Nobody wants to buy Warren Buffett's Southern California vacation home, and he just cut the price by $3 million

Charles Sykes/Invision/AP, Villa Real EstateIt’s a short walk from the beach.
  • Warren Buffett first listed his Laguna Beach, California, home for $US11 million in early 2017.
  • In August, he reduced the price by more than $US3 million to $US7.9 million.
  • Buffett purchased the home for just $US150,000 in 1971, which is less than $US1 million in today’s dollars.

It’s been over a year and a half since Warren Buffett listed his Laguna Beach, California, home for sale – and it still seems to be lacking an interested buyer.

In August, he cut the $US11 million asking price by more than $US3 million,reports the Orange Country Register.

But Buffett could still see a big return if it sells close to the asking price of $US7.9 million. The Berkshire Hathaway CEO has owned the home since 1971, when he purchased it for $US150,000. That’s about $US934,000 in today’s dollars. He’s since renovated the place, which has six bedrooms and more than 3,500 square feet of living space.

The billionaire investor 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 Buffett’s beach-town home.

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.

And the home itself offers plenty of opportunities to enjoy the view. It was built in 1936 and renovated after it was purchased by the Buffett family.

The home has six bedrooms in total.

All but one of them have their own en-suite bathroom.

This one was wall-papered with New Yorker covers.

The bedrooms’ layouts look well-suited for family visits.

And two of them have their own private entrances.

This one opens to a patio.

It’s secluded and simply decorated.

The kitchen is also decorated basically, but it has all of the appliances you may need.

A dining area opens to an adjacent living room.

It has its own fireplace.

There are plenty of wide-open windows to enjoy the views throughout the home.

Even this living room opens to the outdoors.

It’s easy to see why Buffett would want to spend his time away from Omaha here.

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