There are lots of reports circulating that President Obama is in escrow to buy a house in the exclusive Rancho Mirage gated community which the likes of Frank Sinatra and Bob Hope called home — NOT TRUE.
The house in question is listed at $4.25 million and escrow is supposed to close at the end of the month.
Sources close to the President who are familiar with the situation tell TMZ … he and Michelle have never even seen the house and have definitely not made an offer. What’s more … we’re told the Obamas will NOT live in the desert when his presidency ends.
And there’s this … the Obamas have relied heavily on their famed interior decorator Michael S. Smith. We’re told 6 months ago someone who was looking at the house asked Smith to come along to give his opinion.
We’re told Smith made it clear … he didn’t like the house AT ALL. It’s pushed up against the mountain, it doesn’t have a lot of light and it’s just not that stylish. The buyer passed. The photos below;
-TMZ