Joe biden real estate


Joe Biden's houses: we take a tour of the POTUS properties

Two years into his presidency it is safe to say that Joe Biden has made a comfortable home in The White House. Despite this, the current President of the United States and the First Lady, Jill Biden, have an arsenal of property elsewhere, many of which are still used for quiet weekends away from the spotlight. 

Despite having the keys to one of the world’s best homes with command of the White House, the couple is famous for buying and redesigning property on the side, with Jill Biden embarking on redesigning her White House office earlier this year. 

Here, we take a tour of some of the current President’s properties away from the splendor of Washington D.C. 

Promises to Keep: On Life and Politics by Joe Biden

Joe Biden, the 46th President of the USA, has both witnessed and participated in a momentous epoch of American history. In Promises to Keep, he movingly recounts growing up in a staunchly Catholic multigenerational household; overcoming personal tragedy, life-threatening illness, and career setbacks; his relationships with presidents and with world leaders.

Their first Delaware mansion – Greenville, Delaware

Joe Biden lived in this home in Dupont, Deleware with his first wife, Neilia Hunter Biden. 

(Image credit: Google Earth)

Biden bought this Greenville, Delaware home for $185,000 in 1975 after learning it was slated for demolition. Biden, then married to his first wife Neilia – who tragically died in a car crash along with their baby daughter Naomi – extensively renovated the property to its current state. 

The 1930s home was in a state mear disrepair when Biden saved it. The five bedrooms were restored along with the two-and-a-half bathrooms and three original fireplace ideas with the plan of making the house, affectionately called 'The Station', into an idyllic family home.  

The exterior of the property maintains its historic appearance too, with the Colonial-style facade featuring stucco and a gable roof. Newer additions include sizeable pool ideas set amongst picturesque gardens beside a basketball court. 

The property, although sold by Biden in 1996 for $1.2 million, was a site of contestation during his 2020 presidential campaign, when Donald Trump's son Eric tried to use the sprawling mansion's size and value to accuse Biden of making illegitimate money on the side of being a senator. These rumors were very quickly settled when the details of the '90s sale were released. 

The Biden's main residence – Greenville, Delaware

(Image credit: Google Maps)

Joe Biden purchased four acres of lakefront land in his hometown of Wilmington, Delaware. It was here that he built this 6,850-square-foot home that he would now call 'home.' According to Zillow , the lot was purchased back in 1996 for $350,000, and the property is now estimated to be worth between $1-2 million. The Biden's reportedly spends many of their weekends together with family at this property, as well as most summer vacations. 

The large family home comprises three bedrooms and four-and-a-half bathrooms and has remained a firm favorite of Biden despite also having the grand White House. The cozy home features yet another grand fireplace and a signature stucco exterior.

Located close to the property is another smaller cottage that Biden has reportedly rented out to the secret service for $2,200 to continue his private security detail while spending time away from D.C.

Although strange, one of the most important parts of the home is the attached garage, used undoubtedly to house Biden's prized 1967 Corvette Stingray, possibly alongside some of his other impressive cars. 

At one point, Biden was known as the 'poorest man in Congress,' and when his son was battling brain cancer, Biden considered selling the house to help pay for treatments. It was reported that President Barack Obama offered to lend him the money instead, allowing him to keep the treasured home in the family.  

The summer escape – Rehoboth Beach, Delaware

(Image credit: Google Maps)

Continuing his Delaware property collection, Biden bought a down-to-earth six-bedroomed property on Rehoboth beach in 2017. Costing $2.7 million, the unique three-story building allows for 4,786 square feet of living space and is one of the newer properties in his collection, only built in 2007. 

The North Shores' home offers splendid views of the Atlantic Ocean, making it an ideal Summer vacation spot, and backs out onto the state park. Once again the property boasts three impressive indoor fireplaces as well as one outside on the stone patio. 

A very typical American home, wrap-around porches lead to a private dining terrace with an outdoor kitchen and offer plenty of outdoor seating for the family to enjoy the views and sea air. 

The kitchen is perhaps one of the most impressive parts of the home, with fully fitted professional kitchen ideas catering to the large property with ease.  

In a statement, Joe Biden recanted; 'Jill and I have dreamed of being able to buy a place at the beach – a home where we can bring the whole family.'

Their temporary rental – McLean, Virginia

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In 2016, Biden took a small break from politics and began renting a luxurious mansion estate in McLean, Virginia not far from the political hub of D.C. 

This is not the first time the incredible five-bedroom, nine-bathroom home has housed important political figures, however, with former Secretary of State Alexander Haig, who served under President Ronald Reagan, once owning the home in the upscale neighborhood and the home being the site of much of former First Lady Jackie Kennedy's childhood. 

The Georgian-style mansion was built in 1919 and has four floors in total, all connected with much more modern elevators throughout.  

As you may expect from such a luxury estate, the mansion also benefits from amenities such as a climate-controlled wine cellar, private studies, and home gym ideas – as well as having enough space on the driveway for 20 cars. 

Outside, the homes sprawling gardens were designed by landscape architect Beatrix. Ferrand with several outdoor garden 'rooms' allowing for a range of al fresco entertainment. A detached pavilion also includes a heated pool, a second exercise studio, and a full kitchen for catering garden entertainment, all close to the tennis courts. 

Where does Joe Biden's family live?

While Joe Biden and his wife spend the majority of their time in the White House, much of their family resides in Greenville, Delaware – a state that means a lot to the President and his children. 

Do Presidents live in the White House?

According to tradition, the President of the United States and their wives reside within the White House during their terms. Despite this, it is not uncommon for Presidents to have secondary homes elsewhere where they will go on weekends or holidays.

Where Does Joe Biden Live? — Joe Biden's Homes, Real Estate Portfolio in Photos

For most of his 44-year-long career in public office, President-elect Joe Biden had a nickname: Middle Class Joe. He also often called himself "one of the poorest members of Congress." His scrappy roots—born in Scranton, Pennsylvania, to a father who suffered a number of financial setbacks—were a big part of his 2020 presidential campaign's plan to appeal to American voters. But according to the Wall Street Journal, the reason why Biden was often at the bottom of the wealth ladder among his colleagues in the Senate had a lot to do with his life-long obsession with real estate. "Even as a kid in high school I'd been seduced by real estate," he wrote in his 2007 autobiography, Promises to Keep.

Biden began buying homes—especially those that were outside his budget—in his twenties, taking out multiple mortgages and receiving loans against life insurance policies. His net worth was often in the negatives—in 2007, he was ranked the least wealthy senator.

Today, the 78-year-old president-elect is hardly middle class anymore. According to a 2019 Forbes estimate, Biden and his wife Jill are worth $9 million, much of that accrued from speaking fees and book deals that came pouring in after his vice presidency. About $4 million of that worth is in his real estate. And while they are officially moving into America's grandest house today, the White House joins an already impressive group of stately digs owned by the President and First Lady. Cases in point, below.


Greenville, Delaware

Joe and Jill Biden’s main residence in Greenville, Delaware, an upscale suburb of Wilmington.

Google Earth

In 1996, Biden purchased four acres of secluded, lakefront land in the upscale suburb of Wilmington, Delaware, and built this 6,850-square-foot home. According to Zillow, the lot was purchased back then for $350,000 and the property is now estimated to be worth more than $1 million, though a real estate expert put that figure closer to $2 million. During his vice presidency, he rented out a cottage on the property to the Secret Service for $2,200 a month. When his son Beau was battling brain cancer, Biden considered selling the house to help pay for treatments but was discouraged from doing so by President Barack Obama, who offered to lend him the money instead.


Rehoboth Beach, Delaware

Joe and Jill Biden bought their Delaware beach house in the summer of 2017 in Rehoboth Beach.

Google Earth

In the summer of 2017, the Bidens bought a house on the Delaware Shore for $2.7 million. Overlooking Cape Henlopen State Park and just a couple blocks from the beach, the three-story home has six bedrooms, expansive porches, views of the Atlantic Ocean, and a backyard built for entertaining, with an outdoor kitchen, BBQ, and fireplace. “Throughout our careers, Jill and I have dreamed of being able to buy a place at the beach at home where we can bring the whole family. We feel very lucky that we're now able to make that happen and are looking forward to spending time with our family in the place that matters most to us in the world," he said in a statement.


McLean, Virginia

The Bidens rented this sprawling home in McLean, Viriginia, the tony neighborhood near Washington D.C.

Google Earth

Upon moving out of the vice presidential residence at the Naval Observatory at the end of his term in 2017, the Bidens began renting a house in McLean, Virginia, the upscale suburb outside D.C. that counts a who's who of senators, Supreme Court justices, and diplomats among its residents. (It's also where Jackie Kennedy grew up.) This Georgian-style house, which they rented from venture capitalist Mark Ein (Zillow estimates that it costs $20,000 a month), used to be the home of Alexander Haig, who was the Secretary of State during the Reagan administration and the White House chief of staff to Presidents Nixon and Ford. Sprawled out over 12,000 square feet, the five-bedroom mansion has a gym, sauna, floor-to-ceiling windows, and a driveway big enough for 20 cars. (It was reported last February that the Bidens are no longer renting this mansion.)


Former home: Greenville, Delaware

Joe Biden’s first foray into luxury real estate was this former DuPont mansion in Delaware, which he bought in the 1974.

Google Earth

In 1974, as a young senator and recent widower (his first wife Neilia and their baby daughter Naomi had died in a car accident in 1972), Biden purchased this former DuPont mansion in tony Greenville for $185,000. He nicknamed the 10,000-square-foot house 'The Station,' and it became the campaign headquarters for his first presidential run in 1988. In 1996, Biden sold the house for $1.2 million.

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Leena Kim

Editor

Leena Kim is an editor at Town & Country, where she covers travel, jewelry, education, weddings, and culture.

Joe Biden's 5 houses: what is known about the real estate of the new US president January, the inauguration of the 46th President of the United States, Joseph Biden. The new American leader is known for his passion for real estate. He bought his first houses at the age of 20, taking several mortgages at the same time.

We tell you what is known about the houses of the new US president.

Wilmington Mansion

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The first three small houses were owned by Biden for only a short time. Soon he sold them, and with the proceeds he bought a hundred-year-old mansion on the North Star Road in Wilmington, the largest city in the state of Delaware. Here the new American leader lived at the time when he worked as a lawyer. This house was sold nine years later, after his wife and daughter were killed in a car accident, his two sons survived but were seriously injured.

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House on Star Road

In 1972, Biden purchased a house on Star Road for $185,000. It is also located in Delaware. After 20 years, Biden sold this cottage for $1.2 million. The proceeds went to buy 1.6 hectares of land in the same state. Here the politician immediately began to build a new mansion for himself and his new wife.

Mansion on Barley Mill Road

After building a new house, Biden did repairs himself - scraping asbestos from pipes in the basement and painting the walls. When it turned out that his son had cancer, the Biden family decided to sell the house in order to spend money on treatment. But his friend Barack Obama dissuaded him from this by personally lending money. This house is still owned by Biden and is rented out for $2.2 thousand per month.

Photo: SHAWN THEW/TASS

Coastal cottage

In 2017, Joe Biden purchased a summer cottage on the Atlantic coast. The property cost a $3 million policy. The mansion has six bedrooms, a dining room combined with a kitchen and a large space for entertainment and recreation. The cottage has a lot of country-style interior details: the ceiling is decorated with wooden beams, and one of the rooms is decorated with a decorative fireplace.

Rented cottage on the coast (Photo: delmarvanow)

Georgian house

That same year, Biden rented a Georgian house in McLean, Virginia, auction house Zillow reported. He paid $20,000 a month for rent. This mansion has five bedrooms, a living room with a piano, a gym, a sauna, and a garage that can accommodate 20 cars. There is a marble staircase, high ceilings and interiors in discreet light colors.

House in McLean (Photo: zillow)

How many houses does Biden have now?

The American media has various information about how many houses actually belong to John Biden. However, USA Today reported that as of October 2020, the politician owns only two mansions. The rest of the houses where he and his wife lived in recent years were rented. In 2019, Forbes estimated the fortune of Biden and his wife at $9 million. At the same time, $4 million came from real estate.

See also

What houses Joe Biden owns

“Even in school I was tempted by real estate,” said Joe Biden

US Democratic presidential candidate Joe Biden (Photo: Zuma\TASS)

Joe Biden may become President of the United States, where elections are held on November 3. His opponent is the incumbent US President Donald Trump. Much is known about Trump's real estate; before his presidential term, he led the real estate development company Trump Organization.

This article has collected everything that is known about Joe Biden's real estate.

During his 44 years in the civil service or politics, Biden often referred to himself as "Middle Class Joe" and "the poorest member of the Senate." However, a February 2020 publication in The Wall Street Journal linked Biden's "poverty" to his obsession with real estate.

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“Even in high school, I was tempted by real estate,” is the phrase in Joe Biden’s 2008 book Promises to Keep. Very often in his life, the 77-year-old politician has invested all his money in the purchase of real estate. He began buying houses at the age of 20, taking out several mortgages at the same time. In 2019, Forbes estimates Biden and his wife, Jill, were worth $9 million, of which about $4 million was in real estate.

After buying and quickly selling three small, inexpensive homes, Joe Biden made his first major purchase, purchasing a century-old colonial home on North Star Road in Wilmington, Delaware's largest city. In Delaware, young Biden worked as a lawyer.

In 1972, two events occurred in the life of 29-year-old Biden: his wife and daughter were killed in a car accident, and he himself won the local elections to the Senate. Biden sold a house on North Star Road and bought a mansion in the same state, but in a more prestigious location, for $185,000.

Biden sold the mansion in 1992 for $1.2 million and used the proceeds to purchase 4 acres (1.6 ha) of land next door on Barley Mill Road. Here, far from prying eyes, the politician built a house that he still owns. During his 2009-2017 vice presidency, Biden rented the house to the Secret Service for $2,200 a month, according to The Wall Street Journal.

Town & Country also credits Joe Biden's current real estate collection with a summer home on the Atlantic coast. Biden purchased this property in 2017 for $2.3 million. The three-story, six-bedroom house is located on a large plot of land.

Read also Former US Vice President bought a mansion on the Atlantic coast

Since 2017, Biden has been living in a rented mansion in McLean, Virginia.


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