Homecoming for Munger with oceanfront mansion in Montecito

Billionaire developed gated Sea Meadow community, also known as “Mungerville”

Los Angeles /
Dec.December 22, 2021 09:45 AM
Charlie Munger, billionaire investor and Berkshire Hathaway executive, in front of 1460 Bonnymede Drive in Montecito (Redfin, Getty Images)

Berkshire Hathaway exec Charlie Munger is returning to the oceanfront Montecito community he helped develop more than 30 years ago.

Munger purchased a 4,657-square-foot home for $11 million, according to Dirt. The four-bedroom home sits on about a quarter of an acre in the gated Sea Meadow community, about a five minute drive west of downtown Santa Barbara. Because of Munger’s involvement in developing Sea Meadow, the 22-acre community is sometimes called “Mungerville.”

The Nebraska native has owned property in Sea Meadow before, and also owns an estate in Pasadena estate and a relatively modest home in the Hancock Park neighborhood of Los Angeles. He found his way to the Los Angeles area from his native state during a stint in the U.S. Army Air Corp in the 1940s.

Munger’s newest property was built in 1992 and designed by architect Jock Sewall. It was recently renovated with blonde hardwood floors and new light fixtures, among other features.

The quarter-acre property packs in a full-size tennis court, a dining terrace and some gardens. There is also access to the community’s private beach and swimming pool. The gated community is privately guarded.

The Berkshire Hathaway senior vice president is something of an self-taught architect and he recently touched off some controversy over his design for a dorm at the University of California, Santa Barbara.

Munger is financially backing the project with $200 million on the condition his design is realized. The school so far has committed to building the edifice.

Munger’s design for the 11-story dorm complex omits windows from nearly all dorm rooms. Munger argues this was necessary to allow for individual bedrooms and better common spaces.

In October, a 15-year member of the school’s design committee resigned over the university’s plan to follow through with the design.

Munger told The Real Deal shortly after that there was “no real controversy” and that a “couple of nutcases… went off half-cocked,” over the project.

[Dirt] ­— Dennis Lynch





    Related Articles

    arrow_forward_ios
    Yvette Mimieux with 500 Perugia Way (Getty, Jade Mills, iStock)
    Double feature: Yvette Mimieux’s estate under contract
    Double feature: Yvette Mimieux’s estate under contract
    Gyorgy Gattyan with 24 Beverly Park Terrace
    Hungarian porn player lists Beverly Park mansion
    Hungarian porn player lists Beverly Park mansion
    UTA's Jeremy Zimmer with 435 N. Cliffwood Ave (Williams & Williams Estate Group, UTA)
    Script approved on sale of UTA chief’s Brentwood mansion
    Script approved on sale of UTA chief’s Brentwood mansion
    10771 Bellagio Road with Ben Affleck and Jennifer Lopez (Linda May Property Group, Getty)
    Pending sale of Bel-Air mansion poised to take one of LA’s biggest asks off market
    Pending sale of Bel-Air mansion poised to take one of LA’s biggest asks off market
    LA Rams quarterback Matthew Stafford and 24200 Hidden Ridge Road (Getty, EGC Real Estate Group)
    LA Rams QB Matthew Stafford flips Hidden Hills home for $21M
    LA Rams QB Matthew Stafford flips Hidden Hills home for $21M
    Frome left: Mauricio Umanksy, Kyle Richards, and Umanksy's daughters with Beverly Hills (Getty, iStock)
    Luxe broker Mauricio Umansky to join daughters on Netflix series
    Luxe broker Mauricio Umansky to join daughters on Netflix series
    Richard Landry and the Brentwood home (Manolo Langis, Landry Design Group)
    Starchitect Richard Landry’s home fetches record price in Brentwood neighborhood
    Starchitect Richard Landry’s home fetches record price in Brentwood neighborhood
    Emma Stone's Malibu home. (Neue Focus/Sotheby's International Realty)
    Emma Stone sells Malibu home after just one week on market
    Emma Stone sells Malibu home after just one week on market
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...