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The Obamas Spent $11.75 Million Purchasing a Martha’s Vineyard Mansion

It’s no secret that Michelle and Barack Obama enjoy spending down time at Martha’s Vineyard, a quaint Massachusetts island that everyone from the Kennedys to the Clintons has visited. It’s been an annual vacation destination for the Obama family since their time in the White House, but now they’re putting down roots with the purchase of a gorgeous mansion that they rented over the summer.

According to People, the 6,892-square-foot Martha’s Vineyard estate was sold on Wednesday for $11.75 million to a trust. James F. Reynolds, a longtime friend of Barack Obama who also served as a member of his national finance committee during the 2008 presidential election, is named as a trustee on the deed.

The Obamas reportedly purchased the property from Wycliffe Grousbeck, owner of the Boston Celtics, and his ex-wife, Corinne Basler Grousbeck, who bought the home in 1998. The property has been on the market since 2015.

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The Obamas’ new property on Martha’s Vineyard.

LandVest

Situated on 29.3 waterfront acres near the Edgartown Great Pond, the impressive estate, which was built in 2001, features seven bedrooms, eight bathrooms, and a powder room. It also boasts an elegant master suite complete with a fireplace, as well as two guest wings, a two-car garage, a sun deck, boathouse, and a pool.

With these standout features, there is no doubt that Barack and Michelle Obama, along with their children, Sasha and Malia, will continue to enjoy memorable stays on Martha’s Vineyard for years to come.

 

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The spacious living room features a stone fireplace.

LandVest

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