Nation: Trading Down

The Nixons sell San Clemente

When he was President, the idyllic 26-acre retreat on the Pacific bustled as the Western White House. After he fell from power, it provided an elegant refuge. But Richard Nixon is moving out of his San Clemente estate. Inflation has pushed the upkeep of the twelve-room, Spanish-style villa beyond his pocketbook, and last week he sold it to a group of Orange County businessmen for an undisclosed sum.

Nixon purchased the San Clemente property in 1969 for $1.5 million, in partnership with longtime Friend Robert Abplanalp. In the following...

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