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This Is How Much It Costs to Live Next Door to Warren Buffett

May 01, 2015

Billionaire investor Warren Buffett famously still lives in the Omaha, Nebraska, home he bought in 1958 for $31,500.

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But the five-bedroom, 5 1/2-bath house that just went on sale right across the street is going for a bit more.

Although it was recently appraised for just under a million dollars, according to current owner Phil Huston, the home's list price is 10 "A shares" of Berkshire Hathaway stock, equal to about $2.15 million today.

Given that many are willing to pay up for Buffett's time and former possessions—including one man who paid more than $2 million to lunch with the Berkshire CEO and one who splurged for his old Cadillac—it seems reasonable to think that a buyer might pay a premium to become neighbors with the Oracle of Omaha, says Huston.

"Call it the Buffett factor," he says.

Huston, who has lived at 225 S. 55th street with his antique-dealer wife Anne since 1994, says the residence—built in 1922—has an interesting history of its own. During the 1950s it was the home of the late Donald Keough, who was not only a long-time friend of Buffett, but also went on to become a top Coca Cola executive. (Buffett, an avid consumer of the soft drink, led Berkshire Hathaway to become a top shareholder of Coke stock.)

The Hustons don't have any offers on their home yet, but they hope to pique the interest of those visiting Omaha this weekend for Berkshire Hathaway's annual meeting. Click through the gallery above for more images of the residence.

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