Where the candidates call home
These presidential hopefuls would love to live in the White House, but their million-dollar digs will have to do for now
By Sarah Max, Cyberhomes Senior Writer
Published: November 12, 2007
They say you can judge people by the company they keep. What about the places they call home?
Mitt Romney, whose fortune hovers around $200 million, calls the Boston suburb of Belmont home, but also has the option of jetting to his ski house in Park City, Utah, or his $10 million estate in rural New Hampshire. John Edwards wants to improve the lives of middle class Americans, but his 28,000-square-foot spread in Chapel Hill, North Carolina, is a long way from Middle America.
In fact, the frontrunners in the presidential campaign don’t exactly lively modestly. Scroll through our gallery of candidates homes and you’ll see that all of them live in million-dollar abodes.
Hillary Clinton, Democrat
Chappaqua, New York
In 1999, after living rent-free in the White House for eight years, Hillary Clinton and Former President Bill Clinton paid $1.7 million for a five-bedroom, four-bathroom circa 1889 house in Chappaqua, New York. A years later, the couple paid $2.85 million for a second home, this one in the Washington, D.C. neighborhood Massachusetts Avenue Heights.
Neighborhood stats
ZIP code: 10514
Average home value: $1,131,136
9-month appreciation: -2.8 percent
Barack Obama, Democrat
Chicago, Illinois
In 2005, Barack Obama used money from a book advance to plunk down $1.65 million for a Georgian revival home in Kenwood, a well-to-do landmark district on Chicago’s South Side.
Neighborhood stats
ZIP code: 60615
Average home value: $310,315
9-month appreciation: 1 percent
John Edwards, Democrat
Chapel Hill, North Carolina
In January 2007, John Edwards and his family moved into their $6 million North Carolina estate, which the local tax assessor’s office described as the most expensive in the county. No kidding. The 102-acre property includes a 10,400-square-foot main house and 15,600-square-foot recreation building, housing a basketball court, squash court, swimming pool and two stages. A third 2,200-square-foot structure connects the two buildings.
Neighborhood stats
ZIP code: 27516
Average home value: $365,347
9-month appreciation: 4.1 percent
Mitt Romney, Republican
Wolfeboro, New Hampshire
Mitt Romney owns a few houses, including his main residence in the Boston suburb of Belmont and a ski house in Park City, Utah. But the address he seems to like most is a three-story contemporary house overlooking New Hampshire’s Lake Winnipesaukee. The 11-acre estate boasts a 5,400 square-foot six-bedroom house, a 2,700 square-foot boat house and 2,600-square-foot guest house. All told it’s worth more than $10 million.
Neighborhood stats
ZIP code: 03894
Average home value: NA
9-month appreciation: NA
John McCain, Republican
Phoenix, Arizona
A couple years ago John and Cindy McCain put their 11,000 square-foot Phoenix home on the market and downsized (sort of) to a new luxury condo building near Biltmore Fashion Park in Phoenix. Cindy McCain, who is heiress to the John Hensley liquor empire, paid $3 million for two units, which the couple combined for 6,000 square feet of fine living.
Neighborhood stats
ZIP code: 85016
Average value: $428,802
9-month appreciation: -1.6 percent
Rudy Giuliani, Republican
New York, New York
The former mayor of New York calls one of most expensive stretches of real estate in the country home. About five years ago he and his wife, Judith, paid $5.25 million for a nine-room co-op on the Upper East Side. Of course, every New Yorker needs an escape. In the case of the Giulianis it’s a $4 million house in the Hamptons.
Neighborhood stats
ZIP code: 10021
Average value: $1,527,997
9-month appreciation: - 4.7 percent
The White House
Washington, D.C.
The next president of the United States will have plenty of perks, but one notable honor is four years of free rent in the White House, a 55,000 square-foot Georgian-style mansion that encompasses 132 rooms and 32 bathrooms. Amenities include a tennis court, bowling alley, movie theater, swimming pool, and oodles of history.
The White House was originally built in the late 1700s at a cost of $230,000 – or about $3.5 million in today’s dollars. That building was burned down by soldiers in 1814 and rebuilt by the same architect. The old house has obviously gone through a few changes over the years. Electricity, plumbing and central heat are just a few of the upgrades needed to make life comfortable for the President and his family. Moreover, the addition of the West Wing and East Wing moved the staff out of the presidential quarters and into adjacent buildings. That said, the White House hasn’t changed drastically since the early 1950s when President Truman renovated the house and added two sub-basements, says William Bushong, staff historian for the White House Historical Association.
While the White House may be one of the most famous residences in America, most experts would be hard pressed to put a value on it. “The White House is priceless,” says Jonathan Taylor, managing partner of Tutt, Taylor & Rankin real estate in Washington, D.C. But if he had to take a wild guess he’d say it’s worth well over $100 million. “Our biggest sale in town to date was a $25 million sale for a 29,000 square-foot house with two acres of land in Georgetown,” says Taylor. “The White House dwarfs that place.”
