The Obamas’ New Home Isn’t The White House, But That’s A Good Thing

Ronald Reagan Preferred A Southern California Lifestyle

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Jean-Louis Atlan/Sygma via Getty Images
Jean-Louis Atlan/Sygma via Getty Images

Built in 1871, Ronald Reagan bought Rancho del Cielo in 1974 for half a million dollars. The purchase came near the end of his second term as Governor of California. During his presidency, it became his vacation home, although sometimes business was held at the Southern California estate.

In 1981, Reagan signed the Economic Recovery Tax Act at the ranch. He also hosted Margaret Thatcher, Mikhail Gorbachev, and Queen Elizabeth II there. By the late ’90s, the ranch wasn’t being used and was sold to Young America’s Foundation, who keep it maintained as a monument to President Reagan today. Just ahead, Richard Nixon finds his happy place in Orange County.