Obama

Obama Planning to Retire to Rancho Mirage?

| Mon Jul. 21, 2014 9:01 PM EDT

Let the speculation begin!

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.

....The 8,232-square-foot compound in question sits adjacent to a bighorn sheep preserve on a 3.29-acre hilltop with panoramic views. The custom-built main house, constructed in 1993 and designed for entertaining, includes a gym, four bedrooms and 4.5 bathrooms. A 2,000-square-foot casita has three bedrooms and three bathrooms. Over-the-top exterior features include a pool with a 20-foot waterfall, a rock lagoon, two spas, a misting system and a putting green with a sand trap.

I have to say that the Obamas don't really strike me as Rancho Mirage kind of people, but who knows? Maybe I've misjudged them.

Photo by Clark Dugger Photography