Pimco's Gross ponies up $23M for posh new pad

It was listed for $26 million, but bond guru Bill Gross bought a bay-facing home on Harbor Island in Newport Beach, Calif., for $23 million, according to reports.
AUG 14, 2009
It was listed for $26 million, but bond guru Bill Gross bought a bay-facing home on Harbor Island in Newport Beach, Calif., for $23 million, according to reports. Mr. Gross, co-chief investment manager at Pacific Investment Management Co. LLC in that city, could not be reached for comment. The 11,000-square-foot 1979 Georgian-style home, with nine bedrooms and 12 baths, includes 112 feet of frontage on Newport Harbor, reports stated. The seller was the estate of the philanthropist Elizabeth Colyear Vincent. Mr. Gross and his wife currently live in the exclusive Irvine Cove neighborhood in Laguna Beach, Calif.

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