Rob Giem of Compass
- Former President Nixon‘s former estate is back on the market, according to the LA Times and Mansion Global.
- The 5.5-acre property resurfaced earlier this month with a sticker price of $57.5 million, reflecting a $6 million price cut since its last listing. The complex was first listed in 2015 for $75 million.
- The Nixons previously used the nine-bedroom, 14-bathroom estate for entertaining members of their elite social circle. The mansion also served as an alternate location for cabinet meetings and press conferences.
- Visit BusinessInsider.com for more stories.
The "Western White House" is back on the market, this time with another significant price cut.
The 5.5-acre Orange County estate — also known as La Casa Pacifica — is listed for $57.5 million. Like many past presidential retreats, the property was used by former President Richard Nixon for both social gatherings and political business.
The home is just one of several real-estate price cuts we’ve seen in the past year. Business Insider’s Brittany Fowler previously reported the mansion was first listed for $75 million in 2015; two years later Dennis Green reported the list price had dropped over $11 million. Rob Giem of Compass and Linda May of Hilton & Hyland share the latest listing.
Former President Nixon’s former abode joins other "White Houses" on the market; though it wasn’t owned by an American president, a luxury home in New Jersey is known as the "White House of Englewood" due to its exterior color and regal interior. The property is now listed for 75% off its original sticker price.
Keep reading for a look inside the "Western White House."
The property — also known as La Casa Pacifica — is located in San Clemente, California. The Orange County city is situated between Los Angeles and San Diego.
Google Maps
Source: Google Maps, Compass, Mansion Global, LA Times, The Real Deal
The 5.5-acre estate is currently on the market for $57.5 million. The complex includes the main house and its guest house, along with separate staff quarters.
Rob Giem of Compass
Source: Compass, Mansion Global, LA Times, The Real Deal
The main house was constructed in 1927; its architectural is described as "Spanish Colonial Revival." The square building encloses a courtyard in its center.
Rob Giem of Compass
Source: Compass, Mansion Global, LA Times, The Real Deal
See the rest of the story at Business Insider
See Also:
- What it’s like living as a millionaire in Taipei, Asia’s ‘stealthy rich city,’ where the ultra-wealthy own more than 5 homes each and shop in private VIP fitting rooms
- 17 real-estate agents reveal the worst parts of their jobs, from the lack of steady income to being on call 24/7
- One of the most expensive homes for sale in the Hamptons got a $30 million price cut. Take a look at the massive estate that’s been on the market for almost 2 years.
Source: Business Insider – feedback@businessinsider.com (Marissa Perino)