Newly emboldened from a surge in luxury home sales across coastal California, the current owners of former President Richard Nixon’s Western White House—a lavish Spanish Colonial-style compound in San Clemente, California, have relisted the estate for $65 million. That’s $7.5 million, or 13%, more than its last price tag.
Known as La Casa Pacifica, the 5.45-acre estate with 480 linear feet of beach frontage was last listed for $57.5 million in May 2019 and taken off the market in the beginning of last year, according to listing records.
The current owner, a trust linked to a healthcare executive, is seemingly taking advantage of the strong market sentiment, especially the increasing demand for luxury homes with more space and privacy.
According to the latest data from California Association of Realtors, the statewide median price set a record high in March at $758,990, while the number of closed sales rose nearly 20% year over year.
The current owner bought the property from Nixon in the 1980s, Mansion Global previously reported. Nixon died in 1994 at age 81.
The main mansion, built in 1927, has approximately 9,000 square feet of living space featuring painted ceilings, exposed beams and panoramic views of the water. The property also has a poolside pavilion with an entertaining room, a bar, a guest suite, a den, and four terraces, according to the listing.
There is also a two-bedroom guest house with a sitting room, a pool and terrace; a tennis court; an enclosed gazebo; and formal gardens on the grounds, the listing said.
The property has been on and off the market since 2015, when it was first listed for $75 million. From 2017 to 2018, it was on the market for $63.5 million.
Rob Giem of Compass relisted the estate for $65 million on Tuesday. He did not immediately respond to a request for comment on the price adjustment.
Article Source: Mansion Global