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President Bush Buys a Post-White House House

As President-elect Barack Obama prepares to move into the White House, President Bush has picked up some new property for his life post-1600 Penn, when he leaves office in January. George and Laura have ponied up for a 8,501-square-foot, four-bedroom, ranch-style home in Preston Hollow, a wealthy North Dallas neighborhood where they lived before he became governor of Texas in 1995. I guess George is saying goodbye to the Georgian style.
Preston Hollow counts some other prominent residents, including Dallas mayor Tom Leppert, Dallas Mavericks owner Mark Cuban, former Dallas Cowboys Roger Staubach and Chuck Howley, and billionaire investors Harold Simmons and T. Boone Pickens, among others, so the Bush family should feel right at home, and perhaps their new neighbors won't be starstruck. The word on the sale price is that the property sold for "considerably more" than its $2.1 million appraisal price. There's also rumor that the couple is under contract to purchase an adjacent home, which they may tear down, use for an office, or for secret service. To see photos of that property, read more.

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