LAKE LUCKY, HERE WE COME!

Five rms, two fpls, ocean vue. Mother-in-law and/or Secret Service suite. Bring Weed Whacker. Asking $5.9 million.

This was an offer--for the Reagan Ranch near Santa Barbara, Calif.--all too many were able to refuse. The Western White House sat on the market for 13 months until the perfect buyer, one who can print money if he has to, showed an interest: Uncle Sam. Republican Congressman Ralph Regula of Ohio, chairman of the Appropriations subcommittee in charge of federal parks, is brokering a deal whereby Congress will appropriate $5 million and give it to California, which will in turn give it to...

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