listed it for $11 million.
The home has six bedrooms and more than 3,500 square feet of space. Buffett had primarily used it as a beach retreat for his family, but they reportedly hadn't used it much since his first wife, Susan, died in 2004.
Let's take a tour of this billionaire's beach-town home.
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Buffett's longtime vacation home is located in the affluent beachside community of Laguna Beach, in Orange County, California.
It's part of a gated community called Emerald Bay and is just a short walk from the beach.
The beaches here are stunning, with high cliffs.
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