Obamas pay $11.75M for Martha’s Vineyard home on nearly 30 acres: report
Obamas looking to buy 29 acre Martha’s Vineyard estate
Michelle and Barack Obama’s bid to purchase a nearly $15-million dollar property appears to have been accepted. The Martha’s Vineyard estate sits close to a beach, has two guest wings, seven guest rooms, and measures out to be 6,900 square feet. They’ve rented the property over the summer and now seem ready to make it their own.
Former President Barack Obama and former first lady Michelle Obama have purchased a nearly 7,000-square-foot home on Martha’s Vineyard in Massachusetts for $11.75 million, according to a report.
The purchase price was recorded Wednesday with the local Registry of Deeds, the Vineyard Gazette reported.
MICHELLE OBAMA MAY HAVE REJECTED FIRST VERSION OF HER HUSBAND'S OFFICIAL PORTRAIT
The Obamas paid about half the original asking price for the property when it first became available in 2015, the report said.
The sellers were listed as Wycliffe Grousebeck, owner of the Boston Celtics basketball team, and his wife Corinne Basler Grousbeck.
The house is located in the Edgartown section on the eastern end of the island and sits on a property of more than 29 acres, the Gazette reported.