The late John McCain, a prominent American politician, military veteran, and a two-time presidential candidate, had a diverse and interesting life that spanned several decades. Part of his legacy includes his real estate portfolio, which reflects not only his financial acumen but also his personal preferences and lifestyle choices. In this article, we will delve into the various properties owned by John McCain, exploring the details of each, their locations, and the significance they held in his life.
John Sidney McCain III was born on August 29, 1936, in Coco Solo, Panama Canal Zone. He came from a distinguished military family, with both his father and grandfather serving as admirals in the United States Navy. McCain himself became a naval aviator and served in the Vietnam War, where he was captured and imprisoned for over five years. His military service shaped his character and values, which he carried into his political career. After serving in the U.S. House of Representatives, McCain was elected to the Senate in 1987, where he served until his death in 2018.
Throughout his life, John McCain owned several properties, particularly in Arizona, where he spent much of his political career. His real estate investments reveal a great deal about his lifestyle, political ambitions, and the values he held dear.
One of McCain's most notable properties was his residence in Phoenix, Arizona. Located in a prestigious neighborhood, this home served as both a family residence and a place where McCain hosted political events and gatherings.
In addition to his Phoenix home, McCain owned a second property in Sedona, Arizona, known for its stunning red rock formations and natural beauty. This home served as a retreat for the McCain family, offering a peaceful escape from the demands of political life.
McCain also owned a vacation home in Cornville, Arizona, situated near the Verde River. This property was less known but played a significant role in the family’s relaxation and recreational activities.
As a long-serving senator, McCain maintained a condominium in Washington, D.C. This property was essential for his work in the Senate, providing a convenient place to stay while fulfilling his legislative duties.
In total, John McCain owned four primary properties throughout his life, including:
These properties not only provided personal comfort and leisure for McCain and his family but also served as venues for political events, interactions with constituents, and moments of reflection away from the public eye.
John McCain's real estate portfolio was not without its financial considerations. Like many politicians, he faced scrutiny regarding his financial dealings, including the management and valuation of his properties. Here are some key points regarding the financial aspects of his real estate investments:
McCain's properties, particularly in Arizona, were located in areas that experienced significant real estate appreciation over the years. The Phoenix and Sedona markets, in particular, saw an uptick in property values, which positively impacted McCain's overall net worth.
Owning multiple properties also meant that McCain faced ongoing maintenance and upkeep costs. These expenses, coupled with property taxes, could add substantial financial pressure, especially during periods of economic downturn.
Real estate investments can yield returns in various ways, including rental income, resale value, and tax benefits. While McCain was primarily a homeowner, the potential for rental income from his properties was an aspect worth considering, particularly for his Washington, D.C. condo.
John McCain's real estate portfolio was a reflection of his life, values, and career. The properties he owned provided him and his family with comfort, relaxation, and a connection to both Arizona and Washington, D.C. While the number of houses he owned was limited, the significance of each property extended beyond mere financial investment; they represented a tapestry of his life experiences, political ambitions, and personal preferences.