Warren Buffett is ready to cash in a nearly 5-decade-old investment.
The 86-year-old business magnate has listed an ocean-view home in Laguna Beach for sale at $11 million. That’s quite a markup from the $150,000 Buffett paid for the property in 1971, property records show.
ADVERTISINGThe multilevel home, built in 1936 and remodeled during Buffett’s ownership, sits on a corner lot and has a view of Emerald Bay.
The multilevel home sits in a gated Laguna Beach enclave and has a view of Emerald Bay.
(Todd Tankersley)The 3,588 square feet of white-walled living space includes a family room with a fireplace, a dining room area, a skylight-topped kitchen, five bedrooms and seven bathrooms. Two of…