Richard Nixon's Mansion Is Listed For US$ 75 Million
Source: http://www.wsj.com
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Former USA president Richard Nixon's mansion, which he owned nearly 11 years (1969-1980), put on market for US$ 75 million. The mansion, which the president dubbed La Casa Pacifica, is located in the first line in San Clemente, California.
President Richard Nixon's so-called Western White House, family used for family retreats and strategic meetings, hosting guests such as Henry Kissinger and Soviet leader Leonid Brezhnev. Nixon, a Southern California native, retreated to the home after his resignation in 1974, following the Watergate scandal, and wrote his memoir there. He sold the estate to Mr. Herbert, and partners, in 1980 in a private sale.
The 22.3 thousand square meters estate in San Clemente has more than 1400 square meters of living space over a main house, guesthouses and staff quarters, and 140 meters of ocean frontage.
The main residence was designed in the 1920s by Carl Lindbom for Mr. Cotton, a wealthy local businessman, who was inspired by the mayor's residence in San Sebastian, Spain. The inside has tiled and wood floors and wood-beamed ceilings; large arched windows overlook the ocean.
The home is designed in a Spanish Colonial style-white stucco and red-tile roof, and living spaces around a central courtyard with a fountain. An outside staircase leads to an office with a fireplace that Mr. Nixon added. The dining room overlooks the home's ornamental and English gardens on the opposite side.
The tranquil lot overlooks a popular surfing beach. It has flower and vegetable gardens, neatly trimmed hedges, and palm and cypress trees.
Listing agent Rob Giem, of HOM Sotheby's International Realty, says the high price tag (US$ 75 million) is justified, even aside from the property's provenance, as it is the largest stretch of available residential oceanfront south of Los Angeles. Prices for vacant waterfront lots in Orange County typically sell for US$ 5 million to US$ 10 million for a 2,5 thousand square meters, he says. "It's one of a kind," he adds.
Gavin Herbert, the retired founder and CEO of Allergan is selling the estate after 35 years of ownership and is looking for a buyer who will continue to care for the property. Mr. Herbert and his partners developed the property into a gated subdivision with 14 other homes. He also added an octagonal poolside pavilion, and decorated it with photos of visiting dignitaries. More recently, he remodeled the main house, rebuilding about 30% and putting in a basement. The master suite was expanded to include a bath and closets. He also replaced a living-room fireplace and donated the original to the Nixon library.
President Richard Nixon's so-called Western White House, family used for family retreats and strategic meetings, hosting guests such as Henry Kissinger and Soviet leader Leonid Brezhnev. Nixon, a Southern California native, retreated to the home after his resignation in 1974, following the Watergate scandal, and wrote his memoir there. He sold the estate to Mr. Herbert, and partners, in 1980 in a private sale.
The 22.3 thousand square meters estate in San Clemente has more than 1400 square meters of living space over a main house, guesthouses and staff quarters, and 140 meters of ocean frontage.
The main residence was designed in the 1920s by Carl Lindbom for Mr. Cotton, a wealthy local businessman, who was inspired by the mayor's residence in San Sebastian, Spain. The inside has tiled and wood floors and wood-beamed ceilings; large arched windows overlook the ocean.
The home is designed in a Spanish Colonial style-white stucco and red-tile roof, and living spaces around a central courtyard with a fountain. An outside staircase leads to an office with a fireplace that Mr. Nixon added. The dining room overlooks the home's ornamental and English gardens on the opposite side.
The tranquil lot overlooks a popular surfing beach. It has flower and vegetable gardens, neatly trimmed hedges, and palm and cypress trees.
Listing agent Rob Giem, of HOM Sotheby's International Realty, says the high price tag (US$ 75 million) is justified, even aside from the property's provenance, as it is the largest stretch of available residential oceanfront south of Los Angeles. Prices for vacant waterfront lots in Orange County typically sell for US$ 5 million to US$ 10 million for a 2,5 thousand square meters, he says. "It's one of a kind," he adds.
Gavin Herbert, the retired founder and CEO of Allergan is selling the estate after 35 years of ownership and is looking for a buyer who will continue to care for the property. Mr. Herbert and his partners developed the property into a gated subdivision with 14 other homes. He also added an octagonal poolside pavilion, and decorated it with photos of visiting dignitaries. More recently, he remodeled the main house, rebuilding about 30% and putting in a basement. The master suite was expanded to include a bath and closets. He also replaced a living-room fireplace and donated the original to the Nixon library.
