Want to buy a bayfront property from Bill Gross? The Pimco [see profile] co-founder and co-CIO has put his 18,150-square-foot property on Newport Beach's tony Harbor Island up for sale. The asking price is $26.5 million, reports the Orange County Business Journal.

Bill Gross Pimco Co-Founder, co-CIO

The item was later picked by CNBC and BusinessInsider.

Gross acquired the property two years ago for $23 million, which was $3 million less than the original listing price of $26 million. Gross purchased the property from the estate of Elizabeth Colyear Vincent, a philanthropist and art collector who passed away in 2009, according to the report.

"Gross leveled the home and had planned to build a newer one on the site. Since then, the property has remained vacant, a giant hole along the waterfront that has had people musing on what he might build," The Orange County Business Journal's Sherri Cruz wrote.

According to the pub, the primary abode of Gross and his wife Sue is located in Laguna Beach's Irvine Cove neighborhood. 

Edited by: Armie Margaret Lee


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