President Joe Biden's impressive property portfolio: Inside his two luxurious homes

President Joe Biden is getting ready for the elections in the US, which are to take place in November. When preparing for the 2020 elections, Biden focused his campaign on his scrappy roots, with a father who suffered several financial setbacks.

As per Town & Country, Joe Biden often talked about being ‘one of the poorest members of Congress’. Indeed, the President has a lifelong obsession with real estate and has often bought homes outside of his budget, forcing him to have multiple mortgages and loans.

Despite his ‘setbacks’Biden, who was bullied in school for his stutter, is no longer on the ‘poorer’ side of things. Earlier this month (May), Joe and Jill Biden released their joint tax returns, and it showed they earned millions. Let’s have a look at Biden’s impressive home portfolio and how much each is worth.

Joe Biden’s first home in Greenville, Delaware

As per Town & Country, Joe Biden - who had recently become a widower, his first wife, Neilia had died in a car crash with his daughter Naomi in 1972 - bought a former DuPont mansion in Greenville for $185,000, in 1974.

According to Homes & Gardens, Biden bought the mansion after learning it was going to be demolished. When the President purchased the mansion, it was in disrepair and Biden extensively renovated it to its current glory.

The 1930s mansion is equipped with five bedrooms and two and a half bathrooms. Biden restored three original fireplaces. The outside of the mansion maintains its historic appearance, with a Colonial-style structure, stucco, and a gable roof. Biden also added a sizable pool and a basketball court.

In 1988, his mansion became the headquarters for his first presidential run. In 1996, Biden decided to sell the property for a massive $1.2 million.

Joe Biden’s main residence in Greenville, Delaware

In 1996, Joe Biden bought 4 acres of lakehouse land and built a 6,850-square-foot home, which has become his main residence. According to Zillow, the land was bought for $350,000, and with the home he built, it is now estimated to be worth between $1 to $2 million.

The home boasts three bedrooms with four and a half bathrooms. The home also features a grand fireplace and a signature stucco exterior, as per Homes & Gardens. Moreover, Joe Biden and his family reportedly spend many weekends together as well as summer holidays.

The home also has an attached garage, which is likely used to house Joe Biden’s 1967 Corvette Stingray and there is a chance the President has other impressive cars in his collection.

The land also houses a smaller cottage, which Biden allegedly rented out to the Secret Service for $2,200 to keep his private security while at home.

As per Homes & Gardens, Biden had considered selling his beloved home when his son, Beau was battling brain cancer. However, it is said that former president, Barack Obama offered to lend Biden the money so he could keep his home.

Joe Biden’s summer retreat in Rehoboth Beach, Delaware

As reported by Homes & Gardens, Joe Biden has another property in Delaware. This time, it is a six-bedroom property in Rehoboth Beach, Delaware, which he bought in 2017.

The home costs $2.7 million and is three stories high with 4,786 square feet of living space. Biden’s summer home is one of his newer properties, it was built in 2007. The home has a gorgeous view of the Atlantic Ocean and backs out into the Cape Henlopen State Park, as per Town & Country.

It seems Joe Biden has a love of fireplaces, as his summer home boasts three indoor fireplaces as well as an outside one on the home’s stone patio. The summer house has a wrap-around porch, which leads to the private dining terrace and also features an outdoor kitchen.

As per Homes & Gardens, the house’s best feature is the kitchen, which is a fully fitted professional one. Joe Biden once said, regarding his summer home:

Jill and I have dreamed of being able to buy a place at the beach – a 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.

Joe Biden temporarily rented a home in McLean, Virginia

According to Homes & Gardens, Joe Biden decided to take a break from politics in 2016 and rented a mansion estate in McLean, Virginia, which is not far from the political hub of Washington D.C.

The home has five bedrooms and nine bathrooms. The Georgian-style mansion was built in 1919 and is four stories high. It even has modern elevators throughout. The mansion features a climate-controlled wine cellar, private studies, a home gym and a sauna. The home’s driveway can fit 20 cars.

The McLean neighbourhood is no stranger to political figures. Indeed, as per Town & Country, several senators, Supreme Court justices, and diplomats reside in the area, such as former Secretary of State Alexander Haig, who served under President Ronald Reagan. It is also where Jackie Kennedy grew up.

It is said that rent for the five-bedroom home is $20,000 a month. As per Town & Country, it was reported that Biden had stopped renting the home in February 2020.

Where does Joe Biden live?

With all these homes, it makes one wonder where do Joe and Dr Jill Biden live. As he is currently President of the United States, he resides in the White House, where he spends most of his time.

As per Homes & Gardens, most of their family live in their Delaware home, which has a lot of meaning for the whole family. It is very common for Presidents to have secondary homes where they go on weekends and holidays.

Read more:

⋙ A look inside Donald Trump's impressive 126-room Mar-a-Lago home

⋙ Prince Harry and Meghan: Video of their £11M Montecito mansion is going viral

⋙ US elections: This is the net worth of everyone running for President in 2024

Sources used:

Town & Country: ‘All of Joe Biden's Homes, In Photos’

Homes & Gardens: ‘Joe Biden's houses – explore the real estate portfolio of the POTUS’

Zillow

The Wall Street Journal: ‘In His Own Words, Joe Biden Was ‘Seduced by Real Estate’