A Look at President Bush's Likely New Home

The Bushes are coming to Dallas.

The White House announced Thursday that President Bush and the first lady had purchased a home in Dallas' Preston Hollow neighborhood, and though they declined to offer up the couple's new address, local speculation placed the future Bush residence at 10141 Daria Place.

The four-bedroom property, appraised at about $2 million, was purchased in October by the president's Texas accountant, Robert A. McCleskey, as a trust.

McCleskey wouldn't comment on whether the president had bought the 8,501-square-foot brick home, built in 1959.

"Anything I do for any of my clients in any capacity, I can't say anything about," he told FOXNews.com.

An adjoining $1.67 million property is currently under contract to an unknown buyer, leading to speculation it could be used as a place for the Secret Service agents who will accompany the president back to Texas.

"It's an absolutely beautiful street," D Magazine real-estate reporter Mary Candace Evans told FOXNews.com. "It's very, very peaceful."

Evans, whose daughter went to school with the Bush twins before President Bush became governor of Texas, said her daughter's friend tipped her off to the presidential purchase.

"Whatever they've done, they've made some very good purchases in a very choice location," she said.

The 1.13-acre property at 10141 Daria Place has been recently renovated by developer Dan Boeckman, Evans said. It features 4 1/2 bathrooms, a cabana and detached servants quarters.

"The best possible thing is that it backs up to these two enormous properties that are very, very unique to have in the city," she said, referring to the more-than-24-acre Thomas Hicks estate and the 14.26-acre estate of Gene and Roxanne Phillips, which she says, has a trout-filled lake.

Also appealing, Evans said, was the option of gating off the cul de sac, provided the neighbors agree.

FOXNews.com contacted several residents on the cul de sac for comment, but phone calls were not immediately returned.

Laura Bush hinted at the home purchase on Wednesday.

"We will be moving to Dallas in January, and there might be a new house coming along," she said. "So I think that's where we'll spend our Christmas money."

Evans, speaking to FOXNews.com while looking at 10141 Daria Place, said security already had been increased at the property Thursday, with officials from the Dallas Sheriff's Department advising the media to stay away.

She said the newly renovated home would be ready for immediate presidential occupancy.

"It just looks perfect," she said. "Welcome home!"

Click here to read more about the house-hunting speculation from MyFOXDFW.com.

Click here to read Evans' Dallas Dirt blog on the likely presidential home.