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Bush's New Home After White House
The outgoing president George W Bush and his wife Laura Bush will move into a sprawling 8,501-square-foot house in an ultra-chic North Dallas enclave of Preston Hollow next year.
Despite
the
national
nosedive
in
real
estate
prices,
the
Bushes
appear
to
have
paid
top
dollar
for
the
house.
According
to
the
New
York
Daily
News,
they
have
paid
three
million
dollars
for
the
house.
Their new neighbors in leafy Preston Hollow include oilman T. Boone Pickens, billionaire Dallas Mavericks owner Mark Cuban, and Thomas Hicks, the guy said to have made Bush rich when he bought out his share of baseball's Texas Rangers.
The White House on Thursday revealed that the October 3 deal, which closed four days after the Dow Jones plunged 777 points, was kept under wraps for two months because Bush's accountant was the listed buyer. The previous owners were Daniel Boeckman, a Dallas developer, and his wife, Laura.
Built in 1959 and recently renovated, the home boasts 1.13 acres, four bedrooms, 4-1/2 baths, a wet bar and a separate servants' quarters. One feature Bush is said to especially like is a covered back patio with a large fireplace, where the couple plan to entertain guests and hang out.
The Bushes won't be moving in until February or early March. They're planning a top-to-bottom paint job and will convert one of the four bedrooms into a workout room.
The property is on a quiet cul-de-sac that seems to offer everything a former President could want - an easy-to-guard layout, quick freeway access, and a smaller house for sale next door that the Secret Service might like for a command post.
That house is now in contract. It was listed at 1.7 million dollars, but The News learned last night that the still-secret buyers are hoping to knock down the price to 1.1 million dollars.
The Bushes had lived in Preston Hollow before but sold their home there in the 1990s when Bush became governor and moved into the executive mansion in Austin. They plan to keep their ranch in nearby Crawford, Texas, as a weekend getaway.
The
Preston
Hollow
neighborhood
are
sure
to
enjoy
having
the
ex-president
living
close
to
them.