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The US investor and CEO of Berkshire Hathaway lives at his home in Omaha, Nebraska since he's bought it in 1958 for $ 31,000.
But with a tip from his late wife, Buffett bought a beachfront vacation villa overlooking Laguna Beach in 1971, and the purchase price was $ 150,000.
In February 2017, Buffett put the palace up for sale for $ 11 million, and it has not been sold yet, but the American billionaire has not lowered the price, reported the Wall Street Journal.
The palace is approximately 1,100 square meters and is located just steps from the Pacific Ocean and has six bedrooms, seven bathrooms and several balconies overlooking the ocean.
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