From the Los Angeles Times:
Are the Obamas buying a home in Rancho Mirage?
President Obama and his wife, Michelle, could be the owners of a home in Rancho Mirage listed at $4.25 million before the month is out.
The First Family is believed to be in escrow on a contemporary home in a gated community where entertainers Frank Sinatra, Bob Hope and Bing Crosby once maintained estates.
The White House said rumors regarding a home in Rancho Mirage are not true.
But area real estate agents, who spoke on condition of anonymity, said the Obamas are the buyers of the Rancho Mirage home. Listing agents Marc Lange and Carl Blea of HOM Sotheby’s International declined to comment.
More:
Speculation about a potential purchase started when the Obamas spent a long Father’s Day weekend there. President Obama was also in Rancho Mirage mixing business and golf earlier in the year, reported the Desert Sun, playing at Oracle co-founder Larry Ellison’s private course at the Porcupine Creek estate and at Sunnylands.
The 8,232-square-foot compound in question sits adjacent to a bighorn sheep preserve on a 3.29-acre hilltop with panoramic views.
Curious - wonder what happened to the house that was bought for them in Hawaii?
