President Ford's Rancho Mirage home sells for $1.675 million

The Rancho Mirage estate of the late President

Gerald Ford


Betty Ford

has sold for $1.675 million.

The buyers are entertainment business manager

John McIlwee

and Dreamworks Animation executive


Bill Damaschke,

who announced their intentions to preserve the 6,316-square-foot midcentury home. They purchased the furniture, including sofas and desks, and some of the artwork separately.

The Fords built the Welton Becket-designed home in 1979. The gated compound encompasses 1.37 acres.

The main residence has a swimming pool and includes a staff waiting room, his and her offices, five bedrooms, five full bathrooms and two partial bathrooms.

The Fords used the compound as their California retreat after they left the

White House

. President Ford died in 2006 at 93. Betty Ford died last year, also at 93.

Nelda Linsk of HK Lane Real Estate and Lindell Campbell of Warwick Properties Group were the listing agents. Tyler Morgan of Capitis Real Estate of Palm Springs represented the buyers.