$33-million spec house pays homage to Ronald and Nancy Reagan home once on the site
A Pacific Palisades estate built on property once owned by the late presidential couple Ronald and Nancy Reagan is on the market as a pocket listing at $33 million.
The developers and investor-owners, Jaman Properties, are relying on word of mouth and an invitation-only party to sell the 12,000-square-foot Spanish Revival-style main and guest houses that occupy the site of the Reagans’ onetime home.
The Reagans bought the two-thirds of an acre of land in early 1957. Ronald Reagan was hosting “The General Electric” television show and GE offered to turn the house into a “home of the future” with all-electric kitchen appliances. The Reagans maintained the ranch house as their family residence while Ronald Reagan commuted to Sacramento for his job as state governor. They sold it in 1982.
Some amenities from the Reagans’ pre-presidential years have been preserved. Party-goers will be able to sip cocktails served at the living room’s original wet bar and have their photos taken in the bathroom where Ronald Reagan popped out of the shower to learn he had won the presidency.
The new house has such lavish features as a 2,000-square-foot master suite with luggage and shoe closets and a 2,000-square-foot temperature-controlled wine room. Details include a red tile roof, high ceilings and wooden beams. One of the two garages has a glass front and contains a bar with a kegerator.
Gone is the Reagan projection booth, but the new house does have a screening room.
Perched above the city, the home and swimming pool take in 270-degree views.
The property previously sold three years ago for $5.221 million, public records show.
David Offer of Berkshire Hathaway HomeServices California Properties has the pocket listing.
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