Obama is buying a home in Rancho Mirage!

By
Real Estate Agent with Rodeo Realty BRE# 01220669
https://activerain.com/droplet/4vgg

Obama is buying a home in Rancho Mirage!

 

President Obama and his wife, Michelle, could be the owners of a home in Rancho Mirage listed at $4.25 million before the month is out.

The First Family is believed to be in escrow on a contemporary home in a gated community where entertainers Frank Sinatra, Bob Hope and Bing Crosby once maintained estates.

The White House said rumors regarding a home in Rancho Mirage are not true.Hot Property: Barack and Michelle Obama

But area real estate agents, who spoke on condition of anonymity, said the Obamas are the buyers of the Rancho Mirage home. Listing agents Marc Lange and Carl Blea of HOM Sotheby’s International declined to comment.

The Obamas would not be the first presidential family to land in the Southern California desert. After completing his time in office, former President Gerald R. Ford moved to the area, which has been called "the playground of presidents." Other U.S. presidents have visited and spent time in the Coachella Valley.

Speculation about a potential purchase started when the Obamas spent a long Father’s Day weekend there. President Obama was also in Rancho Mirage mixing business and golf earlier in the year, reported the Desert Sun, playing at Oracle co-founder Larry Ellison’s private course at the Porcupine Creek estate and at Sunnylands.Hot Property: Barack and Michelle Obama

The 8,232-square-foot compound in question sits adjacent to a bighorn sheep preserve on a 3.29-acre hilltop with panoramic views.

The custom-built main house, constructed in 1993 and designed for entertaining, includes a gym, four bedrooms and 4.5 bathrooms. A 2,000-square-foot casita has three bedrooms and three bathrooms.

 

Provided courtesy of  Liveinsanfernandovalley.com 

Rodeo Realty Inc. Sherman Oaks CA

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En Español: Casas en venta en el Valle de San Fernando 

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Rainmaker
553,714
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

That's a beautiful area, Joe, and he does like to golf. Interesting that he isn't buying one (yet) in Hawaii. But I presume that would be too far away for his post-presidency activities.

Jul 22, 2014 03:33 AM #1
Rainer
59,125
Joe Neuah
Rodeo Realty - Sherman Oaks, CA
Doing Real Estate with Passion!!

I visit Palm Springs area very often with my wife. It is a very relaxing place!

 

Jul 22, 2014 03:54 AM #2
Rainmaker
474,519
Colleen Fischesser Northwest Property Shop
RE/MAX Advantage | Managing Broker - Chelan, WA
A Tradition of Trust in the Pacific NW since 1990!

But of course the White House would never lie (gasp!). LOL! I love Rancho Mirage, I guess time will tell!

Jul 22, 2014 09:27 AM #3
Rainmaker
517,494
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

Nothing surprises me.

Jul 22, 2014 12:33 PM #4
Rainer
483,224
Chandler Real Estate Liz Harris, MBA
Liz Harris Realty - Chandler, AZ
#ChandlerRealEstateAgent

Great post today, was a pleasure reading it.  Look forward to your next one.  Liz in Chandler

Jul 22, 2014 03:07 PM #5
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Rainer
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Joe Neuah

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