JFK's Cape home is sold within family

HYANNIS PORT -- The Hyannis Port home once owned by President Kennedy and his wife has been sold for $3 million, but is staying in the Kennedy clan.

Kennedy family friend Dick Gallagher said US Senator Edward M. Kennedy bought the house located in the family's compound early last month from his niece, Caroline Kennedy Schlossberg, and her husband.

"It was sold to the senator to keep it in the family," Gallagher told the Cape Cod Times. "It will always be the president's house."

Caroline is the daughter of the late president and Jacqueline Kennedy Onassis. Gallagher says Caroline and her family hardly spend any time on Cape Cod, preferring to vacation at a family estate on Martha's Vineyard. Gallagher says Senator Kennedy will rent the property to relatives, primarily his nephew Anthony Shriver.

The two-story, nine-bedroom, cedar-shingled house, built around 1925, was purchased by the future president in 1956 for nearly $46,000. It sits on a 1.3 acre lot and is assessed at about $1.7 million.