Home of Bing Crosby sees 43 percent price spike

The California ranch is now asking $5 million

Bing Crosby and his Rancho Mirage, California home
Bing Crosby and his Rancho Mirage, California home

The California ranch built for crooner Bing Crosby in the 1950s has hit the market asking $5 million – 43 percent more than when it last listed.

The five-bedroom, 7,000-square-foot estate has come on and off the market in the past years and last listed for $3.49 million, according to Curbed. The current owner told the Wall Street Journal that the price hike was due to recent interest in the neighborhood and a rumor that President Obama was buying close by.

The gated home boasts retractable glass walls, a private guest wing, and a fancy master suite, as well as a pool, a spa, and a home theater. The home is also decorated with “Bing Crosby photos and movie posters.” [Curbed] Christopher Cameron