If Warren Buffett gets his asking price or even close, he will see major return on an investment he made nearly 50 years ago. The LA Times reports that Buffett paid $150,000 for the contemporary home at 27 Emerald Bay in Laguna Beach back in 1971 and he is now offering it for $11M after a major renovation under his ownership. The 6-bedroom, 7-bathroom home spans 3,588 square feet and features open living spaces and an oversized ocean viewing deck. 5 of the bedrooms are en-suite and 2 have their own entrances, making them ideal for guests. Bill Dolby of Villa Real Estate represents the listing.
