Bill and Hillary Clinton buy house next door, create Chappaqua compound

BUYERS: Bill and Hillary Clinton
LOCATION: Chappaqua, NY
PRICE: $1,160,000
SIZE: 3,631 square feet, 3 bedrooms, 3.5 bathrooms

YOUR MAMA'S NOTES: Amid a long, brutal and, according to the latest polls, increasingly tight presidential campaign, former president Bill Clinton and Democratic presidential hopeful Hillary Clinton found time to shell out $1.16 million for the property next door to their long-time residence on Old House Lane in Chappaqua, New York. Listing details show the 1.51-acre property anchored by an updated single-level ranch style house of 3,631 square feet built in the late 1970s and configured with four bedrooms and 3.5 bathrooms. There are glossy pecan wood floors throughout, according to listing details, a combination living/dining room and a "modern chef's kitchen" that's open over a large center island to an informal dining space with fireplace that, in turn, flows through to a family room with built in cabinetry. The property has stacked stone walls, both flat and rolling lawns ringed by mature trees, a children's play structure, and a swimming pool.

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Clintons make pricey buy next to Chappaqua home
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Clintons make pricey buy next to Chappaqua home
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It could be the Clintons purchased the property to house staffers or their secret service security detail, both of which will likely be beefed up if she wins the White House in November. However, an unidentified source told the New York Post, who first broke news of the Clinton's acquisition, that one of the rumors circulating on the political real estate street they "'plan to use this as a mother/daughter house for [their daughter] Chelsea and her kids to visit on the weekends when they want to escape the city and their Flatiron digs....'"

Much to the chagrin of their many and vociferous detractors, the Clintons have become rich since they moved out of the White House in January 2001. And indeed they have. Their tax filings show they hauled in somewhere around $139 million between 2007 and 2014 and their recently released returns for 2015 show they paid around $3.6 million in taxes on about $10.6 million of income. That's a lot of dough by any but a billionaire's standard. However, despite their high earnings the Clintons maintain a residential property portfolio that is arguably modest for people with their financial resources. According to property records, in late 1999 they paid $1.7 million for a lovely and nicely appointed but hardly lavish 1.1-acre property at the tail end of a sleepy Chappaqua cul-de-sac. The spacious but far from huge 5,232-square foot, gambrel-roofed main residence dates to the late 1800s and the property additionally includes a manned guard house at the front gate, a large motor court at the end of a long drive, a detached barn-like garage with additional living space likely used to house staff and/or security, expansive lawns ringed mature foliage, and a swimming pool. In addition to their newly formed compound in Chappaqua, the only other private home the political powerhouse couple is known to own is a pretty and dignified 6,478-square-foot red brick Colonial on a leafy cul-de-sac in Washington, D.C. acquired up in early 2001 for $2.85 million.

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Bill Clinton and Hillary Clinton through the years
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Bill Clinton and Hillary Clinton through the years
FILE WASHINGTON, DC - JAN 6, 1994: President Bill Clinton is escorted by Hillary to a waiting helicopter. The president was leaving for Arkansas after learning of the death of his mother. (Photo by Margaret Thomas/The Washington Post via Getty Images)
US Secretary of State Hillary Clinton (L) and US President barack Obama (R) are greeted by Myanmar pro-democracy leader Aung San Suu Kyi (C) at her residence in Yangon on November 19, 2012 . Obama arrived in Myanmar for a historic visit aimed at encouraging a string of dramatic political reforms in the former pariah state. AFP PHOTO / Nicolas ASFOURI (Photo credit should read NICOLAS ASFOURI/AFP/Getty Images)
US Secretary of State Hillary Clinton (L) looks on as US President Barack Obama (2nd L) speaks during a bilateral meeting with Japanese Prime Minister Yoshihiko Noda (2nd R) on the sidelines of the East Asian Summit at the Peace Palace in Phnom Penh on November 20, 2012. During the two-day East Asia Summit in Phnom Penh, Obama was scheduled to hold talks with the leaders of the 10-member Association of Southeast Asian Nations (ASEAN) along with Chinese Premier Wen Jiabao and Japan's Yoshihiko Noda. AFP PHOTO / Jewel Samad (Photo credit should read JEWEL SAMAD/AFP/Getty Images)
US President Barack Obama and Secretary of State Hillary Clinton board Air Force One at the airport in Yangon on November 19, 2012. Huge crowds greeted Barack Obama in Myanmar on the first visit by a serving US president to the former pariah state to encourage a string of startling political reforms. AFP PHOTO/Jewel Samad (Photo credit should read JEWEL SAMAD/AFP/Getty Images)
US President Barack Obama(2nd-L), First Lady Michelle Obama(L) along with former president Bill Clinton(3rd-L) and former secretary of state Hillary Clinton(4th-L) take part in a wreath-laying ceremony in honour of the late 35th president of the US John F. Kennedy at Kennedy's gravesite in Arlington National Cemetery on November 20, 2013 in Arlington, Virginia. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
BERLIN, GERMANY - JULY 06: Copies of the German translation of the book 'Hard Choices' ('Entscheidungen' in German) by Hillary Rodham Clinton, former United States Secretary of State, U.S. Senator, and First Lady of the United States, stand on display at the Staatsoper in the Schiller Theater on July 6, 2014 in Berlin, Germany. (Photo by Adam Berry/Getty Images)
BERLIN, GERMANY - JULY 06: Hillary Rodham Clinton, former United States Secretary of State, U.S. Senator, and First Lady of the United States, speaks during the presentation of the German translation of her book 'Hard Choices' ('Entscheidungen' in German) at the Staatsoper in the Schiller Theater on July 6, 2014 in Berlin, Germany. (Photo by Adam Berry/Getty Images)
AUSTIN, TX - JUNE 20: Hillary Rodham Clinton appears on stage during 'A Conversation With Former Secretary of State Hillary Rodham Clinton' at the Long Center on June 20, 2014 in Austin, Texas. (Photo by Gary Miller/Getty Images)
BERLIN, GERMANY - JULY 06: Hillary Rodham Clinton, former United States Secretary of State, U.S. Senator, and First Lady of the United States (R), speaks next to Christoph Amend, editor in chief of Zeit Magazin, during the presentation of the German translation of her book 'Hard Choices' ('Entscheidungen' in German) at the Staatsoper in the Schiller Theater on July 6, 2014 in Berlin, Germany. (Photo by Adam Berry/Getty Images)
EAST HAMPTON, NY - AUGUST 16: Hillary Rodham Clinton signs copies of her book 'Hard Choices' at BookHampton on August 16, 2014 in East Hampton, New York. (Photo by Sonia Moskowitz/Getty Images)
OAKLAND, CA - JULY 23: Former Secretary of State Hillary Clinton speaks during a during a round table event to launch the 'Talking is Teaching: Talk Read Sing' campaign at the Children's Hospital Oakland Research Institute on July 23, 2014 in Oakland, California. Former Secretary of State Hillary Clinton launched the 'Talking is Teaching; Talk Read Sing' campaign in partnership withToo Small to Fail and the Bill, Hillary and Chelsea Foundation that encourages parents and caregivers to close the word gap by talking, singing and reading to children every day from the birth. (Photo by Justin Sullivan/Getty Images)
NEW YORK, NY - JANUARY 06: Former president of United States (US) Bill Clinton (R) and his wife, former US Secretary of State Hillary Clinton (L), leave St. Ignatius Loyola Church after the funeral of former three-term governor Mario Cuomo on January 6, 2015 in New York City. (Photo by Selcuk Acar/Anadolu Agency/Getty Images)
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Listing photos: Douglas Elliman

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