A newly-built Pacific Palisades estate that sits on property once owned by former presidential couple Ronald and Nancy Reagan is on the market for $33 million.
The 12,000-square-foot Spanish Revival-style home and guesthouse sits on a nearly 28,000 square-foot-lot, and features 270-degree city and ocean views, according to its developers, Jaman Properties.
The Reagans bought the property in 1957, when Pacific Palisades was a sparsely populated frontier. At the time, Ronald Reagan was a working actor hosting "The General Electric Theatre" television show.
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When GE learned Ronald Reagan was building his family home, they offered to make it "the house of the future," outfitting the residence with an all-electric kitchen, innovative lighting and a home theatre.
The former President's longtime home is now a blend of contemporary comfort and luxury coupled with elements preserved from the Reagans' tenure.
The lavish estate now includes five bedrooms-- including a 2,000-square-foot master suite, a gym, a 2,000-bottle temperature-controlled wine room and an entry hall with 24-foot ceilings. Other details include a saltwater pool with spa, a powder room wallpapered in 25,000 peacock feathers and a glass fronted "show garage" with a bar.
Some features of Reagans' original home have been incorporated in the new dwelling, including the living room's original bar where the former president entertained world leaders, and the door to the shower Reagan was using when he learned he won the presidency in 1980.
Although the Reagan projection booth no longer stands, the new house has a cashmere lined screening room for up to 15 people. The estate also includes a presidential rose garden with blooms named after presidents and first ladies.