Warren Buffett slashed the price of his Laugna Beach vacation home by about 30 percent.
The billionaire investor reduced the $11 million asking price on his 3,500-square-foot home to $7.9 million, the Wall Street Journal reported.
The home originally hit the market in February. And despite the price chop, Buffett stands to make a tidy profit on the sale. He paid just $150,000 for the property in the 1970s.
The 87-year-old chairman of Berkshire Hathaway spent his holidays at the vacation house. But he has not spent much time at the home since his first wife Susan died in 2004.