The Southern California desert home of former President Gerald Ford has been sold for nearly $1.7 million.

Ford and former first lady Betty Ford lived in the Rancho Mirage five-bedroom home for 30 years. The former president was 93 when he died in 2006 and Mrs. Ford was 93 when she died last July.

The single-story home sits on 1.4 acres overlooking the 13th fairway at the Thunderbird Country Club.

The Desert Sun of Palm Springs ( reports escrow closed on Thursday. HK Real Estate's Nelda Linsk says the property fetched $1.68 million, $24,000 less than the asking price.

The new owners are Los Angeles celebrity business manager John McIlwee and DreamWorks Animation executive Bill Damaschke.