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The Bel-Air, Calif., home of the Ronald and Nancy Reagan was sold for $15 million to Jerry Perenchio, the former chairman of the Spanish-language Univision television network.
The Los Angeles Times obtained records of the sale, which was an off-market transaction. The 1.29-acre property and its 17-room, 7,200-square-foot residence was purchased in 1986 for $2.5 million by friends of the Reagans, who leased the home until it was deeded to a trust in their name in 1989. Ronald Reagan passed away in 2004 and Nancy Reagan died earlier this year.
Perenchio, who has served on the board of trustees for the Ronald Reagan Presidential Foundation since 2000, also owns properties adjacent to the Reagan home—most notably the Kirkeby mansion that was used as the exterior as the Clampett residence in “The Beverly Hillbillies” sitcom.