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

"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."

"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."

Billionaire philanthropist and Gateway Inc. co-founder Ted Waitt has listed his Hollywood Hills West home in the Bird Streets area for $20 million. The contemporary-style residence sits on over half an acre with expansive views toward downtown Los Angeles and the ocean. The property includes four bedrooms, 5.5 bathrooms, formal living and dining rooms, a game/media room, and an office. Notable features include stone walls, vibrant wood finishes, a zebrawood kitchen with center island, master suite with soaking tub and walk-in closet, and an aquarium-accented wet bar. The home emphasizes indoor-outdoor living with floor-to-ceiling glass doors opening to terraces, balconies, an infinity-edge pool, and outdoor dining area with fire feature. Waitt purchased the home in 2011 for $11.525 million.

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