HomeEntertainmentFit for a president’s pad! After renting the seven-bedroom Martha’s Vineyard property last summer, Barack and Michelle Obama fell in love with it and decided to purchase it for $11.75 million.
Fit for a president’s pad! After renting the seven-bedroom Martha’s Vineyard property last summer, Barack and Michelle Obama fell in love with it and decided to purchase it for $11.75 million.
The Obamas are likely celebrating as they have closed the deal on a massive seven-bedroom mansion on Martha’s Vineyard.
The former President and First Lady received the keys to their new mega-home which occupies 29 acres of beachfront property.
The couple have been eyeing up the property since staying there last summer after it was put on the market by Celtics owner Wyc Grousbeck.
The house was originally listed for $14,850,000 but TMZ reports the Obamas managed to obtain a huge discount and secured the 6,900sq ft home for $11.75 million.
The enormous property has a swimming pool, outdoor fire pit and vaulted ceilings.
The are also two wings which run from the main house which is perfect to host guests.
Outdoors, the land comes with its own private beach, a boathouse and has plenty of land if the Obama’s were hoping to expand.
‘It’s a remarkable home on an absolutely gorgeous setting,’ listing agent Tom Wallace previously said ‘privacy is a key feature of the property.
‘It certainly has the capacity to expand to more of a compound. One could build two additional full-size properties if one wanted to create a generational meeting place’ he added.
Their new home is on the edge of Edgartown Great Pond, with views of the Atlantic Ocean.
It features predominantly white interiors but is surrounded by emerald-green lawns.
Michelle and Barack will have a lot of space to relax, as the master bedroom opens up to a sundeck, while their daughters will have plenty of room to enjoy long summer breaks there.
Malia, 21, is currently studying at Harvard University, while Sasha, 18, has just Sidwell Friends School in Washington D.C.
The couple appeared to fall in love with the mansion last summer when they were renting it for their summer vacation.
Now, life can truly feel like a permanent holiday as the Presidential couple have now bought the home for themselves.
Last year, the Obamas sold their summer home on the island for $15 million. They are no strangers to the island having spent seven summers there while Barack was President.
The Obamas won’t be the first Presidential family to buy up on the Massachusetts Island.
Jackie Kennedy-Onassis kept a home there until her death in 1994, and the summer resort was popular with the whole Kennedy dynasty.