Presidential Real Estate: LA Home Of Ronald Reagan Relisted, How Much Is It Worth?
Former President Ronald Reagan's Colonial-Revival-style estate in Los Angeles’ affluent Holmby Hills neighborhood is up for sale. The home once belonged to Reagan and his first wife, Oscar-winning actress Janet Wyman, in the 1940s.
It is currently listed at $6.75 million.
The house was designed by Paul Williams and built in 1938. Williams would later become the first black member of the American Institute of Architects. At the time, it cost $12,800 to construct.
Reagan and Wyman moved into the house in the early 1940s and lived there until their divorce in 1949. Wyman stayed in the home until 1954. Reagan remarried in 1952 to eventual first lady Nancy Davis. A local family purchased the property and it stayed with them for over 50 years.
“It’s rare to come across one of these homes in such great original condition with every detail still intact like stepping back in time,” co-listing agent Brent Watson said. “The soul of this home is magnificent.”
The house boasts five bedrooms and five bathrooms, with an oval-shaped entry foyer, living room with fireplace, 12-foot ceilings, wet bar, butler’s pantry, his and her bathrooms, and walk-in closets in the master bedroom. The property was last bought in September 2018 for $6.45 million from a buyer whose identity has not been disclosed.
Reagan left acting for politics and won his California gubernatorial bid in 1966. He was later elected president in 1980 and re-elected in 1984. Reagan died in 2004 at age 93 due to complications from Alzheimer’s Disease and pneumonia.
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