Ronald Reagan?s former Calif. home for sale

1 hr.

Erika Riggs , Zillow

1669 San Onofre Dr, Pacific Palisades ,Calif.
For sale: $4.999 million

Ronald Reagan was in the shower when he heard the news that he had become the 40th president of the United States. Standing in the living room of his Pacific Palisades home, he took the call from Washington, D.C., and accepted Jimmy Carter's concession, Nancy Reagan later told Architectural Digest.

Reagan's Pacific Palisades home was the actor, governor and president's primary residence from 1957 until he sold it in 1981, following his move to the White House.

At the time the home was constructed, Reagan was working as a corporate spokesman for General Electric and hosting General Electric Theater. In 1955, the company helped him design a custom home filled to the brim with state-of-the-art and energy-saving GE products controlled by central panels. The final GE touch? A hidden projector in the dining room for movie screenings.

The ranch-style home measures 4,764 square feet with an open floor plan and large windows that capture views of Santa Monica Bay. At the time, Pacific Palisades was not the popular celebrity neighborhood it is today, and the Reagan home was one of the first star homes in the area.

Today, the neighborhood is far more coveted, and the Reagan home is in an "unbelievable location," says Los Angeles real estate agent?Sally Forster Jones of Coldwell Banker.

"It's in the best part of Pacific Palisades with sweeping vistas that extend from the city to the ocean," she said.

Hidden behind gates and a private drive, the home remains pretty true to its original mid-century design. But what sets it apart, of course, is the home's "rich history."

"This is an incredibly special property," she said.

According to Zillow's mortgage calculator, a monthly payment on the home would be $17,599, assuming a 20 percent down payment on a 30-year mortgage.

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Source: http://www.nbcnews.com/business/ronald-reagans-former-calif-home-sale-1B7915778

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