Billionaire Ted Waitt lists his loaded estate in La Jolla for $22.9 million

Billionaire philanthropist Ted Waitt, who in recent months has bought a house in Beverly Hills and listed another for sale in Hollywood Hills West, has put his estate in La Jolla on the market for $22.9 million.

Built in 1996, the Traditional-style home sits on about three acres of park-like grounds with a tennis court, a swimming pool and spa, a rock-climbing arch and a skateboard park. A private lake has a small dock and an island.

Clad in dark wood and stone finishes, the 14,252 square feet of space includes living, dining and family rooms, a gourmet kitchen, a library, a home theater, seven bedrooms and 14 bathrooms.

A separate guesthouse features a gym, a contemporary wood-paneled office and a two-story recreation room. Custom lighting, mirrored ceilings and a wet bar highlight a disco lounge.

Elsewhere on the grounds is garage parking for as many as seven cars.

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Waitt, who co-founded the computer hardware giant Gateway Inc. in the 1980s, bought the property in 2005 for $13.32 million, according to public records.

Greg Noonan of Berkshire Hathaway HomeServices California Properties is the listing agent.

Waitt has been in buy-and-sell mode as of late. In July, he paid $10.3 million for a Gerard Colcord-designed home in Beverly Hills that he intends to raze and develop, according to sources with knowledge of the sale.

In September, Waitt put a home in the Bird Streets area of Hollywood Hills West up for sale at $20 million. The 6,200-square-foot home with floor-to-ceiling glass walls and an infinity-edged pool, is currently listed for $17.9 million.

Twitter: @NJLeitereg

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