Image: Warren Buffett

Money

The homes of Warren Buffett

One of the world's richest men doesn't live a particularly lavish lifestyle. Take a look at the "Oracle of Omaha's" real esteate choices.

/ 5 PHOTOS
Image: Warren Buffett

Berkshire Hathaway CEO Warren Buffett attends the Allen & Co Media Conference in Sun Valley, Idaho in this July 12, 2012 file photograph. Warren Buffett's Berkshire Hathaway is bidding on a bankrupt mortgage lender that it may not want, in what some investors and observers view as an effort to make more money on Berkshire's stake in the company's bonds. REUTERS/Jim Urquhart/Files (UNITED STATES - Tags: BUSINESS SOCIETY WEALTH)
X02872
  • Share
Image: Buffett home

Home since 1958

Home since 1958 Instead of owning a portfolio of homes, the “Oracle of Omaha” lives in just one. He paid $31,500 for his house in 1958, or about $250,000 in today’s dollars. The house sits on a corner property in central Omaha, and the original 1921 stucco structure appears to have some additions. At 6,570 square feet, it’s no bungalow, but it’s also a few thousand square feet short of being a mansion, which is usually about 10,000 square feet.
  • Share
Image: Warren Buffett home

What's it worth?

What's it worth? The home’s value today, estimated on Realtor.com, is $652,619, whereas the Zillow “Zestimate” is $591,000. A neighboring five-bedroom, six-bath, 3,848 square-foot house is on the market for $450,000 . Trulia notes the average list price for Omaha homes comparable to Buffett’s house is $280,162, and the average sale amount for similar recently sold homes is $236,462. It’s not even the home with the highest estimated value on the block. The house next door is slightly smaller and has a Zestimate of $794,500, and $826,870 on Realtor.com. In the 2010 letter to his shareholders, Buffett called his house the third-best investment he’s ever made, after two wedding rings .
  • Share
Image: Warren Buffett home

Why not a mansion?

Why not a mansion? Why hasn’t the billionaire traded up to a more luxurious home over the years? “I’m happy there. I’d move if I thought I’d be happier someplace else,” he told the BBC’s Evan Davis in “The World’s Greatest Moneymaker.” “How would I improve my life by having 10 houses around the globe? If I wanted to become a superintendent of housing … I could have as a profession, but I don’t want to manage 10 houses and I don’t want somebody else doing it for me and I don’t know why the hell I’d be happier. “ This house does just fine, he says. “I’m warm in the winter, I’m cool in the summer, it’s convenient for me,” he said in the interview. “I couldn’t imagine having a better house.” In February, Buffett shared further nonmaterialistic sentiments with Charlie Rose. “I have every possession I want. I have a lot of friends who have a lot more possessions. But in some cases, I feel the possessions possess them, rather than the other way around.”
  • Share
Image: Buffett vacation home

The vacation house

The vacation house Buffett owned this vacation home in Laguna Beach, Calif., until 2005, when it sold for $5.45 million. It's been on and off the market for years, but it finally sold in the spring of 2012 for $4.3 million. The house sits on the ocean side of the Pacific Coast Highway on a private cul-de-sac. It has four bedrooms, four baths, and 3,100 square feet. While pricey, it’s still quite modestly sized for a billionaire’s getaway. Click on to get a better sense of the size.
  • Share
1/5