Gavin Newsom listed his Sacramento mansion Monday for $7.5 million –– more than double what he bought it for seven years ago.
Newsom and his wife Jennifer Siebel Newsom announced that they had bought the over 12,000-square-foot residence in Fair Oaks, which is just 15 miles from the state Capitol, in 2019. He’s now selling his home four months before he ends his term as governor and prepares for a widely expected presidential run.
Newsom bought the mansion in the Sacramento suburbs to avoid living in the official governor’s mansion, a 150-year-old property that was home to 13 governors, including most recently Jerry Brown, who moved into the home in 2015 after the mansion served as a museum for decades. Brown moved into the three-story Victorian home after a $4 million renovation, which updated the electrical and plumbing. The last governor to live there before Brown was Ronald Reagan, who resided there for a few months in 1967.
Newsom said his decision not to live in the official governor’s mansion was to move to a “more kid-friendly” home. The seven-bedroom Fair Oaks mansion comes with a resort-style pool, a 5,000-bottle wine cellar, and a tennis court. He bought it at the time for $3.7 million.
Matthew Hindy, a real estate agent with Nick Sadek Sotheby’s International Realty, which is listing the property, declined to comment when reached by SFGATE…