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Billionaire Philanthropist Lists La Jolla Mansion for $22.9 Million

Noted philanthropist and Gateway Inc. co-founder Theodore Waitt has listed his massive La Jolla mansion for sale with a $22.9 million asking price. The 14,252 square foot home was built in 1996 and includes seven bedrooms, fourteen bathrooms, a home theater, a library and a gourmet kitchen. The 3-acre lot on which the home sits also has a tennis court, swimming pool and spa, and a private lake with a dock and an island. There's also a separate guesthouse that features a gym, an office and a two-story recreational space, as well as a garage that can fit up to seven cars. According to public records, Waitt bought the property in 2005 for $13.32 million.

December 8, 2015