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Billionaire Ted Waitt puts $20-million price tag on Bird Streets address

LA Times

Billionaire philanthropist Ted Waitt, who last month bought a home in Beverly Hills for $10.3 million, has put his home in the celebrity- and mogul-centric Bird Streets area of Hollywood Hills West up for sale at $20 million.

Set on a promontory of more than half an acre, the contemporary-style home has views stretching to downtown L.A. and the ocean.

Interiors done in stone walls and vibrant wood finishes include formal living and dining rooms, a game/media room, an office, four bedrooms and 5.5 bathrooms. Set off of the family room, a large wall aquarium lends an exotic touch to a curved wet bar.

Done in zebrawood, the open-space kitchen sports a large center island topped by a freestanding stainless steel hood. A wall fireplace, a large soaking tub and a walk-in closet highlight the master suite.

Designed for indoor-outdoor living, sliding walls of floor-to-ceiling glass seamlessly meld with various terraces, balconies and an expansive patio with an infinity-edge pool. Elsewhere, an outdoor dining area is outfitted with a long fire feature.

Waitt, 52, co-founded the computer hardware giant Gateway Inc. in the 1980s. Considered one of the country’s leading philanthropists, he has a net worth of about $1.3 billion, according to Forbes.

He bought the house in 2011 for $11.525 million, records show.