The Obamas have secured the 7,000-square-foot home on Martha’s Vineyard in Massachusetts that we previously reported they were eyeing for $11.75 million, reports the the Vineyard Gazette.
Barack and Michelle paid about half the original asking price since sellers Wycliffe Grousebeck, owner of the Boston Celtics basketball team, and his wife put the home on the market in 2015.
It looks like our forever first family may have found their forever home!
Located on the Massachusetts Island, the massive 29-acre estate features a 7,000 square feet mansion with seven-bedrooms, 8.5 bathrooms, chef’s kitchen, outdoor fireplace, two guest wings, 2-car garage, a pool, second-floor balcony Jacuzzi, and it’s own private beach with views of the Atlantic Ocean!
Built in 2001, the luxe property owned by Boston Celtics owner Wyc Grousbeck, has been on the market for four years and was first listed in 2015 at $22.5 million. According to realtor.com, in 2017, the home’s price was reduced to $16,250,00 before settling at the current asking price.
Details are still developing about the estate currently in escrow, but TMZ reports the Obamas will not be paying the full asking price.
Although the ink has not dried, we do know our favorite President and First Lady rented the home on the edge of Edgartown Great Pond for the summer, before falling in love with it.
It’s no question the Obamas love lodging in Martha’s Vineyard. Besides spending summers there as a family during their presidential years, just last year, the family of four sold their six bedrooms and five bathrooms summer home on the island for $15 million.
We don’t know about you, but we forward to seeing family portraits taken in front of the private estate surrounded by emerald-green lawns.
We can just see it now, the Obamas sipping their tea enjoying a relaxing morning on their sundeck as Malia, 21, and Sasha, 18, return home from college for summer break.
(Photo: Theo Wargo/WireImage)