Billionaire Ted Waitt lists his loaded estate in La Jolla for $22.9 million
Billionaire philanthropist Ted Waitt, who in recent months has bought a house in Beverly Hills and listed another for sale in Hollywood Hills West, has put his estate in La Jolla on the market for $22.9 million.
Built in 1996, the Traditional-style home sits on about three acres of park-like grounds with a tennis court, a swimming pool and spa, a rock-climbing arch and a skateboard park. A private lake has a small dock and an island.
Clad in dark wood and stone finishes, the 14,252 square feet of space includes living, dining and family rooms, a gourmet kitchen, a library, a home theater, seven bedrooms and 14 bathrooms.
A separate guesthouse features a gym, a contemporary wood-paneled office and a two-story recreation room. Custom lighting, mirrored ceilings and a wet bar highlight a disco lounge.
Elsewhere on the grounds is garage parking for as many as seven cars.
Waitt, who co-founded the computer hardware giant Gateway Inc. in the 1980s, bought the property in 2005 for $13.32 million, according to public records.
Greg Noonan of Berkshire Hathaway HomeServices California Properties is the listing agent.
Waitt has been in buy-and-sell mode as of late. In July, he paid $10.3 million for a Gerard Colcord-designed home in Beverly Hills that he intends to raze and develop, according to sources with knowledge of the sale.
In September, Waitt put a home in the Bird Streets area of Hollywood Hills West up for sale at $20 million. The 6,200-square-foot home with floor-to-ceiling glass walls and an infinity-edged pool, is currently listed for $17.9 million.
MORE FROM HOT PROPERTY:
Inside the homes of the rich and famous.
Glimpse their lives and latest real estate deals in our weekly Hot Property newsletter.
You may occasionally receive promotional content from the Los Angeles Times.