Bill and Hillary Clinton’s $11 million Mansion-Truth! & Fiction!
Summary of eRumor:
Bill and Hillary Clinton plan to buy an $11 million mansion that sits on a 20-acre property in Westchester County, New York.
The Truth:
Reports that Bill and Hillary Clinton planned to purchase an $11 million mansion in Upstate New York first circulated in 2010, but the claims later proved false.
The eRumor re-gained momentum after Hillary Clinton said they were “dead broke” when they left the White House and claimed they were still not “truly well off” in an interview with ABC News in June 2014.
The New York Post first reported that the Clintons were jockeying to purchase the 20-acre “Clover Hill Farm” property in July 2010. Located in the affluent town of Bedford Hills, New York, Clover Hill Farm boasts a 7,000-square-foot rustic mansion, two guest homes, horse stables and a heated pool. The New York post reported that the Clintons had visited the property numerous times and planned to ink a deal to purchase the property “within weeks” — but that never happened.
The home was first listed in December 2008 for $13.9 million. The asking price dropped to $7.8 million by the time an asset management company purchased it in March 2011. The property was then sold to a Morgan Stanley trader in October 2011 for $5.5 million. As of November 2014, the property hadn’t changed hands again, according to Westchester County tax records.
That wasn’t the first time the Clintons had been tied to an $11 million property in New York, either. In 2013, they rented an $11 million home in the Hamptons for the summer, the New York Times reports. In 2014, they rented an $18 million estate in the Hamptons for their summer vacation, the Huffington post reports.
Posted 11/03/14