The Washington Times - January 2, 2013, 11:23AM

It’s priced at a mere $4,999,000 — cheap, perhaps, for those who are true Gipper-philes.

In 1956, Ronald and Nancy Reagan helped design their onetime residence: a 4,764-square-foot, four-bedroom, four-bath ranch house in the tony Pacific Palisades neighborhood in west Los Angeles — now up for for sale.

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It is, in real-estate parlance, “midcentury modern.” There are glass-walled rooms, fabulous views, an indoor courtyard, vaulted ceilings, streamlined cabinets, granite walls, den with wet bar, all manner of electric gadgetry, an octagonal swimming pool and sprawling open spaces for entertaining.

The famous couple lived there during a most historic moment on Nov. 4, 1980. Ronald Reagan received the call from then-President Jimmy Carter, conceding the election and offering gracious words on a landslide victory for the incoming 40th president of the United States.

“Of all the Reagan houses, whether owned, rented or temporarily ‘borrowed,’ this home in Pacific Palisades certainly holds more interest when it comes to his personal history. We all know Reagan as a film star, a governor and president, but there was so much more to his life and career that is not known unless one has read his autobiography,” says an analysis from Toptenrealestatedeals.com, a site that follows noteworthy properties around the nation

“Ronald Reagan was entranced by views. Where some people feel warm and fuzzy being surrounded by mountains deep in a valley, Reagan wanted to be up high where he could overlook a good view. This was evidenced in the homes he built, first with Jane Wyman and later with Nancy Davis, whom he married in 1952.”

The analysis continues: “When the quality of film scripts he was offered began lacking at the time, Reagan decided to look into television. In 1954 he became host of General Electric Theater. The weekly program began generating larger and larger audiences that made it as popular as 1950’s TV hits such as Arthur Godfrey and Jack Benny, and even acquired a larger TV audience than Gunsmoke.

“With this success, GE began using Reagan as a spokesperson for the company in a political message about the government’s regulations cracking down on the free enterprise system. Since these messages were so well received, GE rewarded Reagan with a state-of-the-art, all-electric house with every imaginable electrical convenience, including the newly conceived garbage disposal.”

And thus, the new residence, dubbed “The Home of the Future.”

The Reagans, naturally, were to move into another fabulous residence on the East Coast thereafter. It also had an amazing view, not to mention big future.