L.A. home on land once owned by Ronald Reagan sells for $22M

The spec house was first shopped for $33M

Mar.March 05, 2017 02:00 PM

Former Pacific Palisades home of Ronald and Nancy Reagan (A Bird’s Eye/Getty Images)

From the Los Angeles website: A Pacific Palisades mansion built on land once owned by President Ronald Reagan and First Lady Nancy Reagan has sold for $22 million. The 12,000-square-foot spec house was built by Jaman Properties, a development firm led by screenwriter Janus Cercone and movie producer Michael Manheim. [more]

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