Former President Bill Clinton and Democratic presidential nominee Hillary Clinton have purchased the house next to their million dollar Chappaqua, N.Y., mansion for $1.16 million according to the New York Post.

The neighboring ranch-style home is a 3,631 square foot three-bedroom home set on 1.51 acres. The house was originally listed for $1.18 million and was sold in August. It boasts an open floor plan, pecan wood floors throughout, a modern kitchen with high-end appliances, and an eating area with a fireplace.

The Clintons’ new home also has a 212 square-foot basement.

The Post reports that a source said the home has the potential to be used for daughter Chelsea and her family as a retreat. Chelsea currently resides in an apartment in the NoMad neighborhood of New York City. Chelsea’s apartment cost $10 million.

"Rumor has it that the Clintons plan to use this as a mother/daughter house for Chelsea and her kids to visit on the weekends when they want to escape the city and their Flatiron digs since the Chappaqua house has a nice pool and plenty of rolling green lawn for kids to play on," the source said.

After the Clinton’s left the White House in 1999, they moved to the cul-de-sac of Old House Lane when Hillary was running for Senate in New York.

CNN reports that the new addition to the Clinton compound is to make it easier for Secret Service to protect the former president as well as the candidate.

The town board voted to designate the street the Clinton homes are on for local traffic only, meaning parking is not allowed on either side of the street.

The tax bill on the property is $28,790 a year.

In a 2014 interview with Diane Sawyer, Clinton defended her lofty speaking fees by claiming that she and Bill came out of the White House "dead broke" and in debt.